Agmt05 Watson, et al vs RWC - Laserfiche WebLink

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Page 5 Lease Agreement 20: NOTICES: Any notice which either party mayor is required to give, shall be given by mailing the same, postage prepaid, to Lessee at the premises, or Lessor at the address specified above, or at such other places as may be designated by the parties from time to time. 21: HEIRS, ASSIGNS, SUCCESSORS: This lease is binding upon and inures to the benefit ofthe heirs, assigns and successors in interest to the parties. 22: OPTION TO RENEW: Provided that Lessee is not in default in the perfonnance of this lease, Lessee shall have the option to renew the lease for an additional term of (3) Three Years commencing at the expiration of the initial lease term. All ofthe tenns and conditions of the lease shall apply duñng the renewal tenn except that the monthly rent shall be set by the Lessòr at end of this lease agreement. The option shall be exercised ONL Y by written notice given to Lessor not less tlW.n 60 days prior to the expiration of the initÌallease term. If notice is not given in the manner provide herein within the time specified, this option to renew shall eKpire automatically. 23. SUB 0 RD IN A TI 0 N: This lease is and shall be subordinated to all existing and future liens and encumbrances against the property. 24: SIGNS: Lessee shall not place, maintain, nor permit any sign or awning on any exterior door, wall, or window of the premises without the express written consent of Lessor, which shall not be unreasonably withheld. It is understood that any signor awning installed by Lessee shall be removed at the request of the Lessor and premises repaired at Lessee's sole expense. . , 25: ABANDONMENT OF PREMISES: Lessee shall not vacate or abandon the' premises at any time during the term ofthe lease. If Lessee does abandon or vacates the premises, or is dispossessed by process oflaw, or otherwise, any personal property belonging to Lessee left on the premises shall deemed to be abandoned, at the option of Lessor. 26. TRADE FIXTURES: Any and all improvements made to the premises during the tenn will belong to the Lessor, except trade fixtures of the Lessee. Lessee may, upon. tennination, remove all trade fixtures, by written consent of Lessor and shall pay all costs necessary to repair any damage to premises occasioned by the removal. If fixed partitions or workstations are installed by or for lessee, lessee shall pay all removal costs and labor to return premises to original condition, if at the request of Lessor at time oftermination of this lease. In that event, a separate "security deposit" will be required in a reasonable amount to be detennined at time of installation. Lessee shall be responsible for removal of any waste or hazardous materials and shall hold the Lessor harmless, defend and indemnify Lessor in any action resulting from waste or hazardous material found on the property occasion~d during the term 0 f this lease. ~. ,~ Jð .--r"'-.'""-"T."