JIMENEZ, JORGE AND OLGA SANDEZ DE

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Bx 13848P6 415 15. Representations. FAMILY covenants and agrees that it has examined said leased land and that the same is delivered to it in good order and condition and that no representations as to said leased land have been made by CITY or by any person or agent acting for CITY, and it is agreed that this document contains the entire agreement between the parties hereto and that there are no verbal agreements, representations, warranties or other understandings affecting the same. 16. holding Over. This lease shall terminate and become null and void without further notice upon the expiration of the term herein specified, and any holding over by FAMILY after the expiration of said term shall not constitute a renewal hereof or give FAMILY any rights hereunder or in or to the leased land, it being understood and agreed that this Lease cannot be renewed, extended or in any manner modified except in writing signed by all parties hereto. 17.. Eminent Domain. If all or any part of said leased land shall be taken by condemnation that portion of any award attributable to the improvements or damages to the improvements shall be paid to the mortgagee or otherwise disposed of as may be provided in the insured mortgage. Any portion of the award attributable solely to the taking of said leased land shall be paid to CITY. After the date of taking the annual ground rent shall be reduced ratably by the proportion which the award paid to CITY bears to the total value of the land as set out in hereinabove paragraph 2. 18. Construction and Effect. Time is of the essence of this Lease. The article headings herein are used only for the purpose of convenience and shall not be deemed to limit the subject of the articles hereof or to be considered in the construction thereof. Each and all of the obligations, covenants, conditions and restrictions of this Lease shall be deemed as 8.