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For Lti.~ lease t~~r.~ co:;.rlE~ncinq i7ece::~er 1, 1333,
and ending I\avc~:~tber 30, 1993, Lessee shall pal to Lessor
as fixed ruaran~eed annual rental for sale; preriise_~ Lae su:.~
of Forty Thousail3 Dollars ($40,000.00) par year, which s:~all
be payable in equal monthly installments of Thirty-three
tiundred Thirty-three and 33/100~Dollars ($3,333.33), the
first ins~:allment shall be pa:ii: on or before Cece:r.5er 1,
1983, and a subsequent ins~alimen~ sil"il be due and _~ayable
on the first day. of each succeeding rr.on th duri::g the balance
of the term of this lea .
If Lessee exercises its option to renew for t:~e
first addition~i] t=:~e;it~r-year period as 'r.erein~ove p::ovidec:,
then for the twenty-year lease tez:~ ca:~:;iencir.~ Decc;.~er 1,
199 3 , and ending i~over:iuer 30 , 2013 , Lc,ssee shall pay to
Lessor as fixed guaranteed annual renal nor said prc:~ises
the sum of Fift~• Thousand Dollars ($50,000.00) per year,
which shall be payable in equal monthly installments of
Forty-one tiundred Sixty-six and G7/100 Dollars ($4,155.57),
I the first installment shall be paid on or before Dece.;.ber I,
~g _ 1993, and a subsec~u`nt installment shall be due and payable
I
~ on the fir:~t day of each succeeding r?onth during the balance
of said twenty-year renewal term.
If Lessee exercises its option to renew for thz
second additional t:~enty-year period as hereinabove provided,
then for the second twenty-year renewal term co.•nrnencing
Dece:~.ber 1, 2013, and ending November 30, 2033, Lessee
shall pay to Les?Or as fired guarantee3 annual rental far
said premises t.~c sun of Sixty Thousar.3 Dollars ($60,000.00)
per year, which shall be payable in equal r?ont:ily installtr.enis
~ ~r month , the f izst
of i?ive lhousana Dolla~~ (,5,000.04) p.-
- installr;.ent shall be paid on or before Dece.-aber 1, 2013,
aa~320 Pace 464
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