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1988-009-RES WHEREAS, the City Council did heretofore in Resolution No. 85-003, dated January 14, 1985, authorize
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1988-009-RES WHEREAS, the City Council did heretofore in Resolution No. 85-003, dated January 14, 1985, authorize
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CITY CLERK
Doc Name
1988
Doc Type
Resolution
CITY CLERK - Date
2/8/1988
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<br />with a certificate from the insurance carrier showing such <br />insurance to be in full force and effect during the entire <br />term of this lease, or shall deposit with the lessor copies <br />of said policies. <br /> <br />provision <br />material <br />delivered <br />effective <br /> <br />Said policies or certificates shall contain a <br />that written notice of cancellation or of any <br />change in said policy by the insurer shall be <br />to lessor thirty (30) days in advance of the <br />date thereof. <br /> <br />F. Landlord's Lien. Lessee hereby gives, grants and <br />pledges unto lessor a contractual landlord's lien upon all <br />property, tangible or intangible, and property rights <br />belonging to lessee now or at any time hereafter placed in <br />or upon the demised premises to secure the prompt payment of <br />all rentals and fees and the performance of any or all <br />covenants and obligations to be kept and performed by lessee <br />hereunder. <br /> <br />ARTICLE VII <br /> <br />Cancellation Assignment and Transfer <br /> <br />A. Cancellation by Lessor. This lease shall be <br />subject to cancellation by lessor in the event lessee shall: <br /> <br />(1) Be in arrears in the payment of the whole or any <br />part of the amounts agreed upon hereunder for a <br />period of fifteen (15) days after the time such <br />payments become due. <br /> <br />(2) Make a voluntary or involuntary assignment for the <br />benefit of creditors. <br /> <br />(3) File a voluntary petition in bankruptcy. <br /> <br />(4) Abandon the demised premises. <br /> <br />(5) Default in the performance of any of the material <br />covenants, and conditions required herein. <br /> <br />In any of ~he aforesaid events, lessor shall give <br />lessee written notice of such breach or default, an lessee <br />shall immediately correct same. If within thirty (30) days <br />from the date of such notice, the breach or default com- <br />plained of shall not have been corrected, then and in such <br />event, lessor shall have the right to declare this lease <br />immediately terminated as to the balance of the term herein, <br />and may forcibly, if necessary, reenter and take immediate <br />possession of the demised premises and remove or seize <br />lessee's effects under the preference lien granted to secure <br />performance of lessee's obligations hereunder without being <br />deemed guilty of any nature of trespass; provided, however <br />that in the event that subsections (2) and/or (3) occur, <br />lessor shall not be required to give written notice to <br />lessee, but lessee shall have thirty (30) days from the <br />occurrence of said event to correct same. This lease, or a <br />copy hereof, shall be sufficient warrant for any person. <br />A'" _____-'-_'1 ~.._ 'L.___.._...:I___ _L_'~ 1..._ __.._t...'_.6-_ ......':...:.1 A...........,..+: <br />
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