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3/14/2012 12:20:15 AM
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1/5/2012 10:15:57 AM
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M-282
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282 � <br /> �treet Qn the �Vest side af sa�id Lot Faur (4) and extending easterly on the dividing lin� <br /> between the Northerly and Southerly one-ha�lf of the said property belonging to the r�spective <br />� � � <br /> �arties hereof, as above stated. This lease to continue and remain in force so long as said <br /> I <br /> � party wall or any extension thereof shall stand or ai�her party hereof desires to maintain <br /> I � � <br /> ' aame . � � <br /> � Said party wa11 to be of brick or stone, including a basement �vall not less than seventeen <br /> inchea thick ancl seven feet deep with subgtantial �footinge not less than thirty-four inches ( <br /> i wide, all to be built in a solid, subst antial manner, capable of carrqing a building th ree <br /> � � <br /> etories in height if either party de�ix�es ta so extend same. <br /> , Ana whereas the said Henry Schuff is now ready to erect said wall along said line from <br /> � Locust Stree� easterly, it is agreed that he sha11 erect same along so much of said line and on <br /> I said premiaes described herein, as h� may elect , and the same to be built one�ialf on each side <br /> of s��.d dividing line, to i:�clude a basement and t�ro stories in height above �he ground. The <br /> �outh side of same to be a �rnoo'th, even surface v�herQ e�osed, all to be built aa above stated <br /> in a good, substantial manner, and practicably in accardance with plans and spacifications there� <br /> fo _r ar h Architect and same to be built b the said Henr Schuff at � . <br /> ; r r ep ed by Oscar R. I{irsc ke, , y y � <br /> � . <br /> his sole char�e and expense and so u:aintained by him so long as he xetains the �ole use of same. <br /> It is further a�reed that said eecond party ghall have the right , which ie hereby granted <br /> � to it , ta use, utilize and enjoy �aid wall, anci all of its facilities at any tir�e it may elect , � <br /> upon the nayment ta �aid �isrry rchuff of one half of the value� of such part � of said vwal�as it <br /> I may at any ti�ue use, same to be cletermined at the time when said use commences, and in the event <br /> said parties cannot a;ree u�on the value of said wa11 so utilized by the second Party, they � <br /> j agree to each choose one man and the t�ro thus chosen shall chose a third and the' three persons � <br /> � <br /> thua selected �hall determine the value of said wall so utilized and the compensation to be paid <br /> I <br /> j therefor under the term� hereof. During the joint use of said wa11, the e�ense of rePairs and ' <br /> I m.a,intainence sha11 be equally borne b� both parties using and owning same. <br /> f " <br /> I It i� �'urther a�;reed that in case the first parties do not at this time, extencl s�id wall <br /> to the easterly limit of the premises herein leaseci, then either �party may, a� .any time, extend � <br /> s��rne alang said line on the �aremises herein leased as far as he may desire ta do, at his sole <br /> char�e and ex�ense dur ing his sole use thereof under the t erms and condit ions herein prescribed � <br /> for the building of s�id party wall, which extension shall be su'astantially built to correspond <br /> �i <br /> j � �rith the wall already existing. The other party in such event, to have the right to use and <br />, , <br /> util3ze such extension by paying one half the cast thereof under the terms herein provided and <br /> . . <br /> in case either party hereto should desire at any time to erect an additional storp on the <br /> , <br /> builc�ings �ituate on theix resPective premises such party shall have the privilege to extend i <br /> � � <br /> sair� wall or any part thereof another �tory hi�h at his nwn cost and s�en�e �'or building and . <br /> maintaining �uch addition�l story during .his sole use thereof, the other party to have the <br /> right at any tirne to u�e or utilize� said extended e�a11 by payin� one-half the cost and value of ' <br /> such extension, to be deterr;�ined in the raanner heretofore set forth in this lease. After �ay- <br /> �:ent of one-h�.lf the value of said paxty wall or any e��e�t�fan thereof the �ame shall become <br /> t��e joint property of �he parties hexeto, �ach ov►ming one-half thereof , so far as same i� �ointl <br /> usecl by the pa�ties to this lease. <br /> It is,however, a�;reed, that any extension made by either party hereto , of said party wa11, <br /> Ishall be o�' the same �eneral material a�nd character and kind of work�:anship as in the u;a11 :4 <br /> � <br /> Ialready constructed so that same may be practicak�ly unif�mm. �+ <br /> � i <br /> . <br /> 4 � . . � . � . . .. � , . _... _ .. . . . � � . <br />
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