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FLrm�528 -6. R. Rev. 6.55 y i�
<br />LEASE
<br />Tbi!5 lCa .5t, made this .......................!.. / ............day of...... ........................._41111 z.................................. ......... ........................._...., 195....`x'.., by and between
<br />,!
<br />/...�- ._......`'a...r z �r M,..7t......Pa.� [ R ............................. whose ad ss is.............. ..._wood....River.�....Nebraska
<br />�y ....................
<br />- - - -' A- q.:f -... r _ ✓. t; ...................... Lessor, and STANDARD OIL COMPANY, an Indiana Corporation,
<br />with its principal office at 910 South Michigan Avenue. Chicago, Illinois, Lessee:
<br />WITNESSETH:
<br />1. The Lessor hereby demises and leases to the Lessee, the following described premises situated in the City or Town of
<br />..................._ Wood ....Rive...................... 1 State of........... ..N.ebraska.................................................
<br />County of .........................? ......................... ...............................
<br />more particularly described as follows, to -wit:
<br />Lots Four and Five, Block Five, Clarks Addition to the Village of Wood River,
<br />Nebraska, consisting of service station and driveway only.
<br />If the premises are improved, this lease includes the buildings, fixtures, equipment, machinery and appliances owned or controlled by the
<br />Lessor and located on said premises.
<br />TO HAVE AND TO HOLD unto the Lessee for a term commencing on the.. ................. I ........................... l..S.t ..................... ............................ day
<br />of ....September ................. ............................... 195...b..... and ending on the ......._31st................day of...................... ....... 195.............
<br />August 7
<br />..................................... ...............................
<br />2. Lessee agrees to pay to the Lessor as rental for the above described premises, buildings, fixtures, equipment, machinery and
<br />appliances (if any be included), a sum equal to.......�'.T�1Y eeTOUT.'ih9.. cent.._......._ (......3f..........._4`) per gallon on all gasoline (not
<br />including naphthas, stove and lighting gasolines and like products not customarily used in motor vehicles) delivered to such service station
<br />for sale. Such rental shall be due and payable on or before the fifteenth day of �+f the succeeding calendar month. _
<br />All rental payments may be made by check payable an) delivered to.../7A....._ <.....Ce...Y c �t A4 . .....P�._.
<br />personally, or by mail, at.......... �h/ d_ a..... /1.1..if..1.:.�,......JY...p..b ................................ Unless otherwise designated herein, all rental
<br />payments may be made by check delivered to Lessor or mailed to Lessor at his address herein shown.
<br />3. In consideration of the foregoing, the Lessor hereby sets over and assigns unto the Lessee, with right of Lessee to reassign to
<br />others, all of Lessor's licenses, consents and permits to maintain and operate a gasoline service station on the above described premises;
<br />such assignment to be effective only during the term of this lease, and all renewals and extensions thereof.
<br />4. Lessee and any assignee or sub - lessee is expressly given the right at any time during the term of this lease or any extension
<br />thereof, and for a period of thirty (30) days after the termination of this lease, or any extension thereof, by lapse of time or otherwise,
<br />to enter upon and remove from said premises any improvements or equipment heretofore or hereafter purchased or placed by it or them
<br />upon the leased premises, but shall not be obliged to do so.
<br />5. Lessor will keep the building, driveways, the water pipes, drains and sewers appurtenant thereto and all of Lessor's equipment
<br />on the demised premises in good and sufficient condition and repair during the whole of the term hereof. The Lessee shall have the right
<br />to paint the entire building but shall not be obliged to do so.
<br />6. The Lessee shall have the option of extending this lease as hereinafter provided, upon the same terms and conditions which
<br />were in effect during the original term. The "period or periods of such extensions shall be in accordance with either one of the following
<br />two clauses, the inapplicable clause having been stricken before the execution of this lease:
<br />LT y."MXX W= M=W YYYYY'r,=.
<br />�9nerrzc.-- ar- rlCrcBr.
