1982-08-16 Guarantee of Health Central, Inc. 1 `
GUARANTEE OF HEALTH CENTRAL, INC.
4 ,
In consideration of the execution contemporaneously herewith by Buffalo
Clinic, P.A. , a.k.a. Buffalo Clinic, ("the Assiqnor") of a certain Assignment of
Lease for that Lease etween the AssigRor a�d the City of Albertville, Minnesota,
d ated �y�day of � 7 , 1982, and , as to the Ci ty of
Albertvi e, Minnesota the ity , in consideration of the execution contem-
poranously herewith by the City of a certain Consent to Assignment and Waiver of
Assignor's Continuing Liability, the undersigned, Health Central , Inc. , does, on
behalf of its wholly owned subsidiary, Twenty-Eight Ten, Inc. , hereby guarantee
unto the Assignor and the City the full , complete and faithful performance of the
obligations assumed by Twenty-Eight Ten, Inc. in said Assignment and said
Lease (or this transactiori or the Project as defined in said Assignment). This
Guarantee shall remain in full force and effect throughout the term of said Lease
and said Assignment.
City shall have the right to proceed against Guarantor hereunder
following any breach or default by Tenant or its Assignees under the Lease
without first proceeding against Tenant.
The Assignor shall have the right to proceed against Guarantor
hereunder following any breach or default by Twenty-Eight Ten, Inc. under said
Assignment or said Lease without first proceeding against Twenty-Eight Ten, Inc.
Guarantor hereby waives (a) notice of acceptance of this Guarantee, (b)
demand of payment, presentatian and protest, (c) any right to require City to
apply to any default any security deposit or other security it may hold under
the Lease Agreement and (d) diligence in collection.
Guarantor does hereby subrogate all existing or future indebtedness of
Tenant to Guarantor to the obligations owed to City under the Lease and this
Guarantee.
Wheresoever it is provided in said Lease that Tenant is entitled to
� notice of any event, condition or default, a similar notice shall be delivered
from the City to the Guarantor at the times and in the manner specified in said
Lease.
IN WITNESS WHEREOF the Guarantor has caused these presents to be exe-
cuted thi s � day of �yu51 � 1982•
HEALTH CENTRAL, INC.
By
Its � ,�
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, ;
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BY ����--,�.. ' ���C - ✓. .
Its '
The undersigned hereby consents to the foregoing Guarantee.
� ,
STATE OF MINNESOTA )
) ss
COUI�'I'�' OF(� �', ,' ` )
On this /(v�`�y of ��%'�,; ` , 1982, before me, a Notary Public
within and for sai�County, personal y appeare ��r�/:'�.,�s ��-�/.���'' _
� % � of the Cit o���ertville,Flirmeso ta, to
� ;r��� h.�,P�,�r;� � Y
me persona`1T�cnown to' e t e persons described in and who executed the foregoir�
instnIInent as their free act and deed for the purposes therein expressed.
r"� 1ANE l. FARSTAD / /�
�
� � NOTARYtU11IC-MiNMESOIA ���'"� / �`��C'L��� �
HENNEPIN COUNTY r �✓ Otg�u 1C
My commiuion�xpira D�c. 12, 1955
(Notarial Seal)
�
I ,
STATE OF MINNESOTA ) �
ss
COUNTY OF HENNEPIN )
�
On this ��'day of � /' ,19$�, bef�/r�,.me a Notary Publ ic within and
for :said o nty, pers nal y a peared ` C�lQ�rk C, �ti and
�__..',;! � �'�„` � , o f H e a t h C e n t r a , Inc to me personall y known
to be t e persons desc bed in and who executed the foregoing instrument , who,
being by me duly sworn , did say that they executed the foregoing instrument as
their free act and deed for the purposes therein expfesse�. �/.
;' � � .
��� �/r,,�-- � �_-_..
Notary Pub ic
(Notarial Seal )
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