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�� 11�� SC�LLAI�TEO�.JS �ECOgtD S TNEAUCUfTINfLO.72787 � � � restriotion, encumbrance or dePect in such title. � (F;)- Taxes and Encumbrances. Lessor agrees to pay all taxes, aseess �nts and obligations which � are or ma.y become a Iien on the demised premis�s and improvements as they becor�e due. If Iessor ehould Pail to do so, lessee $hall have the right either to m�ke such payments Por the account oP leasor, in which event it shall be subrogated to all tne rights of the holder of euch lien, and in addition thereto ahall have the right to apply accruing rentals in satisfaction oP such obliga-� tions; or lessee, in� the event of a foreclosure oP any such lien �nd the sale of said demised p premises and improvements shall have the right to buy in said premises and improvements Por its own account. (9)- Construetion of Service Ststion. Lessor hereby covenants and agrees to: deliver for use of le�eee , service stat�.t�n�s: with follo�tfn�g lmprovements and equipment. Title Number 5pecifications Going service atation --------- General Arrangement Bullding � Building Details Heating Unit- Steam heating plant Canopy ' Coal and Tool Box 1 Lattice Enclosure Fenee � Service Station Signa Bulletin Board Grease Pit �ashing Canopy ' and (b) furnish and install 2 island lights Service Station Day Sign St�zndards 2-------------- Boulevard Light Standards. _ _____-_------- Fire Extinguishera ---------------- Gasoline PumpB ------------- -----_--_---Gallon Under�round TAnks ------------- ------------Gallon Lubricating Outfits. Air and Water Stands 1 Automobile Lift . 1 A�.r Compressor - - - - - - - ------ Capacity. Concrete Curb, Concrete Approaches and concrete Driveways. 1 VPashing Machine. 1 Flood Lights. ------------12x12x6 Lockers. 1 ----------Flood Light Standarda. ' ----------- Soap Dispensers ----------- Paper Towel Dispensere. ! ----------- I�irrors. � 1 Overhead tire rack - porcelaln b�.nds, letters, stars. Lessor agrees to construct one bay (Teague Type) bu.i]_t according to Lessees plans and speeificatiqna and remone island canopy. In event of Ipssor's failure to construct or complete service station as herein provided within --.- days aPter the �elivery by lessee to lessor of this lease, duly approved a.nd signed, the lessee m�.y, at its election, either terminate the lea.se on thirty da.ys ' notice to lessor or construct or com- ; plete saicl Service station at the expense oP the leasor and have the right to apnly aecruing rentals for the purpose of reimbursing itself for principal expenditure together withtintere$t at aia per , cent. Lessor may enter upon the demised premises Por the purpose oP perPorming the obligations herein provided, and shall procure, either in leasor' s or lessee ' s name, any and all permits required un-. der existing laws for the canstructlon and/or operation of service atation on the demised premise� and, upon demand of lessee, shal.l assign and transfer said permits to Iessee in proper form, meet�n�; all requirements o� law. (I.0)- Option. Lea�or hereby gives the lessee the r3.ght and option to purchase the demised premiaes and all structures and improvements thereon at any time during the term of thi� lease Por the sum ;of Thirteen Thous�nd Dollars. Dollare {�13,OOO.QO) . In ,event � part of the premises herein demised is coz�demned, the amount of d�mages awarded to the ; � � lessor in conaequence thereof shall be deducted from the purchase price upon exercise of this opt�on I by the lessee. ' _ Lessee 's notice of election to purchase shall be suPficient if deposited in the mail BddT'SB9EC1 't4 3 ---- i , i . ,