HomeMy WebLinkAbout0517 . • ~,3 f y
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7 ~al t~ St ~ra~ j?e«~~~x~ + ~~t~G.
~ SAIES OFFlCE
2307 SOUTH OLIVER
WICHITA, KANSAS
~y CHATTEL LEASE AGBEEMENT
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THIS AGRE~iT and Lease mQde thla Z 9~ tdap) ~L~.u9S~ St (month). 19.~. ~b ~
~nd Donna i= Ballard of Vero Beach ~d~,~ Indian Riven~h,~ Fle,r~cl~ ~
called "OPERA?OR" and Iatemacioaal Cold Storage Compaay, Inc. of Wic2,~ta, 8~sos; called "OWNER." s
In consideration of the covenamts herein it is :nutually aqreed as toDoNrs: -
I• Th~ OWNER hereby leamea to the OPERATOA (1) a?e portable rsfriqeraied unit and equipaa~nt landled
"PILANT" )~model_ FFS-75 se1;~ #~MC~-17 ~h S 14 cubic ieet of storag~ spac~.
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II. The OFERATOR will place and retain said PLAN? on property owned or leased bp him de~crib~d as ;
_McDonald' a No_ 788, 1B 12 Delawart~ , Fort Pi,Ap~a, F1nNda ~a pro~
amd eqreas fv~ the QWNER to inatall. inspsct, o~ ~eco~ the PI.AN? at all times.
III. The OFERAI~OA will pcq? to ffie OWNIIt a total rsatal of ~ 2.4Q3-QQ in equal sfmi~annual iasiallm~nb of
S 26~ - oach in advance, beqinning _ Dec mb~r 1 19_._6.9~_ .
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N. This Plamt i~ aad ahall remain personal Fu+oPertY o! $?e OWNEA at all time~. aad tltl~ will seana3a ia tl~ ~
OWNER. This leaae aqree~anent ia not a conditiaacil sales oontract or mortqaqs. Th~ PI.RNT is pata~ls. ~d the
OPgiAT08 c~greea aot to connect the PLAN? to seal property. If the PLANT is casuieci~d or attcrchsd to rsal
p~operiy, the PLANT vrill atill remain per~onal pzoperty.
V. Ths OPERAI~OA hcs no riqht to and will not subleass, assiqn, trarnsfer, or ancumbe~ th~ P1.ANT, tkis Leas~ ~ )
Agreement or amy of his right hereunder. .
VI. The dOPERATOA~ will indemnify and hold OWNER h~tnless from amy cmd all liability. 1ois, dannage, oc
expense iacurred or claimed bp any parsonts) or buai~aess enHtp(~ by reason of ths use, misuse, looatlon. ope`ation
cmd canditioa of the sad,d PLANT that map m~ise in aay way ia relation to this lease: amd will def~d ~p acfica
that map be brouqbt therean at his own e:panae ~?d will pay aay ~udqment(s). inclwdiaq cosb amd tritarneys' fess.
that map be iacuned bp the OWNER by reaoeon thereot and will immediately notify the OWNER of littgat?on ~
which eiiects the said PI,AN'f in cmp wctp, a
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t VII. Upan the failure of the OPERXTOR'to perform cay~a~ the covsnamia or candiKoas of this lsm~e aogreemen~ or
~ upon the inaolvency, bamkrupicp, assiqnment to~ the benefit of creditors or receiverahip of er bp the OPERATOA.
the OWNER may at his option elect t~t~r#~~~t~is leass agreemeat and the OPERATOR waiives all of his riqhts
hereuader. Ii the 01NNER elect~. tp terrminate this leaae aqreement as qf~esadd. he map rNake possesdon o~ the
~LANT and remove it from its ,io~ation at once vaithout notic~ to the OPERATOR or any third paQiy. Tezmination
~f this leaae agreement by the OW19EH will not relievs the OPEAATOR from any liability uader this Iease
agrssvnent and wiU not make the OWNF.R liable to the OP£RATOR ~~?p third pmrties to r~dnad.any rentcds
pa~d in advcmce. Ii the QW~i~t elects to tera~nate this lease aqreement, ihe OPERATOR will relinquisb ~
po~ee~sion to the OWNER a~d wIll aaaist the OWNER~ in re~overy of poaseasioa of the PLANT amd the OWNER !
will_ not be liable for the contents ot ihe PLANT. i
VJII. The OPEAATOR ~+riil provide at hia ov~? expense, a propsr loundatioa for the PLANT, aond ~lectrfclty for the ~
PLANT. includinq the coaaect[aa th~eof. The OPERATOR will pay all Hcenssa, charqes. ~smaats. and tazes on
the P3.ANT and its ape:ation, aad will comply with all the laws, ordinances, and regulat~ons qo~rerninq the Iooatica~.
~peration, cmd use ot the PLANT. . "
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IX. The OWNER wi12 pQy for all labor aad material iot the replacement of amp defective p~t of the PLANY.
X. This leose ~greement wn:anns the entire ceqreement oi the parties boreto aad ma~y not be modified escept bp ~
siqned aqreemsai in writinq and is bindinq upon the paorties. their heirs, administrartors, sucre~won, aad caaiqns:
~'~~~~Oi~ ~~l~ Robert F. and Donna J. Ballard
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t' OpERA
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~ ank D. Stevens, jr.~President Ro F. Ball ~
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