Res 1988-034 - Laserfiche WebLink

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-5- 2Ø. Default If Lessee fails to pay any fee due under this lease agreement or upon Lessee I s failure to perform any other of the terms of this agreement to be observed or performed by Lessee or if this agreement shall dissolve or pass by law or otherwise to one oth~r than Lessee except as herein provided, then, in anyone or more such events, upon Lessor serving wri tten notice thirty (3Ø) days notice of cancellation upon Lessee specifying the nature of said default, and if, at the expiration of said thirty (3Ø) days, Lessee shall have failed to comply with or remedy such default, then this agreement and the term thereunder, shall, at the option of Lessor, terminate and come to an end on the date specified in such notice of cancellation. And, Lessee shall quit the use of the premises and facilities to lessor as if the term hereunder ended by the expiration of the time fixed herein, and Lessee shall remain liable for any unpaid consideration. If Lessor shall be in default in performing any of the terms or provisions of this agreement required on its part to be performed, and Lessee gives Lessor notice in writing of such default wi thin thirty (3Ø) days after service of such notice, then and in such event, this agreement shall be terminated and cancelled. Termination and cancellation of this agreement is the exclusive remedy of Lessee under this paragraph. IN WITNESS WHEREOF, the City of San Marcos and the Alamo Region Sports Car Club of America, Inc., have caused this lease to be executed on the dates so indicated below. March 8. 1988 Mayor Date: BY: STATE OF TEXAS COUNTY OF HAYS This instrument was acknowledged before me on March 8. 1988 by J. E. Younger .JANIS K. WOMACK Þ,¡Wry P:;blic, ~1»'.e Of ~1 .. CMÍJ A~;:.~C ~GION SPORTS CLUB OF AMERICA BY: Timothy C. O'Neil, Executive Director