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<br /> S ¢-S7A7'E JOURNAI.COMPANY,LINCOLN,NEB � '- - �� �� �- -� � � - ��-
<br /> Lessee on account of suc; d estruction of sucn prop�:rty s:all be set aside with said Trustee
<br /> as a s�ecial fund �o be used solely in t�e rebuildin�; or restoration of :�uch property ,under
<br /> j the s�;ne conditions herei nb�fore provided for the p�.y�nent a�nd use of insurance :aoney. -
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<br /> Purcha�e. SIXTEEI�TH.- It is further �ovenanted and agreed by tne Lessor a.nd the Lessee that all of I
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<br /> ,; the buildings ,improvements ��nd easements of Lessee sr,all ,at the date of the termination of
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<br /> � this lease by Lessar by reason of a,ny failure ,neglect or default of Lessee ,as herein speci-
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<br /> ; fied,be �'arefeited ta the Lessor u.zequivoca.bly ancl absolutely;but snould this lease con- ,
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<br /> ;; tinue in forc�'e and effect urtil the last year be�inning Se�atember 1 ,�02�,then apportunity
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<br /> �� to purch�se shall be �iven the respective parties ,as fall�ws:- The parties hereto shall dur-
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<br /> �' in� tne mont� of �eptembex ,202�-,a�ree upon the fa.ir ,c�.sh ,market value of the fee ,that is ,
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<br /> ;; �he ��e�,l estz.te o�med by t:ze Lessor a.nd t:�e fair c���h �n�,rket va.lue of tne buildings ,ease-
<br /> �; ;:lents �nd i:nprovet:aents thereon belon�ing to the Lessee. Should the two paxties hereto f�,il
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<br /> ; to reach a.n agreernent . durin�; �eptember ,202�,tnen ea,c�� p�.rty nereto sh�,ll appoint an
<br /> �I appr�.iser and �l�e t v�o so a:�nointed sna11 select a t��.ird �.ppraiser,each of said appraisers
<br /> �r to be tne otivner of real estate in Gra,nd Is1�.nd,Nebr._1.ska ,of the va,lue of not less than
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<br /> (� tv;renty--five tizousand dollars ,a.nd trle appraised v�,lues of any two appr�,isers so selected
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<br /> ; sha.,ll be formally repo�tted to the two p�.rties in 4vriting,duly signed and acknoti�ledged,on
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<br /> ;i ox before January 1 ,2025. Th��.� for and durin� the next four rnonths ,to-ti��it ,until midni�ht
<br /> � April j0 ,2025 ,the Lessor sha.11 h�ve t'rle ri�ht to pruc"�ase all the buildings and improvements
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<br /> �j thereon a,t the a.p�ra,ised or a,�reed va.lue for cash. Tr.at if Lessor fails to exercise said
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<br /> Ioption,then t"r:e Lessee shall :ave four months, t'r.at is ,until midnight ,August 31 ,2025 ,to pur-
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<br /> ,; ch�.se t�ie fee or land belonein� to the Lessor at the arpra.ised or a�reed value for cash,
<br /> ') t}i� sar:►e to be conveyed by special cov�nants of �:�arr�nt;� against all persons claiming by,
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<br /> � througll or undex tize Lessor.
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<br /> i Shall tiia Lessor a�:zd the Lessee each fai. l to exeicise t.le option herein provided or fail
<br /> �; to p�,y t11e ?�urcha�se price in cash on or before th� date allowed herein,t2zen aIl of the r i;ht
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<br /> �� of ti e Lessee in and ta the pre4:�ises hereb�r dem.ised and to all of the buildin�s and inlprove-
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<br /> i anents thP-reon and easements and appuxtenances thereunt;., l�elan�;in; sha.11 finally c�ase and
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<br /> �j terminate ,and all of Lessee' s ri�`tzt ,titl.e and otv�nersi�ip s�w11 absolutely and unequivocably
<br /> � ass to the Lesvor at t�e ex xration of tnis lease to-�vit Au�fust 31 202^ at :nid.�zi�ht .rith-
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<br /> ou� a.77y furt'r:er a.ct or release nereof a:nd the Lessee shall have no furtizer ri�hts thera. n
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<br /> ! o�' ary kind or natuxe.
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<br /> Terrns Ex �zzd SEVE�tTEENTH:-- It is mutu�lly covenanted �,nd agreed by a:nd b@tween the parties hereto that
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<br /> ;1 each af t�.e expressions ,phrases ,ter::s ,co�ditions ,provisioizs ,stipulations ,admissions,promises ,
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<br /> � agxee��e�ts ,revuire��ients an� obli��tions a� t��:is lea�e sha11 extend to 2nd bind �nd inure to
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<br /> ?� the bEnefit �f (as the s��ne ;�1ay be) not only t.ie �ayties her�to ,,�ut eacn �nd every one of
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<br /> �i the heirs,leg2�tees anc� devisees ,executors ,�,dministr;ators ,�,stiigns and successors o� tne re-
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<br /> ii spective pa.rties hereto ,an� whetiever i�z t.�is lease a reference �o either of the parties here
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<br /> � to i�� ;nade,such reference s:nr:,ll be dee�ned to incl�aue iArhe�rever app�ic�.ble also a reference
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<br /> � to the :leirs ,devisees and le�atees ,legal represen�atives ,assi��ns ,lessees and succesaors of
<br /> ;� siach p�.rties ,ti�e sa::�e as ii ir. every res�ect ex�.�resse�,and a.11 t.�e c�nditions and covenar.ts
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<br /> � cont�:ined in t�.is le?se sil�ll be ccnstrued as covel�an�� �un�zin; tiTsith tne la,nd.
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<br /> In case� �f �IGHT}��El?TH:- Ir� thP eve:�� o�.�' the sale ar�� c�-.zve�Tance by t�:e Lessors ,t'rleir lieirs ,a.drtlin-
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<br /> istrators ,executors or assi�,ns ,of ti�eir �itle 4r ir�t�rest in an;� to the de:nis ed prernises,
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<br /> includin� ti e reversion2�ry interest ;ti:e Les:�or so ::,���in, sucn sale or co:1v eyance sr.�17_
<br /> j' thereupon be completely relieved and aise'r.arged frorc t'r�e per��r:lan�e of any and all cove-
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<br /> ' na.nts ^;nd a.�;reer:�ents hereir_ b�r �ie Lessoxs a.�reed to be performed;�rovided,he:*ever ,that such
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