HomeMy WebLinkAbout0434 LEASE
~fADE the 20th a~y ~ September 19 7T bctv?'eea V. S. H. REALTY, IWC. , a Rhode
Island Corporation (hereinafter ali~a ~ CUMBERLAND FARMS FOOD STORES, I~~C.
a~~~oA ot~~~ ~ the State of F1 ori da
and havir.g its usual place of busiac~ at 777 Dedham Street, Canton, Massachusetts
(fxceioafter caUcd the Lessee)
Wll'tiESSET~I, That iu consideraaoa of the reot and covenants herein agreed oa the part of the Lessee to be paic~
performcd and obsencd, tbe Leuor doa hereby demise and lease unto tIx I.asoe tlut propatq i~ Ft. Pierce ,
St. Lucie County, Fl ori da r.o M U. S. ~1 and Palm Avenu~
fur,her dauib~d as:
"Being one unit measuring approximately 40` x 60' of
- a one-story, two-unit concrete block and masonry
building measuring in total 4800 square feet, and
located at U. S. ~1 and Palm Avenue, Ft. Pierce,
Florida."
TU ~iAVE Al~'D TO HOLD TI~ SA,titB for tbe wm af Ten (10) Years
~gl~s ~ December 1, 1972 ~a.«~a;~ on November 30, 1982 ~
sooner tumimted u heraa provided at a rental of ~50~•~0 ,pu montbr P~l~le moatW~ in adrance on the 5rst
bus?nas day of nc6 aooat6.
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The Lessor aad tbe Lasee ach ia tonsiduatiou of cbe coveaants and agreemeats of t6e other haein cootained, do hereby
mutualiy covenant and agree wieh rapect to tl~e coveoants applicable to t}xm rapeaivdy, u Eollaws:
i. I.essee agrea to pay renc m the Lasor at the time aad in manoer aforaaid, u swd when the said reat shall baome
due u~ payable. ~
2. In csse of failuce on the part of tbe Leuoe to pay the total ~ any monthlq instafSment of said reut withia ten (10)
days subsequrnt to tne above speci5ed time ot. in ease the Lasee shall fail or neglect to paform or obse~ve ao~ of tlx other
covenwts~ ~reen~ents ~nd conditioos mntiaed in this lcase, oa its part to be performed or obseived. and if ~.essee shatl fait
to ta',-.e such reasaaabie action as a~ap be oecessary to cure said default, neglect or aon-paformance withia 6ve (S) days aftor
receipt of cotice thereof fcom the Leuor by ngisured mail. then ia any such case it shail be lawful for tLe I.essor thereupon,
ac ais option, to rnta upon the premixs and reposscss the same as of his former atue, and to ezpel the Lessee and those
clai~ning by~ tniough or under it, and remove their goods and effccts without being g~ulry of any manau of ttaposs and without
f prejudice to any ranedies which mig6t othecwise be usod for urears of reat and upon eat:y as aforaaid~ tLis lease shall
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urm;oate.
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j 3. Lessor agrecs to m~lce and auume rapoasibiiitq for any major suuetural repairs to the pttmisa thst baoma neta-
3 sary duriog the term or acteasion oE tbis iaue, and to lceep t6e ezterior oE the pcemises in ~ood ordu aod tepa'u.
~ 4. Lessor Ixceby covenants and agrees to pay all taxa, charges or assessments. -ieek~iio~-dntg~~or-tLq.u~?.oL-eve~
~ which have been or may be assessed or chacgod agziost the demised premisa by any municipality, 5re, +~n~r or sevva disuict,
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; state or od:er goverameatal agency or division.
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~ 5. i.~ -c~rcwant~snd-eb~lc?-iw~ee~- ~nd-;ccv~s ~oc~c~ ~t~• tspewsq,-glit~ giue~o-liN d~n+ired-~r~ira. _
6. Lessee covenants aad agcea thac .it witl provide and Ieep in Eorce insucance poticia protecting Leswr uid/or I.essee
from liability in an unount not las t}un One Hundred Ttwusand Dollus (5100,000) in rapect to aor one aaident or disaster
E aacl in aa wwunt not leu ttun Fifry Thousand Dollars ($50,000) ia respect to injuriea to aay one persan.
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7. At the expinaon of said tam or atensions or rwewals tbereof or other tamiaatioa of this lease, J
essee covrnants
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. and agrees to prace~bfy yield up to Lessor tbe demised pramses in good cepair. ordinuy use and wear tbereof and damaoe
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; by fire or ottxr casualty. includ;ng u'~mage by the dements` a~cepted.
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8. It is mutually agreed by and betwecn the pucia that in case the demised premisa ot any pottion thaeof shall be
damagrd by 5re oc ochu uoavoidable asualty so that the same shal{ be un6t for oaupation and use, a just abatemeut of the
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rent shall be made until the same s1uU be properiy repaired by the Leswc; provided, boweva. t6at if the T.essot slull not elat
f to repair the same, thcn, in that evcnt, the lase shall become null and vo;d. at tlx election of the I.exsee~ and tbe ri~ht of the
' I.essor and Lessee under this Icase shall be taminated; and pcovided furt}xr~ that in the e~mt tbe Lasoc shall doct to repair
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} dx dem~sed premisa, uid re,~aic and raoasuuctioa shall be uneiectalcen ;n s nasoaably pcompt mamer. noc to acceed
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thirty ( 30) days.
: a~~r 217 P~~~ 430
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