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<br /> �IgSB4-STATE JOURNAL COMPANY�LINCOLN,NEB � � � -�� -�-
<br /> COAT HAC�-LEAB$�-AGRE�+IENT
<br /> I Txis ��Rt�g,�[sae ana entered into this ].l�h day of Ovt,1926,by �,nd b�twee�� Bird L.
<br />� I" Oummings,party of the fixst paxt,and �falter �.Qummings and A2tamus B. Cummings,partiea oY
<br /> f� the second: art �IiTNESSETH•
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<br /> �� ViH�AS,all the partiee hereto are the heirs at law and the only h�ire at law of Mar�sll-
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<br /> � us Y.Oummings,now deceased,and as suah heirs at law have inherit�d a on�-third interest �taoh !
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<br /> �; ia and to th� fol7.ouing described proper�y in the City of Grand Island,Ha11 ��ntp,Nebraeka,
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<br /> � �` to-wit ,the Northerly one--half cf Lots Five (5� and Six (6) and the Northerly 5ffi feet of Lot .
<br />� j 3even (7),sll in Hloek Seventy-aine (79) ,of the Original Town,noR Ci�y o� araad Islaad,Neb-
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<br /> '! raska;aad I
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<br />' �! 1�R'�J13 the art of the first
<br /> �; , p y part deeires to lease to the p�,rties of the second pa.rt
<br /> !' hie interest in said remises for a ,
<br /> �, p period of tive (5) years �ith an option of an additional
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<br /> , five (5) y�ar�;
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<br /> �� �D�,TH�REI�OR�,it is agreed by and betw�en aaid parties as follor�s,to-wit;
<br /> �; That the ar� o� the first
<br /> p y pa�t does hereby lease and l�t ,under the t erme and aoaditions
<br /> j hereinafter set. forth,unto the parties of the seeond part �he eaid premises,to-wit:
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<br /> ` The biortherly half (N�� of Lote Five (5) and �ia (�) ,and the Northcrly 5S fset of 1ot
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<br /> 8�Y@D (7) ,all in Block 3ev�nty-nine t79) ,of the Original To�►n,no� Oity,oP t�rand IelaAd,N�bra ka,
<br /> i' for a period of ftve (5j y�ars,eommencing with the .first day of Julp,1926 and ���ia�ating �
<br /> on the 34th day of June,lq3l,v►i�h option,bowever,of the parti�s of the s�cond part to sa-
<br /> j tend this lease for a further period of five ytars,commenQing �vith the let day of July, �
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<br /> I� 1931,upon giving �ritten not ice to the pasty of the first part ,at leas� siaty days before
<br /> I; the termination of the first five
<br /> � years.
<br /> � And the partt�s of the second part,in eonsideration of sa3d leaee,hereby agree as folio�re
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<br /> � tc-wit; To pag to the pa,rtp of the first part thc aum of Forty pollars ��40.00j per month
<br /> ! an the first day of eaah and every month,00 mmencing wi�h the firs� day of Julp,l926,arid
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<br /> , ;� further �gree to p�.y a�.3. .��it�� >],e�ri�d aad a�se�s�d against said property and to keep said ,
<br /> j� property ineured in some good reliable company or companies for the benefit of the thr�e
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<br /> ; partieg hereto and ia the largest amount po�sible to be pu�cchased by an annual premium o�
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<br /> � �150.E3Q a year.
<br /> And the partiee of the seaond part further agree that they will ues satd property ia a
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<br /> �) careful manner and allow no waste thereon,and will keep said property during all of eaid
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<br /> period in as good condition as it now is or may h�reafter be plaQed,ordinary wsa� sad
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<br /> �� tear,da,mage by fire and the elements ezcepted.
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<br /> NI In addition to t2ae rental h�rein stipulated,par�ies of the eeaond ar� ree to -a th�
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<br /> P a6 P Y
<br /> �' interest on �leven Thousand (�11 ,OOQ.00) Dollars,of the Si�cteen Thousand �'ive Hundred
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<br /> - �� (�16,500.00) Dollar mortgage on the premises herein leased,a.nd the interest on the remain- ;
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<br /> '�' ing �'ifty-five Hundred (�5500A0) Dollars is to be paf,d by eaah of t he parties to this
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<br /> agreement contributing one--third (�}j of suoh interest.
<br /> . It is further agreed that i�� after the e�pi�ation of the firet fiQe (5) year term hereiu
<br /> granted a purcha�er can be found for said premiaes for the sum of Forty-live Thousand
<br /> (��5,000.00) Dollare or more that each of the parties to thie agre�meat wili sell said
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<br /> premtsea for such :sum and eaecaute proper eonveyanoee for that purpoB• ,
<br /> I B.L.Q. A.B.O. W.M.O. �
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<br /> It is further atipulated and agreed that shouid the parties of the second part fail or
<br /> neglect to pay said rent, of �40.0� p�r month in advance at the time when same ie payabla , I,
<br /> or should they fail or neglect for a period of eiaty days after the sam e beQOmee delinquent , �
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