Fillable Illinois Commercial Lease Agreement (Page 5 of 5) in pdf

_________________________________________________________________________________________.

30.

NOTICES. Any notice hereunder shall be sufficient if sent by certified mail, addressed to Lessee at

the Premises, and to Lessor where rent is payable.

31.

SUBORDINATION. This Lease shall be subordinate and inferior at all times to the lien of any

mortgage and to the lien of any deed of trust or other method of financing or refinancing now or hereafter existing

against all or a part of the real property upon which the premises are located, and to all renewals, modifications,

replacements, consolidations and extensions thereof. Lessee shall execute and deliver all documents requested by any

mortgagee or security holder to effect such subordination. In the event of a sale or assignment of this Lease or of

Lessor’s interest in the Premis es or the building in which the Premises are a part, are transferred to any other person

because of a mortgage foreclosure, exercise of a power of sale under a mortgage or otherwise, Lessee shall attorn to the

purchaser or such mortgagee or other person and recognize the same as Lessor hereunder.

32.

SUCCESSORS. The provisions, covenants and conditions of this Lease shall bind and inure to the

benefit of the legal representatives, heirs, successors and assigns of each of the parties hereto, except that no

assignment or subletting by Lessee without the written consent of Lessor shall vest any rights in the assignee or

sublessee of Lessee.

33.

QUIET POSSESSION. Lessor agrees, so long as Lessee fully complies with all of the terms,

covenants and conditions herein contained on Lessee’s part to be kept and performed, Lessee shall and may peaceably

and quietly have, hold and enjoy the Premises for the Term aforesaid, it being expressly understood and agreed that the

aforesaid covenant of quiet enjoyment shall be binding upon Lessor, its heirs, successors or assigns, but only during

such party’s ownership of the Premises. Lessor and Lessee further covenant and represent that each has full right,

title, power and authority to make, execute and deliver this Lease.

34.

BANKRUPTCY. Neither this Lease nor any interest therein nor any estate hereby created shall pass

to any trustee or receiver in bankruptcy or to any other receiver or assignee for the benefit of creditors by operation of

law or otherwise during the Term or any renewal thereof.

ENTIRE AGREEMENT. This Lease contains the entire agreement between the parties, and no

35.

modification of this Lease shall be binding upon the parties unless evidenced by an agreement in writing signed by

Lessor and Lessee after the date hereof. If there be more than one Lessee named herein, the provisions of this Lease

shall be applicable to and binding upon such Lessees, jointly and severally.

ESTOPPEL CERTIFICATES. Lessee shall at any time upon not less than ten (10) days’ prior written

36.

notice from Lessor execute, acknowledge and deliver to Lessor or to any lender of or purchaser from Lessor a statement

in writing certifying that this Lease is unmodified and in full force and effect (or if modified stating the nature of such

modification) and the date to which the rent and other charges are paid in advance, if any, and acknowledging that

there are not, to Lessee’s knowledge, any uncured defaults on the part of Lessor or specifying such defaults if any are

claimed. Any such statement may be conclusively relied upon by any prospective purchaser or encumbrancer of the

Premises or of the business of Lessor.

37.

AGENCY DISCLOSURE. See attached addendum.

IN WITNESS WHEREOF, said parties hereunto subscribed their names. Executed in _________________ originals.

Lessor

Lessee

___________________________________________

____________________________________________

By:________________________________________

By:_________________________________________

Title:_______________________________________

Title:________________________________________

Date:_______________________ Time:__________

Date:________________________ Time: ___________

Illinois Commercial Lease Agreement Page 5

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