HomeMy WebLinkAbout0850 . , - ~ i
i- p•ru~ THIS INDENTURE OF L.EASl. T?fadc this ~~a day oj June ~ 7~ 8 _ !
between l?LLEN GREEN, SR. TRUST, a Teru~esse~ Tru~t
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~t ot the tint tt, hereinaitcr callcd I.tssoR aod ~
W y pa . ]ILI.EN GREF~1 ENTERpRISES~~ a j
Tetu~essee limited partnesship, authorized to do business in the State of "
Florida ~
parcY ot the second part, hereina(ter called LESSES,
~ oo~,tae~ WITNESSETH: 'Phat each o[ the atoreuid parties acknowledga che rcceipt ot a valuable considaatioa t
`uO1 trom thr other and that they and each ot them act htrcin in iurther consideration o[ the engagements
~ oi the other as herein iuted.
p.~n+~... .That I.rssoR has and doa h~~eby grant. dcmise and leau unto ehe ~id Lcss~ thc iollowi~g deuribcd
prcmises situated in the City ot Port . r•ounty otSt. . and State o[ Florida to-wit:
St. Lucie Lucie
A Pa:rt of Lot 9~ Block 2. St. I,ucie Gasdens as recorded in Plat Book 1~ Page 35.
and being in section 26. T36s, R40E~ St. I,ucie County~ Florida, being more E
- pa.rticula~rly described as follokse F~rom the intersection of the xest right of ~
xay line fo~ U.S. Highxay Nwaber One (S.R. #5) a~d the xest line of aforesaid
or. a 90°00• sectfon 26~ run south along the section line A distance of 673.38 feet. thence on
a~le run aorth a 90~00' angle run east 132.366 feet to the point of beginning, thence continue
~32 • 9~+ ft. to- east 220 feet to the~ xest Mght of . xay line for U. S. Highxa.y Number One, thence
the point of ruri southeasterly along said Mght of xay 150 feet, thence run west parallel xith
ceginning. the north line of the Parcel being described a distance of 289.55 ft., thence
a. Te.~. TO H A V E A N D TO H O LD thc above desc~ibecl premises unto . the Laue tor the period ot
20 years or until Lessee•s construction mortgage executed in favor of Fi=st
Fedprel Savi nQs t L~±an aa~ri ati ~m n Fr~ t Pi arr~ f F1 nri r1a i s=n,-,i A i n fnl 7 ~~f, .
c~omme~cing on the lst day~of _ Julv ~g ~g
and ending on tlie 30th dar o[ June 1948 _
p~~ It is ~greed d~at the Mitl~in leasccl premiscs shall be used onlr for the busin~u oE
f~lendy'a Hamburger Restaurant.
7'he L~ss~ hereby turther covenana ehat ,a going businesa shall be mnducecd in du wichin leased
premises throvghout the full term oE thi: lcase.
s, ~.,e.~ I.~t hereby co~•enanu and igreea to ~ pay to L~ssoR as rcnt for the a[oresaid p~ cmises che sum of
~ro Hundred Forty ~fiousand ana No/200 ($240.000 00)-=----------------------~llars
payable in advante irt monthl~• instalinientt a: tollows:
S1,000 paid upon execution of this lesse in payment_of the first awnthly i
instal2ment due hereunder and $1,000 to be paid on the first day o~ each E
and every calendar month beginninq aith the secon8 calendar month next
follovinq the coa~encement date ot this lease.
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All tentals due under this lease are payable at Suite 321, Raleiqh Oaks Plaza, #
~ 7. Real 3606 Austin Peay, Nemphis, T~ennessee 38128
~ Estate Taxes
~ ar a~~h ocher DIlCt ~3 I.ES.SOI may from time to time dnipnate in wricin~.
~ The Lessee shall pay all real estate and personal property taxes levied and assessed
~ against the demised premises during the tena of this lease. Taxes for the first and
last lease year shall be pro-rated as of the comiaencement and termination date. The
~ ~,essee shall have the riqht to contest the validity of any tax or assessment upon
furnishing Lessor reasonable indemnification for the final payment and discharqe t}~ereof.
~ The Lessee shall bear the expense of any proceeding fnitiated for this purp~se. The Lessor
rshall at Lessee•s zequest, permit Lessor to be named a party to any such proceeding. ~
~ P.n„e~t ~e burden of proof of payment of rent-in caee of controveray anall be upon the i
~ ~nt Pa~.bi. Ait rent agrccd to be paid undcr this lcax shall bc paid in law[ul, money of tht United Sta~n oI `
jo ~~d+~ am[fita, LC6S!!E;
~ ~a.
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" 10- u=p ~ A[irst licn is I~crebY cxprc~sir reser~rd br th~ Lr ~sou and annted br d~e LES,r~ uport the ternu oE ~
~ ~t~O~~ this leue and upon all ~nterest of the Lt.ssr.e in tl~i. Icaxhold, and u~n ali buiiding:, impro~en~tnts,
~tore tixtures. Mat~r fixtures, ~nd gas tixtura and all other [i:turd ercrted or put in plact.or that may
~ bc crcctcd or put in pl.icc u.pon thc prcmi.cs b? or thmu~h th~ I.T.S5EF or ~xhcr occupants, and al~o
; upan aU thc gooci~, ~•rr~ c}uttcls, implcmcnts, tr~d~ fixtuc~ toots, and othcr propcrty oI thc LLSStc ±
~ ~hich arc or ma~~ b~ put upc,n thc d~m~~cd prrmi~s h}~ or thmuRh thc I.css~E or whcr occupants for the
~ pa~mc~t o! rrnt and alh (or the satislaction o( any cau.cs nf actiun which may accn~c to th~ LessoR b~•
~ thc prorivon. o( thic in~trumcnt. pre,vided hor+ever, that lhis lien is sub ject Lo the ~
~ subo gi tion :a se contained ip para rqph 35 hereunde~c .
QW~ ~17u~sw~ ficre~i? .nin~s tl~~t ~t 7.~.ii~~ s~.~ll keep and per(~rm all o[ the coven:~nts ot tl~is
~ ~~o..r..~e~ ~~~x on lthe pare ot L~~sc~• t~ f,e (~er(ormeJ, [.r.ssr~ wil! guarantee to Ltsccc the quiet, pca~e(ui and
~ unintertupted posscvion o[ th~ said prcmisc~, during ~he entirr term hereof. ;
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~ ~ The l.~cc?-t• hc~cbv fw~hcr rmcnanh- ~ R s 1
~ 8Q0!! J~~ PAr.E 8~
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