Agenda - 11-03-1986 - Laserfiche WebLink

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• 191 3.04 TAX ON RENTALS; Tenant than pay.in addition to and with the rent.any tax that may be levied,assessed or Imposed upon or measured by the tents reserved hereunder or won a lease by any governmental authority acting under any presere or future taw. II at the end al each tax year of the lease term and the antrum of the additional ant that was&se for real tame taxes that am chargeable the demised menses exceed the Landlords menace of sama the tenant shall pay such moo*to the Landord on demand.Rat the end of each tax year of the lease tam the amount of the additional rental that was die nol alai taxes thee are chargeable against the ' demised premise m less than the Lanclords estimate 04 sane the Landlord Ad refund the crdlerence. 3.06 Tenets shall pay to landlord,as ackEtionel rent,Tenant's proportionate share at the real estate taxes that may be levied' against the Showing Center.The amount of taxes chargeable to the Tenant shall be that portion dal taxa assessed avast the shopping caw as a - whole(inducing put&area)it the ratio that the starers footage of the clanked penises bears to the Ware Image Mal baling;erected in said Amp:1g center.In any expansion of the demised premises.dte tuba*for its expansion area tall be estabithed by the same formula aa that used it the fiat instance.Using the arra&enumerated is this article 3415.Landord shall at the beginnly of thelease tern and each tart year Omfalter mama the nal estate taxes that ate chargeable astral the denim;pretties or that yew.The'relive Onion the it dm/of die arta oath enniaenalY dere thereafter Peva)the Laniard.reach place**Latticed shaidesignate in veiling from • time to tine,sail additional rental for umlaute taxes that are estimated by the Landlord that are thanes*agate:the demised premises for that year.Notwidistandmg the ammo if the Tenant is not it difedt under the tarns of this lease the Tenant may pay sail addrional rental for taxes in equal monthly iretallments,en the first day of each month,is ekestst camencing upon the gra day ci the lease term promed, however.in the eves the rust day cif theca:up tam share(be on die fast dayol acalendar month,then dead:Rend rent for real estate taxa for each month shall be prorated on a daily basis and dui be payable upon the date of ocommcy. At any time during the lease tam the Landord new revise its estimate of the seal estate taxes that are chargeable against the demised premises.The payment due under this wade 3.06 shall be adjusted to aka the new estimate al real estate taxes that ate chargeable&ono* the demised premises. 3.06 ADCETIONAL LATE RIM In the evens the tenant data not pay the annual einem%rent withal ten 4101 days of its this date the Tenant shall pay to the Landord as ardor:sand rent the sum at$100.00.The Landman right to receive ackifonal ha re*steal be in addaen to al other rights and remain avallabie to the Landlord upon the default of the Teruo in paying the anneal alarms rent what due. ARTICLE N WARRANTIES OF LANDLORD 4.01 COVENANT OF TITLE Larelord covenants,represents and warrants that it has id right and power to execute and perform this Lease and grant the estate demised hernia U at any terra during the tarn hereby demised the tide of Unclad shad fad or a be docoverad that Landlord's title does not Permit Landlord to gram the term here*deresed.Tenant's remedy,winch shall be exckoive of al order remiss.shall be to annul and mid des lease. ARTICLE V DATE OF OCCUPANCY AND USE 5,01 ADVANCED POSSESSION FOR FIX7L)RING; Prior to completion or improvements to be made by Locked.Tenant shall have the right and privilege(but at its own risk)to receive, store and install its trade&cams in or or the Demised Premises,proVided howeer.that merle%storing and installing shall be SIC mam(T° that wi not interfere with Landlord's work and that Tenant's labolty insure=muss be in full fora and effect.It is expressly agreed that such action by Tenant shall not cosenste acceptance of the Demised Premises as being completed as required herein. 5.02 USE OF THE DOWSED PREMISES Tenant will use the Demised Premises Ice the permitted use only and for readier purpose without the pax written consent of Lanciard. Tenant shall keep the Demised Premises open for business at least during the usual business days and hours al Tenant's and occupants of recall and server areas within the Shopping Center ol which the Demised Parnisea ars a part(whether or not such areas are owned or conroded by Landlord)whch occupy fifty(50%)percent or more of the goal lime aaa such recall and smite areas and in any event during the usual business days and haws lithe kcaray in which the Demised Premises are situated of storm or service estabishments of the ntrel Tenant's stare or service est abashment.Tenant at its sole expense,shall comfy with all ol the requirements Mall municipal.state and federal authorities new or hereafter in faros certainly to the Demised Premises.Tenant shall not commit waste or any nuismee.Tenant wJ not do act or thug in the Dented Premises or permit the storage al any product therein which shall cane a caudal:ion of any Cl Landlord's on the Demoted Prerreses.If any use of the Demised Prentiss by Taney or act therm CMS=Landlords insurance QM to be increased ova the rates Si effect for the Permitted Use generally.Taunt ma,on dement Pay to Landlord the amount 01 any such increase. Tema Further commas duo it will not 0&splay any marcharsitse or maintain any stands in front of Demised Premises or of the ire of bulldogs lithe Marring Center.(i)erect or marmot any barricade escalading.which may obscure.the signs,entrance or show window of any other tenant in the Shopping Caitiff.Or tend to interim with any such other terant's business.Oil create or maintain,any nuisances. Inducting without imitation the kayoing general Language,loud noises.sound effects offensive odors,and smoke or dust in or about the Demised Premises of the commas areas acent to the Demised Prenuses.or(W)install any equerrent which will exceed or overload the capacity al any unrest fatties located it or serving the Denied Premises. ARTICLE VI REPAIRS AND MAINMANCE • 6.01 LANOLDROS REPAIRS AND MAINTENANCE Except as provided at this Lease with respect to condemnation and damages caused by casualty,Landlord agrees to keep.Warr and maintain the exterior ci the bullring(ireful:frig the roof.exterior wads,foundations,garter&downspouts and mgt canopy).the common urn-*imam paved areas,met*PiPM foe 013(Rainy)and water.drainage and sewer apes(caned by coucturoidekrn,but velem or. dewy atowage).earolrioaf wring(but not awl 01 the slectr .lor Pitonbe9%sterner&stuns inside the Dirtied Preiiees)ingxdrup ,at all times.If any portion of the Demised Pretties which is the respornalaity 0111w Landlord shall at any time be in steed of repair,Landord will promptly repair sere upon receipt of written notice from Tenant to do so,except that the Laniard&hal not he°Mimed to make or Pelf(or any repairs to Tenant's store bulking rendered necessary by the fault,act or negSgence tithe Tenant,or:mafiosi/nom.agents,employes or artiness invitee',except in the case 01 damage by ftre or the edenents.or odor casualty covered by Landlord's intend extended towage ' insurance.Leaked agrees to keep the common areas clean,to keep such wen righted during hours al clarlthem when stores Sthr2raii are open for bulimic and to keep the Parking area Pepe*paved.righted and striped to assist in the orderly park:nal cats.Tinsman closings • 3 • '. . - ' •