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AND WHEREAS, the said Lessee does desire in connection with its business as a public warehouseman to lease the premises above described. NOW THEREFORE, in consideration of the mutual covenants -and agreements herein contained, the parties hereto covenant and agree as follows: 1. The Lessor hereby leases to the Lessee all of its right, title and interest in the above described prem- ises for a period beginning 17 October 1956 and terminating 16 October 1960 • It being under- stood however that the term of this lease shall be automatically extended for additional u year periods thereafter, unless terminated as hereinafter set forth. 2. The Lessee hereby hires and takes said premises from the Lessor for the period above set forth, and agrees to pay as rental therefor the sum of One Dollar ($1.00) and other good and valuable considera- tion, the receipt of which is hereby acknowledged by the Lessor. 3. The Lessee, its agents, servants, and employees, shall have the right of free ingress to and egress from said leased premises, through or over any other premises of the Lessor. Lessee shall also have the right to place and maintain its signs in and upon said premises, and on the property stored therein, to adver- tise to and serve as notice to the public that said leased premises shall be operated as a warehouse during the period of this lease. The Lessee shall also have the right to the free use of all of the Lessor's facilities for handling, storing, weighing, preserving, packing and shipping the property stored therein. The Lessee is to have sole custody and control of the leased premises and shall have the right, as a public warehouseman, to receive into storage on the leased premises goods, wares, and merchandise and issue its warehouse receipts therefor. It is expressly understood and agreed that the Lessor shall not have access to the leased premises without the permission of the Lessee, or its Agent, and the Lessor shall exercise no control of any kind or nature whatsoever over property on which warehouse receipts have been issued. 4. The Lessor warrants said premises to be suitable for the purpose for which they are intended to be used, and agrees, at its own expense, to keep said leased premises and all apparatus installed therein in constant good repair and order, and to maintain the premises at a proper temperature to protect and pre- serve the goods stored therein; and to protect, indemnify, and hold harmless the Lessee against all claims for loss or damage of any kind or nature to the goods stored therein, or thereon, which may occur or take place through the failure of the Lessor to maintain such repairs, order and proper temperature, or from any other cause whatsoever. ' 5. The Lessor agrees to furnish adequate lighting for the leased premises and to pay for all heat, light, power, water, steam, or other utility supplied to the premises during the period of the lease. Lessor fur- ther agrees to pay all taxes or assessments that have been or may be hereafter levied against said premises. 6. This lease may be terminated by either party by giving a thirty (30) day written notice to this effect to the other party. However, it is expressly agreed that in case the Lessee shall have issued and there be outstanding warehouse receipts on any goods stored in the leased premises, under no circumstances shall this lease be terminated until all such warehouse receipts have been surrendered to the Lessee for cancel- lation, and until Lessor shall have paid Lessee all charges and advances due or owing said Lessee by said Lessor. 7. The Lessor agrees to protect, indemnify and hold harmless the Lessee from all claims and demands of every person or persons whatsoever, either for injury or damage or claims thereof, to person or to prop- erty, upon account of anything whatsoever occurring in or about the leased premises or arising out of the use and occupancy thereof by the Lessee.