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<br /> ���3►���JJ�J��I��V��'�JI�J� ���1�J�� �31,
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<br /> 74$B4-STA7'E JOURNAL COMPANY,LINCOLN,NEB � �
<br /> ' determined by a bo�,rd of appraisexs or arbitrators selected in the following manner ,to—wit;
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<br /> �; �ach party hereta to choose ane appraiser or arbitrator and in the event the two thus chosen
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<br /> ; are unable to reach a conclusion ,tnen a third to be slected by said two appraisers so chosen
<br /> � and the conclusion reached by two of tne three apy:raisers so chosen to be binding on �i1e
<br /> pa��ies hereta. �
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<br /> THI�'EENTH; Lessor hereby agrees �hat lessee may at its aption purchase said real estate
<br /> ' covered by trlis Iease at any time during the:. term hereof on the foll.owin� baeis; in the event '
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<br /> said option is exercised pr�or to �Iay lst ,192� ,t e purc a e p ice �,11 e �l ,000.00. In the�
<br /> ' even� said option is exercised after May lst ,1�2� ,then the purchase price shall be increased I
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<br /> � �3 ,000 .00 for each year after �4ay lst ,192� ,during thewterm of this lease ,said option to purch�se
<br /> � is exercised;�but lessee shall not exercise this option to purchase said property unless it �
<br /> ' shall notify lessor in �rriting of its election to so purchase at least ninety days before �
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<br /> �� May first of tne year in w�:ich said purchase is to be made and the within lease comtemplates hat
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<br /> sa�d saZe sha11. be completed on or �before May �irst of tha.t year. Upon exercis�ng said optian and
<br /> ,' making tize payment provided,lessor agrees to �ive lessee a good a,nd sufficient deed to said i
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<br /> ; property eonveying a marketable fee eimple title thereto. Also agrees prior to the transfer �
<br /> of said pre�nises to submit to lessee an abstract of title to said premises showing a marketab e
<br /> ; title to be in the name of lessor and in tne event such abstract does not show such marketablf
<br /> � title ,agrees within a reasonable time ,to do those thingsnecessary to sizow a marketable title. ��
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<br /> ' It is also understood that the option to buy does not continue beyond the term herein Ieased
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<br /> and has no apNlication to extensions of this lease, i
<br /> ; FOUR2EENTH: 4n the termination of tnis lease ,��hether by lapse of time or otherwise ,the :
<br /> �� lessee shall promptly and without further notice to quit ,turn over a.nd deliver and surrender '
<br /> to tne lessor the leasehold premis es covered by this lease in as good condition asthe same
<br /> ' may be at any ti:ne during the time of this l�ase ,ordinary and usual wear. and tear and damage �
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<br /> ' or des-�ruction by the elements ,fire and unavoidable casualty exeepted.
<br /> �; FIFTE�NTH;All the terms ,provisions ,conditions and covenants in this lease ,whether so ex— ,
<br /> '� pressed,or not ,shall bind and inure to the benefit of ,as the case. may '�e ,the heirs ,executors ,
<br /> " administrators ,successors and assigns of t�e respective parties hereto.
<br /> �; BIXTEENTH: In the event any ordinances of the City of Grand Island or laws of the State
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<br /> ��;; of Nebra,ska,are hereafter legally passed,legally prohibiting the lessee from maintaining or �� '
<br /> �! operating a store or station,for the sale of petroleum products ,with its tanks ,pumps and othe �,
<br /> ; equi��ment ,ana the stock of :nercha.n�.ise ,for the operation of same ,on the above described pre:ni ss , • �
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<br /> �� then t�is lea,se sh�.11 ,at the election af said lessee ,become null and void by the service of
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<br /> =i notice ,in writi:�.g ,upon said lessor by said lessee ,and by the payment of all rent to said j
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<br /> �' lessor b;t said lessee ,tiiat nave accrued and be� unpaid at the time said written notice is serv d.
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<br /> �� SEVENTEE�TTH: It is expressly understood and agreed by the parties hereto ,that a11 property
<br /> °' hereafter placed upon saia leased premises by lessee ,shall be and re�ain the property of said
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<br /> �� lessee ,and shall not be rnerge� in,or become part of said real estate,and on the ter�nination o
<br /> tilis lease by lapse of time or otherwise,or in event of sale of said real estate under decree ,
<br /> ;� �ud��nent ,or�other judicial sale ,the lessee may remove from said premises ,any buildin�::,�quipmen ,
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<br /> '' or improve�nent placed thereon by tr�e lessee ,and shall have tnirty days thereafter in which �,
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<br /> �! to affect such removal ,provided,however ,that lessee sh�.11 leave said premises in good, �
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<br /> i� clean ,orderly and sightly condition.
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<br /> � �IGHTEENTH: Lessor shall have the ribht to enter said premises at all reasonable times
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<br /> !I �o inspect same ,or for any legitimate purpose.
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<br /> 'i NINETE�NTH: It is hereby understood t�iat Iessor has a prmvate garage partially on the rear f
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