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g 3 Lessee agrees to pay to Lessor as rentai for sa~d prem~s for sa+d or~g~nat tarm ~he sum of ~'O ''':~'~~A`~ Forty-SC~'en
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~ paY~e in monthly ~nstailmentz of ~~:e_ O:'S~ii;1 SCQ ..'.i•^. 32'C~i JCYC';l ~y`-5? :i ~S:~l ~1`.~l
Dollars
IS _ Z];r j'_' ! each ~tast ~nstatlment may be uneyuall, the fust ~nstallment due and peyable on or betore ihe last day of
' C.C~.O~CT ~g ~i , and a I~ke mstaUmem on the tast
~ - day of each monti~ thereafter until the full amount is pa~d. Rental
~ may be pa~d by check or draft of Lessee, ma~led or dei~vered to Leuor on or before the due date.
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4 4. Lessor agrees, dunng the term oi th~s ~ease, to ma~nta~n and keep the sa~d bu~ld~ngs, structures, ~mprovements and eqwpment hereby
~ ieased co+~stant
good cond~t~on and repa~r, and to perfo~m any necessary work of mamtenance, repa~r and/or restoraLOn, at such Umes and
~ m such manner as not u~reasonably or unnecessanly to ~ncertere wrth Lessee's use arul occupancy of fhe ~eased premues. If the Lessor, after
~ wntten demand of Lessee so to do, shall fa~l or refuse to ~mmed~ately make a~y necessary ~eps~n and/o~ restoraUOns,lessee shall heve ihe nght
~ ~o make such repa~rs andlor restorat~ons a~d charge the expense thereot to Lessw, wh~ch expense Lessor agrees to pay to Lessee on demsnd,
anA unal repa~d to Lessee such expend~w~e, so made by lessee for the account of Lessor, sha11 bear ,nterest at the rate of 6% per annum. The
Lessor, however, shaii no; be re~wred to repa~r a~y darrwge done or waste comm~ited upon sa~~d prem~ses bv the Lessee, but the Lessee shail
repa~r or restore any and a1i damage or waste caused by Lessee.
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FCRUER~Y N~ 70 PR:N . ED +ti ~.5 ? `
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5. Lessor agrees tp aN 1~cM„ nts, charges or expenses that may be lev~ed or asseued against sa~d ~eased prem~ses, ~nciud~ng
a~l b~~id~ngs, struC ~t~OVMMrIts ~prt~ent thereon belo~ging to lessor, for and during the term of this tease, and to submlt to
Lessee, upon request,~p~pb pr pdNr ev~derue showing such payments. Lessee agrees to pay a~~ taxes and any other charges that
may be lev~ed pr t and property Iocated o~ sa~d teased prem~ses. In event lessw should fa~t or refuse to pay such
taxes or assessnien~- i , essee shal! have the nght but not the oblrgation to pay same for the account of Lesso?. In the event
Lessee pays ~uch taxes or assessmenK of Me Lessor, Lessor agrees to re+mburse Lessee therefor upon demand, and until repa~d to ~essee such
expend~ture, so made by Lessee for the account of ~essor, sha~1 bear ~nterest at the rate of 64b per annum. In the event lessee pays sucA taxes
or assessments of the Leuor, Lessee sha~? be subrogated to alI che r~ghts of the hdcfecof such I~en and ~n tfie event of a foredosure of any wch
~~en ~ the sale of the leased prem~ses, Lessee shal! have the r~~ht to tx,y ~n sa~d ~e~d premises fqr ~q ~wn account.
6. lneor pr~ts, st L~asw't so~~ coa ~nd sxp~rn~, contemponrnaialY wiN+ eM •~c~cuuon ot this I~e by Las~. to ~nwr~ the
~ddu+~, structura snd ~mp.orernents now construcMd or to b~ construcad on Ha tsnd d~sc?~b~d ~6ov~, in son~ ~nw.snce ca++p~nY or
corr+p~mes ~utf~ori:~d to t.snssct bus~n~n in th~ Snze m whrch th~ prap~rty ia f~twt~d fw tfw sound ~ue ththof aqrn~t fiA ~nd ~at~r~dM
coveraq~, nnM lou cfauses paysble so~ely to Lessce, ~ts successors w au~gns and to keep such ~nsura~ce in tull force and ~if~ct fw a~d dur~ny
the penod any build~nys, ft?uctu?!s Or imprpvements art be~~g constructed o~ sa~d ~snd, and thereafter dur~ng the futl te?m of this lesse. lssso.
