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the le~ses L a~d,~ud~ed h~ot~?euk or ii tlw laaes n~akes aey a~snt !oe ths be~ie~1~ ot bi~s c~ed~~~o~ -
i! ~ wri! o~ attu~ment or eaoecuNan is kvled on a~? iteaa oe item~ o! ths equipment •rq~d~ ii~i~'seteased
ae e~?tisAed wttbin tes~ (10) dyra the:~a~tter, or it a reoei~er it appointed ~n sn~r Prooeedia~ or sc~an to
which t4e le~aes is a park~ with ~inthorit~ to take po~se~sion or oonte+ot o~ aa,? ft~ent ~ it~ems oi tbe equip- ?
meot~ l~easoe aha11 have and myr e~oerciae aqp one ar mors oi t~ee ramedie~ aet lortb in paragrapb 14 herao~; ~
and thls leiurs sb~ll. at tbe optloa o! leseor, wlthont notios, imnaedG?te~r tsrimim?te snd ahaU not bs trea~ted
- as an ~et oi leeses aiter ths eserciss oi asid optton. Lesses wsives all ri~ht undee ~?11 asemption 1sAa. ;
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~ lf~. Iwree's Bs~: I.esaee shaU p~y leasor sU c~osts and e~cpeneas, incl~dina ~ttorney's fees, incarred b~ j
lessor in e~cercising aqy oi its rt~Lta or remedies h~under or eniorcing aqy o! the terms. oondit~ons or ~
' Pi'ovisions hereol. . ~
1T. A~d~t: Without the prlor wrltteu oonaent of kewr. kssee ahsll no!-(~?) aasi~,n, traaater. P~Se or -
hypothecate this Iease, the alniPme~?t or an~? part thereoi. or any iuterest therein ear (b) sub~t or leud
~ the equipment or uq? psrt lhereoi or permtt tbs equipment or st~ psrt thereoi to bs used by snyone
at~ tban lessee or lesaee'a employees. Conaent to ~ny o! ths fose~oinS Probibited acts ~ppliee,only in
tbe etven insb~nce; and is not eansent to any subeequent like act by le,isee or any other peraon. Subject ,
slw~,ya to be the ioregoing, th~s k~se inura to tLe beue8t of. and is binding npon~ the heira. legatees. ~
' persotul r~presentstives, anooessora and assigns oi the p~rties hereto, Should leseor on receipt o! written
request iroin tesaee sgres to trsnsiet or assign lesee to tLird party. Ies~aes agrees to psy leasor ita e:pense '
in hsndling such tranaier or asatgamen~ This amount not to be less thAt? flfteen dollars (;15.00). • `
18. Leasor's Aasi~aseAt: It is u~eretood thst lesaor oontempLt~ aseigning this kase and/or mortgagtng of
the equi~aent, and thst assigaes msy aaaign the eame.. AU rights of lessor in the equ~pment ~nd bere-
under msy be assi8ned, pled~ed. martgaged, tranaferred, or othera?Ise diapoeed oi, either in wbole or in ~
part, withont notice to leasee. ~+e ~ssignee'~t rlghts ahsll be iree irom all detenaea, aetroSs or oounter• . s
claims wl~ich leasee msy ba eatitled to asaiert a~ainat leeaor. No such asaignee absll be oblig~?ted to per-
io~ ~?n~ a~tq, covrawnt or oondition required to be per[ormed by lessor nndar the te~rms oi tLis lease.
18. Owserahip: The equipnimt ~s, aad ah?U at atl times be and remain, the eole snd esclusive personal prop. :
erty oi leasor; aud tbs lessee alull ~uve no righk title or interest therain or t6ereto ezcept aa expreaaly aet
- lorth in thia leaae. It ia turther azprassly agreed by Iesses thst the aaid eqnfpment shsll at all tim~ be ~
; removable aa the perao~ul property oi the le$sor and under no dnrutnetance~ sbaU the eame be consicierad -
or tr~ated as part o! the rea~ty or real prnperty upon ~vhich ~t is or may~bereaiter be aituated.
Z0. bterest: 3hould lessee fai~ to pay any p~rt of ths reat herein reserved or any other anm required by
lessee to be p~id to leasor. wit6in tea (10) dsys aiter the due dste thereoi, leaees shull psy unto the lessor t
iutereat on aucb• de,lInqaeat psyment irom the sxpintion o! eAid ten (10) dsys nntil psid at the rate o!
sis per cant (696) Pa~' sw?um. 4
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Zl. Natioes: 3ervice o! sll notioes under t6is ag~eement shslt be sa~cient if gtven or nuiled to the psrty ~
involved at ita respecttve suldress bereinaiter eet forth, maikd to snch addreas ahsil be etiective where ~
depoeited in the United 3tates mail. daly addr~ssed and with poat~ge pre~id. •
Zt. In consickntion oi the mutu~l coven~nta con b lessee is her~by ~ranted the option to obtuin s ~ ~
new onc-year lesse st the annusl rental oi
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Snid optiou msy be ezee+cised by lessee bT wtltten n~ottos t4 tlut eQect to le,~esoar. ¢
~vhich notioe al~ll bs aa~omP~snied bY p~?ment a~ tl~ entira anntul rsntsl ~bovs deeaclbea, snd which ;
abaD be deliv~red to lessor, not less then ninet~ (90) d~ys bsZors tbs espiration oi t6s teim Le~+sa~ to-
8~ther with the aum requir+ed !ar taze~ as apecifled i~t F~tra~rap~ 10 herein abov~e. Ssid naW o~e (1) yaar j
~ term. auooeeding one (lj year tarm~ 36all durry an identical opt~o~ bersto, aad eze~pt or tbe amonnt
• of rental, each new laae al~all ba aub~ect to provisions and oonditions id~ticsl witb thoaa oi this kasa
- The rental psyable for exch ~w la~ee slyaU be thst spec38ed in P~ra~n~ph 22 as psysbia ior the flrat new .
. lea~se. Notwithstanding aoythin~ provided in this paragh?ph, in no event ah~A k~s~e option to obtain
~ more th~ / vE ( S~:ucce~siw new lease~ he~a~r.
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` Zi. Gead~r: Number: WLenever ths eonteoct ai ttiis lesae requirea, tbe maeailina Qeader incindes the feminine 4
or neuter, and tbe ain~u4r number includes the Plnral; urd wbanever tbs word "leeaor" ts used hereia it ~
sb~ll includs all assi~nees oi kssor. Ii theca is more than one Iases nsmed in tbts leue, the linb~lity oi ~ t
each shs116e joint and seve~cal. . i•
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~ Z4. Tlne Is oi~ the ~eaoe: Time is e~ressly declared to be of the essenoe oi this leaae snd of each c4use ~
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