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'i <br /> I j <br /> Lessee understands that Lessor is leasing the premises from the City of P;equot Lakes a <br /> Minnesota Municipal Corporation. If the Lease Agreement between the City of pequot Lakes A d <br /> i <br /> Lessor is terminated,the obligations of Lessor and Lessee pursuant to this Lease shall terming' . <br /> TAXES. <br /> Lessor shall pay all real estates taxes on said premises. <br /> 0. DEFAULT• <br /> I <br /> i If default should be made in any of the covenants of this Lease,Lessor or his or her 1 al <br /> representatives may, immediately or at any time thereafter, take possession of said prop , <br /> wherever it may be found,forcibly,if necessary,without being deemed guilty of any manner of <br /> trespass,and without thereby rendering itself liable to refund any sums received as rent as aforesa id, <br /> and thereupon this Lease shall terminate,but without prejudice to any remedies which Lessor t <br /> otherwise use for arrears of rent or any breach of the covenants of the Lessee contained in this Lei se. <br /> Each of the covenants,provisions and terms of this Agreement shall inure for the benefit of <br /> and shall be obligatory upon the respective heirs,executors,administrators,successor's and assi of <br /> the Lessor and Lessee respectively. <br /> 11. LATE CHARGES/NSF CHECKS: � <br /> I <br /> For each payment that is not paid within 5 days after its due date,Lessee shall pay a late:fee <br /> equal to 5%of the required payment. Payment will be deemed made when it is received by Less r, <br /> br when it is mailed by Lessee,evidenced by the postmark on the envelope in which the paymen:is <br /> mailed. Lessee shall be charged $20.00 for each check that is returned to Lessor for lack of <br /> sufficient funds. • <br /> �12. ACCESS BY LESSOR <br /> Lessor shall have the right to enter the property to make inspections during regular basin s <br /> 'hours. Lessor does not assume any liability for the care or supervision of the property. In the cas of <br /> emergency,Lessor may enter the property without Lessee's consent. If Lessee elects not to exeri'' e I; <br /> ,the options to continue to occupy the property,Lessor shall be allowed to display"Fbr Rent"si in <br /> ;places to be agreed upon by Lessor and Lessee,and to show the property to prospective tenant . <br /> �Dated: Dated: <br /> LESSOR: LESSEE <br /> SMOKEYHOLLOWFISHCOWANY, C. <br /> ueu,!President. Its .L`y4y)? <br /> P not Lakes—Breezy Point <br /> Chamber of Commerce <br /> I <br /> • <br /> 3 <br /> III <br /> i <br />