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Lessor of rel\tor the turt of the Breach which 1rima1ed the operatfon al thls parasraph shall not bt deemed a waiver by leuor ol the prcwlslons of thls paraaraph unless s!)(:ldheally so stated In writing by Lessor at the t1me of suth acceptanc.e. U.4 late Charges, le,See hereby atknowledgcs that late payment by Lessee of Ren\ wlll "'use Lesso, to lntur cosl.S not �ntemplated bythls Le ase, the exactamount of which win be e11treme ly difficult to asan taln. Such ooru Include, but are not llmlted to, proceuln& and auountlna eha,get, and late charees which mwbe lmpcsed upon Lessor by any Lender, Ac:cordlngly, II any Aent shall not be rece\vtd b, U!norwl\hln 5 days after wch amountshaP be-due, thtn, without anv requirement for notice to Le ssee, LesseeshaU lmmedlatety pay to U!ssor a one-ttmelate charge equal to 10" of each such OY!rdue amount or $100, whichever b greater. 1he Pa nias hereby agree that such late ch use represer'lts a fair and NIBSonable estimate oft he costs Leuorwlll Incur by rea$0tl l)fsuch late payment. Acceptance of such !ate charge by Lessor shall In no event constitute a walwt of leuee's Oefautt or Brtadi wtth mpect to such overdue: amoul\t, nor prevent the
<br />I exercise of any of th& other rlahts and ,emedles aranled heruunder. In Iha 1111.W \hit a la,, cllaFf!,a 11 pay�blt lltN••Rdtt, tt+Mh,r or AOt c�last.t, fQr a Q&!An;wlilw 1Amllmaf1 ,c of llan Ran-, tlmi 11olo◄-h11udlP9 JP'f ppgorl1kln gf 1�1, 1•111 lo\ha cerurafV, tu, Rini ihal� a�11uor'1 op�on, b1wm1 duaand pai1tblt qwaRoslr: IA ........ 13,S lnterttt. My monetary payment due Le sso r hereunder, other than late chtrges, not ,ece lved by Lffl.or, when due shall bear Interest from the llSt day after It was due, The Interest rrnterast�l charged !hall be computed at the ratt of 1oKper annum but shall not eKCeed the maximum rate ahowe.dby law. Interest Is payable In addition ro the potential la\t dmgeprovlded for In PJraaraph 13,4, 13,6 Brt1ch b, lessor. (a) Notkt ofBretch, IA.Hor shall not bl deemed ln breach ofthls Le11e unleu Lessor Falls with.I n • reasonable t1me lo parform an obl laatlon ,equlred to be performed byle5$0t. For purposes of this Paraa,aph, a rea,onable time shall In no event be lds than 30 days after tecetpt by Lem,. and any Lender whose name and address shall have been furnlthtd to Lent e In writing for such purpose, af wtltten notice spec:1,Vlng whtl'eln sudl obllaatlonof Less or has not been performed; provided, howeve r1 that If the-nature of Lessor's obllptlon Is such um mare than 30days are reasoitably required for Its perfo rmanceA than Lessor sh11II not be In breach If perfor mance Is commente� within such 30 day tMrlod arHI thert1fter dlllgenttvpu.rsued tocomplttlon. (b) Perlormance by Let.see on Behalf of l.essor. In the event that neither Lessar not Lender cures said broth within 30 days after reailpt of said noltte, orll MVlnt commented said cum thev do not dlllaentlv f'Qrsue lttocomplatton, then 1Asw11 may electto eura sald b,each at lessea1s expense and offset from Rent tile actual and re asonabl4 �" to perform sudleure, provided, however, th•tsuch offset shall not exceed an amount equal to the greater of one month's ease Rent ot the Security Deposit, re-setv1n1 le$St1e', rlaht to seek reimbursement fro m Lessor for anvsuch expense In eKat$$OI such offset. 1.esseeshad document the cost of said cure and supply Hid documentatton to Lessor. 14, Condemn etton, If the Pre mises o, any portion there.of are taken uRdet the power of eminent domain or sold under the threat of the exettllt of said powtr (oolleatvely "Condemnat1on"l, this Lease sballtermlnate as to the part taken as af the date the C1Jndemnlngauthorltytakes Htleor poS$t.SSlott, whichever first occurs. If more than 101' of the Bulldln& or more than 25% of that portion of the Premises not occupied by any bulldln& ls taken byCondemna.tton, Ulssee may, at Lessee's. option, to btwirclsed In writfna wtthln to days after Lessor shall have given Lessee written notice of such taklna (ar In the abM?nce ofsueh ootft&, within 10 days after the condemnlngauthorlt.v shall have lakeo posseulon) termlnatti lhl$ Lease as.of the date the condamn!ns authority takH SU<:h possession. If le�see doet not terminate this Le:asetn aa:ordance with the foreaolne, this Lease shah «1maln In full fottaand effect as to the portion of the Prorl\lses remalnlr,e.etcept that the btse RentshaU be reduced In proportion to the rtductfon In udllty of the Premlses ceused by such Condemnation. Condemnation awards and/or p-ments shall be the property of les sor. whethe, such award shill be made as compensation for d iminution In ¥alue of the leasehold, the value or the part raken, or for smrance damages; prov ided, however, that Ltssee shall be entitled to any compensatfon paid by the condemnor for Lessee's rtloc:at1on expenses, Ian af business goodwill and/or Tr ade flKtures, Without resard towhelher or not this Lt:i st Is terminated pursuant to the provisions of this Parigtaph, AUAltetattons and Utility Installations. mada to the Premlsts by lessee, fa r put90ses of Condemnatton onlv, shall be cons idered the property of the Lessee and Lessee shall be tt1tltled to any and all co mpensadtm which ls payable ther1(1ir. fn the Mnt that this Lease Is not tarmlnatad by reason of the Condemnatfon, lessor shall tepalr "IIY damage to the Premlses caused by such Conde mnation.
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<br />INITIAlS © 2019AIR CRE. All Rights Re,erved, STN-27 ,30, Revi sed 11•2S·2019 Last Edited: 2/25/2021 9:53 AM Page ll of 16
<br />EXHIBIT 1
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