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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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CITY CLERK
Doc Name
1992
Doc Type
Resolution
CITY CLERK - Date
5/11/1992
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<br />partia.. Any other attempted amendment shall be void. <br /> <br />29. RIGHTS OF SUCCESSORS. All of the rights and obligstions of the <br />partie. under this lease shalt blnd and insure to the benefit of <br />.respective heirs, personal representatives, succassors and <br />asslgns. <br /> <br />30. LANDLORD'S LIEN. In addition to the statutory Landlord's lien. <br />Tenant hereby grants to Landlord a security interest to secure <br />payment of all rent and other sums of money becoming due here- <br />under from Tan.nt, upon all Boods, wares, oquipment, fixtures, <br />furniture and other personal property of Tenant situated in or <br />upon the Property, together with the pr.oceeda from tho salo or <br />lesss thereof. Such property shall not be removed without the <br />consent of Landlord until all arrearages in ront and other sums <br />of monay then due to Landlord hereundar shall first haye been <br />paid and dlachargad. Upon the occurrence of an avant of dofau1t, <br />Landlord may, in addition to any other remedies provided harain <br />or by law, enter upon the Property and take possesaion of any and <br />all goods, wares, equipment, fixtures, furniture and othar <br />personal property of Tenant situated on the Property without <br />liability for trespass or convarsion, and sell the same at public <br />or private sale, with or without haYing such proparty at tha <br />sale, after giving Tenant reasonable notice of the time and place <br />.of any such sde. Unless otherwise required by law, notice to <br />Tenant of such sale 8hall be deemed sufficient if given in the <br />manner prescribed in thia Lease at least ten (10) days befora the <br />time of the sale. Any public sale made under thie psragraph <br />I'Ihall be deemed to have been conducted in a comt1lercially reason- <br />able manner if hald on the Property or where the property is <br />located, after the time, place and method of sale and n general <br />description of the types of property to be sold have been <br />advertised in a daily newspaper published in Lamar <br />County, Texas, for five consecutive days before the date of the <br />sale. Landlord or its assigns may purchaso at a public sale and, <br />unless prohibited by law, at a private ssle. The proceeds from <br />any disposition dealt with in this paragraph, less any and all <br />expenses connected with tha taking of posseasion, holding and <br />selling of the property (including reasonable attorneys' fees and <br />legal expenses), shall be applied as a credit against the indebt- <br />edness secured by the security interest granted herein. Any <br />surplus shall be paid to Tenant or as otherwise required by lawl <br />Tenant shall pay any deficiencies forthwith. Upon reqllast by <br />Landlord, Tenant agrees to execute and deliver to Landlord a <br />financing statomnnt in form sufficient to perfect the security <br />interest of Landlord in the aforementioned property and procaeds <br />thereof under the provisions of the Uniform Comt1lsrcia1 Code in <br />force in the State of Texas. Ttle atatutory lien for rent is <br />expressly reserved, the security intereat herein granted is in <br />addition and supplementary thereto. <br /> <br />31. BANlRUPTCY. If Lessee, its successors, assigns or sub-lessees, <br />if any, should file a petition in bankruptcy or should bank- <br />ruptcy proceedings be begun against Lessoo, its successors or <br />assIgns, or should anyono of them make an assignment for the <br />benefit of creditors or should the premises be placed in tho <br />possession of a receiver, then and in that event, Lessor shall <br />
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