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<br /> 7X[AU6U�TINECO -7GOG _'-".._." - ____-_'___'__..__'__-.__"_ ,_"_-___'___ ___
<br /> ;;LEAS E ;�
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<br /> ;This contraet and a�reement made and entered into in duplicate this 7th day af February, 1935, by ;�
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<br /> �and betv�een �'ILLIA� H. THO�PS�N, lessor, hereinaPter referred to as party o� the first part, and ;!
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<br /> iiNILLIAM YOUNGCLAU�, lessee, hereinafter rePerred �o as party of the second part. ;
<br /> �� '�ITNESSETH: That f�r and in consideration of the covenants and agreement8 as hereinafter set Portl�,
<br /> i� the parties hereto mutually agree as f�llov�s: ;
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<br /> �;That the f irst party has and daes hereby demise, lease and let un�o the said par�y��� the second �
<br /> �;part the follov�ing described premises situate in the City oY Grand Island,Hal1 County, Nebraska, ;
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<br /> i! to-�it: �
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<br /> �'The s�utherly t�o-thirds o� the northerly half of lot f ive, block f ifty-five, of the aforesaid
<br /> city, the same bein� forty Peet, more or less, fronting on Locust Street, and sixty-six Peet deep ��
<br /> `iof said lot, together with the buildinga and improvements thereon heretofore used Yoz� and kn�wn '�
<br /> �! as the Empress Theater. ' �
<br /> iT0 HAVE AND TO HOLD unto the said lessee the premises above deaeribed Por the term beginning thisi ,
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<br /> � i'date and termin�.ting on A�guat 31, 19�0. - !�
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<br /> ; For and .in consideratl�n of the abov� leasing, �he eaid party o� the second part agrees to -pay as ;,
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<br /> ;; rental for the said premises, to-a�it:
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<br /> ;��'o, at his own expense and risk, place and keep the said theater building in a reasonable conditic�n
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<br /> ;ito be used for thea.ter purposea, including, among other thinga, items o� repair, alterati�na and
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<br /> !jadditiona, as itemized in Exhibit A (said exhibit being attaehed to this lease and made a part !i
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<br /> � �;hereof, the same as if extended at length herein) , v�hich repair, alterations and additions shall '
<br /> ��be commenced immediately upon the execution oP this instrument and completed �on or before �areh 1 '
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<br /> ;j �935, and ahall be paid Por by the said lessee: one-ha.1P thereof immediately upon the exeeution '
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<br /> ,�of this inatrument and the other one-half as the work progresses and to save �he said party oP thd�
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<br /> ;� first part harmless and the premises free and clear oP all liens and encumbrances gr��ing out of ;
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<br /> ;; or c�ruieeted in any manner therewith, and further shall require the contractor, or c�ntractors , td
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<br /> - ;itake out e�mpensation insurance in accordance with the workmen�s compensation laWS of the State o
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<br /> ?�Idebraska; and Yurther that said aeeond party shall furnish and maintain in the said building such ;I
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<br /> �� equipment as aha.11 be deemed necessary f'or the operation and maintena.nce of auch theater, and the ,
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<br /> !' said theater shall be ready for operation not 1�!.ter than March 15, 1935; and second party sha.1'1 !,
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<br /> ';at all times comply �ith all rules and �rdinancea of the City of arand Island, as well as the 1a�91
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<br /> ','; of the �tate of Nebraska. 'f
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<br /> 'Becond party agrees to pay, as a further rental, the sum of �125.00 per month eommencing on Septe�l-
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<br /> ��ber 1, �935, until the 2�th day oY February, �936, payable monthly in advance on the firet day o� !
<br /> � each and every month, and thereafter the sum of �150.00 per month, commencing on March 1, �936, ;
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<br /> ' until August 31, 1940, payable monthly in advance on the firat day of each and everq month, all ;I
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<br /> ' �'� aaid rental payments to be made to the partp o� the f irst part at the FIR3T NATIONAL BANK of Gran�
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<br /> �� Island, Nebraska, or at any other place by s�id lessor directed in writing. �,
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<br /> ;� It is understood and agreed that payment �f the rentals herein reserved and complianee rith each ,�
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<br /> ��and every requirement of this lease on the part of the second party to be performed, including �
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<br /> �` time, is of the essenee of this contract.
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<br /> ';5eeond party further covenants with the �first party:
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<br /> , 1. �hat he �ill, during the cor�tinuance of the term herein granted, pay the rentala herein re- �
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<br /> "� served promptly at the time and place at which the same are made payable. ;
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<br /> _ ��2. That in additi�n to the said rentals reserved, second party will pay all water,gas, electrie, �
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<br /> �,public service, and heating charges levied, assessed, or charged against or incurred at said �
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<br /> ;;premises for and durin� the time Por which this lease is granted or extended, and save said '
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<br /> ��premises a,nd first party ha.rmless by reason of the use of gas, water, electrical or other public !
<br /> �! services, also heating; that Pirst party may pay P�r any such services or for repairs herein by ;I
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<br /> !; the see�nd party required to be made, and the amount so paid shall be eonsidered as additi�nal ;
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