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Lease Agreement - SB Human Rights Niles Ave. – MedPro Properties LLC
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Lease Agreement - SB Human Rights Niles Ave. – MedPro Properties LLC
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10/10/2023 10:53:47 AM
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10/10/2023 10:53:40 AM
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Board of Public Works
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Contracts
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10/10/2023
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9 <br />8.LANDLORD'S TITLE. <br />The Landlord's title is and always shall be paramount to the title of the Tenant, and nothing <br />contained herein authorizes the Tenant to do any act which may encumber the title of the <br />Landlord. This Lease is subject and subordinate to all ground and underlying leases, and to <br />all mortgages which may now or hereafter affect such ground and underlying leases, or the <br />real property or Building, of which the Premises form a part, and to all renewals, <br />modifications, consolidations, replacements, and extensions thereof, and to all advances made <br />or hereafter to be made on the security of any such mortgages. Provided, however, that <br />notwithstanding the foregoing, the mortgagee may recognize this Lease and, in the event of a <br />foreclosure sale under such mortgage or conveyance by deed in lieu of foreclosure, this Lease <br />shall continue in full force and effect at the option of such mortgagee or purchaser under any <br />such foreclosure sale or deed in lieu thereof. The Tenant covenants and agrees that it will, <br />upon the written request of such mortgagee or such purchaser, attorn thereto and execute, <br />acknowledge, and deliver any instrument that has for its purposes and effect subordination of <br />this Lease to said mortgage. <br />9.ASSIGNMENT AND SUBLETTING. <br />A.The Tenant may not assign or transfer all or any part of its rights and interests under <br />this Lease, and may not sublet or permit the use and occupancy of all or any part of the <br />Premises, to or by a third party without the prior written consent of the Landlord. The <br />Landlord's consent under this sub-paragraph shall be in its absolute discretion and subject to <br />such conditions as the Landlord may impose. If the Landlord grants its consent, then all <br />consideration paid or to be paid by such third party, including any amounts in excess of the
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