HomeMy WebLinkAbout2156 year of coverage, the adjusted rent shall be the difference between the
cast of the coverage for the first(lst) year and the coverage for the year
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the cost is increased or decreased. Any increase in premium resulting from
a change in carrier only is not to be considered for an ad3ustment in rent.
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7. Provided this Lease is not otherwise in default, Teaant 3
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shall have the right to renew this Lease for tvo (2) additional terms of
five (5) years each, upon the same terms and conditions as heiein contained,
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except as to rental, com~nencin~ the d,ay after the exFiration of the original ~
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term as to the first renewal term, and the date of expiration of the first #
renewal term as to the second renewal term. The rent for the additional ;
terms of five (5) years, commencing on the ~ate of such renewal, shall be an '
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amount to be paid monthly equal to the rental for the twentieth (20th) year, ;
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provided above, increased by the ratio of said amount which the then existing ~
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Consumer Price Indeac Rents on the date of renewal sha11 bear to the Consumer :
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Price Index Rents as of the first day of the origina]. term as established by ~
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the Bureau of Labor Statistics of the United States Department of Labor. In ~
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no event will the rental for the renewal period be less than the rental of "
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the original term. In the event the Tenant shall desire to renew this Lease ~
for said additional terms, it shall give written notice to the Landlord ~
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not less than six (6) months prior to the expiration of the original term ~
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or first renewal term, as the case may be, of its intention to renew this
Lease.
IN WITNESS WHEREOF, the parties have hereunto executed this Agree-
ment in duplication on the day and year first above written.
WITNESSES: -~1 ,
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J e F. Benjamin
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FLORIDA POW~ •L~,cx~:.C~o~(l ;
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' ecretary ~
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(Corporate Seal) 4 ~g
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