|
Section 6.04. Lender as Includin Subsequent Security Holder
<br />The term "Lender" as used in this lease shall mean not only the institutional lender that loaned money
<br />to Tenant and is named as beneficiary, mortgagee, secured party, or security holder in the Security Instrument
<br />creating any Leasehold Encumbrance, but also all subsequent purchasers or assignees of the leasehold interest
<br />secured by the Leasehold Encumbrance.
<br />Section 6.05. Two or More Lenders
<br />In the event two~or more Lenders each exercise their rights under this lease and there is a conflict that
<br />renders it impossible to comply with all requests of Lenders, the Lender whose Leasehold Encumbrance
<br />would have senior priority in the event of a foreclosure-shall prevail.
<br />Section 6.06 Obligations of Foreclosing Lender
<br />In the event that a Lender forecloses any or all of Tenant's rights or interest under this Lease, said
<br />Lender shall be deemed an assignee of this Lease, and. subject to all it terms and provisions as though it were
<br />Tenant.
<br />ARTICLE 7
<br />REPAIRS AND RESTORATION
<br />Section 7.01. Maintenance by Tenant
<br />At all times during the term of this lease Tenant shall, at Tenant's own cost and expense, keep and
<br />maintain or cause to be maintained the Premises and all Improvements on the Premises and the Gonzalez property
<br />(including but not limited to the Community Center) in good working order, condition and appearance. Tenant
<br />shall make all reasonable and necessary repairs, replace broken, damaged or worn structural components or
<br />fixtures so as to keep the Community Center in a safe, usable condition, and perform housekeeping operations as
<br />required, so as to keep the premises and Improvements clean, attractive and free from the accumulation of any
<br />litter, garbage, debris or waste material.
<br />If; at any time, Tenant fails to maintain or cause to be maintained the Premises as required by this section,
<br />and said condition is not corrected after the expiration of a reasonable period of time not to exceed thirty (30) days
<br />from the date of written notice from Landlord, Landlord may perform the necessary maintenance and Tenant shall
<br />pay all costs incurred for such maintenance.
<br />Section 7.02. Requirements of Governmental A eg ncies
<br />At all times during the term of this lease, Tenant, at Tenant's own cost and expense, shall do all of the
<br />following:
<br />A. Make all alterations, additions, or repairs to the Premises or the Improvements on the Premises
<br />required by any valid law, ordinance, statute, order, or regulation now or hereafter made or issued by any
<br />federal, state, county, local, or other governmental agency or entity;
<br />B. Observe and comply with all valid laws, ordinances, statutes, orders, and regulations now or
<br />hereafter made or issued respecting the Premises or the Improvements on the Premises by any federal, state,
<br />county, local, or other governmental agency or entity;
<br />C. Contest if Tenant, in Tenant's sole discretion, desires by appropriate legal proceedings brought
<br />in good faith and diligently prosecuted in the name of Tenant, or in the names of Tenant and Landlord when
<br />appropriate or required, the validity or applicability to the Premises of any law, ordinance, statute, order, or
<br />
|