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<br /> , �1tgSC��,�A�T�E��J� R�EC ��� �J
<br /> 21917—The Augustine Co., County SupPlies, Grand Island, Nebr. .
<br /> Acaepted and approved thia 15th day of July, �943.
<br /> WESTERAi BUILDERS, INC.
<br /> Ada Watson bq Ada �ataon,
<br /> �
<br /> Secretary President
<br /> P'iled for record thia 19 day. of July, 1g43, at 1:�0 0 �clock P.M. , �-7j
<br /> lJJ
<br /> egister of eeda
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<br /> LEASE
<br /> `'�� LEASE TO THE UNITED STATES OF AMERICA
<br /> BY IIVDIVIDUAL OR PRIVATE CORPORATION.
<br /> THIS LEA9E entered into this 19th day of July, 19�3, by and between The arand Island
<br /> College of (�rand Island,Nebraska, a corporation, City oP Grand Island, County of Hall,
<br /> 8tate of Nebraska, herein called the MLESSOR�, and THE UNITED 3TATES OF AMERICA ACTIN(3
<br /> HY THE NATIONAL HOUSING At�ENCY, herein called the uGOVERNMENT" :
<br /> WITNESSETH:
<br /> The parties hereto for the considerations hereinaPter mentioned conenant and agree as
<br /> foll.ow8: '
<br /> 1. The Lessor hereby leases to the aovern ment the following-described Premises together
<br /> with all improvements thereon and appurt�nances thereto, herein ealled the "PREMISES�,
<br /> located in the City of Grand Island, Coux�t��: oY Ha.11, state oY Nebraska;
<br /> A parcel of land lying partly in �ollege Addition to West Lawn and partly in Saarff�s
<br /> Addition to �1est Lawn, arand Island,Nebraeka� More particularly deserib d as t'ollowa:
<br /> 9tarting at a point 208 Peet south of the southeast corner of Block 10, �vllege Addition
<br /> to West Lawn, and on the west line of La,taystte Ave. going west 577.2 Peet parallel to
<br /> the north line of College St. thenQe south and parallel to the w�st line of Lafayette
<br /> Ave. a distanee oP 140 feet, thence west and parallel to the north line of College St, a
<br /> distance of �0 feet, thence eouth and parallel to the west line of Lafayette Ave. a d1s-
<br /> tance of 540 feet, thence east along the north line oY College St. a distance oP 250 feet,
<br /> thence north and parallel to the west line of Lafayette Ave. , a distanee oP 320 feet,
<br /> thence east and parallel to the north line of College St. a distance of �407.2 feet, thence
<br /> north along the west lin� oP Lafayette Ave. a diatance of 360 feet to the place of begin-
<br /> ning. �
<br /> 2. �o h�ve and to hold the Premises for a term of aeven �7) years, beginning on July
<br /> 19, 1943, and endin� on Ju1y 1�, 1950,
<br /> I The aovernment shall a the Lessor annual rent aent to the a8drese rovided for
<br /> 3• P y , p
<br /> in aragraph 15 of this lease, o� $3600.00, payable in advanee in quarterly installments
<br /> of �900.�0 on the 19th day oP July, �etober, January, and April; provided, however, that
<br /> the f irst quarterly installment of rent under this lease may be paid not later than 30 days
<br /> after possession of the leased premisea ha.s been delivered to the C�overnment.
<br /> �}. The �overnment, during the term of this lease, may build, rebuild, remo8el, recon-
<br /> dition, rehabilitate, convert, change, and alter the Premises, and install an8 maintain .
<br /> additions and struoture8 thereto, including internal and external ehanges, and may change
<br /> the number of living units in the Premises and attach Pixtures thereto, and make any anci
<br /> all improvements thereto, including utilitiea and roads, at the eapense of the C4overnment;
<br /> ProviBed, however, That these rights may be exercised in accordance with plane and speoi-
<br /> fications aubmitted to and approved in writing by the Lessor. The aovernment may make such
<br /> . reasonable variationa rrom, and modifications in, euch plan$ and apecificationa- originally
<br /> approved by the Lessor as the Government deems necessary in the course of carrying out such
<br /> plans and epecifieations. All such building, rebuilding, remodeling, reconditionin�,rehab-
<br /> ili�atin�, converting, ehanging, and altering oP the Premises, and all additions, atructures,
<br /> and fixtures added to the premises by the aovernment, including utilities and roads, which
<br /> are remaining thereon at the termination of this lease, however accomplished, or when the
<br /> (�overnment begins reconveraion of the Premises, ahall then become the property oP the Les-
<br /> sor; and the aovernment shall be under no obligation to restore or reconvert the Premises
<br /> to their condition at the time of the execution of this lease� Provided, however, Tha.t
<br /> in the event the aovernment determines to terminat.e this lease, except where auch termina-
<br /> tion ie in pursuanee of an election made by the C�overnment under the provisions of para-
<br /> graph 10 hereof, and the conver�ion of the Premises has be.en actually commeneed. ;.but ha.s not
<br /> been completed, the (}overnment at its sole option, before such termination becomes eYPective,
<br /> shall either complete the eonverslon or restore or reconvert said Premiaes to their condi-
<br /> tion at the time oY the execution of this lease; and Provided further, Tha,t in the event
<br /> this lease has been terminated, exeept where such termination i� effeeted under the provisions
<br /> of paragraph 10 hereof, the Qovernment shall restore or reconvert said Premises whenever
<br /> the ehanges �nd alterationa therein have been of a temporary nature and have been designated
<br /> as such in the plane and specif ications approved by the Legsor. The Government agreee to
<br /> hold the Lessor harmless of and Prom all liens by reaeon of any building, improvements,
<br /> alterations, repairs, reeonveraion or restoration.
<br /> 5. The C�overnment shall �ay t�.xea, assessments, municipal and governmental rates, and
<br /> water rates, principal and interest on liens and other encumbrances on the 1'remises due and
<br /> unpaid at the time of the beginning �f the term of this lease only in the amounts shown in the
<br /> schedule as followe:
<br /> (1) Mortgages, �.Sens or encumbranees: �aive name and address of Mortgagee. )
<br /> NONE. Principal, �• . . . . . . . . . . .
<br /> �ntere�t �. . . . . . . . . . . . .�. . . . . . . . . . . .
<br /> (2� Taxes, assessments, municipal or governmental
<br /> rates, and water rates, including interest and penaltiea.
<br /> NONE.
<br /> . . . . . . . . . . . . . .
<br /> • r • • + a + s • + s � • e
<br /> � � • . • • • • • • . • s � • •
<br /> � �, . . . • . • . . • • . . • . . •
<br /> �, �T04�AL . . . . . . . . , . . .
<br /> The aovernment may, but sha11 not be required to, pay on behalf of the Lessor ar�y other
<br /> �axes, assessments, municipai and governmental rates, water rates, principal and interest
<br /> on liens, and other encumbrancea on the premises not listed in this paragraph, due and un-
<br /> paid at the time of the beginning oP the term of thia lease, together with any interest and
<br />
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