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8.0. EDSR 04-13-1998
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8.0. EDSR 04-13-1998
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4/13/1998
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ARTICLE XIII. - MORTGAGE AND TRANSFER: ESTOPPEL CERTIFICATES <br /> 14.01 Landlord shall have the right to transfer, mortgage, pledge or otherwise encumber, <br /> assign and convey, in whole or part, the Premises, the Building, this Lease, and all or any part of <br /> the rights now or thereafter existing and all rents and amounts payable to Landlord under the <br /> provisions hereof. Nothing herein contained shall limit or restrict any such rights, and the rights <br /> of the Tenant under this Lease shall be subject and subordinate to all instruments executed and to <br /> be executed in connection with the exercise of any such rights, including, but not limited to, the <br /> lien of any mortgage, deed of trust, or security agreement now or hereafter place upon Landlord's <br /> interest in the Premises. This paragraph shall be self-operative. Tenant covenants and agrees to <br /> execute and deliver upon demand such further instruments subordinating this Lease to the lien of <br /> any such mortgage, deed of trust or security agreement as shall be requested by the Landlord <br /> and/or mortgagee or proposed mortgagee or holder of any security agreement provided, however, <br /> that so long as Tenant is not indefault under this lease, Tenant's right to occupy the Premises <br /> shall not be affected as a result of such subordination or the exercise of any rights by any <br /> mortgagee or other successor to Landlord or Landlord's mortgagee. <br /> 14.02 Estoppel Certificates. Upon Landlord's written request, Tenant shall execute, <br /> acknowledge and deliver to Landlord a written statement certifying: (i) that none of the terms or <br /> provisions of this Lease have been changed (or if they have been changed, stating how they have <br /> been changed); (ii) that this Lease has not been cancelled or terminated; (iii) the last date of <br /> payment of the Base Rent and other charges and the time period covered by such payment; (v) <br /> • such other matters as may be reasonably required by Landlord or the holder of a mortgage, deed <br /> or trust or lien to which the property is or becomes subject. Tenant shall deliver such statement <br /> to Landlord within ten (10) days after Landlord's request. If Tenant does not provide such <br /> statement within such 10-day period, then any such statement by Tenant may be given by <br /> Landlord, and any prospective purchaser or encumbrancer, may conclusively presume and rely <br /> upon the following facts; (ii) that this Lease has not been cancelled or terminated except as <br /> otherwise represented by Landlord, (iii) that not more than one month's Base Rent or other <br /> charges have been paid in advance; and (iv) that Landlord is not in default under the Lease. In <br /> such event, Tenant shall be stopped from denying the truth of such facts. <br /> ARTICLE XIV. - EMINENT DOMAIN <br /> 15.01 If the Premises or such substantial part thereof as reasonably renders the remainder <br /> unfit for the intended uses shall be taken by any competent authority under the power of eminent <br /> domain or be acquired for any public or quasi-public use or purpose, the Term of this Lease shall <br /> cease and terminate upon the date when the possession of said Premises or the part thereof so <br /> taken shall be required for such use or purpose and without apportionment of the award and <br /> Tenant shall not have a claim against Landlord for the value of any unexpired term of this Lease. <br /> If any condemnation proceeding shall be instituted in which it is sought to take any part of the <br /> Building or to change the grade of any street or alley adjacent to the Building and such taking or <br /> change of grade makes it necessary or desirable to remodel the Building to conform to the <br /> • changed grade, Landlord shall have the right to terminate this Lease after having given written <br /> notice of termination to Tenant not less than ninety (90) days prior to the date of termination <br /> designated in the notice. In either of said events, rent at the then current rate shall be apportioned <br /> 7 <br />
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