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is made in the payment of rent as above set forth or any part
thereof, or if Cassens shall violate any of the covenants,
agreements and canditions of this lease, then Cassens shall
become a tenant at sufferance, hereby waiving all right of notice
to vacate said premises, and the Owner shall be entitled to
re-enter and retake possession imn-~ediately of the demised pre-
mises, and the entire rent for the rental period next ensuing
shall at once be due and payable and may forthwith be collected
by distress or otherwise as provided by law; and will at the end
of Cassens' term without demand quietly and peaceably deliver up
the possession of said premises in as good condition as they now
are (ordinary wear and the decay and damage by fire or other
elements only excepted), subject, however, to the option con-
tained herein.
' 4. After the first year of this lease, the Owner and
Cassens agree that the rental rate may be adjusted by any amount
of increase during the twelve-month period based upon an overall
~ increase in the condominium maintenance fees from the figure in
effect as of this date, or an increase in the real estate taxes
~ on the unit to the extent of the amount of the increase as
f
~ dlv?ded by 12.
~ 5. The Owner, upon erformance of said covenants a ree-
P . 9
~
~ ments and conditions by Cassens, hereby covenants that Cassens
~ shall have the quiet and peaceable enjoyment of said premises.
~ 6. The Owner grants to Cassens an option to purchase the
property at any time during the term of the lease and within a
~ 30-day period following termination of the lease. The purchase
~
~ price shall be the sum of Forty-Nine Thousand rine Hundred
~
~ (549,900) Dollars. Assuming all rental payments are current at
~
~
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the time of closing, Cassens shall be given a credit against the
~
~ purchase price of Eight Thousand Two Hundred Twenty-Two and
40/100 ($8,222.40) Dollars plus a refund of the security deposit
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