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��� RECORD V
<br /> I�II�CEI�L��,NEOUS
<br /> 290E8—TN[11U60fTINECO.GR11ND15L11MD,NEeR. � � � � � . '�,
<br /> II. A tota7. of not more than 3 successive periods of' one year each.
<br /> Tn.e rer�tal to i�e p�.id �y the Lessee �:�uring sa3.d extension period or periods sha3l �e a
<br /> sum'O�"-��tnree quarters cen�� (3/�,d,} per �;a�.1on on a.l.� gasoline (as defined in paragrapn 2)
<br /> delivered to sucn service s�ation for sa1e.
<br /> Tne Lessee snal� �ive ta tne Lessor written notice of its intention to exercise its
<br /> ex'�ension pr3.v3.3ege a� 1e�.s� tnir'C;� (30) days�?rior t� t�e expir�,�;ion of tne original
<br /> term liereof, anci. if sa.id extension pr3.vilege is for successive periods of one year each
<br /> as -�rovidea iri C�ause II of this Faragrapri b, tne Lessee s1�a1I g�.ve to the Lessor a like
<br /> Vrrit��e�i no��ice at leas� thir�y (30) days prior to the expiration o�' tne �hen current
<br /> yearly perio�., of i�s inteni,ion to extend. this leas� for and during the next sueceeding
<br /> �yearly ��eriod. �T'ime and marrr�er of making rental pavmen�s during any sucn extension
<br /> sna11 be tr.e sa.me as �rovided for during the ori�;in�.:1 tern l�ereof.
<br /> `l. If' °�ri� Lessor or tne Lessor� s suceessors or a5si�ns at any time during t�ie
<br /> �erm of tnis lease or any renet�sa.l. or e��ension tnereof receives a b�na fide offer to
<br /> purcriase said prer:l�s�s, r�uildin�s, fixture�, equipm�nt, macninery and applianc�s included
<br /> in tt�is le�.se, �and desires tc� sell saic� �r�mises, buildin�s, fix�ures, equipmen�;,
<br /> macninery �,nc7 a,�u�liances under tne terms of said offer, Lessor agrees to give Lessee
<br /> tni.r�y (30) days' ��ocice in wri�irig of. suer7 bo:ia fi�e offer set�ing fortn the name and
<br /> adcxreas of' tne �;roposed x�urci�aser. t,�no has m�.cie the affer, tne amount of the proposed
<br /> y�urcnase �r�ri�e anc� tile terms of ��ayment �hereot'. '1'�e Lessee �nall have tne f lrs'C option
<br /> �to x�urcr�ase �n.e demised -:�remises witnin ttle a;�ove-men�ioned thir• ty-day period at �he same
<br /> price anc� on �tne same terrns of' �a.n;r sucn proposa.l. In tne event tnati t'r3e Lessee does not
<br /> exerci5e its ontion �o nurc!Zase t�e demised ��remises �ri�nin the a,f'oresaicl period, triis
<br /> lease and all of' its terms and coriditi�ns sn��:tl never�neless remairi in fuil force and
<br /> eft'ec1; and tne Lessor or aiiy �urctlaser or �urcriasers of tne demised �remises snall be
<br /> �aounci �ctiereu�ti� and ir� the eve�li; thai. said ;�rer�iaes are for any reason not sold pursuant
<br /> I �o tre k�ona fida offer set for�n in �ne nociee, �ne Lessee sn�.l1. have, upon the same
<br /> coriditions of' no�i;ice, tne con�inuing first op'tiori 1�a purenase tne �aid pr�mises upon tne
<br /> �;erms of any suasequen� bona fide offer or off ers �o ��uretlase.
<br /> �3. I� is mutually �.greed tn�z� if' the leasea premises are damaged by fire, storm,
<br /> or from ar�y o�rler cause, suci� da,mage sna11 be repaired by tne Lessor fort�i�rritn af ter the
<br /> same occurs, and if tine exten�G of atly sucn da.�nage is suen as to render said prem�.ses
<br /> un�tenan�ar�l.e, tne o�ligatiori of the Lessee to pay- ren�al sriall cease until tne Lesaor
<br /> s1�a11 have replaced said premises iri a �enan�;a�le condi'Cion.
