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<br /> 11�1[� ��]E�L�AI�T�EO�JS �.�CO�D S !
<br /> TXEAU6UfTi11[CO.�4787 . �
<br /> original lease hereinbefore referred to, and tYiat s�.id lien shall continue during the term of said �
<br /> Z�rigin�l Iease �.rid any extension thereof.
<br /> 2. The s�.id Willia.m Youn�claus and Ydestern Theatre Enterprises, Incorporated, hereby a gree that they
<br /> or ong of them, �ri�l v�ithin thirty d�.ys from the dat� hereof furnish to t'rie s�.id �illiam H.Thompson
<br /> and Nettie I.Thompson, �. verified inventory oP all the property nov� on said premisec, coming within
<br /> the provtsions of said llth paxagraph of said original lease.
<br /> 3. The said Western Theatre Entergrises, Incorporated, and William Youngclaus, and each and both of
<br /> tYiem, do hereby contr�.et and agree that they vrill keep and maintain on s�.id premises property covered
<br />� by said lien as set forth in s�.id llth paragraph of the original lease at a11 times of substanti�lly
<br /> the sarse value as i� nov� is.
<br /> �-. Except as herein set Porth, ��id exter.aion, in the event the option be exercised, sh�ll �ae on
<br /> s identically the same terms and sub,ject to identic�.11y the sarile conditions as set for�Yt in the
<br /> origln�,l lease. -
<br /> 5. The s�id �'�estern The�.tre EnterpriseG, Incorporated, and Willia.m Youngclaus, or either or bot� of
<br /> them, must �;ive to the said ��il.liam H.Thompson and Nettie I.Thompaon, or the thenov�ner of sa.id real
<br /> estate, notice in �rr3.ting not later than the jlst d�.y of August, �939 of their intention to exercise
<br /> this option.
<br /> 6. In the event this option sh�.11 be exercised, the rer�t f'or Qaid premises .during said five-year
<br /> exten�=�on shall be '.-not lecs tYl�.n One Hundred Fi�ty Dollars ($�150.00) per month and not more than
<br /> Two Hundred Dollars (�200.00) per month. In the �vent the parties hereto are unab�.e to agree as
<br /> to the exact amount of' rer�t, then the said Western Theatre Enterprises, Zncor�orated, and William
<br /> Youngclaus a�;ree to ��ay s�.id William H.Thompson the reasonable rental value of said premises, not
<br /> le4G than �150.00 a mont�i, and not more tY:an �200.00 pPr month, said reason�.ble rental vp,lue to
<br /> be determined as follows : The said �llliam H.Thompson and Nettie I.Thompson, his vrife, or the then
<br /> ovaner of the re<�.1 est�,re or leasehold interest, sh�Il select one arbitrator, and the Said Western
<br /> Theatre Enterprises, Incorporated and Wil.liam Youngcl�.us, and either or both of th�m, _ or the t�en
<br /> ov�ner of the le�,sehold interest, sh�ll select one arbitrator. If the tvro said �,rbitrators are
<br /> unable to agree as to the reasonable rental v�.Iue, then they �sh�!Il select a third arbitrator, and
<br /> in the event the t�tro �.rbitr-��tors selected bJ the parties hereto are unable to agree on c�ho ah�.11
<br /> constltute the third arbitrator, then the eldest Judge of the District Court of Hall County, Nebras'�a,
<br /> .
<br /> in point of continuous service, or someperson n�med by him, ahall constitute a third arbitr�.tor.
<br /> In the event �his arbitr-�zt3on clause shall fail for any reason cvh�tever, tnen the parties hereto
<br /> a ree t��at in the event any �.etion at law is brou�;ht to determine the fair rental v alue, that both
<br /> g
<br /> ie� do hereb waive a ury trial and tne c�.se s7iall be subm3tted ta the court under the ordinary
<br /> art ,�
<br /> P
<br /> Y
<br /> rule� of la�r.
<br /> AND �HEREAS, by virtue of the transactlon ��ith Lloyd Thompson hereinbefore referred to, the said
<br /> W111i�.m Youngclaus and his v�ife, and both of the��, become the oviners of all capital stock of the
<br /> Western Theatx°e Ent�rprises, Incorporated; and c�rhereas, they may decide to liquidate and disaolve
<br /> said corporation;
<br /> r10GT, THEREFORF, the said S�Iilli.am H.TYiompson and Nettie I. Thompson, hi� wrife, do hereby agree th�,t
<br /> in the event of a dissoluti�n of the Corpor�,tion, the said Cor�oration may re-assign the lease or
<br /> any extension thereof to Plilliam Youngclaus, �.nd do hereby consent to said assignment; it being
<br /> specifical_ly understood and �.greed, hovrever, t���:tt sa.id re-assignment sri�all. not in any ma,nner vrhat-
<br /> soever release the said 1+Vi17_iam YoungcS�us fro�n his obligations under the terms of said Original .
<br /> le�.ae, arid con�ert i�o the asaignment hereinbefore referred to.
<br /> The rights and liabilities unczer the ter�?s of thi� contract sriall inure to and sh�11 be bindina
<br /> ux�on the heirs, ex_ecutors, administr�tors, successors and as4i�ns of' the parties hereto.
<br /> IPd WITNESS S`7HEREOF, the said partiea have hereunto set their h�.nds this 4th d�.y of September,1�936.
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