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DECLARATION OF LEASE
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This Memorandum of Lease, made this C day of
, 19 68 , between JOHN C.~~~~ ,
an , ha~~s ~}cipal office at
83Q39 ~ LA~JD~ipv,,~ , heceinafter called "LESSOR", and
P FRC'Fi t?1uI C'nRP ' , having fts
principal office at Box 1 28, ismi, lorida ~~'~7 ,
hereinafter calZed "LESSEE",
~ WITNESSETH:
(1.) The LESSOR and LESSEE have~X entered into a Lease of
the pcemises known as: All that part of the South 120' of the North ll00' of the East
1/2 of the SE 1/4 of the SW Ij4 of Section 15, Township 35 S, Range 40 E, St. Lucie
County, Flarida, lying East of the East right-of-way line of U. S. Highway No. 1.
(2 Said Lease sets forth the above names and addresses of ~
arties thereto„ to-wit: Harry a~t Alice Schrag as Lessors, and Lessee herein as
~.essee.
(3. ) The term of said Lease is for 15 years, commencinq on
the Sth day of December , 19 66 , and ending on the 4~ day of
December , 1981 .
(4. ) The LES5EE has a right to extend said term for two (2)
successive periods of fi'Ve
(5~_years each. Said riqhts of extension are
exercisable as follows:
The LESSEE shall give the LESSOR of ~e within ~ '
Lease, notice in writing, at Zeast three (3) cal endar t-;;
months prior to the expiration of the primary term
s•.
that it intends to renew, and likewise at least three ~ ~
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(3) calendar months notice prior to the expiration of
the first extended term that it intends ro renew. s~ ~
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IN WITNESS WHEREOF, the parties hereto have caused this memorandum
of lease to be executed for the purpose of providing an instrument for recording.
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Wit es: (LESSOR)
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to Lessor , (S~,)
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As to Lessee A~ - - . '
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/ STOU111 ANO iT~OLAR. ATT~ORNtl/i AT LA1N. u0.711? fTllitT. MfAtli KAtN IiOAlDA. »IN . T~l_ K~•M// ~
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