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14STRt1MEN1 PREPAREO 8Y' ~ 1~~'~"6
Lynn ~d. Morflan
!~ck Eckerd CorporiUOn
P 0. Box 4689
,.tearwawr, F~or~da 335te SHORT FORM L EASE
THIS SHORT fORM LEASE, inade thi s day of , `
Dy and between TOWNE SOllTH PLA,~A INC. a Florida corporetion
, , hereinafter referred to as the "Landlord,"
and ECKERD DRUG5 OF FLORIDA . I~~C., a Florida corporation,
~
hereinafter called the "Tenant," which terms "Landlord" and "Tenant" sha11
include the successors and assigns of the r~espective parties:
WITNESSETN•
That Landlord, in consideration of the covenants of Tenant, does
hereby lease and demise unto Tenant and Tenant hereby agrees to take a~d lease
from LandZord, for the term hereinafter specified, a storeroom located on land
~ situated in the City of WHITE CITY , County of SAINT LUCIE ,
State of FLORIOA , and more parti~ularly described t~ Eichibit "B".
FOR TENANT TO HAVE AND TO HOLD from a date dependent upon tfie comple-
tion of the above improvements or Nfien Tenant opens said premises far the
transaction of its business for an initial term of twenty (20) years from said
corm~encement date of _ January 29, 1986 , to termination date of
January 28, 2006
t
IT IS FURTHER AGREED that T~nant, at its option. shall be entitled
to the privilege of 4 successive extensions of this lease. each extension
to be for a period of ~ears.
~
IT IS FURTHER AGREEO that Tenant sha11 have the exclusive right during j
,
the term of this Lease or any extension or renewal hereof, to operate a drug
prescription department in said shopping center, inciuding any further extension
q of said shopp{ng center. tandlord agrees that it wi11 not directly or indirettly
~ , tease or rent any property located within the shopping center, or within 1,000
~ feet of the exterior boundary thereof, for occupancy as a drug store.
IT IS UNDERSTOOD AND AGREED that this is a short form lease which is
far the rents and upon the tenns, cavenants, condit~ons, rights and liabilities
contnined in the collateraS lease agreement dated february 25, 1985 ,
~ and shall run with the land and continue for the term of said lease and any
, extensions thereof, and shall be bindi~g upon the hetrs, executors, administrators,
successors, and assigns of the parties hereto, which collatera~l lease agre+ement
~ is and sha11 be made a Qart of this instrument as fuily and completely as if the
~ same were set forth herein. Said collateral lease agreement includes provisions
~ wherein Tenant is granted certain extlusive operation rights in reg~rd to the
storeroom mentioned above. ~
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