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herein called "partial year", shall be in the same proportion
that such reniainder bears to a whole calendar year. '
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2. When Due and Pa able. Rent for a calendar year ~
shal-1 become L$ on anuary o such year and shall be payable
in twelve (12) equal monthly installments on the first day of i
each month durinq such y~ar. Rent for a partial year shall be j
due on the first day of such partial year and shall be divided ~
into as many ~qual installmenta as there are remaining months in
such partial year and one such installment sha11 be payable on
the first day of each of such months. If the Lessee shall fail
to pay any ii~stallment of rent within 15 days of the day the
same shall become due, the Lessor may elect to declare all past
due installments of rent and all installments of rent to become
due during the remainder of such calendar or partial year, then
due and payable in full as if~such aggregate sum had originally
been stipulated to so become due and payable in full.
ent to Cost of Livin . Rent for calendar ~
3. Ad ustm
year provided to e pai un er . is ased upon the cost of ~
living for the month of September, 1971 as reflected in the
"Consumers~Price Index, United States Average - Al1 It~ms ana
Food", published in the Monthly Labor Review of the Bureau of t
Labor Statistics of the United States Department of Labor and ~
" is herein called "basic rental". The basic rental shall never ~
be less than as set forth in 6.1 and once increased pursuant to ~
the provisions of this section, shall never thereafter be de- ~
creased.. Subject to the foregoing,.the basic rental shall be
adjusted in the following manner to reflect increases in the
cost of living as set forth in said-Index, or, if there be no E
such Index, then by the most nearly comparable successor to the ~
Index, adjusted to the September, 1971 base. Increase in basic
, rental shall be computed and be due on January l, 1974 and on the ;
first day of January of each and every seventh- (?th) year there- 3
~ after, each of which dates is,herein called a"computation date". ~
~ Each increase shall be in effect commencing from the computation
~ date until the end of the tena unless further increased at a sub-
~ sequent computation date.~ The amount of increased rental shall ~
be arrived at by multiplication of~.the basic rental by a.fraction ~
of which the numerator shall be the Index number for the Septembe "
first preceding such vomputation date and the denominator shall ~
be the Index figure for September,1971. The increase in the ~
basic rental as obtained shall be payable, together with the
basic rental. If there be no Consumers_Index or comparable suc- ?
I cessor thereto, then the increase contemplated herein shall be ~ 4
' established by arbitration as elsewhere herein provided.
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4. General Proviaions. All rent shall be payable.in 3
current legal en er o e United States of America as the ;
same is constituted by law at the time when rent becomes due. g
~ Rent shall be payable at such place or places as the Lessor shall ~
; from time to time direct, in writing, and until notice of change :
~ being given, all rent shall be payable at the place notice is re-~ s
quired to be qiven to the Lesaor as set forth in 25.21 . Ex- i {
tentions, indulgences or changes by the Lessor in the manner of { ;
; time of payment of rent upon any occasion shall not be construed
as a waiver, indulgence or change upon any subsequent occasion.
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~ OBLIGATION OF LESSEE TO PAY TAXES, INSURANCE PREM UM , ~
UTILITIES, AND REPAIR AND MAI AIN PREMIBES.
AO~ER S GRANOOl~f ~1 ~ - ~ - I f_
A77c~tiEYS AT uW. r.A., Taxes. i
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P O. OOX ~SII i
BAYSH011[ OARO[N~ ~ (a) Generally. The Lessee covenants and agrees ~ ;
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