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<br /> A�� SC ]E�,]LA�T]E��J� �]E� ��� LJ
<br /> 21917—The Auguatine Co., County 8uppliea, GMnd Island, Nebr. �
<br /> which are levied and imposed upon s�.id Premises, or any part tnereof, and become due and
<br /> p�y�,ble durin� the period covered by the term of this le�ae: Provided, however, That� the
<br /> Govern ment shall be required to nay only such asses5ments, or inst�,llmenta of assessments
<br /> (speci<�1 or improvement) , which are levied and im��osed ut�on said Premises, or any part
<br /> thereof and whieh 1�' unpa.i� will become past d�.ze ancl/or delinquent during the period eovered
<br /> by t�e term of tnis lease, it not being intended that the Government shall pay any as�essment
<br /> which may be paya.ble in installments or otherwise, or inst�llments �f assegsments which do
<br /> not ma.ture clurin� the term of this lea.se. In any case wnere the Lessor is obli�ated un�.er
<br /> the terrns of any mortgage or lien instrument to m�.�iP, ��eriodic payments to a Special Deposits
<br /> Account mainta.ined by the Lienor for the p�.yment of ta.xes, insur�nce, et cetera, the Govern-
<br /> ment snall ma.ke such �ayments Por tr�e aceount o�' the Lessor as outlined in paragraph 7
<br /> hereof; but 1�' such taxes or other. items are not paid by such Lienor when c�ue, the Govern-
<br /> ment at its oc�tien may make such payments and thereafter deduct the amounta thereof Prom
<br /> a.ny �ubsequent �.mounts due such Lienor under the terms hereof'.
<br /> �. During the term of this lease the Government s�1a.11 uay the amounts of principal or
<br /> interest �,�hich may become due durin� the 7�eriod cr�vered by the term of tr,ig lease on a.ny
<br /> mort�a�e, deed of trust, lien, or. encumbrr�.nce, but only in the �mount anc� accor�ing to the
<br /> schedule follo�ain�:
<br /> (1) F1rst mortg�.ge: (Give name and adczres� of mort�agee) Installment contract taith
<br /> HOLC, W�.silington, D. C. , da.ted SeT���ember 7 193�, bal�,�lce due �s of May 7, �943, $3223.12,
<br /> paya.ble by th? Government at the rate of �90.9� includin� principal a.nd interest, on the
<br />; 7th da.y o�' September, December, �arch and June.
<br /> (2) Second mortgage: (Give name and �.ddress oP mort�a�ee)
<br /> None
<br /> (3) Liens and encumbrances other th�zn taxes and assessments: �Give names and addresses
<br /> of lienore. )
<br /> None.
<br /> '�lhen any obligation scheduled in ��aragrabh 7 of tl-�ia lease, ��ich is �ayable in substantially
<br /> eaual installments, is naid in full during tne term of tni.s lease, and upon the furnishing of
<br /> evidence satisfactory to the aovernmPnt of the dischar�e of record thereof, the Government shall
<br /> pay as additional annua.l rent to the Lessor. , effPctive as of the next succeedin� date .fo-r pay-
<br /> ment of �.ny installment of rent hereund.er, an amount equa.l t� one year' s principal and interest
<br /> amorti2�ation payment or �ayments on any such oblig�tion, payable in quarterly installments in
<br /> the same r�anner as th� rent epecified in paragraph 3 hereof. �hen ��ny single payment mortgage
<br /> obligation on tahich interest only is scheduled in pa.ra�ra.ph 7 of tnis lease is paia in full
<br /> durin� the term of this lease, and upon the furnishin� of evidence s�.tiafactory to the �overn-
<br /> ment of thP discharge of record thereof, the Government sh�.11 naY as additional annual rent
<br /> to the Lessor, ePPective as of the next succeeding date for p�.yment of any installment of
<br /> rent hereunder, an amount equa.l to the a.nnual amount reserved by the Government to u�y such
<br /> interest on such obli�ation, and such adc�itional annual rent sn�.11 be �ayab�e in quarterly
<br /> inst�llments in the sa.mE m�nner t�.s the rent s?�ecified in paragra.�h 3 he��eof. �'he Lessor
<br /> covenants a.nd agrees not to nermit, �lace, or cau�e to be pl�ced any mortgage, deed of
<br /> trust, lien or encum'pr�nce of any kin�. on the Prernises after the exPcution of this lease
<br /> wit?�iout �GIl? prior consent of the Government.
