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Res 1992-148
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Res 1992-148
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7/12/2007 2:45:29 PM
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7/12/2007 2:45:29 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1992-148
Date
12/14/1992
Volume Book
109
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<br /> 2.3 t<. <br /> -19- <br /> Landlord. Any surplus shall be paid to Tenant, and Tenant agrees <br /> to pay any deficiency forthwith. Alternatively, the lien hereby <br /> granted may be foreclosed in the manner provided by law for <br /> foreclosure of chattel mortgages or in any other form provided by <br /> law. The statutory lien for rent is not hereby waived, the express <br /> I contractual lien herein gra~ted being in addition and supplementary <br /> thereto. <br /> ARTICLE XIX. HOLDING OVER <br /> 1.9.01. In the event Tenant remains in possession of the <br /> Demised Premises after the expìration of this lease and without the <br /> execution of a new lease, it shall be deemed to be occupying said <br /> premises as a tenant from month to month at a rental equal to the <br /> ~ <br /> rental herein provided plus twenty (20)percent of such amount, and <br /> to be otherwise subject to all the conditions, provisions, and <br /> obligations of this elapse insofar as the same are applicable to a <br /> month to month tenancy. <br /> ARTICLE XX. SUBORDINATION <br /> 20.01. Tenant accepts this lease' subject and subordinate to <br /> any mortgage, Deed of Trust, or other lien presently existing on <br /> the Demised Premises or the Shopping Center as a whole, and to any <br /> renewals and extension thereof; but Tenant agrees that any such <br /> mortgagee shall have the right at any time to subordinate such <br /> mortgage, Deed of Trust or other lien to this lease. Landlord is <br /> hereby irrevocably vested with full power and authority to <br /> subordinate this lease to any mortgage, Deed of Trust, or other <br /> lien hereafter placed ont he Demised Premises or the Shopping <br />
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