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<br /> _ 'fQSS4-57ATE JOURNAL COMPANY,LINCOLN,NEB � �
<br /> PARTY '�IALL LEA,SE
<br /> Tnis ind'enture made this 3rd day of April , A. D. z93o , by and bet�een William F.Krehmke , of C�rand
<br /> Zel�.nd , Nebr�.ska, party of the first part , and Homer Bowen, of Cirand Island , Nebra�ka, party c�
<br /> the second part , witnesseth;
<br /> That wherea.s the said first party now owns a two story brick building on his said premises des-
<br /> lcribed as the Southerly One-Half of the Northerly One-third ( 8�N1/3) of Lot One ( I) and 9outh-
<br /> �rly One-�alf of the Northerly On�-tnird of the Eaaterly One-third ( 9�N1 /3E1/3) of Lot Two (2)
<br /> i
<br /> in B2ock Forty-two (�+2) of the Original Town, now city of Grand Island , Nebraeka, being a re�- �
<br /> tan�ular piece of grc�und havin� an ea,sterly frontage of Twenty-two (22) feet on Pine Street , a ��
<br /> � �I
<br /> depth of Eighty-eight (��) feet and bounded on the north by a Iine parallel to Fourth 8treet ,
<br /> ��
<br /> and distant Twenty-two ( 22) feet eoutaerly therefror�, eubjeet to a Twelve ( 12) foot right of
<br /> way on the westerly end thereof , bein� the west T�+elve ( 12) feet of said premises (hereinafter ,
<br /> known a.s parcel ��AK) ana tne south wall of said building, bein� $eventy-six ( 76} f�et in lengt ,
<br /> is built upon said Parcel "A" a..nd on the south line thereof;
<br /> And whereas the said seeond party is the owner of the adjoining prernisea described as the $out
<br /> �` erly One-third of the Northerly One-half ( S1/3N�) of Lot One ( 1) and of Southerly One-tnird of
<br /> s the Northerly One-half of the Easterly One-t:zird ( sl/3x��El/3) of Lot Two (2) in Block Forty-tw
<br /> (�2) af tne Original Town , now city of Grand Island, Nebraska, being a rectangular piec� of �
<br /> ground having an easterly frontage of Twenty-two (22) feet on Pine Street , a depth of Eighty- �
<br /> �ight (��) feet and b�unded on the north by a Iine parallel to Fourth Str�et a distance gorty- I
<br /> four (�4) feet s�utherly tnerefrom, subject to a Twelve ( 12) foot right of way on tlae Westerly
<br /> end thereof, bPing the west Twelve ( I?..) feet of said premise� (hereinafter known as Parcel "B") ;
<br /> And whereas said second party is desirous of building a one-st�ry brick building on said Parce
<br /> "E�" and is desirous of using said firet party� s south wall as a, paxty wall;
<br /> NOW THE�EFORE IT IS AGREED by and between the parties hereto that the first party , in consider
<br /> ation of the covenants hereinafter set forth and payment by said second �a.rty of the sum of
<br /> Th7ree Hundred Ninety-six and �0/100 Dollars ( receipt whereof is hereby aoknowledged) does here
<br />. by lease to the said second party the following described premises, to-wit: a piece of land
<br /> off of the south side of sa,id Parcel "A" having a frontage of six and one-half ( 6�) inches on
<br /> Pi,'r�� Str�et and extending westerly 5eventy-six { 76) feet ( said strip being a rectangula.r pi�ce
<br /> of ground) p�.rallel with Fourth Street , and �I1 appurte�zanoes thereon, for so long a period a8
<br /> I
<br /> the sa,bd wall shall stand and be maintained. �.�
<br /> Said first party furtner agrees that if the said second party shall not use the full length of
<br /> said wall at tnis time for said one-story brick buildin� he shall have the ri�ht to use the �
<br /> remaining part thereof �t any time he desires during the period of this agreement , the inten-
<br /> tion being to grant and convey a ri�ht to use sa,id wall as a pa.rty wall for the full length of
<br />, said Seventy-sia (76) feet for a one etory building on sa,id Pareel "B".
<br /> It is further a�reed by and between the parties that the said walIl as it now atands shall be
<br /> maintained as a party wall to the hei�ht necessary for said one-atory building to be built on
<br />� Parcel "B" , and all repairs thereon after the building of the second party shall be completed
<br /> shall be borne equally by the parties hereto.
<br /> It is further stipulated between the parties that if the said second party shall at any future
<br /> date desire to increase the hei�ht of said building now to be built on Parcel '�B" to a two et y
<br /> building, he shall h�.ve tne right to use the +aaid south wall of the first party� s building on
<br /> said Parcel "A" to its full height so long as said wall shall stand, upon the payment to the
<br /> first party of one-half of the va.lue of that portion of the wall so utilized at the time it is
<br />, so used.
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