HomeMy WebLinkAbout0423 I.esaee eo~•euuuts, Ir, the ecent the requirkd lieeuses and {~ermits ur~~ secunvl, tu furi~ish an~i.~nstall upon the demiseci
?~reu~ises, at Itc ~~cu covt 1nd ~~pen~e, suct~ E~alp?nent iid~•ertisiu~ an~l faciUtie. t~~ I.ec.t~~ deecus uecY~,surg for use iu
the o~ieratioi~ of thc crreice atetlon, iill of ~~•hlch c~~uipn~ent, to~ether ~~~ith nn~• additional huildin~;s, impro~~ementa or
~~uipment W~hicti I.ec:see wap hereaiter ernct ur iustuli a~~ou the demised i~rerof~t~c (cronse~~t tn erert or install additinnat
ti,~~iia~n~, im~~rocement~ or equlpment heing hereb~• ~i~•en 1~~• I.essor), ahall at nll ttmes remaln the [?ersonal pro~Mrty of
I.es~ee: anQ I.essee sLall ha~-e the ~igbt nt nnc time «-ittiin thirt~• (30) dn}•s ntter the termination oi this lease, or ~ny
reuew~fll or extencion t6ercwf, to enter upon caid prcn~ites and remo~~e therc~from nll such buildings, [mpr~~~eaients and
equipu~ent sr~ belongiug to Le:~,see w~ithout uny linbiltt~• on l.essee's pnrt for rcut or a~ a holdo~•er dnriug auch thirtp-day
l~eriod. '
-1. I.essor w~ill kPep the demisecl premises in Rood nnd suafMent condition 8Ii(~ re~ir during the nhole of the term
hereof, and shall muke any und ali retruirs, alteriikions ur impro~•ements thereto ~chich ma~• be requlrecl bg ~uLlic autliority.
The Ixasee shall La~-e the right to Ymint tLe entire Lallding but shuil not be ubligated to do so.
5. I.eKSee shRll hu~~e the optiun of exteuding t61s le~se for a totul ot not more tdun........~
'v~ ) sucti~rx~i~~e ~riais af ) years earh. upon the same terms Rnd rouditio~~s
f~` N•tiich n•ere ip e~ect ~luring tre origiuul term. '1'he rentul tu l~e puid I~y L~~~~~~ Quriug utIci r~ten5ion i~eriai ur tK~rials
~ ~h~ll I~e the sum of-- ~ . ..........................~--~-~~-----...................T?OI,i.AItg (S~~a ) l~er month.
I.es.gee shall gice to Lessor ~ritten uotice of its Intention to eserrisr its exMiision pri~•ilege at least thirty (30) da3•s
~rciot to the expUatlon of the ori~;tnnl t~rm hi~reof, an~l if ~stid esten~irin pri~•iley;~~ iti f01' tIICCY'~Sl\'P ix•ritxls I.e~ek~e :cLull ~i~~e
to I.es~or a like ~~rltten notic~• at leust thirt,r (30) dn~~s prior to the expirutiun of tht• theu cun•eut i~eriai, of its intentiou
te+ extend thi~ tem~ for an~! durin~; the ?~xt xua•eeciin~; ~~e~ri~Kl. .u~d thc• ~endiii;; ut ~url~ i~utii~c• vhall coustitute tlie rei~t>~~~.il
and e~teneion of tt~is lease in t?ccurdunre ~~~ith the termi, af ~~~ch rene~~-sil uptiuu so ezercised, ~~~ithout the necessity of the
exerution of a separnte renew•al IPasr.
8. Lessee ahalt ha~•e, and is hcrebc ~;i~•eii, the opt3on o! ~iurchasing said dem(c~ premises for the snm of.. 1!
~X I?~rLI.~I2~t IS.~~~~~...............). I~ro~•ided Lessee shall gire Yxssor
notice in ~riting of !ta eleeticy~;tr•e:e~rcise c;iid o~~tion tu pur~•hnsc~ an}• tiiiie duriua the ort~inul term or any eztenston or
rene~-~1 thereof. If an~ purt of the clecuisecl ~~remist~s or ;~u}- intere~t therein shull Le tuken b~• right ot eminent domuin or
' 1~~• ~np con~~eyance ip lieu thereof ar.in conn~~cti~in there~ci[Fi, tl~e i~urcUase ~~rice ~et forth Lerein, if tLe purehase opt[on is
exercisecl, shall Ue reduced in the ~in~e pr~ipurti~~u that tl~e urea immediatel~• prior tu ~uch tai:ing is reduCed br the ta6ing.
