1. That the COLONY/CHAPTER
pay the rent promptly as it becomes due;
2. That the COLONY/CHAPTER
members treat the premises as their home,and that they keep
them in good condition and repair at all times, reasonable wear
and tear and damage by fire or other unavoidable casualty only
excepted;
3. That the COLONY/CHAPTER
be responsible for the collection of rental revenue from its
members and occupants, and make any necessary arrangements for
the collection of such revenue;
4. That the COLONY/CHAPTER,
at its own expense, keep the lawns, trees, vines, bushes, and
hedges of the premises cut, watered, and trimmed during the
term of this lease;
5. That the COLONY/CHAPTER
not injure, overload or deface, or allow to be injured, overloaded
or defaced, the premises or any part of them;
6. That the COLONY/CHAPTER
be physically and financially responsible for routine maintenance
and minor repairs necessary to the preservation and ordinary
operation of the building, such as leaky faucets, faulty electrical
switches, routine heating and air-conditioning repairs, and
similar developments and malfunctions;
7. That the COLONY/CHAPTER
make no alterations, additions or improvements without consent
of the ASSOCIATION, but after consent has been given, unless
otherwise agreed upon in writing, all alterations, additions
and improvements made by the COLONY/CHAPTER upon said premises
shall be at the COLONY'S/CHAPTER'S own expense, and, at the
option of the ASSOCIATION, shall remain upon the premises at
the expiration of this agreement and become the property of
the ASSOCIATION as a further consideration of this lease;
8. That the COLONY/CHAPTER
furnish heat and all utilities for the premises, and promptly
pay all gas, oil, electricity, water, heating or air-conditioning
service, and telephone rates and charges, and any other bills
or charges incurred in connection with the operation or maintenance
of the real property which may become due and payable during
the term of this agreement;
9. That the COLONY/CHAPTER
use the premises only as a fraternity house and in accordance
with the laws, regulations and ordinances of the United States
of America, (Commonwealth of Canada), State of _________________________
(Province of _______________________, the City of _____________,
_________________ University, FarmHouse International Fraternity,
and the duly authorized governing bodies of the fraternity system.
10. That the ASSOCIATION
place the building in reasonable good condition considering
the age and present condition and the use to which it is to
be put, namely a fraternity house, during occupancy.
11. That the ASSOCIATION
be financially responsible for the maintenance and preservation
of the exterior of the building, namely the weather-boarding,
gutters, downspouts, roof, fire escapes, masonry, and the replacement
of them if needed;
12. That the ASSOCIATION
provide adequate insurance against loss by fire, any extended
hazard perils for the real property and adequate liability insurance,
and that the COLONY/CHAPTER be responsible for all other insurance.
13. That the ASSOCIATION
pay governmental assessments and real property taxes, if any,
levied against the premises.
14. That the ASSOCIATION
retire, according to schedule, any indebtedness which may encumber
the leased premises, except any liens created or permitted by
the COLONY/CHAPTER.
15. That the COLONY/CHAPTER
not assign, sublet or part with the possession of the whole
or any part of the rented premises without first obtaining the
written consent of the ASSOCIATION.
16. That the duly authorized
agents and representatives of the ASSOCIATION and/or University
have the right at any time to enter upon and in the premises
for the purpose of inspecting them;
17. That at the expiration
of the term of this agreement the COLONY/CHAPTER shall deliver
up the premises to the ASSOCIATION; neither the terms of this
agreement nor possession of the premises shall in any way serve
as an option for renewal. It is further agreed between the ASSOCIATION
and the COLONY/ CHAPTER that for violation of any of the terms
and conditions of this agreement by the COLONY/CHAPTER, or upon
the COLONY'S/CHAPTER'S failure to perform any of the terms and
conditions, then and in either of these events and without previous
notice or demand, this agreement shall be forfeited and the
COLONY/CHAPTER shall, upon violation or failure forfeit and
lose all right, title and interest in and to this agreement
and the real estate, and the right to possess, use and occupy
the premises shall be terminated and lost to the COLONY/ CHAPTER.
