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<br /> LEASE.
<br /> THIS AGREEMENT made and entered into this , peday of April,
<br /> 1954, but effective as of the First day of May, 1954, by and between
<br /> the Union Stock Yards Company of Grand Island, a corporation, here-
<br /> inafter called the "Lessor" ana Floyd W. Wabel and Raymond 0. Wabel ,
<br /> hereinafter referred to as the "Lessee",
<br /> W I T N E S S E T H:
<br /> The Lessor does hereby demise, let and lease unto said Lessee
<br /> the following described premises situate in the City of Grand Island,
<br /> Hall County, Nebraska, more particularly described as follows, to-
<br /> wit:
<br /> Lot 3 in block 17 in baker' s Addition to the City of
<br /> Grand Island, Nebraska, except that part thereof hereto-
<br /> fore leased to the Standard oil Company, an Indiana
<br /> Corporation, and described as follows, to-wit : Commenc-
<br /> ing at a point 25 feet South of the Northwest corner of
<br /> Lot 3, thence. North 25 feet, thence East 25 feet, thence
<br /> Southwest to the point of beginning, granting-, however,
<br /> to the Lessee the right reserved by the Lessor herein
<br /> in such lease to the Standard Oil Company, an Indiana
<br /> Corp_ orati on, to use such excepted portion of Lot 3 for
<br /> ingress and egress to the portion of Lot 3 herein leased.
<br /> TO HAVE ND TO HOLD the same for the term of four (4) years
<br /> commencing on the 1st day of May, 1954, and ending on the 30th day
<br /> of April , 1958. The Lessee covenants and agrees to pay to the
<br /> Lessor an annual minimum rental of 61200.00, which minimum rental
<br /> shall be payable in equal monthly installments of >100.00 each, in
<br /> advance, on the 1st dap of each and every month nurino said term.
<br /> Such oayments to be delivered to the Lessor personally or by mail
<br /> at Grand Island, Nebraska.
<br /> In addition to the rental hereinbefore provided the Lessee
<br /> agrees to nay all taxes of every kind one nature levied and asses-
<br /> sed upon any improvements which the Lessee may place upon the
<br /> premises herein leased, and as additional rental for the said
<br /> premises, the Lessee agrees to nay to the Lessor on or before the
<br /> 1st '; ay of -;ay, of each year .urine the term of this lease, or any
<br /> extension thereof, an amount equai to the sum by which the real
<br /> estate taxes, which are due and payable during such year, exceed
<br /> the amount of .52, bei n, the amount of the real grope rty taxes
<br /> -high were levied and assessed on the real estate herein leased
<br /> for the year 1953.
<br /> It is mutually understood ane agreed by an_t between the parties
<br /> hereto that the Lessee is leasing the premises for the :purpose of
<br /> con :ucting a 'retail alcoholic beverage business on said premises,
<br /> and if such use shall be forbidden or prevented by legislation or
<br /> rec.11ation of Federal, State or local Government, or any agency
<br /> the reof, for a period of more than 90 days, then and in such event,
<br /> the Lessee shall have the richt to cancel this lease by iving the
<br /> Lessor 30 days notice thereof, in writing, of their intention so
<br /> to do.
<br /> It is further understoor_ and agreed that the Lessee is to erect
<br /> a bui 1 oi nc upon the nremises herein leased for the purpose of con-
<br /> ga ctinr the business upon such premises , and mermisSian is herebv
<br /> Granted to the Lessee to erect a bui lain°, driveway and other im-
<br /> nrovemen: s as may se necessary for their use upon the premises,
<br /> subiect to the limitation that before any contracts shall be let
<br /> or work commencee for the erection of such building that the Lessee
<br /> furnish to the Lessor competent , detailed plans and specifications
<br /> for said building, which plans ant specifications shall be approved
<br /> by toe Lessor, in writing, before the commencement of any work
<br /> thereon, ens further suhtect to the limitation that the Lessor must
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