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#2640/2641 Final Council Approval 10-19-2001
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2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
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2040 Wayzata Blvd Land Use - Dunbar
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Dunbar Project 2000 - File Cabinet 1
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#2640/2641 Final Council Approval 10-19-2001
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8/22/2023 4:55:34 PM
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10/20/2021 12:32:33 PM
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x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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(2) all expenses (together with interest thereon at a rate of twelve <br /> percent(12%) per annum from the date paid by Landlord) incurred by <br /> Landlord in terminating, repossessing and reletting including but not <br /> limited to costs of changes, additions, improvements, redecorations and <br /> repairs, brokerage and legal fees, and the collection of Rent, and <br /> (3) any deficiency between the Rent, when due in accordance with <br /> this Lease, for the remainder of the Term and the payments, if any, <br /> received by Landlord from any reletting of the Development or portions <br /> thereof. <br /> 9.4 Injunctive Relief. If an uncured Event of Default exists under this <br /> Lease, Landlord shall have the right, in addition to any remedy available to Landlord <br /> under Section 9.2 of this Lease, to institute from time to time an action or actions for <br /> injunctive and/or other equitable relief. <br /> 9.5 Forbearance. If there is a Mortgage on Tenant's interest in this Lease <br /> or the Development Property, Landlord will not terminate this Lease or Tenant's right <br /> of possession of the Development Property pursuant to Section 9.2 of this Lease, if <br /> Holder or any purchaser or transferee of Tenant's interest in this Lease or the <br /> Development by reason of foreclosure or other proceedings or by deed or assignment <br /> in lieu of such proceedings (or an assignee of Holder or such purchaser or transferee) <br /> shall, within one hundred eighty(180) days after acquiring Tenant's interest in this <br /> Lease or the Development, cure all defaults susceptible of being cured by such entity <br /> (or, if such cure would reasonably require more than one hundred eighty(180) days <br /> and thereafter promptly, effectively and continuously proceed to cure such default). <br /> Nothing in this Section shall affect Landlord's right to enforce any remedy under this <br /> Lease for an Event of Default except, so long as Holder is in the process of curing <br /> such Event of Default or foreclosing its Mortgage under this Section, the right to <br /> terminate this Lease or Tenant's right of possession of the Development. <br /> 9.6 Costs. Tenant shall indemnify Landlord against all costs and charges <br /> (including reasonable legal fees) lawfully and reasonably incurred in enforcing <br /> payment of Rent, and in obtaining possession of the Development after an Event of <br /> Default of Tenant or upon expiration or earlier termination of this Lease, or in <br /> enforcing any covenant, proviso or agreement of Tenant contained in this Lease. <br /> Landlord shall indemnify Tenant against all costs and charges (including legal fees) <br /> lawfully and reasonably incurred in enforcing any covenant, proviso or agreement of <br /> Landlord contained in this Lease. <br /> 9.7 Waiver of Default. No failure or delay by Landlord or Tenant to insist <br /> on strict performance of any term of this Lease or to exercise any right, power, or <br /> remedy upon a breach of this Lease shall constitute a waiver of such term or such <br /> breach. <br />
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