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UNION PACIFIC RAILROAD COMPANY - 1999
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UNION PACIFIC RAILROAD COMPANY - 1999
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1/3/2012 1:53:41 PM
Creation date
6/11/2007 2:02:58 PM
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Contracts
Company Name
UNION PACIFIC RAILROAD COMPANY
Contract #
A-1999-177
Agency
Public Works
Notes
Map - See file
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or other casualty as to render it unfit for occupation or use and cannot, in Lessor's sole opinion, be <br />restored within said ninety~ay period, then Lessee shall have the option, to be exercised within thirty <br />(30) days after occurrence thereof, to either repair or restore the damaged improvement (in which <br />event the terms of the foregoing paragraph shall apply with respect to the application of insurance <br />proceeds), or terminate this Lease effective as of the date of the casualty. The option to terminate, <br />however, shall be subject to all applicable provisions of Section 19 hereof and shall be conditioned <br />upon (a) Lessee's removing from the Premises the damaged improvement, including all appurtenant <br />structures thereto, and all debris resulting from such f re or other casualty, (b) Lessee's paying to <br />Lessor in advance any Rental accruing hereunder to the date of termination, and (c) Lessee's paying <br />to Lessor all unpaid taxes and assessments that may have become a lien against the Premises at <br />the time of such damage or destruction. In the event of such termination, Lessor shall assign to <br />Lessee its interest in all insurance policies covering the improvements and all proceeds therefrom <br />but only after Lessee shall have fully complied with the conditions of termination as stipulated in this <br />paragraph and in Section 19 hereof. <br />Lessor and Lessee hereby waive the provisions of any statutes which relate to termination of leases <br />when leased property is destroyed and agree that such event shall be governed by the terms of this <br />Lease. <br />76. MAINTENANCE AND REPAIR <br />Lessee, at Lessee's expense and to Lessors satisfaction, shall keep and maintain the Premises and <br />all improvements thereon in good repair and in a neat and satisfactory condition, and shall promptly <br />make all repairs and replacements, at Lessee's sole cost and expense, that may become necessary <br />to the Premises or improvements thereon, whether structural or nonstructural, ordinary or extraordi- <br />nary, subject to Section 15 above. Lessee expressly waives the benefits of any statute now or <br />hereafter in effect which would otherwise afford Lessee the right to make repairs at Lessors expense <br />(or deduct the cost of such repairs from Rentals due herein) or to terminate this Lease because of <br />Lessor's failure to keep the Premises in good and sanitary order. <br />All notices and signs upon the Premises shall be neat and properly maintained. Lessor shall have <br />the right to enter the Premises at all reasonable times to inspect the same. <br />17. BARRICADES <br />In addition to any barricades, fences or gates which may be specified elsewhere in this <br />Lease, Lessee, is requested by Lessor to install and maintain an eight foot high cyclone type fence <br />satisfactory to Lessor between the Premises and the tracks while this Lease is in effect, all at <br />Lessee's expense and to Lessor's satisfaction. <br />Document 0011 <br />Page 11 of 20 <br />
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