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<br /> AND WHEREAS, the said Lessee does desire in connection with its business as a public warehouseman
<br /> to lease the premises above described.
<br /> NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained, the
<br /> parties hereto covenant and agree as follows:
<br /> 1. The Lessor hereby leases to the Lessee all of its right,title and interest in the above described prem-
<br /> ises for a period beginning Febr. 3, 1954 and terminating Feb. 2, 1958 . It being under-
<br /> stood however that the term of this lease shall be automatically extended for additional 4 year
<br /> periods thereafter, unless terminated as hereinafter set forth.
<br /> 2. The Lessee hereby hires and takes said premises from the Lessor for the period above set forth,
<br /> and agrees to pay as rental therefor the sum of One Dollar ($1.00) and other good and valuable considera-
<br /> tion, the receipt of which is hereby acknowledged by the Lessor.
<br /> 3. The Lessee, its agents, servants, and employees, shall have the right of free ingress to and egress
<br /> from said leased premises, through or over any other premises of the Lessor. Lessee shall also have the
<br /> right to place and maintain its signs in and upon said premises,and on the property stored therein,to adver-
<br /> tise to and serve as notice to the public that said leased premises shall be operated as a warehouse during
<br /> the period of this lease. The Lessee shall also have the right to the free use of all of the Lessor's facilities
<br /> for handling, storing, weighing, preserving, packing and shipping the property stored therein. The Lessee is
<br /> to have sole custody and control of the leased premises and shall have the right, as a public warehouseman,
<br /> to receive into storage on the leased premises goods, wares, and merchandise and issue its warehouse
<br /> receipts therefor. It is expressly understood and agreed that the Lessor shall not have access to the leased
<br /> premises without the permission of the Lessee, or its Agent,and the Lessor shall exercise no control of any
<br /> kind or nature whatsoever over property on which warehouse receipts have been issued.
<br /> 4. The.Lessor warrants said premises to be suitable for the purpose for which they are intended to be
<br /> used, and agrees, at its own expense, to keep said leased premises and all apparatus installed therein in
<br /> constant good repair and order, and to maintain the premises at a proper temperature to protect and pre-
<br /> serve the goods stored therein; and to protect, indemnify, and hold-harmless-the Lessee against all claims
<br /> for loss or damage of any kind or nature to the goods stored therein, or thereon, which may occur or take
<br /> place through the failure of the Lessor to maintain such repairs, order and proper temperature, or from
<br /> any other cause whatsoever.
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<br /> 5. The Lessor agrees to furnish adequate lighting for the leased premises and to pay for all heat,light,
<br /> power, water, steam, or other utility supplied to the premises during the period of the lease. Lessor fur-
<br /> ther agrees to pay all taxes or assessments that have been or may be hereafter levied against said premises.
<br /> 6. This lease may be terminated by either party by giving a thirty (30) day written notice to this effect
<br /> to the other party. However, it is expressly agreed that in case the Lessee shall have issued and there be`
<br /> outstanding warehouse receipts on any-goods stored in the leased premises, under no circumstances shall- + .
<br /> this lease be terminated until all such warehouse receipts have been surrendered to the,Lessee for cancel-
<br /> lation,and until Lessor shall have paid Lessee all charges and advances due or owing said Lessee by said
<br /> Lessor.
<br /> 7. The Lessor agrees to protect,indemnify and hold harmless the Lessee from all claims and demands of
<br /> every person or persons whatsoever, either for injury or damage or claims thereof, to person or to prop-
<br /> erty, upon account of anything whatsoever occurring in or about the leased premises or arising out of the
<br /> use and occupancy thereof by the Lessee. - -
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