Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 1275]

EXTRACTED TEXT FROM PAGE:

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U N I V E R S I T Y OF

ILLINOIS

I267

contractors and of architects' fees shall be subject to the prior written approval of the Lessee, and further that such construction and work shall at all times be under the supervision and direction of said architects. SECTION 6. The Lessee hereby covenants and agrees that it will, while this lease shall be in effect, carry and maintain at its cost and expense fire insurance with extended coverage upon the aforesaid buildings and equipment in such amounts and companies as may be deemed satisfactory to it, which policies shall provide that losses, if any, will be payable to the Lessor and the Lessee as their respective interests may appear, and in the event the rent payable hereunder is assigned or pledged, to carry and maintain such insurance in the amount as may be required by, which in the event of loss or damage shall be applied in accordance with, the provisions of the indenture or agreement securing said assignment or pledge. SECTION 7. The Lessee hereby covenants and agrees to and with the Lessor that it will not use or permit any person to use the demised premises or any buildings at any time situated upon the premises or any part of such buildings for any use or purpose in violation of the applicable laws of the United States, the State of Illinois, the ordinances or other regulations of the City of Chicago, Illinois, or of other lawful authorities, and while this lease shall be in effect said demised premises and every part thereof and all buildings at any time situated thereon shall be kept by Lessee in a clean and wholesome condition and generally that all applicable health and police regulations shall in all respects and at all times be fully complied with by the Lessee, and also that improvements at any time situated upon the demised premises and all the sidewalks and areas in front and along the side of the same, as well as in the rear thereof, shall be made and kept, at the Lessee's own expense, safe, secure and conformable to the applicable requirements of the City of Chicago, Illinois, and all other public authorities, and the Lessor kept harmless and indemnified at all times against any loss, damage, cost or expense, for which the Lessor or the Lessee may be legally liable, by reason of a failure so to do in any respect, or by reason of any accident, loss or damage resulting to any person or property b}' reason of any use which may be made, or condition of said premises, or of any improvements at any time situated thereon, or by reason of or growing out of any act or thing done or omitted to be done upon the said premises, or in any building at any time situated thereon. SECTION 8. The Lessee covenants and agrees at its own expense to maintain and repair all buildings now or hereafter located on the demised premises, and further agrees that it will not make any changes in the construction of the buildings now or hereafter located on the demised premises which will adversely affect the income therefrom without the approval of the Lessor. SECTION 9. If at any time while this lease is in effect the Lessee shall fail to extend or renew this lease, or for a period of two months fail to make the rental payments herein provided, or shall make default in any of the covenants and agreements herein contained and two months shall elapse after such default without the same being remedied, the Lessor shall have the right, on written notice to the Lessee, to declare the said term ended and the said demised premises or any part thereof, either with or without process of law, to re-enter and the said Lessee and every other person occupying, in or upon the same to expel, remove and put out, using such force as may be necessary in so doing and the said premises again to repossess and enjoy as in its first and former estate. SECTION 10. It is understood and agreed that this lease is subject to and accepted by the Lessee upon the condition that in the event of non-use of the demised premises, or any part thereof, for the purpose described in "An Act in relation to the establishment of a Medical Center District in the City of Chicago and for the control and management thereof", approved June 4, 1941, as amended, or of the disuse of the demised premises, or any part thereof, for a period of one year, all right, title and interest of the Lessee hereunder shall cease and determine and the demised promises revert to the Lessor, its successors or assigns, as provided by said Act as amended. SECTION I I . If the Lessee shall maintain this lease in full force and effect until all of the Lessor's indebtedness referred to in Section 5 hereof is fully paid,