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LE1~SL•' Marc `i\~Io
I£ LCS.S.?CP_ 1S Ii(>i: lI: CiCf~ll:~:: 11I1(:Cl' a: j prOVi~IOiIS
of this lea Lessee r:ay renew this lease for zzn ac3ciitionai
twenty (20) year term at t~l2e rentals hereinafter provided #
and upon the same terms and conditions; ii L~~sae elects i
to exercise this option to renew, Lessee shall give Lessor
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~.~ritten notice o£ such exercise ~si:; (6) mont!~s prior to tr.` '
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expiration of the initial twenty-year term of this I~::ase.
If Lessee is not in default under arv provisions of
this lease and has exercised its option to roneta this
lease for one (1) additional t~•~enty-yaar terln, t:.hen, upon
expiration of the second twent,~-year term o` this lease,
Lessee may renew this ieasa ;:or a second additional ter.~?
of tcaenty (20) years a the rental hereinafter provided and
upon the same terms an:i conditions; if Lessee elects to ~
exercise this secon~i o~~tior. to rcne~•~ for a:~ additior.ai
twenty-year period, Lessee shall give Lessor c1rittcr. notice
of such exercise six {b) rr.onths prior to the expiration of i
tine first twenty-year renewal term of this lease.
IIZ.
RE\TALS RESERVED
A. FIXED RE1~Tt'~L. For the lease teT,~t beginning
December 1, 1973, and ending Nove.~nber 30, 1983, Lessen shall
pay to Lessor as fixed guaranteed annual rental for said
premises the sum of Thirty Thousand Dollars ($30,000.00)
per year, which shall be paya'ale in equal monthly install-
ments of Tt•~enty-five Iiunc:red Dollars ($2, 500 .00) , the
first installment shill be paid cn or before I)ece.:,be~ 1,
1973 , and a subseclt;ent ins tai lrlent shall be due and payable
on t:~~~ first day of c:l stGCf:GCi~lrig iroZti~ C:ilrin5 th` b3larc~,
of the first ten (10) years o~ this lease.
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