<br />II. A total of not more than .................... �.� ....- .................... .....................successive periods of one year each.
<br />The rental to be paid by the Lessee during said extension period or periods shall be a sum equal to.... Three —ri Q.' Ir .th.S.......cent ...............
<br />(......_A .......... 0) per gallon on all gasoline (as defined in paragraph 2) delivered to such service station for sale.
<br />The Lessee shall give to the Lessor written notice of its intention to exercise its extension privilege at least thirty (30) days prior
<br />to the expiration of the original term hereof, and if said extension privilege is for successive periods of one year each as provided in
<br />Clause II of this Paragraph 6, the Lessee shall give to the Lessor a like written notice at least thirty (30) days prior to the expiration of
<br />[lie then current yearly period, of its intention to extend this lease for and during the next succeeding yearly period. Time and manner
<br />of making rental payments during any such extension shall be the same as provided for during the original term hereof.
<br />7. Lessee shall have, and is hereby given, the option of purchasing said premises, buildings, fixtures, equipment, machinery and
<br />appliances included in this lease, for the sum of .............. ...................... .......... ................................. ...._DOLLARS
<br />5._ .........- _ .............), provided Lessee shall give Lessor notice in writing of its election to exercise said option of purchase at least sixty
<br />(60) clays prior-to the expiration of this lease, or at least sixty (60) days prior to the expiration of any extension period, if this lease
<br />be extended, it being understood that in no event may this option be exercised prior to- .. -3 9s %
<br />........................... ............................... .
<br />If any part of the demised premises shall be taken by right of eminent domain or by any co yance in lieu thereof or in connection
<br />therewith, the purchase price set forth herein, if the purchase option is exercised, shall be re aced in the same proportion that the area
<br />immediately prior to such taking is reduced by the taking. It is further understood that if the Lessor or the Lessor's heirs, executors,
<br />grantees, or assigns, or successors or assigns at any time during the term of this lease or any extension thereof, receives a bona fide offer
<br />to purchase said premises or any property which includes the premises, and said buildings, fixtures, equipment, machinery and appliances
<br />and desires to sell said premises, buildings, fixtures, equipment, machinery and appliances, or any part thereof under the terms of said offer,
<br />Lessor agrees to give Lessee sixty (60) days notice in writing of such bona fide offer, setting forth the name and address of the pro-
<br />posed purchaser who has made the offer, the amount of the proposed purchase price, and all other terms and conditions of such offer.
<br />and the Lessee shall have the first option to purchase the demised premises by giving written notice to the Lessor of its intention to
<br />purchase within said sixty (60) day period at the same price and on the same terms of any such proposal, it being understood that in
<br />the event Lessee does not give notice of its intention to exercise its option to purchase said premises within said period, this Lease and
<br />all of its terms and conditions shall nevertheless remain in full force and effect and the Lessor and any purchaser or purchasers of the
<br />demised premises shall be bound thereby, and in the event said premises are not sold for any reason pursuant to the bona fide offer set
<br />forth in the notice, the Lessee shall have, upon the same conditions of notice, the continuing first option to purchase the said premises
<br />upon the to is of any subsequet bona fide �((ff`` er qr offers to purchase.
<br />'�` (• G .......... \......, wife of Lessor, joins in these options of purchase and agrees, in the event of the
<br />e excise of either of said optim($ by Lessee, to join said Lessor in the execution of a proper deed of conveyance; and Lessor agrees that
<br />if either of said options is exercised, he will convey a merchantable title to said real estate by good and sufficient warranty deed, with
<br />release of dower, homestead and other rights of his wife, and free from all incumbrances whatsoever, and will furnish a merchantable
<br />abstract showing merchantable title of record to said land in said Lessor, free from all liens and incumbrances, brought down to the date
<br />of conveyance. The Lessee shall have a reasonable time after receipt of said abstract in which to complete an examination thereof, and
<br />if such examination discloses objections to the title, the Lessor shall have a reasonable time in which to cure such defects.
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