11. TAXES. (check one)
☐ - Lessee shall pay for their portion of real estate taxes associated with the Premises.
This responsibility shall only be deemed valid if the Lessor owns the Premises or the
Lessor is responsible for the real estate taxes in their rental agreement with the landlord.
☐ - Lessor shall pay for all taxes associated with the Premises.
12. INDEMNITY BY LESSE. Lessee covenants and agrees to hold the Lessor harmless from any
and all loss, claims, damage, and liability to any person or property occurring upon or about the
premises from any cause whatsoever.
13. DEFAULT BY LESSEE. If Lessee shall default in any covenant or agreement to be performed
by Lessee under this lease, and if after written notice has been sent by Lessor to Lessee, such
default shall continue for a period of _____ days, or if the leasehold interest of Lessee shall be
taken on execution or other process of law or if Lessee shall petition to be or be declared bankrupt
or insolvent according to law or make any conveyance or general assignment for the benefit of
creditors or if a receiver be appointed for Lessee’s property and such appointment is not vacated
and set aside within _____ days from the date of such appointment, or if proceedings for
reorganization, arrangement, composition or other proceedings with creditors be instituted by or
against Lessee, then, and in any of such events, Lessor may immediately or at any time thereafter,
and without further notice or demand, enter into and upon the premises and take absolute
possession of the premises, without such reentry working a forfeiture of the rents to be paid and
the covenants to be performed by Lessee for the full term of this lease. In such events, Lessor may
at Lessor’s election lease or sublet the premises or any part thereof upon such terms and
conditions and for such rent and for such term as Lessor may elect and, after crediting the rent
actually collected by Lessor from subletting against the rentals required to be paid under this lease
by Lessee, collect from Lessee any balance due on the rent required by this lease.
14. ASSIGNMENT & SUBLETTING. Lessee shall not assign this lease or sublet all or any part of
the premises without having first received prior written consent of Lessor, which shall not be
unreasonably withheld.
15. DAMAGES TO OR DESTRUCTION OF PREMISES. If the premises are partially or totally
destroyed or damaged by fire or other hazard, Lessor shall repair and restore the premises as
soon as it may be reasonably practicable to substantially the same condition in which the premises
were before such damage, provided, however, in the event the premises are completely destroyed
or are so damaged that they cannot reasonably be used by Lessee, then this lease may be
terminated by Lessor by serving written notice of such termination upon Lessee.
16. SEVERABILITY. The invalidity of any portion of this Agreement will not and shall not be
deemed to affect the validity of any other provision. If any provision of this Agreement is held to be
invalid, the parties agree that the remaining provisions shall be deemed to be in full force and
effect as if they had been executed by both parties subsequent to the expungement of the invalid
provision.
17. NO WAIVER. The failure of either party to this Agreement to insist upon the performance of
any of the terms and conditions of this Agreement or the waiver of any breach of any of the terms
and conditions of this Agreement, shall not be construed as subsequently waiving any such terms
and conditions, but the same shall continue and remain in full force and effect as if no such
forbearance or waiver had occurred.