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���((�J 1���n j�r�� �r�_,,_, �� ��]J J(� � �� �
<br /> �J '�"J��J�J��IV����� Z51�L�'��J�� �
<br /> � ----��-� ------
<br />_ - -- ��-_�_��
<br />- A -STAl'E.IOURNAL COMPANY,LINCOLN,NEB
<br /> ��,� • - _ � _
<br /> It is agr�ed by the parties hereto tna.� in tnis enti.xe lease �,nd every part thereof
<br /> that ti�ne is of t�e essence of this lea.se and con�rect and a strict gerformance in accordance
<br /> ( herewith is required.
<br /> 1;
<br /> �
<br /> Protec�i��on T�ELFTH:- It is further agreed tnat in case the Lessora,without any fa.ult on their part ,
<br /> a�;ai.�st i�T i�hould be :�ade arties to an litit�� tion cornrnenced b� or a. ainst the Lessee or a 2inst them
<br /> i�ation �, P Y a I g , � �.
<br /> Exp er:��e.;i
<br /> � a.lone on acccunt of the Lessee or arising iro�m t:ie Lessee� s use of t�e pre�r�ises ,then t.n.e
<br /> �; Lessee sha11. pay �,ny judg:��ent against and all costs and rzasonable attorney� � fee incuxred
<br /> �i by tne Lessors or_ account of such liti�ation,and �I1 such costs or attorney� s fees �^hich
<br /> �'
<br /> "' may be �a.id by the Lessors sh�.,ll be repaid t� tizem by the Lessee �iith interest fro�n the date
<br /> !;
<br /> �;
<br /> ;; of pa.y�n�r�t �.t the rat� of seven �er cent (7io) per annum on or before the next rent payment
<br /> !! dated thereaftex.
<br /> Condemn�;tion TNIRTE:�TiTTH:- It is furt;.�er mutually agreed by and between the pa.rties heret� that should �
<br /> �;
<br /> , the property hereinbefore describ�d,or any part t�ereof ,be condemned by a.ny corporation,
<br /> �; Ynunicipality or other public authority th�t now has or m�y hereafter be �iven by law right
<br /> �;
<br /> �; of eminent domain,and thereby the ri�hts of possession �f all the parties to this a.gree-
<br /> �` ment hexein be taken,the n,under such circumsta.nces,the awards allowed fA� the taking of
<br /> ;
<br /> ��
<br /> '' the graund s��.11 �be paid ta and belong to tne Lessors hereunder (unless trle option ta pur-
<br /> �
<br /> � chase has been exercised py tiie Lessee as hereinafter provided� ,�,nd tne awards all.owed
<br /> ,,
<br /> ;'
<br /> �; for the taking of the improvements or building �i:ereon sh�ll be paid to and belong to the
<br /> �� Lessee i�ereunder ,and thereupon tY� annual rental to be p�.id by tiie Lessee under this index�-
<br /> �;
<br /> �� ture sn�.11 be reduced to t:�e extent of s ix per cent (6;0) per ye�.x of the amount so warded
<br /> i� and paid to the Lessors:provic�ed,izowever ,tiia.t in ca.s� �,ll of t ne land herein demised and
<br /> ;�
<br /> i( t��e buildings or improvements thereoan are so condeYnne� �r:d taken,or such mucn tiiereof con-
<br /> i
<br /> �� demned �nd t�;.ken a.s necessita,tes any 1�rge a,mount of expenditure an the pa,rt of the Lessee
<br /> ,�
<br /> j' for re"buil�in� or re:no�elin�;� or repa.iring t'rle i::^;rov�:nents on said p:.��perty,thereupon,af-
<br />, 4� ter suc"r: termir�ation and awa,rds ,a.t tr,e o���tion nf tl�e Lessee ,tilis i:�denture snall be term-
<br /> �
<br /> �!
<br /> ,j inated ��.:nd of na furt��er force� or effect .
<br /> Option t ' ruURT�:ENTH:- It is further covena.nted and agreed by and between the pa,rties hereto that
<br /> Purciz"se�
<br /> ;� the Lessee,its successors or assi�sls ,sh�ll have the ri�ht �,t their election to purchase tne
<br /> '� pr�perty demised herein as heretofore described,at a..1y tirne during the first fifteen yea.rs
<br /> i
<br /> �
<br /> of this Ie�se ,at an3 for for tr.e purcYa�,se rrice of Fifty Thousand Dollara (�50 ,000) pro-
<br /> ,
<br /> ij vidin� such option is exercised during the first five ( �j yea.r period of the term of this
<br /> r inden.ture ,and at a.na fcr �he price of Fifty-five Th�usa:�d Dolla.rs (��5 ,000) in case euch
<br /> ;
<br /> f
<br /> �i �ption is exerci�ed durin�; t:�� second five-ye:�r ter:r o� tliis indenture ,and �,t the price
<br /> ,
<br /> i
<br /> of Sixty Thousa.nd Dollars (�y60 ,000) providin� sucrl option is exercised during the third
<br /> �
<br /> � five-year period of this lease. And in case of the exercise of such aption and payment
<br /> of the �urchase price as a�ove provided,the Lessors a�ree to thereupon convey said premises
<br /> � by general v�arranty deed free a�d clear of a.11 liens and encumbrances except such liena,
<br /> �
<br /> �
<br /> encumbrances or rights as are vested by this inaenture in the Lessee or as nave been in-
<br /> currea t�irough or by the said Lessee or wizicn are tc �be paid or assumed by the Lessee under
<br /> thie indenture.
<br /> �
<br /> Insur nce. FIFTEEtiTH:- The Lessee a�rees that it �Till at its o�n expense kee� insured a� a.11 times
<br /> ,� during the de:�ised term;�.n;�� ar�d all buildin;;s _or ixlprovernents th�.t inay noti:� $e or .may here-
<br /> � �f
<br /> � �fter be pla.ced upon the pre:�lises ,in good a,nd re�ponsible fire 2nd torn�,do insurance com-
<br /> �� pa.nies ,��l�roved by tize Lessor ,qual�i.fied ta do business in the State of Nebra.ska , (doing
<br /> ��
<br /> i business wnd mainta,ining a�encies in the Stateof Nebraska, ) ,to the amount of not less than
<br /> �
<br /> °' sixt per cent ' °'
<br /> � Y ( 00;0} of t'r�e insur� ble value of sucn buildin�s or improve::�er.ts ,and the pol-
<br /> � _ J
<br />
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