Fillable Standard Commercial Lease Template (Page 11 of 15) in pdf

Standard Commercial Lease Template Page 11

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possession and reletting the same, which difference shall either (a) accrue and be payable

monthly, or (b) be accelerated and become payable at once, at LESSOR'S sole option.

20.4. No actions taken by LESSOR after LESSEE'S default shall be construed as

indicating a termination of this Lease. This Lease shall remain in full force and effect and shall

not be terminated unless LESSOR so elects in writing.

20.5. At LESSOR'S election, LESSOR may cure any default of LESSEE by

expending money, contracting for the making of repairs, purchasing insurance, or by any other

actions. If LESSOR takes any such actions, LESSEE will promptly, upon demand, reimburse

LESSOR for all of LESSOR'S expenses. All such expenses shall bear interest from the dates

they are incurred until the dates they are paid, at a rate of 10 percent (10%) per annum.

20.6. LESSOR shall be entitled to recover from LESSEE all of LESSOR'S

expenses in exercising any of its rights under this Lease, including without limitation LESSOR'S

reasonable attorney's fees.

20.7. All of LESSOR'S remedies are cumulative, and may be exercised

successively or concurrently, at LESSOR'S election.

21.

WAIVERS: Any waiver, consent or approval on the part of LESSOR must be in

writing, and shall be effective only to the extent specifically set forth in the writing. No delay or

omission by LESSOR in the exercise of any right or remedy with respect to any one occasion

shall impair LESSOR'S ability to exercise the right or remedy in the same or on another

occasion.

22.

NOTICES: All notices or other communications shall be in writing signed by

the sender, and shall either be (a) personally delivered or (b) mailed by certified mail, at or to the

following addresses:

LESSOR:

LESSEE:

Standard Commercial Lease Template Page 11

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