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'ak.n ~o. the 1..... or s.is.d or bvhd upon or Bold 01" aU.mptid to be 1014 und.r prooeed-
lng. In banltruph)' (.Uh.r vol\UlhrJ' or 1nvolunbl'7) or insolnno)' 01' under a Jud8_nt. d.or.e, I
.x.outlon or other Judl01al prooeedlng or otherwise, or If the le880r shall be adJudged bank-
rupt, whether voluntal'7 or Involuntar" or beoOlle i.na01T8nt, then and in any .uoh .vent the
JA.sor. lIl8,J at their opUon hrm1nah and .ud this lease. and the tera herebl ,rllllted. and
all right and inlereet under. l' upon giving to 'he l..sll thrll da)'s no'ioe in wriUng. where-
upon this lease and lald hra and Intereet and all right and olalm unc1,er 'hie lease shall oea.. ;
and end and the 1.sBee shall beoome a -tenant at sufferano..
ne JABlars hereb)' oovenant that upon the oonUnuoua p.,rtorll8Doe by the less88 of eaoh
and all Of the oovenants, oonditions. s'lpulations and agreellentl hereinbefore se-t forth on
the part' ot the lessee to be ke,~and pertormod, the les.ee 118)' quietl1 have, hold. use.
oooup)'. poss.ss and enJo)' all and 8ingular the above desorlbed premises without any Interrup-
tion b)' the lessorl or any other person whOlll8oever, olaiming b)', through or under them. pro-
vided that upon b..aoh of any ot the oovenants, oonditions or stipulatioDS herein oontalned
to be k.p-t-and portormed b)' the lessee. the lessors may Immediatel)' without notioe. re-enter
said premises and thereupon said term shall forthwith be terminated.
In oase of the failure ot the lessee to pay the rent herein reserved when due. or to
perform any ot the oovenants l).ereof. Illld said rental or damages tor. the breaoh of luoh ooven-
ant is oolleoted b)' suit b)' an attorne)' at law. the lessee agrees to pay the lessors attorney's
tee ot ten per oent ot the amount so ooll.oted or found due. together with all oosts. oharg.s
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and expenlll of suoh oolleotion or suit.
IT IS FURTHKR EXPRESS~ AGREBD bl and between the parties hereto that the lessee may at
any time during the first five )'8ar8 ot this lease. purohase the property her81nbetore des-
orib.d for the sum 'ot Bleven !housand Dollarl ('11.000.00) oash; that the lessee may at any
tIme exerols. it. option of purohas. during the first five year. ot said term. by giving due
notloe thereof to the lessors and the leSlee shall forthwith prooure and deliver to the lessee
abitraots of title to the 8aid propert)' showing that the lessors are s.i~.d and poge8ssed ot
good and 1ndeteaslbl, tee simple title to said propert)', ~ee and olear of all enoumb~anoes.
Conhmporaneoul1)' with the pa)'1Dent of the puroh8se prloe neoeBsar)' to be paid at the time
of the exeroise ot said option. the lessors shall exeoute and deliver to the Baid lessee
th.ir good and suttioient warrant)' deed, 80nveying to the said lessee said property In tee
simple. tree and olear ot all enoumbranoes. and theroup9D this lea.. and all rights herein
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and hereunder shall beoome merged in, and belong to the said lessee. and the le8sorB shall
t~reatter have no right whatso.ver under the terms ot this lease. I-t 1. understood and
agreed b)' and between the partie. hereto that it the leosee deoides to exerolse this option
al atore.aid. that the -lev.n thousand Dollars (.11.000.00) purohas. prioe to be paid bl the
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said lessee Ihall Inolude all oo.t.. oharge., expenles, abstrao' OOltS. eUornel'. fees. etc.,
that may be Inourred In the oloslng ot the purohale and sale agreemeut as a-toressid.
III WIflmSS 'lfHEREOP the .ai4 JAIsor. have hereunto lot their.hands and seals and the said
LeBle. hal oBused thes. prelents to be ligned bJ' itl dul)' authorized oorporAte offloerl and
I-ts oorporate s.al to be hereto affixed. the 411 and )'8ar f1r8t above writ-ten.
Signed. sealed and delivered in the presenoe of:
J..
Herber'...Sepler
Bernlo. Loeb
A. to Lee.orl.
Raohe1 H. Borland
(SEAL)
(SEAL)
u. D. Borland
o. W. Sobnei4br
~Char10"e Mi.eloa
As .0 Les..e.
SfAllD.um OIL COJlPA!IT.
BY I. ~t.Y~i:'~'U..n'.
AU..' :
fhOs. Cl. JIoGoodw11l
ne S.orehr)'.
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