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FULL PACKET_2008-11-17
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FULL PACKET_2008-11-17
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1/3/2012 4:26:33 PM
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11/12/2008 2:32:21 PM
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E. Loss Payee: "It is further agreed that if property insurance is included on the attached certificate, the <br />Orange County Flood Control District shall be the loss payee on this policy. (boss Payee Endorsement <br />required for Property.) <br />T[ [IS 1.I ASI StIAI,1, At!'1 OMt\'l'ICAI,I.Y '1'1?R'vIINA'1'1; AT TI IF SAME TIME THNANT'S <br />INSURANCE COVERAGE IS'1'ERMINATE.D. 11; WITHIN l() DAYS AFT R TERMINATION <br />UINDER THIS C LALTS1, TENANT OBTAINS AND PROVIDES EVIDENCE OF THE REQUIRED <br />INSURANCE COVE RAGE ACCEPTABLE TO DIRECTOR, THIS LEASE MAY BE REINSTATED, <br />Kr THE, SOLE DISCRETION OF DIRECTOR. IF RI INSTATI D, 'I'ENAN'I` SIIA.I.I., PAY $200 TO <br />COVER TI IE PROCESSING COSTS INCURRED BY DISTRIC'T'. <br />TENANT agrees that TENANT shall not operate on the Premises at any time the required insurance is not in <br />full force and effect as evidenced by a certificate or official binder being in the possession of Director. In no <br />cases shall assurances by FENANT, its employees, agents, including any insurance agent, be construed as <br />adequate evidence of insurance. TL NANI' also agrees that upon cancellation, termination, or expiration of <br />TENANT'S insurance, that DISTRICT may take whatever steps are necessary to interrupt any operation <br />from or on the Premiscs until such time as the Lease is reinstated by the Director. <br />TENANT further agrees to hold DISTRICT harmless for any damages resulting from such interruption of <br />business including but not limited to damages resulting from any loss of income or business resulting from <br />DISTRICT'S action. <br />Director expressly retains the right to require TENANT to increase or decrease insurance ofany of the <br />above insurance types throughout the, term of this Lease.. Any increase or decrease in insurance will be <br />deeme-d by County of Grange Risk Manager as appropriate to adequately protect DISTRICT. <br />Director shall note fy 'T'ENANT. in writing of changes in the insurance requirements. If TENANTdoes not <br />deposit copies of acceptable certificates of insurance and endorsements with DISTRICT incorporating such <br />changes within thirty days of receipt of such notice, this Lease Agreement may be in breach without further <br />notice toTENANT, and DISTRICT shall be entitled to all legal remedies. <br />The procuring of such required policy or policies of insurance shall not be construed to limit T'ENANT'S <br />liability hereunder nor to fulfill the indemnification and hold harmless provisions and requirements. <br />TENANT liability is limited to the availability of the insurance in the marketplacc at the time the Lease is <br />executed by DISTRICT. <br />Ih. ASSIGNING, SUBLETTING, AND ENCUMBERING PROHIBITED (PME73S) <br />Any mortgage, pledge, hypothecation, encumbrance, transfer, sublease, sublease amendment, or <br />assignment (hereinafter in this clause referred to collectively as "Encumbrance") of TENANT'S interest in <br />the Premises, or any part or portion thereof, is prohibited. Any attempted Encumbrance shall be null and <br />void and shall confer no right, title, or interest in or to this Crease.. <br />If the TENAN'T' hereunder is a corporation or an unincorporated association or partnership, the <br />Encumbrance of any stuck or interest in said corporation, association, or partnership in the aggregate <br />exceeding twenty-five percent (25'!0) shall be deemed an assignment within the meaning of this clause. <br />ti:Frt€a Ana River C'I airee': (E ii I -R € Sj2) <br />17"' Street l'riaalvie I.eww (R1 1' 10.29.2(X)8.) <br />20C-11
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