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fha leeeees agree to ren.ew 8aid bond during the lull term ot th1e ninety-nine (99)
year lease, unle8s released therefrom by the wr~tten eoneent of the le880rl.
The Bond herein provided for my and "ill be oanoelled wUh the approval of the
le880r8 when and only when .aid lessor8 a~ 8ati8fled that Dot l.sa than T"enty-tlv. ThoU8-
and Dollars (126,000.00) has been eltpeD4ed in the oonstruot ion, ereot ion and oompletion of a
bul1diog or buildings on in and additioD or ad41tione to the pre.ent bUi14lnge, costing Dot
les8 than Twenty-fin Thousane! dollare (126,000.00). The applloatloD of sale! amollDt to be
troa time to time lnepeoted and approved by suoh preper persons as the l8880re or thoee hav-
ing their estate shall appoint to ln8p8ot the saD, aDd the leesee, ite repre8entathe8 or
a881gn8, will .heD required render to the le880rs or those having their alltate, an aooount
and vouohers of &uoh eltpenditures.
It 18 the intention of thi8 paragraph of the lea8. that the le818.. 8hall glve a
bond at lea8t, one year befo~ the beginning of the year that shall be cOTered and proteoted
by said bond, and that the bond shall be oonditioned aa above de8ignated, eltoept that eaoh
bond ehall provide for all peouniary obligation8 that are charg.able againet the les8ee. du~
iog the rental period beginning on the 3rd day of September. one year after the date of the
. ghing of aaid bond and terminating on the 3rd day of September, t.o yeara alter the date of
the gi viog of sai d band. One mon th I S extra t i_ being a llOM d f or the gi v iJij< of the t1 rat
bond.
In the event the lea8ee oball tender to the leeBorB a bond, or serle8 of bond8,
oonditioned a8 above deeignated,
8igned by the le.8ee8 ae priDoipal, and by two 8uretie8
8ati8faotory to the lessors, then and under suoh olroumstanoe. the 16es?r8 e~ee to aooept
8aid bond in lieu of a surety bond, but in evel'1 suoh Inatame the eohenoy and responei-
bilit,y of the eureties must be satisfaotory to the leesore herein.
The giving of the bonde afore 88id ehall be continued annus lly ,,1 thout in terrupt10n
until the Dlhety-eight (98) year, and in eaoh and every inetance thlJ bond given ahall guar-
antee the faithful perfor~noe upon behalf of the les8ees, wlder the terms and conditions of;
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the 8aid lea8e, during a per lod one year in length and b.glnnll18 one year from the date of I
the giVing of said bond, e8id bond in eaoh instance 8hall bo giv.n as of the 31'4 day of Se]>-I
tember 88 of the year as given.
The les8ee. are hereby given full power and la.~ul authority to a8eigu this lea..
at any time during the rental period herein oreated. proTided the lea8ee. ~ II bave CO;UPli-1
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e4 with all the terms and oonditions of this leaee obliga~ory upon the leaoee. up to the
date of the mkiDg of Ruoh aosignment, and provided furtbar, the aseignee shall 1n sa14 a.- I
I
signment, or by a eeparate InstrumeDt ex.ou ted oontemporaneously thernr1 th,. duly 818nee!, seat-
ed and delivered in the pre8el1Oe of two witneseell, and aoknowledgecl by the 8seignee, express'
ly assume and obl1gate and bind himoelf to faithfully and prolllptly oomply "1 th and ab 14e by
all the terms and oondition8 of thio lease am promptly pay all p80\I.nlary ob1i@8t1ons here-
iD and hereby imposed upon the leasees, am prOvided furthlr, 'bit no assignlDllnt shall oper-
at. to relea.e the les8ee. herein trom the obl1@Btlol18 by them herein and hereby a88umed, un~
lee. suoh relea.e ehall be evidenoed by the written agreoment of the 1e88011l; D.ither shall
this provilo or aUf proviso ln thi8 le88e oontalned author i.. the le8'ee. herein to make
perUal aealgllllent. of this instrument, 80 al to subdivUe the right. herelD graDh4 ..0118
divere and ound1'7 a8.igne.. eaoh clal.ing a BeJ8rate portion of sa 1d prOJ4rty, and soh par-
tial a8ll1gnmen te, if aJV, shall be oOD8iderec1 by the leseo nI as a breaoh of the terll\8 and
oon41t1oDe of this lease, and shall at their option oanoel and annul the eame and authorll.
the 111.,.0111 to retake po..uelon of the proper'1 herein an4 hereby 18a..d and demi.ed un-
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