2000_0828_packet - Laserfiche WebLink

Home

20. HOLDING OVER. Any holding over by Tenant or any Lessor authorized assignee or subtenant of Tenant beyond the expiration of the Term shall give rise to a tenancy from month to month at the same rent payable during the last month of the Term and all other provisions of this Lease shall continue. 21. OWNERSHIP OF IMPROVEMENTS. Upon termination of this Lease, the Facilities, and all improvements, additions, and fixtures made on the Property shall automatically and without further act of the Lessor or Tenant become the property of the Lessor and title shall vest in the Lessor free and clear of all liens and encumbrances and without payment therefor by the Lessor. Tenant shall retain ownership of furnishings and equipment other than fixtures. Tenant shall, upon request of the Lessor, promptly execute and deliver to the Lessor a deed or such other appropriate instrument of conveyance as the Lessor may deem necessary or desirable to evidence or confirm the vesting of title to the Facilities in the name of the Lessor, in recordable form reasonably satisfactory to the Lessor. 22. SUBORDINATION. The Lessor's interest in the Property shall not be subordinated to any mortgage or any other security or interest. 23. NOTICES. All notices and other communications to be given hereunder by either party shall be in writing and shall be mailed, postage prepaid, by first class, certified, or registered mail, return receipt requested, to the other (and the date of any notice by certified or registered mail shall be deemed to be the date of certification or registration thereof), delivered or- addressed to the parties as follows: AS TO TENANT: Wildlife Rehabilitation Center of Minnesota Attn: Executive Director 1946 Fitch Avenue P.0 Box 8141 St. Paul, MN 55108-0039