Laserfiche WebLink
5. i Landlord warrants that Tenant shall be granted peaceable and quiet <br />enjoyment of the Premises free from any eviction or interference by Landlord for so long <br />as Tenant pays the rent and other payments provided in this Lease, and otherwise fully <br />performs the material terms and conditions hereunder <br />6. The Tenant promises and agrees that if default be made in the payment of <br />rents or in the performance of any other condition of this lease that this lease may be <br />terminated at; the election of the Landlord. Prior to termination of the leased premises, <br />written notice to the Tenant, from the Landlord shall be given to the Tenant stating the <br />breach of conditions of this lease and the election of the Landlord to so terminate the <br />lease. The Tenant shall be entitled to cure such breach within 10 days of the notice if a <br />breach is for non- payment of rent and within 30 days for any other breach. In the event <br />of such termination, it is understood and agreed that any advance rental payment made <br />herein shall be retained by the Landlord as liquidated damages for the breach of this <br />agreement, in addition to other legal remedies which the Landlord may have for such <br />breach. <br />7. The failure of the Landlord to insist on any one or more instances, upon a <br />strict compliance of any of the obligations, covenants and agreement herein contained or <br />the failure of the Landlord in any one or more instances to exercise any option, privilege <br />or right herein contained shall in no way be construed to constitute a waiver or <br />relinquishment or release of such obligation, covenant or agreement, and no forbearance <br />by the Landlord of any default hereunder shall in any manner be construed as constituting <br />a waiver of such default by the Landlord. <br />8. The parties agree that the Tenant may assign this Lease Option Agreement to a <br />subsidiary or related company. The tenant shall remain responsible for strict compliance <br />of any of the obligations, covenants and agreement herein contained. <br />9. Any written notice called for by the terms of this Lease shall be mailed by <br />certified snail to the respective parties at their addresses given herein. <br />OPTION TERMS <br />In consideration of the Lease of the premises, the Purchaser of the above - <br />described leased premises shall be entitled to an option to purchase the leased premises. <br />10. The purchase price of the property shall be forty Thousand Dollars and <br />No Cents ($40,000:00). <br />11. Each month during the term of the lease the Seller will credit $250.00 of <br />the lease payment as earnest money toward the purchase price. <br />I <br />12. ; The Purchaser shall pay cash or obtain new financing and the balance of <br />the purchase !price shall be paid at closing. <br />i <br />