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<br /> I�IISCELLANEOUS RECORD W
<br /> .99283�7NEAUGUSTINECO.GRANDISLANO.NEBR. .
<br /> �LEASE �
<br /> THIS LF.ASE made this 14th day of November, 1951, by and between Dr. W. ,I. Arrasmith of 2020 West
<br /> Charles Street, Grand Island, Nebraska hereinafter called �fLessor«, (Whether one or more persons) and
<br /> SOCONY.-VACtiU:�i OIL COMPAIVY, Incorporated, a New York corporation, having offices at 925 Grand Avenue,
<br /> Kansas City, Missouri, as lessee, hereinafter called ►�Socony.�t
<br /> WITA'F,SSETH THAT:
<br /> 1. Lessor hereby leases to Socony for a term of 'fen (10) years, beginning on the ---- day of ----
<br />' '19--, and ending on the ----- day of --------, 19----, the parcel of land situated at -------, in Grand
<br /> Island, County of Hall; State of I�Tebraska, more particularly descri.bed as follaws, to wit : �
<br /> East one-half Lot Seven (7) and all o#' Lot Eight (8) in Block Sixty-Two (62) Original Town, no�r �ity
<br /> of Grand Island, Nebraska.
<br /> Said improvements to be constructed as per plans and specifications furnished by Socony-Vacuum Oil
<br /> Company, Incorporated; Cost to be $18,750.00 as per Contractor�s official bid.
<br /> together with all appurtenances thereto, and all improvements and equipment thereon, as evidenced by F.XHIBIT
<br /> ,rArr� attached hereto and made a part hereof, all of which are hereinafter referred to as '�Premises," but
<br /> excluding any equipment or other property belonging to Socony. In case of variance between the above '
<br /> description and the premises actually used under this lease, said premises so actually used shall be deemed
<br /> eto be included herein. �
<br /> �la. Lessor agrees to remove existing dwelling as soon as reasonably possib�e. �
<br /> 2. Socony shall pay rent for the leased premises at the rate ofThree Hundred Sixty—'I�o £� 50�100 Dollars �
<br /> ($362.50) per month, in cash or by check to the order of Dr. W. 1. Arrasmith, in advance on or before the
<br /> 'lst day of each month during the term hereof.
<br /> Rent shall start upon completion of improvements for occupancy.
<br /> Rent for first month of occupancy shall be $200.00 ) Balance of term to � _
<br /> Rent for second month of occupancy shall be $250.00 ) be $3F2.50 per
<br /> Rent for third month of occupancy shall he $300.00 ) month.
<br /> � .
<br /> 3. Lessor agrees to pay all general and special ta�ces that may be levied and assessed against the premises
<br /> hereby leased, and to keep said premises at all times in good repair. Socony agrees to pay all ta�ces levied
<br /> . and assessed against the property belonging to Socony upon said premises.
<br /> 4. Socony ma,y erect and install in and upon said premises such buildings, equipment, appliances, f ixtures c.�
<br /> and advertising as it may desire, and ma.y paint said premises in colors of its sel:ection; and all such buildings, �W
<br /> equipment, appliances, fixtures, and advertising shall be and remai.n the property of Socony, and m�.y be �
<br /> removed therefrozn by Socony at any time during the tenure of this lease or any extension hereof, and within �
<br /> thirty days after its termination, and Socony may enter said premi.ses for the purpose of such removal.
<br /> ,
<br /> 5. Socony is hereby given the privilege of exter�ding this lease from xxxxx for a further and additional �
<br /> period of Five (5) years from the,dar,e of its expiration upon the same terms and conditions herein specified, c�
<br /> 'provided Socony shall give Lessor written not�ce;of its election to e.xercise this op�ion of extension at I
<br /> least thirty days priar to the expiration of this lease or any extension hereof.
<br /> 6.
<br /> 7. Socony agrees that, a t the termination of th is le ase, it will return to Lessor the premises hereby
<br /> leased in as good condition as when received, ordin�ry wear and tear and damage occurring through no fault ��
<br /> of Socony excepted.
<br /> � 8. .Zt is mutually agreed that in the event the Zeased premises shall be destroyed or rendered unfit for
<br /> �occupany By fire, storm or other casualty beyond Soconyts control, the rents hereunder shall abate until such
<br /> �time as said leased premises shall have been restored to a satisfactory condition for occupancy, at Lessor�s
<br /> '+cost and expense, which restoration Lessor agrees to perform forthwith after such casualty. If Lessor fails
<br /> �to make such restoration within a reasonable time after such casualty, Socony shall have the right, at its
<br /> electian, �o either (a) make the necessary repairs and/or restoration and withold rents hereunder until
<br /> Socony shall have been repaid for the cost thereof, plus interest at the rate of six per cent per annum, or
<br /> a(b) declare this lease terminated without further liability to Socong. Socony sha11 have the right to with—
<br /> hold any rents hereunder to the amount of any indebtedness which Lessor m,ight owe to Socony, and apply such
<br /> �ithheld rents to the payment of such indebtedness.
<br /> 9.
<br /> , 10. In the event the use of said leased premises as a gasoline filling and automobile service stat•ion be
<br /> �rohibited by any lawful authority, or if any part thereof shall be taken by legal condemnation, this lease
<br /> May, at the election of Socony, be terminated and the liability of Socony hereunder shall thereafter be at
<br /> �,n end,
<br /> 11. Th� �ease shall inure to the benefit of and be binding upon t he heirs, executors, administrators,
<br /> assigns, and successors of the parties named herein.
<br /> , II�T WTThESS WHEREOF the parties hereto have executed this lease in triplicate as of the day and year first
<br /> above written.
<br /> Witness to Lessor Signature
<br /> L. G. Shehein W. ,j. Arrasmith
<br /> f1Lessorft y
<br /> Witness to Socony Signature,
<br /> ,-___� SOCONY VACUUM O�L �MPAI�Y, Incorporated
<br /> G, F, Chickrel
<br /> � - ----•- tiy H. K. Bowers
<br /> _ �.�.. _
<br /> " Attorney—in—fact "Soconp'r
<br /> EXH Iii IT rtArr
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