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<br /> �� �� ��JL�� 1'� �� �.J � ��� ��� V
<br /> 21817—The Auguatine Co., County Bupplies, Grand Island, Nebr.
<br /> thereof, and which if unpaid will become ��ast due and�cr delinquent during the period
<br /> covered by the term of this lease, it not being intended that the Government shall pay any
<br /> assessment whieh may be payable in installments or otherT.aise, or installments of assessments
<br /> which do not mature during the term of this le�,se. In any case �ahere the Lessor ia obligated
<br /> under the terms of any mortg��e or lien instrument to make ?�eriodic payments to a 9pecial
<br /> Deposits Account maintained by the Lienor Por the payment of taxes, insurance, et cetera,
<br /> the_ Gover nrrent shall ma,ke such ?��yments for the account of tne Lessor as outlined in paragranh
<br /> 7 hereoP; but if such taxes or other items are not p�id by such Lienor when due, the Govern-
<br /> ment at its option may make such uayments �nd thereafter deduct the amounts thexeof Prom any
<br /> subsequent �mounts due such Lienc�r under the terms hereoP.
<br /> 7. D�,�ring the term of this lease the Government shall pay the amounts of principal or
<br /> interest r,�hich may beeome due during the period covered by the term of this lease on any
<br /> mortJage, deed of trust, li?n, or encumbrance, but only �.n the amount and according to the
<br /> schedule following:
<br /> (1) First mortgage: �Give nfa.me and �ddress of mortgagee. )
<br /> �1one.
<br /> (2) Second mortgage: (Give name and address of mortgagee. }
<br /> None.
<br /> (3) Liens and encumbrances other th�n taxes and assessments: (Give names and addresses
<br /> of lienors. ) None.
<br /> When �.ny obligation �cheduled in paragraph 7, of this lease, which is payable in substan-
<br /> tially equ�l inatallments, is p�id 3n full during the term of this lease, a.nd upon the fur- �
<br /> niahing of evidence sa.tisPa.ctory to the Qovernment of thP discharge of recQrd thereof, the
<br /> Govern ment sh�ll p�.y as aclditional annual rent to the Leasor, effective as of the next suc�
<br /> ceeding da.te ��r payment of any ins�allment of rent hereunner, an amount equal to one year s
<br /> principal and':.i�terest amortization payment or payments on any such obligation, pa,yable in
<br /> � quarterly in�tallments in the samP manner as the rent sp_ecified in paragraph 3 hereof. When
<br /> any sin�lP payment mortgage obligation on which interest only is acheduled 1n paragraph 7 �
<br /> oP this lease is paid in full during the term of this lea.se, and upon the furnisning of
<br /> evidence satisfactory to the Government of the discharge of record thereof, the Government
<br /> shall pay as adc�itiona.l annual rent to the L�essor, effective as of the next succeeding date
<br /> for pa.yment of any installment of rent hereunder, an amount equal to the annual amount
<br /> reserved by the Government to pay such interest on such obli�ation, and such ad:�itional
<br /> annual rent shall be payable in quarterly inst�.11ments in tne same manner as the rent
<br /> specified in paragraph 3 hereof. The Lessor covenants and agrees not to �ermit, place,
<br /> or cause to be placed any mor. tgage, deed of trust, lien or encumbrance of any kind on the
<br /> Premises after the execution of tllis lease without tize prior consent of the Government. .
<br /> g. The Govern ment does not undertake to furnish any insurance of any nature whatsoever
<br /> on trle Premises for the benefit of tne Lessor or to pa.y any premiums therePor. If, however,
<br /> the possession and use of the Premises by the Government is ,jeopardized by the Pailure oP �__
<br /> the Lessor to protect the Premises by adequate insur�.nce, or to protect the interests of
<br /> any party ha.ving a mortgage or other lien upon or interest in the premises, the Government
<br /> may furnish or pay for such insurance as it may determine to be. necessary, in which event
<br /> the prPmiur-i or premiums �aid by the Government sh�ll be declucted from the stipulated net
<br /> rental paya,ble hereunder to the Lessor. In the event of loss, the aovernment ahall have
<br /> the ri�ht, at its option, to ���z�ly �ny insurance proceeds available to the Lessor or to
<br /> the Uovernment f�r the z�urpose of rebuildin�, restorinb, or repairing the Premises.
<br /> 9. The Government, during the term of this lease, sha.11 take good care of the premises,
<br /> �.nd may make any and aIl repairs, both interior and exterior, neceasary to keep the Premises
<br /> in good order, condition, and repair, without the consent or apnroval of the Lessor. Upon I
<br /> the- surrender of the Premises by the Government, it sha:ll redecorate and/or repaint the ,
<br /> vae�nt nortion of the interior thereof. I
<br /> 10. WhenPVer the �ole of said premises or any essential part thereof snall be des- I
<br /> troyed by any cause whatsoever, the Government ha.s the r3ght and privilege to rebuild,
<br /> restore, or repair said Premises or elect to termin�.te the lease. In the event of election
<br /> to terminate this lease, the Government sh�.11 give notice in writing of intentian to term-
<br /> inate to the Lessor within sixty (60) days after such destruc'�ion, in whole or in any essen-
<br /> tial part, and the installment of rent payable for the period during which the termination
<br /> occurs shall be prorated.
<br /> 11. The Government may terminate this lease at any time during the term thereof by
<br /> giving ta the Lessor thirty �30) days� written notice of such intention to terminate. In
<br /> the event of such termination, the installment of rent pay��ble for the period durin� which
<br /> the termination occurs shall be prorated.
<br /> 12. The Government ma.y assign or sublet all or any p�rt of the Premises to tenants,
<br /> occupants, or other persons whom it m�.y select, and such assignees or sublPssees shall
<br /> have such of the ri�hts granted to the Government under this lease as the Government may
<br /> gr�nt to such assignees or sublesseea.
<br /> 13. The Lessor m�y �ut up "For Rent" si�ns fifteen �15) da.ys prior to the termination
<br /> � by the Governrnent of its tenancy.
<br /> 14. The Lessor with the int�ntion that the Government sh^_11 rely thereon and for the
<br /> purpose of inducing the Government to enter into this lease re�resents, atates, covenant�,
<br /> and warrants tha.t he � she) �it) (tr�ey) has�have a right to enter into this lease and has/
<br /> have a good and marketable tltle to the Premises as follows: � Fee simple title.
<br /> Sub,j ect only to the followin�: �'�'
<br /> 15. All notices ��rovided for by this lease may re �iven by regul��r mail ar�dressed to
<br /> t'�e Les�or at P.O.�ox 3�6, Grand Island,Nebraska, or to the Government ��rith prepaid ��ostage
<br /> at c�o HOLC, �.0.��. Bldg. , Om�,ha, T'Zebrask�, sub,j ect to t'�e ri�ht of either the Lessor or
<br /> the Government to �esignate by notice in writin� a new address to wh�.ch said notices must
<br /> be sent.
<br /> 1(. Tkie Lessor expressly covenants and agrees to dellver r.�ossession of the Premises
<br /> to the Government Pree of oecup�ncy by any ten�nt or any other person on or before the first
<br /> da.y of the term of this lease.
<br /> 17. This lea.�e sh�ll be bindinp u��on the Lessor, his (her) (its) (their) heirs, execu-
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