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<br /> iI AGREEMENT
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<br /> ' THIS AGREEiti4ENT ,�tade and entered into this 21st day of Apri1 ,1926,by and between Jame� A.
<br /> !�`` � a and H stettler
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<br /> Michelson ,single ,of Grand Island,Nebraska,her.,in�fter party of the first p rt , o
<br /> �' �musement Company ,a DelaYvare corpoxation ,with a place of business at Omaha,Nebraska,hexein-
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<br /> after party of the second part . !�
<br /> �PITNESSETH:That whereas the party of the first part is the ovanerby fee simple title abso-
<br /> lu�e of the northerly forty-four (�-4) feet of the southerly sixty-foux ( 6�-) feet of Il,ot One
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<br /> (1) in B1ockFifty-five (5�) of the Original Town,now City of Grand Island,in Hall County ,Nebr ska,
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<br /> includin� the theatre building situated thereon and commonly known as the "I+uichelson Theatre !
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<br /> �' Buildingr� ,and i
<br /> '�HEREAS,the party of the �eco�d part is the lessee in po�session of the ground floor (the �
<br /> theatxe part of said building) and basement of said Michelson Tneatre Building,and the real ��
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<br /> estate upon w�ich the same st�.nd,under a written lease expiring September 30th,1927 ,at a rent�.l
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<br /> of �225.00pex month for the last three years of the term of said lease,and, �`
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<br /> ' WHEREAS,the party of the second part has paid all of the ren�als accrued,including the �
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<br />, �! rental for the month of Apri�,1926,and,
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<br /> ` �IIHEREAS,sai�. leased premises have not been used for theatre purposes for s ome time last �
<br />' ; pas�,although the party o� the second part has been a tenant in possession thereof ,and, ,�
<br /> 1NHEREAS it is the desire of t�e pa.rty of the fixst part to remodel said leased premises j{
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<br />' ;; b Gonverting the room formerly used for theatre purposes into a stoxe room or store roorns � �
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<br /> , and to �terminate the Iease under which the party of the second part now holde possession of E aid
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<br /> l�eased pre�nises ,and �
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<br /> tNHEREAS,the party of the second part is now the owner of other theatres and is about to st
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<br /> acquire one or more theatres in the city of Grand Island,and, i
<br /> WHEREAS,it is the desire of all the parties to this agreement that the Ieased premises her�� in
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<br /> } mentioned bae used fox store purposes ,and,specifically,that the same be not hereafter used forl�
<br /> theatre ,motio�. pic�ure.,vaudeville ,general theatre purposes ,and/or anything thereto pertainin �,
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<br /> and, �
<br /> ; S�IEREAS,Emil Voss ,contractar ,of Grand Island,Nebraska,has prepar ed plans and specificati s
<br /> ` a.nd has submitted t�.e same to the parties hereto ,for the remodeling of said theatre building,)
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<br /> and convexting tne same into a etore building. �,
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<br /> NOW,THEREFORE,in consideration of the premises and of the mutual c�venants and agreements ;'
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<br /> IS
<br /> of th e pa.rties hereto and herein contained,the partiss hereto agree as follows: ,
<br /> 1.That the party of the second part shall pay to the party of the first part ,upon the signin�
<br /> and deliver� of these presents,and upon the delivery to the party of the s econd part by the p�arty
<br /> o� the first part of his bond in the penal sum of Five Thousand Dollars (�5000.00) ,with suret;�r
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<br /> approved by the paxty of the seconcl part ,conditioned for the faithful performance of thie cor�i-
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<br /> tract by said party of the first part ,the sum of Forty-six Hundred Twenty-four pollars and Si��C-
<br /> t een Cent s ($��+62�+.16) . +
<br /> 2.That the party of the first par� shall ,without delay,remodel said Ieased premises and �
<br /> convert said theatre building into a store building,not later than July 1 ,1926,substantially �
<br /> ' in ac�ordance with the plans and specifications so prepar�ed__and submitted by said Emil V�ss, � t
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<br /> t:�e party of the first part shall ha,ve the right to make changes therein,so long as such char��es
<br /> do not defeat the purpose of converting said building from its use as a theatre ,motion pictu��e,
<br /> vaudeville ,and general �heatre purposes ,and/or any'��aing pertaining thereta ,inta a store builc3�- -
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<br /> ing;provided,ho�rever,that first paxty shall expend or cause to be expended a �sum of not less ;�
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<br /> than Three Thousand Five Hundred Dollars (�3500.00) in the xemodeling andjor alteration of sa�id
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