Res 1978-036 - Laserfiche WebLink

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.- . THE STATE OF TEXAS x LEASE AMENDMENT AND ADDENDUM . COUNTY OF HAYS This Amendment is entered into this ~RcI day of ~fjf 1978, by and between the City of San Marcos, hereinafter re- i ferred to as "City" and the San Marcos Area Chamber of Commerce, Incorporated, hereinafter referred to as "Chamber". On October 17, 1977, City and Chamber entered into a Lease Agreement covering the real property described herein in the attached Exhibit "A", and City and Chamber now wish to amend and modify certain provisions of the original lease, as well as add certain provisions, and in all other respects to affirm said lease. This amendment and addendum is in accordance with paragraph XVIII of said lease. I. Chamber intends to finance the construction of certain im- provements and shall have the right to use its leasehold estate in the demised real property and premises as security for a 1 mortgage loan to construct the improvements. City hereby acknowledges and consents to such financing of construction on the condition that no financial burden, present or future, shall be assumed by City, and that no change in use of the demised premises and/or no transfer or assignment of the lease shall be permitted without the written consent of the City. II. City hereby agrees to give to Chamber's mortgagee acopy of each notice of default by Chamber at the same time as any such notice of default shall be given by City to Chamber. The copy of such notice of default shall, in each instance, be deemed duly given to the mortgagee when deposited at any united States Post Office, - ,i_ sent Certified or Registered Mail, Return Receipt Requested, and addressed to the mortgagee at its business address.