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T4:o i:~u'!dred Forty-Seven
3 Lessee agrees to pay ro ~essor as rental for sa~d prem~s to. sa+d or~gn~ai cerrn [he sum of
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payable ~n monthly ~nstallmenls of ~~I~e_ n' ~~`iT: ~ .I'~P. L: C:. :iC~'C;? ~j'~:i1X ~I:•~ ~ j/1.~
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~S 1? 1+ ~ 1 each (~ast ~nstallment may bz uneyual), the hrsi ~ns[aument due and payaWe on or t~efore the Iast day of
~,'f.o~~ei' ,~g , and A like ~nsta~imenl on the last day of each month thereafter unhl the tull amount is paid. Re~tal
may be pa~d by check o~ drait of ~essze, ma~~ed or de~~verecf to lessor on or before the due date.
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; 4. ~essor agrees, dunng the term of th~s lease, to ma~nta~~ and keep the sa~d bu~ld~ngs, strucwres, ~mprovements and eywpmeM hereby
! ~eased ~n conztant goocl condit~on and reua~r, and ~o perform any netessary work of ma~nrenance, repair andlor rrs[orauo~, at such umes a~d
i ~n such manner as not unreazonably ar unnecessar~ty to mterfere w~th Lessee's use and occupancy of the leaseci prem,ses. If the Lessw, ai[er
; wr~tten dema~d of Lessee so to do, shail (a~l or refuse to ~mmed~ate~y make any ne~:essary repa~rs and/or res~orationz,Lessee sha~l have the nght
! to make such repa~rs andr'or resioranons and charge the expense thereof to Lessor, heh~ch expense lessor agrees to pay to lessee on demand,
F a. ~::r.;~~ ~~~d to lessee such expend~ture, so made by lessee for t~e sccount o( Lessor, shali b¢ar ~nterest at the rate of 6q6 pe~ annum. The
? Lessor, however, sha~l not be reqwred to repau a~y damage done or waste comm~tted upon sa~d prem~ses by ihe lessee, but t~e Lessee shall
~ repa~r or restore any and aU damage or waste caused by Lessee.
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~z 5. Lessor agrees to p~v ai~ taxes, assessments, charqes or expenses that may pe lev~ed or assessed aga~nst sa~d leased prem~ses, ~ntluding
a~l bu~ld~ngs, structures, improvements and eyu~pment thereon belong~ng to lessd, for and dunng the term of this lease, and to wbmit to
Lessee, upon requezt, rece~pts or other sat~sfactory ev~~ence show~ng such payments. lessee agrees to pay all taxes and any other charges that
- may be Iev~ed or assessed aga,nst ~ts equ~pment and property located on sa~d Ieased prem~ses. M event Lessor should fa~l or refuse to pay such
= ta;es o~ assesunents before del~nquent, Lessee shail have the nght but not the obl~gat~on to pay same fw the account of ~essor. In the event
Lessee pays such taxes or assessments of the Lessor, lessor agrees to re+mburse Less~e the~efor upon demand, and un[~I repa~d to Lessee such
expendrture, so rr2ade by lessee for the account of Lessor, shall pea~ ~ncerest at the rate of 6%per annum. In the event Lessee pays such tazes
=-a o. assessments of the Lessor, Lessee sha~~ De subrogated to a~l the nghts of the ho~dei of such I~en and ~n the event of a foredosure of any wch
= ~~en and Me sa~e of The ~eased prem~ses, ~essae shy~ have the nght to buy ~n sa~d feased prem~sez for ~ts own account.
d. l~o~ s~r~es, st L~w's wN cw~ and •up~ra~, cont~m~w.sn~oudr vNM tM e:~wtron o1 Mis I~e by les»~, to ~nwrs the
w~~+~Id~n~c, st.vctuns and ~mp.o~n»na now construcad o? to b~ construct+d on t!w bnd dncnbed above, i~ sa*+~ ~nw.a+c~ comp+ny a
_ ~ con+Pames sutl+wi:~d to transact busi~x ~n Mt StiM ~n ~IIA~Ch 1hf D~~V~nY K i~1LitM f0~ Lhf fOY~ vNW thl~lOf pMMI I~i~ M1d ~xtM1dld
- ~ coverp~, nnth loss cisusss payabia so~Ny to Lessce, rts successors w au~gns snd to keep such ~rnur~nce m tul? fpce s~d sff~ct for a~d dunny
; ~ lht penod a~y bu~ld~nys, structures or ~mprovem~ntt sro M~~p construtted on ss~d tand, snd theresfter dunnq the full term of this lesse. Leisa
„ sgrees to dN~ve. the w~y~ns~ pollcy or policies of inwrance, snd sll ranevwts th~reof, ss soo~ ss w.itten, to Lesse~, the ~nswsnc~ cornpany or
°`G c n~es snd forms of
- , ornPs pollcy to be spprovsd bY Lessee. The ss~d Dd~cy or pd ~ues, snd sll renwrsls thereot, shsll prw~de ~pamst cancNlsUOn