It is lurther A[{reed that ahoultl I.es.or, or 1.~~~cor's hc~ir~, executot's, ~:r:~nlee~, ~umecsors or Ast~t~ns, ut an~ timc during
tLe term o! this lease or an~- eaten~iun the~mof, recei~-e au offer tu ~~urchnse the detuised ~nemises, or any part thereof, or nny
premisc~s ~~•hich includes tLe demtse~3 premicec, s~iQ ele~ire~ t~~ ncce~pt !~ztid offer, or chould T.essor durin~ ans snc6 time make
an otPer to sell the demised premise:., or an~• t~art thercof, r~r an}• ~~reint:.e:~ ~~hiC11 jllClil(1P5 the demisecl premises, Lessor shall
~;ire I_essee uiuet~ (!10) da~s not3ce in «ritin~ of kneh oPfe~r, cettin;; furth the na~~ue und ad~re~s ot tl~e prulK~~t~Q liurch.iser,
tbe amouat o! the proposed pt~rchnse prlc~e, und all utl~er ti~rm~ i~nd conditions ot ~uch offer, nnd Lessee shall ha~e the first
option to purchase the prem3sE~s ~rhich are the FuhJect uf tl~e o1Ter ~;ie-in~ ~~ritten notice to f,essor of its intention to
purehase n•ithin said niuett• (:10) da~' (~erial at thc• ~nnie pricr and on the ~~me ter~us of an~ such affer, it bein~ under5tood
that in tiie e~~ent I.e4~ee docs not ~,ri~~e notice of it~ intentiot~ to exercige ~i~id ~tition to >>urchnse ~~~ithia anid periai, tLis
lease and all of its terms and crouditia~s ~l~all tie~certhele~K re~m~~in iu flill force nnd etfect nnd I.e~sor und anr purchaser
~r purchnsers ot the demised pr~mixex. or ;~n~- ~r.~rt tht~ri~nf, or :in~~ ~~re~ni~es trhich iucludPS the c~en.i~eci (~remise~, shall
he bound thQreb~, and in the erent th~t the ~~remi~e:~ ~et fnrth in the~ utFi•r ar~ not :.old f~ir an~• reasun, I.essee shall ha~~e, upon
che cnme conditians t?nd notice, the coutinui~i~ fir~•t o~~ti~~n t+~ p~tirch,~ce Yhe ~Ieiuice4 Premises, or nny~ part thereof, or an~
premises ~~-hich includes the demi~e4 pren~i.c~., n~~un tht• t~~nn~ „f an~ sui„oqr,~~ut ~~ffer nr otTers to ~inrchase.
In the e~-etit sin~• uf s:~id o~~tE~~ns ix c~sc~n•i~E~~l, Le•s~~r ~h:ill c~~m~~~~- :i n~erch;u~t:ii~li• title in fee simple to ~afd real estttte
t~}' ~cwd and sufFicient ~~-arrtint~• dee~3, to•ith ri~lE-:i~e uf clu~~~f•r, h~~m~~stF~aQ, curte~ti• a~2Q other rigUts of the res(~ecti~e spouses.
if anr, nnd fr~~e from all encumhrances ~~•h:itsoe~~e•r.
R'ithin thirt~• t30) da~•s of the ~ate nf exercicc~ of :~u}• u[ ~:iIQ optiou~, I,es.SOr ~~-ill farnish to T.essee n gntirant~• irolic~•
is~ued h}• u title In~uranre comi~an~• ac~•eptal~le to I.e~~<ee. in its nsu:il f+~rm, hru~r:ht do~~-u to caid date ot eser~ise, ~unranteeing
I.essee n~ainst lo~s or d:im:tge to the e~tent of the parchu~~~ pricti~ i~~• reu5ou of defects in or ltens upon I.eesor's title. ~nhject
onir to the izsual ezceptians ~ontainecl in ;niarnnt~• poifcit~s of the Issuln;: c~omPan~•. 9ettlement of the purc6nse price ;ind
con~e~ance to the Lessee s6all be made ~~~ithin ninet~~ ~l~~c; from said date of eaercise, but actunl.tender of the E~tirchnse
price h}• the pur~has?r or tender of deec~ b}• tL~~ ~eller ~h~ill not he nece5sarc, ~nd neJther pstrt}• ~hnll be in de[ault autil
s~fter ~rltten demand for ~ieriorn~ance chnll hn~•e I~een tnnde b,r the other part,r. Tnxe~, ~c~uter rent, ttnd other currem
ezpenses, and rent hereunder, sht~il be acljusteA as of ti~e date of :seettfement.
