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Page Q. <br />ARTICLE II. <br />T E R M : <br />TO HAVE AND TO HOLD The above rented and leased real <br />estate and property (hereinafter referred to collectively as <br />"premises "), and all rights, privileges, and appurtenances there- <br />unto belonging, together with all governmental permits and li- <br />censes (if legally transferable), unto Lessee for and during the <br />term of TEN 10) YEARS (unless sooner terminated as hereinafter <br />provided) to commence upon completion of improvements to be made and <br />constructed by Lessor on the demised premix s the surrender of said <br />premises by Lessor to Lessee and the remova From the premises by Lessor <br />of all of Lessor's property thereon not covered by this lease. <br />ARTICLE III. <br />R E ,N T A L: <br />Lessee shall yield and pay as rental for said premises <br />for and during the term the sum of TWO HUNDRED TWENTY -FIVE AND N01100 <br />( $225.00) DOLLARS PER MONTH. Said rental shall be payable monthly <br />in advance on or before the fifteenth day of each month. <br />Rentals shall be paid on a calendar month basis unless <br />otherwise specified. If the term of this lease does not begin <br />on the first day of any month, Lessee shall pay the rental for <br />the fractional part of a month on a pro rata basis. All rentals <br />shall be payable in lawful money of the United States of America <br />and, unless and until otherwise directed in writing by Lessor, <br />may be paid by Lessee's check, draft or voucher, payable to the <br />order of the Lessor W. Jack Smith and Dorathy R. Smith , and <br />mailed to said designated Lessor at Lessors address above shown <br />or to such other address as the Lessor to whom said rent is to <br />be paid may from time to time hereafter designate in writing. <br />If at any time during the term hereof Lessor, or, if <br />there be more than one, any Lessor, shall be indebted to Lessee <br />on any account, whatsoever, it is agreed that Lessee shall have <br />the right to apply any accruing rental on said unpaid indebted- <br />ness, and that any amount so applied shall constitute rental <br />payment hereunder. <br />R <br />