Res 1976-049 - Laserfiche WebLink

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-4- ,. 1 In the event either party should violate any term or provision of this lease, the party not in fault shall give the defaulting party notice thereof, and if such default complained of shall, in fact, constitute default hereunder, and unless the same is not corrected within fifteen (15) days after the date of receipt of such written notice, then the party not in default shall have the option to terminate this agreement, and in the event of such termination Lessee shall return the leased premises to Lessor in as good con- dition as at the beginning of this lease, except for ordinary depreciation, and except for any changes brought about by weather condition, harvesting of crops and other conditions beyond Lessee's control. ' In the event Lessor terminates this contract under the provisions of this paragraph, Lessor shall account to Lessee for any agricultural products growing at the time of such termination, less any damages or expenses incurred by Lessor in tending, harves- ting and marketing the same, such accounting to occur at the time any such crops are marketed, and Lessor agrees to ma;rket said crops as promptly as that can be done. Lessor shall have, and is hereby given and granted, a first and superior lien upon all agricultural crops raised and produced on the premises, owned by Lessee, to secure the payment and performance of all obligations to be paid and/or performed by Lessee hereunder. It is further understood and agreed that Lessor may with 60 days notice in writing to Lessee terminate this' lease in respect to any part of any Tract to be devoted to higher valued, non-agricultural uses. Upon termination of this lease as to any part of any trac't for any reason (other than default by Lessee), Lessee shall be reim- bursed for that portion of the annual rent paid which corresponds to the percentage of the annual period for which the lease was bO!r- minated multiplied by the product of the number of acres as to which the lease was terminated and the annual per acre cash rent for that tract (as determined by Part VII of this agreement). Lessee shall also be reimbursed for any loss suffered thereby, such as loss of standing crops other than grasses, or loss of fences or other improve- ments, from such a termination of the lease by Lessor. 1 X. Save and Keep Harmless Lessee agrees to save and keep harmless the Lessor from any and all claims for damages of any nature whatsoever due to any negli- gence of lessee or his employees in the operation of the leased premises. XI. Conservation Practices Lessee agrees to operate all the lands described by this lease agreement in such a manner as to preserve and maintain and improve 'the structure and fertility of the soil by using only farming prac- tices recommended by the Soil Conservation Service of the United States Department of Agriculture or some other agency of equal stature. XII. Other Terms and Conditions 1 It is understood that once this bid is open, accepted, and signed by Lessor this agreement forms a contract that will bind both parties to all terms and conditions stated therein for the entire duration of this lease agreement. Any modifications of this agree- ment shall be in writing and signed by the parties to this agreement or their legal representatives.