agrees to dN~ver the oN~nal policy w pohcies of ~nwrsnce, and stl rsnevwls thereof, ss soon as vK~tten, to Ls:see, the msursnc~ Cort+psny p
, tort~psn~es snd torms of policy to be spproved by Lessee. The sa~d pd~cy or pdici~s, snd a11 renewsls thereof, shalf prpv~de sgainst CartcellsUOn
v or ttrm~nat~on thereo~ ezcpt on at Issst te~ (10) day: edvance wnttsn not~ce to Lessee. At lesst ten (10) daYS pnor to th~ dste on wh~ch such
TI pd~cies e~pire, Ltuor shs11 fur~~sh Lessee nnth rcnew~l pdrcits. In event Lessor should fsd w refust to so furnish such pot~cies in !M f~nt
inst~nce, or ren~rwl pohc~ts, ~s the pse m~y b~, then Lesse~ shs11 have the riqht, but not the oblipauon, to D~«un any inwrsnte coa~rage
d~emM ppropnate by lessee, and to pay sll pnmwms the?eon, snd l~ssw ayre~s to r~~mburs~ LessM, upon d~mand, for sny suM prem~ums
~ w pa~d bY Les~ee. In ev~nt of damage to or destruct~on o~ th~ buildings, :tructuns w improv~ments on said Isnd ~rinq the t~rm of this lease
from s~ ~nwr~d cause, Lessee sha11 ha+~ the exctusrv~ ripht to sdjust snd ssttte all losui (which adjustment s~+d settlrmsnt sNll be conctus~ve
x?d b~nd~ng on Lessw) ~nd to collxt ~nd rectipt for sny snd a11 mo~sys thst m~y becorn~ wrsa. u?d ~di.~ua. ~~e. .~,cn ~Kr w
pd~cie~, o~ sr+y of tham, ~nd Leuee shs11 hsve tM opaa+ to (s) use a~y in~ura~c~ proc~eds w cdlxtW by ~t for the npsir or restorst~on of
s~~d budd~~ys, structurn ~rsd ~mprovsmentt to th~ ssrrw condition as e:~st~d priw to such d~y~ or d~struct~on in accorcl~nc~ v~nth any
o.d~nsnces, Iaws or reyulsuons chen in sifect, snd it therc should ba any m~u?snce procwds cd~~cad by Less~e in ~acess of tM cost ei wch
rparn w.estor~uon, L~s~aa shsll pay tn~ sa~d .em~~nd~r of th~ mwrsnc~ prace~ds w~r to L~ssor, lesi ~ny ~rnounts dw s~d ow+ny to Ussae
bY Lnsor, irretp~ct~ve of how wch indWudnsss msy hsve ~nsen; prov~dod, hov~w~, th~t Lesse~ sh~ll not b~ obli~t~d, eapresdy or impli~dlY.
to ~aper+d mor~ th~n tht smount of ~nwrsnce procs~ds coMact~d by it in maki~y tuch repa~rs w restwsUOn, a~d if M~ inwra+c~ p.oc~tds to
cdlacted sre inwff!uent to p1ac~ tfie build~nq~, stn~ctures ~nd improvem~na in the saM cond~t~on as ~xisted p~ior to suc~ damaye w
_ destn,ction, thw? l~sso• pree~ to pay Leuee, upo++ der*+K+d, the ~mou~t by whKh tfi~ cost of ?~p~irinp a r~stw~n9 said build~ny~, structures
_ anA ~mprovem~na to Me sam~ cor?d~t~on ~s ~~ciited pno~ to such dan~ye or dsstruction ~xcMds th~ inw~~nc~ prae~dt w cdl~ct~d by Laset:
w(bl p~y ove. to the Bank nrmd ~n the Au~qnment o1 H~r?q pct~on hereol so much ot tM ~niur~nc~ proce~ds a~ ~n nec~psry to p~y in fu11
th~ unps~d D~~~+c~pN bNa+c~ a~d ~cuu~d internt owiny on th~t c~.uin Not~ nhrred to in said Asspnm~nt ot Aenq (wMther or no! tf~en durl
and p~y the nmsirdh of tM inwrsna proceed~, if ~ny, ove. to Lesso~, Ins eny ~rnounq du~ ~nd owinq to Lssu~ by Leaw, irrap~ctrre of
- how wch ind~btsAness may hav~ a.~sen; or (c) in ~vent th~ i~sursnc~ p.oce~ds cdl~cad by l~s~se an ~nwtf~c~tnt to b~cl»ry~ s11 ind~pttdn~sss
owiny by L~or to Leun and ako dachsr9e the unpi~d pnncipat b~lance and ~cc?u~d mtenst ovwny on s~~d Not~, a++d ~n ev~nt Less~e d~cts
_ ~ot to ufs sa~d proce~ds fw !h~ reps~r or .estorstion of the aforssa~d build~n9s, structurss or impranrrr~tf, tl+en lefsw cownants ~nd pre~s,
= on demand of Lsss~e, to pey ova to Les~ ~n ~mount in cash which, wh~n sdd~d to th~ ~n~urance poceeds w cdl~ct~d by l.~ss~e, wi~l be
wfticNnt to p~v aft ind~btsdness ow~rq by L~ssw to Lessee and diuharp~ th~ ator~~d Note, princ~l r?d accru~d ~ntaest. On ~~c~ipt ot ~id
cpA ~rnount lrom La~w, Lessee Mntl pay ove~ to tfit Bank • wff~ci~nt Knount to d~fcl?~rqe tF?s Not~ in (ull, wMth~ o~ not tt?en dut. Upon
te.minauon o1 tha lem, ~ny unexp~~d poht~es procured by lesso. snd held by Les~ shall b~ ssspn~d r?d dNiv~red to L~sso?, ~+d a~y
- n~expned pol~c~es p.ocur~d by Le~ shsll, ~t th~ optw~? o~ Lesa~, be uncNl~d ~nd ~urrrndtred, ~n which went LessN ~hall n~mburp ~nsa
= tor ~ny urwern~d prtmiums nc~ned by Les~ee lrom th~ ~nw.~rx~ compania ss • rewlt of tht unc~llation ~nd sur~end~r o~ fuch ~
_ pol~cKS. / i
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IORM 1200.tA)t 1hT11 PqINTED IM U.!-A. aV~jK~(~s ~~lj~
~flox ~9s ~~f~.358 ;
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