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Res 2002-228
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Res 2002-228
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7/3/2006 10:45:50 AM
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City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2002-228
Date
12/9/2002
Volume Book
150
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<br />constitute a waiver of any other default or breach of this Lease. No provision of this Lease shall be <br />deemed waived by Landlord unless evidenced in writing. Landlord's rights and remedies under this Lease <br />shall be cumulative of every right or remedy Landlord may have otherwise at law or in equity, and <br />Landlord's exercise of one or more of the rights of remedies shall not bar or in any way impair Landlord's <br />exercise of other rights and remedies. <br /> <br />31. SUBORDINATION <br /> <br />This Lease and all rights of the Tenant hereunder are subject and subordinate to any deeds of <br />trust, mortgages or other instruments of security which do now or may hereafter cover the building and the <br />land or any interest of Landlord therein, and to any and all advances made on the security thereof, and to <br />any and all increases, renewals, modifications, consolidations, replacements and extensions of any of <br />such deeds of trust, mortgages or instruments of security. This provision is hereby declared by Landlord <br />and Tenant to be self-operative and no further instrument shall be required to effect such subordination of <br />this Lease. Tenant shall, however, from time to time, upon demand, execute, acknowledge and deliver to <br />Landlord any and all instruments and certificates that in the judgment of Landlord may be necessary or <br />proper to confirm or evidence such subordination. However, notwithstanding the foregoing provisions of <br />the Section 3.1, Tenant agrees that any such mortgagee shall have the right at any time to subordinate <br />any such deeds of trust, mortgages or other instruments of security to this Lease on such terms and <br />subject to such conditions as such mortgagee may deem appropriate in its discretion. Tenant further <br />agrees, upon demand by Landlord's mortgagee at any time, before or after the institution of any <br />proceedings for the foreclosure of any such deeds of trust, mortgages or other instruments of security, or <br />sale of the building pursuant to any such deeds of trust, mortgages or other instrument of security, to <br />attorn to such purchaser upon any such sale and to recognize such purchaser as Landlord under this <br />Lease. This agreement of Tenant to attorn upon demand of Landlord's mortgage shall survive any such <br />foreclosure sale or trustee's sale. Tenant shall upon demand at any time or times, or after any such <br />foreclosure sale or trustee's sale, execute, acknowledge and deliver to Landlord's mortgagee any and all <br />instruments and certificates that in the judgment of Landlord's mortgagee may be necessary or proper to <br />confirm or evidence such attornment. <br /> <br />32. ESTOPPEL CERTIFICATES <br /> <br />Tenant agrees to furnish from time to time when requested by Landlord or the holder of any deed <br />of trust or mortgage covering the land and building or any interest of Landlord therein, a certificate signed <br />by Tenant to the effect that this Lease is then presently in full force and effect and unmodified; that the <br />term of this Lease has commenced and the full rental is then accruing hereunder, that Tenant has <br />accepted possession of the Leased Premises and that any improvements required (if any) by the terms of <br />this Lease to be made by Landlord have been completed to the satisfaction of Tenant; that no rent under <br />this Lease has been paid more than 30 days in advance of its due date; that the address for notices to be <br />sent to Tenant is as set forth in this Lease; that Tenant, as of the date of such certificate, has no charge, <br />lien or claim of offset under this Lease or otherwise against rents or other charges due or to become due <br />hereunder; and that to the knowledge of Tenant, Landlord is not then in default under this Lease. The <br /> <br />Page 9 <br />
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