1982-779-R - Laserfiche WebLink

Home Browse Search

stated hereinabove for a period of more than thirty (30) days, the Lessor shall have the right to re-enter the leased premises and to relet the same or to re- tain the same for its own use. Lessee agrees that in such event it will vacate the leased premises without further notice. 6. Compliance With Laws. Lessee agrees not to violate any law, ordin- ance, rule or regulation of any governmental authority having jurisdiction of the leased premises. 7. Title and Quite Enjoyment. Lessor covenants and warrants that it is the owner in fee simple absolute of leased premises. Lessee shall peaceably and quietly hold and enjoy the demised presises for the term hereby demised without hindrance of interruption by Lessor. 8. Each paragraph of this lease agreement is severable from all other paragraphs. In the event any court of competent jurisdiction determines that any paragraph or subparagraph is invalid or unenforceable for any reason, all remaining paragraphs and subparagraphs shall remain in full force and effect. 9. Interpretation. This lease agreement shall be interpreted according to and enforced under the laws of the State of Arkansas. 10. Renewal of Lease. Lessee may at its option renew and extend the term of this lease at the expiration of the 30 year lease period for an additional term of twenty (20) years upon the same terms and conditions contained herein for the sum of One Dollar ($1.00) . Said renewal must be given by notice in writing 90 days prior to the expiration of said term. 11. LESSEE shall , at the expiration of this lease, give peaceable posses sion of the premises to the LESSOR and LESSOR shall have the right to force- LW ably take possession if LESSEE should refuse to abandon or vacate the premises upon the expiration of said lease or expiration of any extention in unity. 12. That no assent, expressed or implied, by LESSOR to any breach of the LESSEE'S obligations, duties or covenants shall be deemed to be a waiver of any succeeding breach of the same or other obligation, duty or covenant. 13. If LESSEE shall neglect or fail to perform any of its covenants the LESSOR may, immediately or at any time thereafter, after 90 days notice, enter the premises and repossess the same as of its former estate and expel the LES- SEE, but without any prejudice to any remedies which might otherwise be used by LESSOR for any breach of LESSEE'S covenants. 14. Whenever notice is required in this lease, it shall be in writing and