<br /> 9. It is furtner �autually agreed tnat tne Leasor sha11 pay �11 �Gaxes and assessments
<br />' tn.at may be levied a�ains'� ti�e above descri�ed premises and t�2e buildin�; and equ�.pment
<br /> I qelonging �o tne Lessor tn�reon, and th� Lesse� sha�.l ��ay a1I. taxes �hat may be levied
<br /> or assessed a�ainst �he equipmeri�c oti,rned �y tne Lessee ther�on.
<br /> 10. If, in t�.e sole �udgr�ent of the Leasee, it appears likely tha.t Lessee or any of
<br /> its assi�nees or sub-lessees may be obliged to pay any 13.cense, �rivil,�e or excise tax
<br /> because of its or �heir interest in or use of the ��remises hereb;r 1e�,sed, Lessee may
<br /> terminate tn.is lease or any renetral or ex�ension thereof by giving Lessor thirty days'
<br /> T�rr3.tten notice of 3.ts intention �o to do.
<br /> 11. Lessor agrees that Lessee may assign this lease or sublet the premises and
<br /> �quipment herein descri�bed �u,rithout consent of Lessor, and that Lessee, �r its asgignee
<br /> or sublessee, sha.l.l have the privilege of usin� said premises for the purpose of operating
<br /> thereon a gasoline service station, and f or the sale of tires, tubes, batteries and
<br /> automobile accessories, and an;� other inciden�al commereial. activ3.ty, an�. that said
<br /> Lessee, its assignee or suble�sEe, sha1� likej�r3.se hav� t:ne privilege of erecting on said
<br /> prercises sucn. �ui�d3.ngs, dr�.ved:*ays, and other im�rovements as may 'be necessary or desiraiil.e
<br /> for the af oresaid purposes, and in case Lessee, its assi�;nee or sublessee, sha11 be unable
<br /> to obtain from municipai. or other pu�lic authorities, any x�ermit or licenge necessary f or
<br /> the opera�ion of a gasoline service station upon said premises, or in case any sueh
<br /> permit or license, if or�tained, be afterti,rard revoked without Fault of the one so obtain�.ng
<br /> it, or if the use of said premi.ses f or any of the �urposes stated above be res'�rained or
<br /> en�oined b� �judicial process, tnen and in such ev�nt or any thereof Lessee shall hav�
<br /> �he right to eancel this lease by giving Lessor at least ten (10) days' notiee of its
<br /> intent3on so �.o do.
<br /> .
<br /> 12. In t�ze event the Lessee shall hold over beyond tne ex�iration of the term herein
<br /> provided or any renewal or extension �h�reof, it is expresaly understood and agreed that
<br /> an such hold-over tenancr gna11 be a month tc month t�nane � anl and eit��r the Lessor
<br /> �
<br /> Y � Y,
<br /> or the Lessee may terrninatE �uch tenancy at any time by givin�; the other party �hirty
<br /> (30) days written notice of its intention to do so.
<br /> 13. It is further unders�ood and agreed that al1 no�ices given under this lease sha.11
<br /> E�e deemed to be properly served if deliv�red in t,rriting peraonally, or sen� �y registered
<br /> F inail to th� Lessor at tne address n�rein s�iown, or to the Lessee at 3.ts main off3.c� in
<br /> I Cnicago, I1linois. D�,Lte of service of t.ne notice served by mail shall b� the date on
<br /> wniciz such inotice is deposited in a post office of the United S�ates Post Offiee
<br /> Department.
<br /> Ii� WITNESS �+TxEREOF, the said Lessor. . . . .n.a. . . . . . .hereunto se'G. . . . . . . .hand. . . . . .and
<br /> seal. . . . . . . , and the said Lessee has eaused tnis in5trumen� to be exeeuted the day and
<br /> year first above �Tritten.
<br /> Gerald R9ek (SEAL)
<br /> - �
<br /> Agne s Rock ( SE.AL)
<br /> In Presence of t
<br /> W. G . Peterson �
<br /> STATJDAR.D OIL COMPANY
<br /> t�y J. H. Hay
<br /> Mana�er '
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