Fillable Maryland Commercial Lease Agreement Form (Page 5 of 7) in pdf

law or equity. Landlord shall use reasonable efforts to mitigate its damages.

16. Quiet Possession.

Landlord covenants and warrants that upon performance by Tenant of its obligations hereunder,

Landlord will keep and maintain Tenant in exclusive, quiet, peaceable and undisturbed and

uninterrupted possession of the Leased Premises during the term of this Lease.

17. Condemnation.

If any legally, constituted authority condemns the Building or such part thereof which shall make the

Leased Premises unsuitable for leasing, this Lease shall cease when the public authority takes

possession, and Landlord and Tenant shall account for rental as of that date. Such termination shall be

without prejudice to the rights of either party to recover compensation from the condemning authority

for any loss or damage caused by the condemnation. Neither party shall have any rights in or to any

award made to the other by the condemning authority.

18. Subordination.

Tenant accepts this Lease subject and subordinate to any mortgage, deed of trust or other lien presently

existing or hereafter arising upon the Leased Premises, or upon the Building and to any renewals,

refinancing and extensions thereof, but Tenant agrees that any such mortgagee shall have the right at any

time to subordinate such mortgage, deed of trust or other lien to this Lease on such terms and subject to

such conditions as such mortgagee may deem appropriate in its discretion. Landlord is hereby

irrevocably vested with full power and authority to subordinate this Lease to any mortgage, deed of trust

or other lien now existing or hereafter placed upon the Leased Premises of the Building, and Tenant

agrees upon demand to execute such further instruments subordinating this Lease or

attorning to the

holder

of any such liens as Landlord may request. In the event that Tenant should fail to execute any

instrument of subordination herein required to be executed by Tenant promptly as requested, Tenant

hereby irrevocably constitutes Landlord as its attorney-in-fact to execute such instrument in Tenant's

name, place and stead, it being agreed that such power is one coupled with an interest. Tenant agrees

that it will from time to time upon request by Landlord execute and deliver to such persons as Landlord

shall request a statement in recordable form certifying that this Lease is unmodified and in full force and

effect (or if there have been modifications, that the same is in full force and effect as so modified),

stating the dates to which rent and other charges payable under this Lease have been paid, stating that

Landlord is not in default hereunder (or if Tenant alleges a default stating the nature of such alleged

default) and further stating such other matters as Landlord shall reasonably require.

19. Security Deposit.

The Security Deposit shall be held by Landlord without liability for interest and as security for the

performance by Tenant of Tenant's covenants and obligations under this Lease, it being expressly

understood that the Security Deposit shall not be considered an advance payment of rental or a measure

of Landlord's damages in case of default by Tenant. Unless otherwise provided by mandatory non-

waivable law or regulation, Landlord may commingle the Security Deposit with Landlord's other funds.

Landlord may, from time to time, without prejudice to any other remedy, use the Security Deposit to the

extent necessary to make good any arrearages of rent or to satisfy any other covenant or obligation of

Tenant hereunder. Following any such application of the Security Deposit, Tenant shall pay to Landlord

on demand the amount so applied in order to restore the Security Deposit to its original amount. If

Maryland Commercial Lease Agreement Form Page 5