<br /> �. The GovernmPnt does not undertake to furnish any insurance of �ny nature wnatsoever
<br /> on the Premises for tne benefit oP the Lessor or. to pa.y any �remiums therePor. If, however,
<br /> the noasession a.nd use oi the Premisea by the Government is ,jeopardized by the faiiure of
<br /> the Lessor to protect the premises by adequate insur=�nce, or to protect the interests of any
<br /> party having a mortga.ge or othe .r lien upon or interest in the Premises, tne Government may
<br /> furnish ar pay such insurance as it ma.y determine to be necessary, in which event the premium
<br /> or premiums paic� by the aovernment shall be deducted Prom the stipulated net rental payable
<br /> hereunc�er to the Lessor. In the event of loss, the Government shall have the right, at its
<br /> optlon, to apply any insurance aroceeds available to the Le�sor or to the Government for the
<br /> pur�ose of rebuilding, restoring or repairing the Premi�e�,
<br /> g. The aovernment, d.urin� the term of this lease, shall t�.ke L,00d care of the Premises,
<br /> and m�zy m�ke any and al1 repa.ir5, both interior and exterior, necessary to keep the Premises
<br /> in �;ood order, condition, and repair without the congent or �pnroual of the Lessor. Upon
<br /> the surrender o�' tlze Premises by the Govern ment, it shall redecora.te and�or repaint the
<br /> v�.e�a.nt portion of tlze interior thereof.
<br /> 10. Whenever the whole oP sa.id premi�ea or �:ny essential p�rt thereoP sha.11 be
<br /> destrayed by any cause whataoever, the Government ha_s the ri�;ht and privilege to rebuild,
<br /> restore, or repair said Premises or elect to terminate the lease. In the eve:it of election
<br /> to terminate this le�se, the C�overnment shall give notice in writing oP intention to termin-
<br /> ate to the Lessor within sixty (60� da.ys after s�_zch d eatr. uction, in whole or in any esaential
<br /> part, anc� the installment df rent t�ay�ble for the ��eriod during �►hich the termina.tion occurs
<br /> shall be x�rorated.
<br /> 11. ThP Goverr.ment m�y tPrmin�.te this lease at any time during the term thereof by
<br /> giving to the Lessor thirty � 30} days ' written notice of su.ch intention to terminate. In
<br /> the event o�' such termina.tion the iristallment of rer�t �ayable for ti�ie period during which
<br /> the te .rmination occura shall be 1�rorated.
<br /> 12. The Government ma.y assign or sublet �,11 or any part of t:ie Premises to tenants,
<br /> occupants, or other pPrsons whom it may select, and s�ach assignees or sublessees shall h�.ve
<br /> such o�' t17e r3.�hts gra.nted to the Government under this lease as t'rie Government ma.y grant
<br /> to such assignees or sublesseea.
<br /> i3. The Lessor may put up ��For Rent" signs fifteen �15) days prior to the termination
<br /> � by the Government of it s tena.nc�T.
<br /> 14. The LPSSOr with the intention th�t the Government sh�ll rely thereon �nd .for the
<br /> purpose of inc�ucing the Government to enter into t�zis lease reprQsentg, Str'�tPS� coven�nts,
<br /> and taarr�nts t�ia.t he ( she� (it) ( t�iey) h�s/h�ve a right to enter int� this lease and has�h�ve
<br /> a �;oo� anc? marketable t�.tle to the Premises as folloj�►s: �
<br /> Equitable title by installment contra.ct purchase Prom HOLC s�id contract being dated
<br /> September 7, 1939•
<br /> �ub,ject only to thP follo�ain;: '��' Le�al title in HOLC, ?+�t��ich title will �rest in Lessora
<br /> as soon �s all �.mounts otaing under installment contra.ct are pa.id to HOLC.
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