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HomeMy WebLinkAbout1362 ` t i ~ i k ~ ~ tl r ~ ~ R @ ~ ~ ' ~ ~ . s ~ . . - ~ . . . . _ . . . ~ . . . i i ~ . ~ F 22. In the event that the prom~ssory note referred to m Paragraph 26 hereoi becomes fully paid and discharged prior to the exp~railon of the ong~nal term hereof, this lease shatt be conudered m an extended term for the purpose of constrwng Paragraphs 6 and 7 hereof for the durat~on of the ong~nal term hereof. 23. Any not~ces under or ~nqu~nes regard~ng this ~ease sha~l be detrvered to Lesso~ st :~r7~__~tr- Place, `Jero Beac~7~ F~-OT118t j2?l~G and to lessee at 200 East Gdf Road, Palati~e. Ilhnois, Attent~on: Real Estate tilanager, or such other address as the pe~t~es mey from t~me to t~me des~gnate in wnt~ng. Not~ce m2y be y~ven bY reg~stereci ma~~ or cerhfred mai~, and ~n such event the date of serv~ce shail be the date on wh~ch the not~ce is depos~ted in a United States Post Office, properiy stamped and addtessed. 24. It ~s expressiy understood and agreed by and between Leuor and Lessee that.there ~s no verbat understand+ny or egreemewt wh~ch in any way changes the terms, covenants and cond~uo~s here~n set forth; and furtfier, that th~s ~ease shalt not be b+~dmg upon Lessee unless executed bv a duly authonred officer or agent of Lessee. ~ 25. in the event that the ongmal term hereot ~s eztended by reason of the prw~s~ons of Pareqraph 7 hereof, then Me opt~ons for ex[ended ~erms prov~ded for ~n Paragrapti 2 hereof shall be ezerc~sabte at Ieast th~rty 130) days pnor to the term~nat~o~ o~ the ong~nal terrr~ as so extended and if the opUOn is e¦e~c~sed the extended term shall commence or. the day next fotlow~ng the cerminauon of the ong~nal term as so extended. In ~he eve~t the current term hereof ~s eztendecl by reaso~ ot the p~ov~s~ons of Peragraph 14 hereof, the opt~a~ fw exte~ded termz prOV~ded for ~n Paragraph 2 hereof shall be exerc~sabie at least thirty (30) da~s pr~o~ to Me termmauon of the current term a so ' extended and ~f the opt~on ~s exerc.sed the extended term shall commence on the day next fd~owing the termination of the current ta~m as so = extended. /a~l~i ,;3r:e:> ~i. ~affe;;~, ~esep=: S. E~•::~an ar~d ~oe :i. Earr.an 26. Lessor. ~n cons~derat~on of the payment to tx made to Lesso~upon fina~ dei~very on behali of the lesscr of s certa~n promiuory ' ~n the face amount of ~~'G 1~C: Oi ~ JE' :`A:' ..Qu$ATI:: Jz~••_n '.?ui~ :re,: ~''OI'~;J ~ i'-2'ee 871i: ~+0/ ~ l~ , note - - - - - - - 2_~_L~ 1. _ Doqars IS ~ 7?`?.L~ ~ ^o:~tine. t~l Illii.o+s ~ _ ~ndud~ng ~nterest ant;upateci over tne per~od of Me note, hereby ~ants, ass~gns, transfers and sets wer ro_-_-__-_____-- , . . , ; ~ .~;;:or:ai ~aT-_r: a~~.: _o,:pai:~; .;:._.~a.-o - ~ ~ s~ s • _ _ _ _ - - , ts successors and as gn . _ < ~ , ~ ~ . 1 : 1 c.~.:~G) ~~.i~.i~~ _ hav~ng a p!ace of busmess at _ - . - - - • _ ~~here~nafter caUed the "Bank", out o} the ~ns[a~~ments of renca~ due and to become due under t~~s ~ease, tne sum of T_OU~3`lc~ `I:!TCE~ ' ~ .1~.:'ii~~~j ~.f:Y~11~.~~l~Urti- w~1~,4 _ i J,~l~~ ~ ' _ _ _ . . _ . . _ ~~q~-__'_".___"__'____ ^ ' 0 _ _ ~0 ' C°~ Dolla?s iS 1~~?r_ 1 Per month until the ennre ~rnount of the sa+d note, a~O together w~th ~nterest, ~f any, ;nh~ch may ~ccrue after matunty, has been pa~d, and the Lessor ~rrevocaWy suthor~zes snd d~rec[s the lessee to pay the renta~s here~nabove ass~ynec to the Bank st ~ts sa~d pixe ot b~.s~nezs, and the Bank to cdlect sa~d renta~s snd apy~1; tbe same upon that - certa~~ ~ndebtedness ow~nq from the ~essor to the Ba~k, as ev~denced by the sa~d prorr~~:arr not~. Nodnn9 tman conta~nad, nw any act~on mi - uke~ h~eundK, ~s intended or d?MI be eoruc?uvd to charsceK~s~ tM lee~d p?~misu a~ bNry m tM poe~••*"^ unda the contrd of d+e ' B~nk u+ anv rtw+nK whatw~v~r. Th~ Lsss~e ??K~bV acknoMA~Op~s noua ot ths vMth~n Ass:qrxrn~t of RK ~s to tM YaSk. --.~r~'-- ' ' ~ - ~ F,~E 27. iio~c~wit:~s`~.ac'-~ir.g ar~y oti~er provision :ereof, all purchase options J ` N tti: t3,.e date of this lease sntl ,tq~~~~ at~all be valid only for a period beginninF, Sr'~ ~ en~in$ txenty'°ne ~21j yeax's Li~ereafter. ~ J ' - _ _ _ : , :