No. 2065 approving acquisition of real property to facilitate the studebaker national museum relocation project and approving the execution of a ground lease and other related documents associated with studebaker museum relocation project (SBCDA)

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off with Ground Lessor's consent, Ground Lessee shall pay rent at the rate of One Thousand and no /100 ($1,000.00) Dollars per year thereafter, payable in advance, with such rental rate to increase by three percent (3%) per annum each year thereafter. 6.2 Ground Lessor's Rights. In the event Ground Lessee fails to comply with the terms of Section 6.1 in a timely manner, Ground Lessor shall have included in its remedies the following: (i) The right to declare all rights of Ground Lessee to the Improvement terminated and to then take possession of the Improvement (including all structures, fixtures and improvements) free of any rights of the Ground Lessee; (ii) The right to declare all rights of the Ground Lessee to the Improvement terminated and to demolish the Improvement and restore the Ground Lease Premises and the NIHS Property and Center for History as otherwise provided for in Section 6. 1, with the Ground Lessee being fully responsible for all costs and expenses incurred in connection therewith by the Ground Lessor. In the event of such demolition by Ground Lessor, it shall have no duty or obligation to in any way repair, restore or close off the Studebaker Museum to which the Improvement is connected; and (iii) right ( ) The right to close off the Improvement from the Center for History, with the Ground Lessee being solely responsible for all costs incurred by Ground Lessor for the same, and to continue to treat the Ground Lessee as a tenant at sufferance pursuant to which the Ground Lessee shall be obligated to pay a rental equal to One Thousand Five Hundred Dollars ($1,500.00) per month in advance until Ground Lessee satisfies all obligations under Section 6.1 and 6.2. The payment obligation and receipt of such payments by Ground Lessor shall not limit, waive or qualify Ground Lessor's rights to enforce, at any time, any provisions of the Ground Lease, including the other rights under this Agreement, including those in this Section 6.2 hereof. 6.3 Abandonment. Any personal property owned by Ground Lessee which shall remain on the Ground Lease Premises after expiration of the Term shall, at the option of Ground Lessor, be deemed to have been abandoned and may be retained by Ground Lessor and the same may be disposed of without accountability in such manner as Ground Lessor may see fit. Section 7. GROUND LESSOR'S INTEREST NOT SUBJECT TO CERTAIN LIENS. C1 7.1 Discharging Liens. In the event a lien, claim of lien or order for the payment of -4-