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GROUND LEASE
City of Pleasanton
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CITY CLERK
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LONG TERM AGREEMENT
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GROUND LEASE
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1/31/2011 2:27:29 PM
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1/21/2010 4:33:23 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/1/1988
LONG TERM AGREEMENTS - NAME
GROUND LEASE
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
RIDGE VIEW COMMONS
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provided that (i) such Mortgagee has commenced the curing within <br />such 60 days and (ii) thereafter diligently prosecutes the cure <br />to completion. If the default is such that possession of the <br />Property may be reasonably necessary to remedy the default, the <br />Mortgagee(s) shall have a reasonable additional time after the <br />expiration of such 60 -day period, within which to remedy such <br />default, provided that (i) the Mortgagee(s) shall have fully <br />cured any default in the payment of any monetary obligations of <br />Lessee under this Lease within such 60 day period and shall <br />continue to pay currently such monetary obligations as and when <br />the same are due, and (ii) the Mortgagee(s) shall have acquired <br />Lessee's leasehold estate or commenced foreclosure or other <br />appropriate proceedings seeking such acquisition within such <br />period, or prior thereto, and is diligently prosecuting any such <br />proceedings. <br />(e) Any event of default by Lessee under this Lease <br />which is not susceptible to remedy by a Mortgagee shall be deemed <br />to be remedied if (i) within 60 days after receiving written <br />notice from Lessor setting forth the nature of such event of <br />default, or prior thereto, a Mortgagee shall have acquired <br />Lessee's leasehold estate created hereby or shall have commenced <br />foreclosure or other appropriate proceedings seeking such <br />acquisition, (ii) a Mortgagee shall diligently prosecute any such <br />proceedings to completion, and (iii) a Mortgagee shall have fully <br />cured any default in the payment and performance of any monetary <br />or other obligations of Lessee hereunder which do not require <br />possession of the Land within such 60 day period and shall <br />thereafter continue faithfully to perform all such monetary <br />obligations which do not require possession of the Land, and (iv) <br />after gaining possession of the Land, a Mortgagee shall perform <br />all other obligations of Lessee hereunder as and when the same <br />are due. <br />(f) If a Mortgagee is prohibited by any process or <br />injunction issued by any court or by reason of any action by any <br />C:GDLEASE.EHI -31- <br />
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