- or t~rm~n~tion thavot ~zcpt on at Ieast ten (10) days sdv~nce wr~tten notice to Leue~. At ~east ter+ (101 days pnw to tM daq on wh~ch sucA
yY~;~ Pdic?es e:p~?e, Lessw shal~ furnish Less~e vwth nnQwsl palK~es. In event Lassa sAould ts~l or refuse to so fum~sh such polKla in the f~nt
- N ;~~,il, instar+ce, w ren~wd polrcies, as the pfe may be, the~ l~sse~ shsll have the ri~ht, but not th~ obl~pet~on, to procu~e any ~~w~snce covsrage
~ d~emsd app~opnate by Lessss, snd to paY a11 prsmwms thenon, s~d Leuo? aqrees to n~mbur~ ltss~t. upon dsmand, fa anY sucA p~~m~ums
~ w ps~d b~r LessN. In ev~nt of dsmap~ to o? dest~uct~on of th~ build~n~, sauctures or improvertrnts on ssid land duriny tM tsrtn ot this lease
from an inwrsd c~us~, lessM sha11 hav~ th~ ~xclus~ve npht to ~djust snd seals a11 loues (which ~d~ustment and ~ettlerrwnt sha11 be conclus~ve
snd b~nd~n9 on Lessor) H+d to co~lsct u+d rete~pt fo? ~ny ~nd all mon~ys ehat rt»y bscor*+~ WYable ~nd cdl~ctibte undt~ sucA polrcy a
` policip, or ~ny ot them, ~nd Lesses ~1+s1~ hsv~ the aption to la! use any ~nsuranc~ p.ocMds so cdlected by rt fw tM rspMr o~ restwst~on of
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sa~d bu~~d~nps, structurn and ~mpsovan~na to tl~~ s~m~ cond~uor+ as ~,c~sted pr~o~ to such d~y~ w destruct~on in accord~nc~ w~th ~.,y
ord~na~+ces, laws w reyulsUOns then ~n ~tfect, and ~f thtre sl~ould be any ~rssur~nc~ proc~eds cdl~cted by LessN in excets of tM cwt of wch
npam or resto.sua+, Lea~e aha11 pay tn~ ~a~d nmsinds. of the ~~wrsnce proceed~ av~ to Lessor, t~u ~~y amounts due and owinp to less~e
bv Leswr, ~.re~cuve of how ~uch indeb~ed~as m.~ naw.ns.n; p.w~d~d, howeve~, tAat L~sse~ shs11 not b~ oWiq~tsd. Q„pr~y or fmpliedlv.
= to sxp~nd more thsn th~ ~mount of inwrsnce procMds coMscad bY ~t in rryk~np uxA npa~.s o~ rtsto.ation, ~+d if M~ inw.anc~ proc~edi w
- cdlecced ~.e insuft~cK~t to ptac~ th~ bu~~d~ny~, ~trvctu.es ~nd ~rnp~ovemenq tM ssr.w cond~t~on a ex~:ted p.io~ to ~vch d~ma~ o.
' destruction, th~n Lessw pr~ to psy lK~ae, ~pon dema~d, tht amount by r~~ch tM cost of np~inny or restor~n9 sa~d build~nyt, scructur~s ~
and improvem~nts to M~ sam~ cw?d~uo~ ss exnted pr~w to ~~ch d~rn~qe o. dest.ucticr, ~xc~eds the ~nsurance proceeds w cd'~ct~d by L~ssa+:
w(b! pay wr~r to Me Bank nsm~d m M~ As~+qnrt~ent of R~np Wcuon Mrsof w much of tM ~mw~nce poce~dt a sn n~c~s~a?y to p~y in fvll
Me unpsid Prine~pN bdanc~ a~+d accru~d int~rest owinq on that c~rtsi~ Not~ ~tferred to in said Asspnm~nt of R~nts Iw~+ttAt~ or not tMn clw) ~
~d p~Y th~ ~~inc1N of tR~ ~nwr~r.oe prots~dt, ii ~ny, o~ to lasa. I~ss ~nY amounu du~ snd owinp to l+sa~ by tKSO~, i.n~p~ctrv~ of ~
how wch ind~bndness m~y hs~ ar~~n; or (e) in tvK+t the iniur~.ice proce~ cdl~cttd bV l~aw an ~nwff~cwnt to dsdrrqe ~II in~bt~dneip
owiny by Lesto~ to ltuee and Nso d~tthsrpe the u~~d pr~ntip~l bNa~ce ~nd ucru~A inter*tt w~nrq on sud Not~, u+d in svent Less~s Nects ~
- not to ute w~d proce~M fo~ th~ repav or nstonbon of tAs aforewrd build~nqs, ftruCturlf p ~rtlp~OVM~fntf, M•~ Laso. covensnn snd.qrees, '3
on dema~+d of ~es~e, to psy ov~. to Us~ ~n ~rnwnt in u~f+ which, wh~n ~dd~d to tM ~~•~.a~. w«.Qd. so cai.cc.d ay vwtl b~ ~
wif~c~~nt to psY all ~~d~bt~dness owinq br l~aor to lasaa and dischar9e th~ afasu+d Noa, princip~l and xcrutd ~nterat. On r~c~+pt of ~a~d
: ca~1? ~rnount from La~a, Lss~se vinll pay ow~ to M~ Bank ~ wlticront amount to d~~cMrQt th~ Not~ in full, whatMr or not th~n du~. Upon ~
tKm~nat~on ot thn I~a~e, ~nr une~cp~red po~~aes procund by lasor and hcld by LasM d+~lt be as:~pn~d ~nd dalrv~rW to lbfo?, a~d s~+y _
_ nn~xp~red pd~eNt protur~d by Lesee sh~ll, at th~ optw~ of LtisN, b~ cancNled Md surrtnder~d, in which tvwst ~osta~ shall rs~mburp l~tsa
- fw ~ny unam~d pnmiurrK recaved by Les~ee from th• mw.anct compsn~y af ~ rewlt of th~ uneNl~bon ~nd sw~ndt. 01 wch ~
po~~c'es. ~ <
iORM ~=Of.~A71 1~•7t1 ONINrEO IN u.s.~. BOOK i~~ ~nGE
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