i. It is mutuallc a~reed thet if the demi~eri ~~remi~es are damnfied b~• fire, storm, or from an~• other ^ause, such
damage ehffll be rerwired by Lessor forth~ctth after thP ~ame oceur~, und it the exient ot an~ such damage is surh ae to rer.der
wiid ~remiaes unten~antuble, no rental ~hall iK• dut~, ur ~ti.~ll uccru~~, for any period during ~~hfch said prem(ses are untenantnble.
It is further a~reed that in the et•eni Lecsor fnils to repair Raid sercice ctntion and impro~•ements ~vithin three (3) montha,
I.e~e~ at its o~xion v~ay terminnte this lesse. •
8. I.essor co~-ennnts to pur ali ttixe~ nnrl acse~cments af c~~erg nati~rc unon tlie ~demised premises incindin~ the lnnd
- ~nd :~I1 impro~•ements of I,ea~r thereon.
:1. In the e~•ent I,ecc~c~, its asci~nee ur xulrles~c~, shall be unnf~le to ~l~t~in from mun[ci{ral or other public uut6orittes,
un~• {rzrmii or li<~ense n~ce~.+xry~ fur th~ oper:ition of ~~;i~~nline ver~-Ic•e ~tation ulion the demised premises, or in case ans
suct F~errr~it or 13censt~, if oLtained. 1,e after~c:ird recoke~l ~~~it:~ont tni~lt uf 1.~s~ee, its a4si~~ee or sublessee, or if the use of
t'7~~ demised premI~es t,e re~traineci nr enj~~[nc~d, then and in Guch e~~ent or an~• therrot, I.essee shall ha~•e khe ri~ht to cance!
th~~ li~u.e l~~• ~;irin~ I.e~sor at least ten Ilfl) c{a}-s nottce of its intentiou ~o to do.
10. In the e~~~nt of any chnn~e in ~rade of an~• acijoinin~ streets, a11e~~s or higha~n~s; or in the e~~ent the demised
i~re[uires shall be taken 1~~ or piirsuant to an,r ~o~•erum~ntal autdarit~ or throu~;h the exercise of the riRht of eminent domain ;
or in thN e~-ent anl• ~nrt ut said clemised premise~, or.anti• i»terest therein. inclnding. }~ut not limited to the right of free acces.s
to the deniiced premi~:c~s, is so taken or ~uhstuntlnll~• fnterfered n•ith and the snld demispd premise~ after snid tukinq or
interferencp in the opiniun o! Leegee, i4 not suitable for the operation ot a~asoline s:~r~-ice station, thls lease, nt the option
nf I.c~saee, ~hall terminnte n~ithout liaMlit~ on tt~e r~nrt ~~f I.er.9er, or I.c~4cee may continue in rosseasion of the remnining
{~ortion ot said den~i~erl premisec, in n~hi~~h e~-erti thr rent herein ~hsill be reduced in pro~ortfon to the mductlon in the
utilir.able area of thv premir~es, hnt t~othinc; herein shuli t~e rtc~me~l a~~~ui~•pr of thc sale riqht of i,e~see to an~• aa•ard for
dama~ea to it or to it5 Ie~t~hn1Q interevt c~u~ed hr ~uch tnkinR, Rhether made seF~rr~tely or ng 8 n1[[ of n general ac~'ard.
J,e~~nr shali ~:irr}• mit ait it~ t~~iK~n~~ an~- recnuiiu~; nf thc• ~rn•mi~c uud upi~ronchi~~ tht~rf~tu ne~r.car}• t~~ r+mform the prrtui•eR
to an~• chan~e in grade of nnp ~tljoinin~; ~treet~. nllP}~c or hihhc~-aps.
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