RES 069 Draft 01 2012-2014 - Laserfiche WebLink

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foreclosure and preservation of its security interest, less appropriate credits, including income received from the privilege, interest, or estate subsequent to the foreclosure; or (b) if the property cannot be reasonably reassigned without loss to the County, then terminate the outstanding privilege, interest, or estate without prejudice to any other right or remedy for arrears of rent or for any preceding or other breach or default and use its best efforts to redispose of the affected land to a qualified and responsible permo, eee and clear of the mortgage and the debt secured; provided :t,' . reasonable delay .. by the Lessor in instituting or prosec it*rights or remedies shall not operate as a waiv- 0 of these rights or to deprive it of a remedy when it mays "ti otherwise hope to resolve the problems created by each or fault . The proceeds of any redisposition �'"1 be applied, - ' rst, to reimburse the Lessor for cost -nd expenses in connection with the redisposition; second, to' dii'z harge in full an `aid purchase price or other indebtedn °i: o4Ang the Less. in connection with the privilege, inte ° , , r estate erminated; third, to the mortgage *the extent Hof the value received by the County upon redis •siti• which exceeds the fair market lease value of the land as previ usl 'yM etermined. by ;the County' s appraiser; and fo rth, to the o r, of the' ivilege, interest, or estate . Ae Ik d 23 1ondemn ion. 4 at any time, during the term of this lease, any ., rtio ` of the premises should be condemned, or require• ` public i. --s,, th- --nt shall be reduced in propo •n to* le vglkie of t tion of the premises condemned. The see sha =,,be entitled to' receive from the condemning authors y (a) the lueyf •rowing crops, if any, which Lessee is not permitted to ha vest , (b) the proportionate value of the Lessee ' s permanent i "•rovements so taken in the proportion that it bears to the unexp/°. ed term of the lease; provided, that the Lessee may, in the arnative, remove and relocate its improvements to e mainder of the premises occupied by the Lessee . The Less 'shall not by reason of the condemnation be entitled to any claim against the Lessor for condemnation or indemnity for leasehold interest and all compensation payable or to be paid for or on account of the leasehold interest by reason of the condemnation shall be payable to and be the sole property of the Lessor. The foregoing rights of the Lessee shall not be exclusive of any other to which Lessee may be entitled by law. Where the portion taken renders the remainder unsuitable for the use or uses for which the premises were leased, the Lessee shall have the option to surrender this lease and be discharged and relieved from any further liability; provided, that Lessee may 9