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1992-034-RES WHEREAS, the City Council of the City of Paris, did at its regular meeting on February 9, 1992, approve
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1992-034-RES WHEREAS, the City Council of the City of Paris, did at its regular meeting on February 9, 1992, approve
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8/18/2006 4:32:59 PM
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4/11/2005 12:51:12 AM
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CITY CLERK
Doc Name
1992
Doc Type
Resolution
CITY CLERK - Date
5/11/1992
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<br />fifteen (15) days aftar said date. If Lessee is deprived of the <br />. use of any aubstantial portion of the leased pumina either by <br />r...aon of said damage or during reatoration, the rent shall be <br />absted or propnrUnnllhly reduced according to the extent to <br />. which Le8llao 1& deprived of such use. <br /> <br />Lessee sgrees to kaep in effect on the leased premises fire <br />lns\.rance with extended coverase endorsement in an amounb not <br />less than eight.y percent (80::1:) of the Imlllrable value of the <br />bunding improvement.. thoreon, naming J. D. Wilmoth as the <br />insured. L..ss.... 9ho agrees to keep 111 ..ffect un Les"..e'.. <br />merchandlse and fixtures fire insurance with extended coverage <br />endorsement in an amount not less than eighty percent (SO::l:) of <br />the insurable value of said merchandise and fixtures. Evidence <br />of this coverage to furni..hed to Lessor. <br /> <br />12. ASSICNHKNT AND SUBLKTTING. Lessee shall not a.sign thls lease <br />nor sublet the leased premisas without Lessor's written conaent, <br />which shall not ba unreasonably withhold. <br /> <br />13. INDKHNIllCATION. Lessee sgrees to indemnify Lessor against and <br />saVe Lessor harmless from all demands, claims, onURes of Action <br />or Judgments, and all reAsonable exponsRs incurred in invest i.' <br />gating or resisting the seme, for injury to porson, loss of life <br />or damsge Lo property occurring on the leased promisns and <br />Artstng out of Lessoe's uso and occupancy except if causod by the <br />Act or neslect of LeGGor, its eontrAotora, sgents or empleyees. <br />ThQ Lessee ahall maintain edequate in..urance covering Lessee's <br />obligations under this paragraph in respect of injury to person <br />and loss of Ilf$ And furnish Lessor . with evidence of such <br />coverage. Lessee shAll satisfy its obligation of indemnification <br />by' adding Lessor to Lessee's policy as an additional insured. <br /> <br />14. DKrA~T. If Lessee shell be in default for more than twenty (20) <br />clays after receipt of Lessor's notice specifylns such default, <br />Lassor may declare the term ended and re-enter the lea..ed <br />premises with or without proce..s of law. If Le....or shall be in <br />default for. mol'S than twenty (20) days aftor receipt of Lessae'. <br />notice specify ins such default, Lessee may incur Any expense <br />necessary to perform any obligation of Lessor specified in such <br />notice and deduct such expense from the rents thereafter to <br />become due. <br /> <br />15. LANDLORD'S ACCESS. Landlord and its authorizod asents shall have <br />the risht, durins normal business hours, to enter the Property <br />(A) to inspect the s..neral condition And state of r..pair thereof, <br />(b) Lo make repairs required or permittod under this I.ease, <br />(c) to show th.. property to any prospective tenant or purcha..er <br />.or (d) for any other r..aaonable purposo. Durins the lease Term, <br />Landlord and its authorized 88ents shall have Lhe right to erect <br />ancl maintain on or about the Property customary signs advertising <br />the Property for lease or for sal... <br /> <br />16. 1.nn:TATION OF LANDWRD'S LIA1lILITY. As used in this I.ease, the <br />tOlrm "Landlord" mesns only tho our rent owner or owners of the fee <br />title to the Property or the 1easeheld estste under a ground <br />- . - .~ <br />
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