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<br /> � �1[� SC ���L�.�T���J� ��EC ��D �J
<br /> 21917—The Augustine Co., County 8upplies, Grand Island, Nebr.
<br /> LEASE
<br /> '� LEASE TO THE UNITED STATES OF ANIEERICA �
<br /> BY INDXVIDUAL OR PRIVATE CORPORATION. �'
<br /> THIS LEASE entered into thi� 7th day of Ma.y, 19�+3, by and between �arl E.Willard and
<br /> Joan Willard, husba.nd and wife, and Carl E.Willard, Attorney-in-Pact for Vance Willard
<br /> Ca,mpbell,. arld William Stuart Campbell, husband and wife, Clty of Grand Island, County oP
<br /> Hall, State of Nebraska, herein called the '�LESSOR'� , and THE UIdITED STATES OF AMERICA ,
<br /> ACTING BY THE NATIONAL HOUSING AGENCY, herein called the '�GOVERNMENT" :
<br /> WITNESSETH:
<br /> The parties hereto for the considerations hereinaPter mentioned covenant and agree
<br /> as 2'ollows:
<br /> 1. The Lessor hereby leases to the Government the following-described Premises to�ether
<br /> with all improvements thereon and appurtenances thereto, h�re�:n called the "PREMISES,
<br /> � loca.ted in the City of Grand Island, County of Hall, State oi Nebraska:
<br /> The East one-third (E 1/3rd) of Lot Six �6) and all o$ Lot seven (7) , in Block Eighty-
<br /> three (�3), in the Original Town, now City of Grand Island,Ha11 County, Nebraska, also
<br /> known as 512 West lst Street, Grand Island, Nebraska.
<br />� 2. To have and to hold the Premises for a term of seven �7) years, beginning on June 1,
<br /> 1g43, and ending on June 1, 1950.
<br />� 3. The aovernment sha.11 pay the Lessor annual rent, sent to the address provided for �,
<br /> in aragraph 15 of ttiis lease of �600.00, payable in advance in quarterly installments '�
<br />� of �150.00 on the lst day of June, September, December, and March.
<br /> 4. The Government during the term of this lease, may build, rebuild, remodel, recon-
<br /> dition, rehabilitate, connert, change, and alter the Premises, and in�stall and maintain ;.
<br /> additions and structures thereto, including internal anc� external changes, and may change !
<br /> the number of living units in the Premises and attach fixtures thereto, and make any and
<br /> all improvements thereto, lncluding untilites and roads, at the expense of the Government :
<br /> Provided, however, That thPse rights ma9 be exerclsed in accordance ?aith plans and specifi=
<br /> cations submitted to and approved in writing by the Lessor. ��� �overnm�nt may make such
<br /> reasonable vaxi�,tions Prom, � nd modifications in, such plans and specific�tions originally
<br /> ap�roved by the Lessor as the Gcavernment desmg neceasary in the course oP carrying out
<br /> such plans and s��ecifications. All such �uilding, rebuilding, remodelin�, reconditioning,
<br /> rehabilitating, converting, changing, and altering of the Premises, and all additions,
<br /> structures, and fixtures added to the Prerniaes by the Government, including utilities and
<br /> roads, �rhich a.re remaining thereon at the termination of this lease, however accomplished,
<br /> or when the Government begins reconversion of the Premises, shall then become the pro�erty
<br /> of the Lessor; and the Government sh�ll be under no obligation to restore or reconvert the
<br /> Premises to their condition at the time of the execution of this lease: Provided, however,
<br /> That in the event the Government determin�s to terminate thie lease, except where such
<br /> termin�tion is in pursua.nce of an election made by the Government under the provisions oP
<br /> para.graph 10 hereo�', a,nd the conversion of the Premises haa been actually commenced but
<br /> has not been completed, the Government at its sole option, before such terminatien be-
<br /> comea efPective, shall either complete the conversion or restore or reconvert said Premiaes
<br /> to their condition at the time of the execution oP this lease; and Provided further, `
<br /> That in the event this lease has been terminated, exceUt where such termination is
<br /> effected under the provisions of paragraph 10 hereof, the Government shall restore or , ,;
<br /> reconvert said Premises whenever the ch�nges and alt"erations therein have been of a
<br /> � temporary nature and have been designated as such in the plans and specifications
<br /> apY�roved by the Lessor. The Government agrees to hold the Lessor harmlegs of and Prom
<br /> all liens by reason of any building, improvements, alterations, repairs, reconversion
<br /> or restoration. .
<br /> 5. T�ie aovernment shall pay taxes, assessments, municipal and governmental rates, and
<br /> water r�.tes, principal and interest on liens and other encumbrances on the Premisea due
<br /> and unp�id._at_�he time of the beginning oP the term of this lease only in the amounts ahown
<br /> in the schedule as follows:
<br /> {1) First mortgage: (Give name and address of mortgagee. )
<br /> None.
<br /> '�� _ � Principal, . . . . . . . . . .
<br /> Interest, �. . . . . . . . . . . �. . . . . . . .
<br /> (2) Second mortgage: (Give name �nd address of mortgagee. )
<br /> - None.
<br /> Principal, �. . . . . . . . . .
<br /> Interest, �. . . . . . . . . . �. . . . . . .
<br /> (3) Otner liens or encumbrances: (Give names and addresses of lienors. ) „
<br /> None. �
<br /> Principal, �. . . . . . . . . . .
<br /> . Interest, . . . . . . . . . . . �. . . . . . . . .
<br /> Principal, . . . . . . . . . . .
<br /> Interest, . . . . . . . . . . . �. . . . . . . . .
<br /> (4) Taxea, assessments, municipal or governmental
<br /> ratPs, and water �ates, including interest and penaltiea: .
<br /> None due and unpaid.
<br /> �. . . . . . . . . . . . .
<br /> . . . . . .
<br /> . . . . . . . . . . . . .
<br /> �. . . . . . . . . . . . . �. . . . .
<br /> TOTAL . . . . . . . . . . . . .
<br /> . �he Government may, but ahall not be required; t�, p�.y on behalf of the Lessor any other
<br /> taxes, assessments, m�nicipal and governmental r,�tes, :and water rates, urineipa.l and in-
<br /> terest on liens, and other eneumbrances on the Priemises, not lis�ed in this paragraph, '
<br /> � du� �nd unpa.id at the time oP the be�inning oY the teri�•.of this lease, in which event '
<br /> ` the Government will deduet the amount of such payment dr p�.yments from any rent or rents
<br /> due or which become due to the Leasor. � �.
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<br /> 6. �e Government agrees during the term of this le`�.se tc,�pay each year all taxea and
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