<br />e
<br />
<br />e
<br />
<br />J '
<br />
<br />-9...
<br />
<br />..
<br />.....
<br />
<br />any default before canc~llation, except that no notice shall be
<br />required for failure to .pay any installment of rental as herein
<br />
<br />provided. In the event t~atLESSEE fails to corre~t any such
<br />defa~l,t during such ,sixty '(60) day..period, LESSOR, its agents
<br />
<br />or attorneys" shall, hav.e,; ,the right, to re-enter and remove all'
<br />persons therefr~m wi th?ut being deemed guil'ty, of any manner of
<br />trespass, and without prejudice to any.remedies for arrears of
<br />
<br />rent or, breach' of covenant, or LESSOR, its age~ts or ,attorneys,
<br />, ,
<br />
<br />may resume possession' of the premises and 're-let the same for
<br />
<br />the remainder, of the 'term fo,r. the best rental it may ,obtain, for
<br />
<br />~
<br />.,
<br />
<br />account of LESSEE,' which shall make good any deficiency. In
<br />addition to all buildings and. permanent improvements placed on
<br />said Airport by LESS,EE becom~ng' the property of, the LESSOR,
<br />LESSOR shall have a lien as security, for the rent aforesaid upon
<br />
<br />all the impr~vements, additions, equipment and other personal
<br />property which'LESSEE may place on and,in the leased.premises.
<br />
<br />I'
<br />
<br />The failure of the LESSOR to ,insist in anyone or more instances
<br />
<br />I .. '
<br />upon perfprmance of 'any' of the ,terms, or conditions 'of this lease
<br />
<br />shall not be construed as a waiver or relinquishment of the future
<br />perfo~mance of'any such term or condition.
<br />
<br />XIX.
<br />
<br />.-
<br />
<br />Upon the termination of 'this lease (which, termination 'is not
<br />
<br />..........
<br />
<br />by reason ~f failure on the par.t of the LESSEE to,.perform a~y of
<br />the terms, agreements, conditions and covenants imposed by this
<br />
<br />lease), it is understood and agreed between the parties that
<br />
<br />their rights, as to any permanent improvements erected on the
<br />field by LESSEE, shall be as follows:
<br />
<br />Any permanent improvements erected on the l.eased premises
<br />
<br />by LESSEE shall be the property of LESSEE. ' It is further agreed
<br />that LESSOR shall ,have a first option to purchase said improve-
<br />
<br />, ,
<br />
<br />merits from LESSEE. ,For the purpose. of arriving' at the value of
<br />such improvements for sale purposes, LESSEE and LESSOR shall each
<br />
<br />-,
<br />
<br />i'
<br />
|