|
���
<br /> �� ������1'�I �� �.J � ��� ��� V
<br /> 21817—The Augustine Co., County Supplles, Grand Island, Nebr.
<br /> such taxes or other items are not paid by such Lienor when due, tl�e Government at i�s option
<br /> may make such payments and thereafter deduct the amounts t�iereoP f'rom any subsequent amounts
<br /> due such Lienor under the terma hereof.
<br /> 7.During the terrn oP this lease the Government shall pay the amoun�Gs oP principal or interest
<br /> whieh may become due during the period covered by the terr� oP this lease on any mortgage,
<br /> deed oP trust,lien, or encumbrance,but only in the amount and accordin� to the schedule
<br /> following:
<br /> (1) �Iortgages,lisns and encumbrances other than taxes and assessmen�s: ( Give name and
<br /> Address of Mortgagee. ) �
<br /> N one
<br /> When any obli�ation scheduled in para�raph 7 oP this lease,which is payable ln substant-
<br /> an on tlz rni
<br /> in th t rm of t�iis lease d u e �u shin
<br /> 1 � i aid in Pull dur e e , P
<br /> ially equal instal men s, s p g g
<br /> ar oP record thereof the Govern-
<br /> rmm �t of th discli e
<br /> to �ti Gove e e �
<br /> ati Yacto e
<br /> of vidence s s �
<br /> e rY
<br /> m ent shall pay as additional annual rent to the Lessor, effective as of the next succeeding
<br /> date for payment of any inatallment oP rent hereunder,an amount equal to one year 's prin-
<br /> cipal and interest amortization payment or paymenta on any sueh obli�ation,payable in
<br /> quarterly instal.lment8 in the same manner ag the rent specified in paragraph 3 hereof.When
<br /> any sin�le pa��ment rnortgage obli�ation on which interest oniy is scheduled in paragraph 7
<br /> of this lease is paid in Pull during the term of this lease,and upon the Purnishing of
<br /> evidenee satisfactory to the Government o2' tYie discharge of reeord �Gh�reof, the Government
<br /> shall pay as additional annual rent to the Lesaor, ef.fective as of '�he next succeeding date
<br /> �'or payment of any inatallment oP rent hereunder,an amount ea,ual to the annual amount
<br /> reserved by the Government �o pay such interest on such obligation,and such addition annual
<br /> rent shall be payable in quarterly ins�allments to the same manner as '�he rent apecified
<br /> in paragraph 3,hereof.The Lessor covenants and agrees not to permit,place, or cause to be
<br /> placed any mortgage, deed o�' trust,lien or eneumbrance oY any kind on the Prer�i$es after
<br /> the execution of this lea�e without the prior consent of the Government.
<br /> �.The Gavernment does no� undertake to Purnish any lnsurance of any nature wllatsoever on
<br /> the Prem3.ses f'or the benefit of ttie Lesgor or to pay any premiums therefor. I%,how�ver,
<br /> the poasesaion and use oP the Premises by the Government is ,jeop�rdized by the failure o�'
<br /> the Tsssor to protect the Premiaes by adequate insurance, or to protect the interesta of
<br /> . any par�G� havir�g a mor�gage or otlZer lien upon or interes� in the Premises, the Government
<br /> may furnigh or pay Por sueh insurance as it may determine to be neceasary, in which event
<br /> the nremium or premiums paid by the Governmen'G ghall be deducted f rom the stipulated net
<br /> rental payable hereunder to the LeGsor.In the event oP loss, tlie Governmen'G ahall have t11e
<br /> ri�;ht,at its option, to apply any �nsurance proceed.g available to the Lessor or to tlle
<br /> Government Por the purpo5e oP rebuilding, restoring, or repairing '�he Prer�ises.
<br /> 9 .Tfie Governm�nt, during the term of this lease, shall take good care of the Premises,and
<br /> m ay make any and all repairs,bo'�h 3.nterior and exterior,necessary to keep the P remises
<br /> ° in good order, co�dition,and repair,without the consent or approval of the Lessor.Upon '�t1e
<br /> surrender of the Prernises by the Government, it 8ha11 redecorate and/or repaint �Y1e vacant
<br /> °por�ion o�' the interior thereof.
<br /> 1 0.�'henever tYle whole of said prem��_ses or any essential part thereoP shall be destroyed
<br /> by any cause evhatsoever, the Governmen'� has the rigl�t and privilege '�o rebuild, restore, or
<br /> repair said Premises or �lect '�o termina'�e the lease. In tlie event of el�ction to terminate
<br /> this lease, the Government �hall give notice in writing oP intention to terminate to the
<br /> L essor w�thin six'�y ( 60) days after such destruetion, in whole or in any essential part,
<br /> and the ins�allment; of rent payable �or tl�ie period during wllich the termination occurs
<br /> shall be prorated.
<br /> 11.The Government may terminate tlii� lease at any time during the term triereof by giving
<br /> to the Le�sor thirty ( j0) c�a�r;� ' written notic� of' sueh intention to terminate.In the
<br /> event o�' .sucri termination, the installment of rent payable for the period during which the
<br /> termination occurs shall be prorated.
<br /> 12.The Government may assign or sublet a31 or any part of the Premises to t�nants, occupants,
<br /> or other persons whom it may select,and suah assignees or subl.essees ahall have such of
<br /> the rig�zts granted to the Government under th3.s lease as the Goverrunent may grant to such
<br /> � assignees or sublessees.
<br /> 13.The Lessor ma.y put up �'For Rent'� signa fiY'teen ( 15) days prior to the termination by
<br /> the Government o� its tenan�y.
<br /> 14.The Lessor with t�le inten�ion that the Government shall rely tliereon and �or the pur-
<br /> pose of inducing t11e Government to enter into this lease represents, states, covenants,and
<br /> w arrants that he ( she) ( it) ( they) has/have a right ta enter into this lease and has/have
<br /> a good and marl�etable tit:Le to the Prer��ises as fo].lows: �
<br /> Fee Simple T1S1e in �Tae F.Meyer
<br /> Sub,ject only to the Pollowing: '�'
<br /> None
<br /> 15.A1_1 notices provided f'or by this lease may be given by regular mail addressed to the
<br /> Lessor at_ _ _ _ 716 West Koenig, Grand Island,NebrasYa, or to the Government with prepaid
<br /> posta�e addreased to THE UATT�E� STATEB OF A�QERSCA '..- NATIOi�TAL HOUSING AGENCY at, c/o H. 0.
<br /> L.C. ,W.O.W.Building, Omaha,Nebraska sub,�ect to t}zA right of either the Lessor or tlie
<br /> ntc mutb
<br /> Government to des�gnate by notice in writin�; a ne�r addreas �o wh3.ch said o i es s e
<br /> s ent.
<br /> 16.The Lessor expressly covenan�s and agrees to deliver possession o�' the Premises to the
<br /> Government free of oecupancy by any tenant or any otlzer person on or be�'ore the first
<br /> ` day o� the term of this lease.
<br /> 17.This lease ahal.l be binding upon the Lessor,kiis (her) ( its) ( their) heirs, executors,
<br /> acitninist-rators, grantees, successors,and assigns.
<br />
|