HomeMy WebLinkAbout0002 .
~ ~ ~
. . . '
. , ~
i'
,
C) Taxes for the year 1969 ~~ill be paid by the I.essee on
a pro-rated basis, commencing as of the date of the commencement
of this l.ease, anci taxes for all subsequent years during the term i
•
of this Lease shall be paid by the Lessee. ~
D) Easements, if any, for public utilitiES heretofore ~
granted or reserved, j'
. .
II.
~
ACCEPTANCE 01~ Dr~IISE BY LESS~i~: '
~
~I~he Lessee, in consideration of tlie covzi~ayits of Le~sor,
and tor the furthei• consicleration~ her~in s~t out,ha~ rcnte~i,
leased and hii•ed, and does hereby rent, lease and hire the
demised premises from the Lessor, on the terms anci conditions
- hereinafter stated. -
III.
DURATIO\ 01= 1'ER~1:
The original term and duration of this Lease shall be for a
perioa of twenty (20) years and a fraction ot a month, beginning
; on the first to occur of the follo~aing (i) the 120th day~ after
,
~ the execution a~f this lease or (ii) the day the demised premises
~
s opens for business, and terminating on the last day of the month.
' in ~c~hich the ti.rentieth anniversary of the commencement date occurs,
~ ,
~ unless the sar~e be soonei- terminated by the Lessor in accordance ~~rith
~ the terms hereof.
~ -
~ Lessee shall have the right at its e'_ection, to extend the
original term of this lease for an additional period of ten (10)
~ years co;nmencing upon the expiration of the original term provided
that Lessee shall give Lessor notice of the exercise of its
election at least twel~te (12) months prior to the expiration of the
~
~ original term and provided further that I.essee shall not be '
= in default at the time of the giving of stich-notice or at anytime
;
thereafter. In the e~rent lessee elects to extend the original
;
fri , ,
~r~
';y~i term of this leasc for an additional period of ten (10) years,
as hereinafter set otit then and in that event, the Lessee sliall
3`c:i ~
~ y
have the right, at its elect.inns to extend this lease for an
additional ~eriod of ten years, commencing upon the expiration of
<~;
~~;N ~
c ~ ~ ~
~'Ec~ - Lr
t;r;1,
~2" rrv~. ~~V~
x r. `1 '
l
` F
wr- ~ - ~ . . . . ~ . _