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<br />_ � �JO �C� C���a� �0 � � � �C� O � D � � .
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<br /> .3JZIS-CLOPP66NRTLETTCO.�PRINTING.IITHOURNPNINC.,STATiONERY:OMAHA� . � . _. , _�`_
<br /> conditi�ns to t�e kept and perf�rmed by the said les�ee to and with said lesaor,as hereir�aft�r
<br /> �tatec� the said lessor h�reb rents �.nd le�,sea to said lessee who on its
<br /> > Y , , part her�by l�ases from
<br /> lessor,the s�.id Sau}h half oP l�ts Pive (5 ) and six (6 ), in block severlty-nine (79 ),of the Original
<br /> I 't'own,now City, of Grand Island,Hall Cour�ty,N�braska,together e�ith the sai�3 building to be er.ected
<br />, th�reon a�nd all the improvements,equipment and ap�urtenances to be installed therein by �aid Leasor
<br /> ,for �, term of twenty ye�,rs (20 ).The exact date oP the be�inning of sai� �wenty-year term shall be
<br /> - fixe� ��y a, notice in �vriting to be given b�r trie lessor to the lessee at ieast ten days prior to
<br /> said s�ate and at the time v�rhen said building is completed and ready for occupancy,which date is
<br /> n�_..v agreed by the ��,rti�s her�to to be a,pproximat�ly January 1. 1.914.Thi� said date,when so det�r-
<br /> mined,shall thereugon '�e enclorsed on this lease.
<br /> 2nd Th�.�sai�i les�ee,on it� part,agrees to accept said premi�es herein described,when the
<br /> said building is comFlete� thereon rea�y Por its use,under all of the terms and conditions herein
<br />� set farth,and to ��rf�rm all the conciitions of this lea.se and pa,y the rentals and charges as here-
<br />' in sta,�ed.
<br /> 3rd. As rental theref'or lessee a�;rees anci _is to pay a sum equa,l �o six per centum ger annum
<br /> _ on the entire cost to the lessor oP said Fr�mfaes ( inclt�ding la.nd,building and im�rovements ),the
<br /> s�.rne to be com�uted a,ncl Pixed and endorsed ugon thi� lease within sixty c�ays after the said build-
<br /> ing is completed and ready for use, sa�id rentals to corarnence on t�le ctate fix�:d by the notice a�
<br /> st�.ted in the Pirst clause of this lease.Sai� rentals ,for each y�a�,during said term are to b�
<br /> p�.id quarterly to the Treasurer of the lessor at his oPfice,on the last days of e�,ch quarter,namr
<br />, ely,on :��arch 31,June 3o,September 3o and December 31.For fractional months at the begii�ning or end
<br /> oP said term,a pro�er pro rata of full quarter� � rental shall be paid.For the gurpose oP securing
<br /> the p�,yment of said rentals and otiier obli�ations sti��ulated herein to les�or, it is h�reby a�reed
<br /> that all monies received for the rental of all ctormitmries �iurin� any quarterly rent�.l period,up
<br /> tc� the amount of said �.art�rly rental t�ue to �essor plus all other charges and obligations which
<br /> the le�;;ee a�;rees to pay by virtue of this lease shall constitute a �rust Fund and shall be dep-
<br /> osited daily as received with t21e Trustee of s�,i�a Trust Fund,The Treasurer of The City and Rail-
<br /> raad '�oung �en� s �hristian Asaociation is hereby desi�nated a,nd appoimted Trustee oP sald Trust
<br /> ?�'
<br /> F�nd. It is further a�;reed that ��vhen the cash rec�i�+,s frc>rn rentals of dormitories in any one
<br /> quarter do not equal the full amount tYien �ue lessor,ther , all monies subsequently received �or
<br /> rentals of �tormitories shall a.nd will be deposited �rith said Tnustee until the said Tr�st Fund
<br /> shall be equal to the total amount du� to l�ssor.T��e �aid Trustee is hereby authorized and instiu-
<br /> cted tc Fay to lessar out of safd Trust Funcl,the quarterly rental and other char�es as above gro-
<br /> v3c�e�, �'or in this clau�e.To ciet�rmine the exact cost of the premises herein lea�ed,Por the gur-
<br /> pose of computing said r�ntals tne said lessee, it� officers �.nd a�ents,are to be given free access '
<br /> to all books of account,pagers,contract� a,nd other data oP lessor relative there�;o. �
<br /> 4th. In addition to the said rental equal to six p�r cent �er annum of the cc:st of said pre- ;
<br /> mi�e�,<�.s provided ir� �he 3r� cl�.use oP this lease,lessee a�;rees and is to pay all t�es(includin� '
<br /> specia,l assessments )mad� upon or a�ainsL saici premises of every kind, �ame to be paid promp�ly,be-
<br /> fc.re they becor�e delinquent,also to pay promptly,when due,for all gas,llght�,water and o�her Fub-
<br /> lic utilities used in and �,bout the same and to hdld said lessor,anc� its �aid premi�e� harmless by
<br /> reasvn thereoP.I,e��ee is,alao,to pay the cost to le5sor of fire insurance on said building, in the ;
<br /> arnount of Thirty-five thousand dc�llars (�35,000 } and tornado anc� wind insurance thereon in the
<br /> a,mount oP Twenty thousand d�ll�,-�•s ($�20,000 ) and Pl�.te Glas� Insurance as direc�ed by Lessor said
<br /> insurance ta be �rocured by le�sor and the cost and premiums to be paid to it by lessee,w��hen same
<br /> , �
<br /> is demanded.
<br /> 5th. Zes�ee is,also,at its own proper cost and eapense ta heat said building,and �eeg the
<br /> same and �,11 imF�rovements,incluc�ing the plumbing,heating agparatus,boiler�,wiring, sewerage
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