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� �1�� l> > �r �j�� (�jb�� 5:,, �'��J��IV��J� ��J�J�'�J �31, ______ .�__�__._.._ —__ ---_-_-=--. - -_��_.__ 'I4884—STA7'E JOURNdL COMPANY,LINCOLN,NE6 ' . . � - . �� -�- . . -_-..— the 3ales Manager of 1e�see a� Denver,Colo lessor shall then have the right to terminate this lease on t�i�ty (30} days� notice to 7.essee ,�,t his option or sue for and collect the rent reserved. (5)�Removal of Property,Lessee shall have the right at any time during the continuance of � t�.ie lease or within thixty ��3�� days after its termination to sever and remove all fixturea, equipment ar�d other property of leseee plaeed on or in said premises by lessee during the term of �his or any previous lease ,or any extension or renewal thereof,except sid��.lks or � approaches between lot lines and curbs. I (7)-Damages for Defect in Title. Lessor covenan�s that he is well seized of said premises, has good right to lease the same ,and warrante and a,grees to defend the tit2e thereto;and to reimburse and holdcl„�ssee harmless from all damages and expenses �hich lessee may suffer by reason of any res�triction,ecnumbrance or defe�t in such title. (�)- Taxes and Encumbrances.Le�sor agrees to pay all taxes,assessments and obligations whi are or may become a lisn on the demised premises they become due. If lessor should fail to do ' so ,Zessee shall have thE r:ight either �o make such payment for the account of lessor,in �hieh event it shall be subrogated to all the ri�hts of the holder of such lien,and in acldition thereto shall have the right to� a.pply aecruing rentals in satiefaction of such obligations; or lessee ,in the event_ of a foreclosure of any such lien and the sa3e. of said demised premise and improvements,shall have the rigl�t to buy in said premises a.nd improvements for its own account . , (9)- �uccessors and Assigns.This agreement ahall be binding upon and shall inure to the benefit of the p�..rties hereto and �o their respective �uccessore or aseigns. (10)- OPTION OF PURCHASE.Lessor hereby grants Lessee an option,exercisable at any time dur� ing the term hereof,to purchase said property durin� the first five years of the term hereof for the sum of Fifteen Thousand Dollara (�15 ,000.00) ;during the next two years of the term hereof for the eum of Seventeen Thousand Five Hundred Dollars (�17,500.00) ;and during the eighth,ninth and tenth years of the term hereof for the sum of Twenty Thousand Dollars (�20,990.00� �nd in case of the exercise of said option to furnish Lessee a certified and up-to-date a'b- stract showing in Le�sor a clear and �rketable title (except for this lease) to said propert and to convey the sam� to Lessee by a warranty deed in �he usua.l form,subject ,howener,to any outstanding liens for epecial assessment s. � IN WITNESS 9�HEREOF 3essor and lessee have hereunto eubacribed their na,mes the day and year � first abave �rritten. � i ; j �Pitness: A.G.Abbott Fxank Strasser �� Witness: A.G.Abbott Matilda Dd.3trasser (Lessor) � � THE T�XAS COMPANY' (Lessee) ' � By W.�.Bradford ASSI3TANT SALE3 MANAGER. i 6.Lessee' s Right of Termination.8hould the Lessee be prevented from establishin� or con- � tinuin� the buainess of diatributing petroleum products �n the demised premises by any la�r, i Iordinance or Court order,in that event Lessee may terminate this lease upon givir�g ninty (90) l� days� written notice to Lessor,in which event the r ental obligation shall be prorated to the date of such termination. �a. If Lessee exercises its option to purchase hereunder,then and in that event Lessee �i hereby agrees to pay and reimburse Lesaor in full for alI special assessments levied and asseased against the demised premises on account of sidewalks,street ,sewer or w ater improve- '� � I ��en'tr-�,which may have been paid by Lessor under the terms of this lease prior to the time Lese __._______._,-___. _ �=_�1�_s��_=t_o exercise its ontion _tc� �urchase. _ ____._._ __--._---- - ---_,-- � I