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A. The lower west portion of the recreation building s
and the adjacent patio area imr~ediately west of sald building.
This area being approximately 40 X 50 outside the building
being more clearly identified by Exhibit I, which is attached ~
hereto and made a part~of this agreement.
8. The southwest corner of the upper level of the ;
building being more clearly identified by Exhibit II, which
is at:ached hereto and made a part of this agreement.
C. That property within the recreation compiex on the
east side of the main boulevard leading into the comp]ex
and m~re specifically identified by Exhibit III, which is
attached hereto and made a part of this agreement.
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2. TERM. The terms of this lease shali comnence on the =
date first above mentioned and shal~ end on the ~ day of
19~?b, with three five-year renewable options, at the option of the
Lessee.
3. USE OF PREMISES.
A. The properties descri~ed herein and before in Section
_ I, subheading A, will be u~ilized for the installation and
o~eration by Lessee of a sRack bar type restaur~ant.
6. Properties described in Section I, subheading B,
will be utilized for the installation and operation of a ;
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private lounge for use by lot owners and their guests only.
G. Properties described in Section I, subheading C,
will be utilized for the installation and operation of a
miniature golf course to be operated by Lessee.
4. RENT. Rental for use of the herein and before referred
p:roperties shall be determined in the amaunt of ten percent (lOX)
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of the net profits reali2ed from ihe operation of each of these lease
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facilities and payment of said amount shali be to the account of the
Condominium Corporation each quarter cormiencing at such time as each
installatiQn becomes, as is in fact, operational.
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B~oK 2~.1 2919
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