Laserfiche WebLink
effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall <br />• not elect to make such repairs which cannot be made within sixty (60) days, this Lease <br />may be terminated at the option of either party. In the event that the building in which the <br />Premises is situated is destroyed to an extent of not less than one-third of the replacement <br />costs thereof, Lessor may elect to terminate this Lease whether the demised Premises be <br />injured or not. A total destruction of the building in which the Premises is situated shall <br />terminate this Lease. <br />17. LESSOR'S REMEDIES ON DEFAULT. If Lessees default in the payment of rent, or <br />default in the performance of any of the other covenants or conditions hereof, Lessor may <br />give Lessees notice of such default and if Lessee does not cure any such default within <br />seven (7) days after the giving of such notice (or if such other default is of such nature that <br />it cannot be completely cured within such period, if Lessees do not commence such curing <br />within such seven (7) days and thereafter proceed with reasonable diligence and in good <br />faith to cure such default), then Lessor may terminate this Lease on not less than ten (10) <br />days notice to Lessee. On the date specified in such notice the term of this Lease shall <br />terminate, and Lessee shall then quit and surrender the Premises to Lessor, without <br />extinguishing Lessees' liability. <br />18. SECURITY DEPOSIT. Lessees shall deposit with Lessor on the signing of this Lease <br />the sum of One Thousand, Six Hundred and 00/100 Dollars (51,600.00) as security for the <br />performance of Lessees' obligations under this Lease, including without limitation the <br />surrender of possession of the Premises to Lessor as herein provided. If Lessor applies any <br />• part of the deposit to cure any default of Lessees, Lessees shall on demand deposit with <br />Lessor the amount so applied so that Lessor shall have the full deposit on hand at all times <br />during the term of the Lease. At the termination of this Lease, or any renewal thereof, <br />Lessor shall return the deposit to Lessees, less any amount lawfully deducted pursuant to <br />the provisions of this paragraph, within ten (10) days of the termination date. <br />• <br />19. ATTORNEY'S FEES. In the event that suit is brought by either party in furtherance of <br />its rights under this Lease, the prevailing party shall be entitled to all costs incurred in <br />connection with such action, including a reasonable attorney's fee. <br />20. WAIVER. No failure of Lessor to enforce any term hereof shall be deemed to be a <br />waiver. <br />21. NOTICES. Any notice which either party may or is required to give shall be given by <br />mailing the same, postage prepaid, to the following and, unless otherwise provided for <br />herein, shall be deemed given as of the date postmarked in the United States mail to the <br />following addresses or at such other addresses as are specified by written notice delivered <br />in accordance herewith. <br />To Lessor: Black Sheep Holding <br />Attn: Gary and Beverley Garbaccio <br />4 <br />