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HomeMy WebLinkAbout0577 I ~ R P![ C ~5 7 ~F Y a ~ • ~ _ _ r . , , 22. In the event tha* the prom~uory note referred to ~n Paragraph T6 hereof becomes fully pa~d and diuharged pnor to the expirst~on i ot the w~g~na~ term hereoi, th~s ~ease shail be co~s~dered in an extended term for the purpose of constru~ng Paraqraphs 6 and 7 hereol for the . durat~on of the ongi~al term hereoi. 23. Any not~ces under or ~nqu~nes re~srd~ng th~s ~ease sha~! be detivered to Lessw at ~^L~tr Place, V~TO Beach, F~.O*ldSt_ Jc?b0 and to Lessee at 200 East Gdt Rosd, Pslati~e, Ulmas, Attenuon Real Estate Manager, or such other address as the part~es may from t~me to time des~gnate in wr~ting. Notice maN be gwen bY ~eg~stered ma~~ or cert~fied ma~~, and ~n s~ch eve~t the date of serv~ce sha~~ be the date on wh~ch Me not~ce is deposrted in a United States Post O~fice, properiy stamped and addressed. 24. It ~s expressly urxierstood and agreed by and between Lessor and Lessee that.there ~s no verbd understand~ng or agreemewt wAich in a~v way cha~ges the terms, covenants and cond~tlons herem set fprtfi; and further, that !h~s lease shali not be b~nding upon lessee unless executed by a duiy authonzed ofi~cer or agent of Lessee. ~ ~ ?5. In the event Mat tfie ong~nal term hereof is extended by reason of the provisions of Psragraph 7 hereof, then the options ior - e¦tended terms prov~ded for in Paragraph 2 hereof shall be exerasaWe at least th~rty (30) days prio~ to the term~nat~on of tfie or~g~nal term ss so extendeci and-if-tfie opt~o~ ~s exerused the extended temn shall commence on the day next tollow~ng the termination of the w~gi~a~ term as so extended. M the event the current term hereof ~s extended by resson of the prov~s~ons oi Paragraph 14 hereof, the opt~on for extended terms prov~ded for ~n Paragraph 2 hereof shall be exerc~sable at Ieast thirty (30) days pnor to the terminaUOn oi the current term ss so extended and ~f the opt~on n exerased the eztended te~m shalt commence on the ciay next fd?ow~ng the termmat~on of the current term ss so eztended. ~~;les S~?. ~of£ey~ ~osep%: S. Eazn~r. and Joe H. Earmasi 26. Lessor, ~n cons~deranon o( the payment to be made to lesso~upon finsl de~ivery on behNf of the Lessor of s certa~n p~om~ssory `I`.~o :-~:r.~3re:i Gort~~ ~even 1=~.o~.:sand Seven Hundred Forty T:ree ~n;i ~io~i00 r.ote ~n the fxe amount of _ _ - oo~~~ ~s 2~~7~:3.40 ~ - ~nc~ud~~g ~nterest ant~c~uated over the per~od of the noce, hereby grants, ass~gns, t?ansfers and sets over to = ~~itinez i,P..l IZZZ2101S ~ = -.?..~._OI:c~.~.~' 8.i:,. 1Z'_ 3i. ~G•i:i~c3.T.;;i O~ i.:.i_'3;0 ..i - - - . rts successors and ass~gns, ~ ~ ~ hav:ng a place of bus~ness at ~ 1~,0 ~ i i112'iO~ N-- • here~~after cafieA the "Bank", out of the ~nstallments of rental due and to become clue under th~s lesse, the sum of ~e T: ousanci ~::2'G'0~ ~.•e . .;e :~e:.1 ~ ar::: ~ ~J . ; ~c ~ - - - _ - - - - - - - - - pco ~ O ~oliers (S ~~7t" ' 3~-_ 1 per montfi until the enUre ~rnount of the sa~d nota. ' - ~ogecher w~eh ~nterest. ~i any, ~h~ch may scc?ve after macunry, has b~ae~ pa:d, and che Lesso. ~rrevocaWy wthor~zes ~nd d~rects the lessee to ' psy the ren[ak heremabove sss~9ned to the Bank at rts sa~d plsce of bus~ness, snd tfie Bank to cotlect se~d rentels snd apply tfie same upo~ that certa~n ~ndebtedness ow~ny trom the Lessa to the Bsnk, as ev~denced by the sa~d prom?ssory not~. Nod?~np F?Kan conts+?wd, nor any acaon ~ uken he.eunder. K lnnnd~d or sf?at~ W oonstrwd to durscu?in eM N~sW P~eowa~s aa b~~q ~e tM pos••••~•••: undN tM concral of tM 8ank ~n anv nanr»r whae~ow+r. Th~ l~a»~ henby ackr+oMA~dp~s notec~ of tM w~M~n Aa~p~xnt of Re.~ caM 1o Iht 8~5k. N kE 27. tio~j~xit:;atanciir.g a~y o~~:er provision ::ereof, all purchase options ~ ;;*~~~~'~~1~'~~'' et~1.l be vslid only for a period beg3.raning rr~.th tt,e date of thia leas~ and ° ``''~~'r'i-' en :;n;~ twenty-one (21) Jear~ t~.crer;.fter. . v~ - .