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<br /> '� TRIPLIGATE ORIGINAL
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<br /> AGREE�ENT. i
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<br /> '! �HIS AGREEMENT,�a�.e and entered into thi� lst day of November,192�,bq and between C.D. �
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<br /> ' Armatrong,Alexander Beck and Herbert S. I�aniel o� Omaha,Nebraska,parties of the firs� part and �
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<br /> ;, William b.Yaneep of Ceda.r �a.p�d.�,Iowa,party of the seeond part,9�ITIdESSETH:
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<br /> Par�ies of the first part are the owners of a partially completed ten story hotel building',i
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<br /> �; in the Citp of Gra.nd Island,Ha11 Countp,Aebraska,described a$ folloa�s: 'j
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<br /> i; Lots C,D,E and F of Gilbert� s Sub-�.vision of the Nor;�}�erly Two-thirde (2/3) of Lo�a Three;
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<br /> �'; and Four (3 �nd 4) in Block Seventy-nine (79) of the original to�n of Grand Island,Sa11 Count�►,
<br /> ; Nebraska,.to�ether �ith a strip twentq-t�o feet bq eight feet (22� x F�� ) ad�oining Lots C '
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<br /> �I on the East and all eaaements in conneetion therewith; ;
<br /> ! And party of the second part desires to lease said property from the parties of the first �
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<br /> � � That in considera�ion of the sum of Ten Dollars in 'ha.nd pa.id to first parties by �he see-i
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<br /> � ond party rec�ipt of which is herebp ackno�ledged and in consideration of the mutual promises�,�
<br /> i and covenants hereinaf�er contained,it is agreed by and between the parties hereto as follows�
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<br /> ; 1.First p�rtiee ag�ee to complete said building in accordance with plans and specifieation�
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<br /> � which parties of the first part ha.ve submitted to the partq of the second part provided hoW Ij
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<br /> � ever such changes and modificatione in the completion of said.building may be made as are ;
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<br /> � mutually a�reed upon by the parties hereto and said plan� and specifications showing euch moc�
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<br /> � ifieationa and ohanges as are mutua3lp agreed upon s�a11 be identified bp the signa�ure of th',�
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<br /> first parties and of the second� party and have endorsed thereon the date af thie contrsct and;;
<br />�� � be furnished by said second party to parties of �he first part prior to the commencement o ��e '
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<br /> work inC.ident to the completion of said hotel builtling. �i
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<br /> 2. It is agreed that the building sha.11 be completed in a first elass and workcnanlike mannej�
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<br />- in general keepf,n� �ith the cha.racter,construction and architectura.l style of the building ;;
<br /> according to the ori�inal plans and spec3fications hereinbefore referred to or in accordanoe ji
<br /> ! therewith and suchchanges ar modifications aa are mutually agreed upon as hereinbefore provi�' d,
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<br />! � having in view the use of said property for hotel purposee. �i
<br /> 3.First parties agree to execute a leaae upon said property to the second pa.rty in the fe i�
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<br /> ( and upon the terme and conditions contained in the instrument hereto attaahed whieh second i
<br /> party also agrees to eaecute. ' II
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<br /> 4. 8econd partp a�rees to furnish and eqttip said hotel in an appropriate and subs�antial �
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<br /> manner throughout ar�d at a coat of not less than �75,000.00 and all furniti�re,furnishings, ;�
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<br /> dishes,silverware,li�ten,equipment,fixtures,matsrial or property so installed sha.11 be free i�
<br /> and clear from all liens or incumbrances of anp kind or eharacter wha.tsoever. ,i
<br /> 5.�'irst parties after procurin� the loan necessary for the eompletion of said building, �I
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<br /> shall proceed with the completion of the said hotel building as aforesaid a�. apeedilp as is �'
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<br /> reasonablp practible,delay by reason of strikes,casualty,act of God and other causee beyond ',i
<br /> the eontrol of -�he first pa�ties excepted. I�
<br /> 6. 3econd party shall coneurrently here�ith depo$it �rith the lessors the sum o�f �15,000.40 j,
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<br />� � in cash as securitp for the faithful performance of this contraot on his pa.rt and it is agree�
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<br /> � that in event of the failure of seco�d partp to perform the te�s and provisions of thie 'I
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<br /> I; contraet on his II
<br /> � part,the dama�es accruing to first par�ies will be in said aum of �15,4C?0.40 ;�
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<br /> I which shall be and become the �bsolute propertq of the first parties. Upon the oompletion of j� :
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<br /> ii said building by first parties and upon the occupancy of said premises bp second party ae
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