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<br />121 —CITY LEASE The Huffnjd n eneral Supply House, Lincoln, Nehr.
<br />CX
<br />This- Agreement, Made and entered into' this day of A. D. i9 S^
<br />by and between John H. Aye ;
<br />of the County of Hall and State of Nebraska of the first part; and
<br />.Earl Grimminger of the second part;
<br />III WITNESSETH, That the said part y. of the first part. has this day leased unto the part y of the second
<br />part the following described premises, to -wit. Approximately :3 acres located at 2100 East
<br />i 7th .Street., just outside the City Limitsl-f the City. of Grand Island,
<br />Nebraska., laid property now being occupied as theAye4:;Packing Company,
<br />G 1pgrlly .de.scribed as follow s:. Commencing at a point 108 ft. East of NW coi
<br />[er of SV4, Sec. 11, Town. 11, N. R. 9, Hall County, Nebr. on the North line o:
<br />said &., thence South 318 ft., thence East at right angles 292 ft, thence
<br />North at right angles 318 ft., thence West 292 ft. to the place of beginnii
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<br />Together with all buildings and improvements on the same for the term of one Year from
<br />the 1 s t day of March 19 54, to the 1 st day of 2dar eh 1955 , for the sum of
<br />Six Hundred Dollars per year, said sum being payable 150.00 each and ever
<br />three months during the term of this lease, payable in advance toXKi3'
<br />j the Party of the First Part
<br />AND IT IS FURTHER AGREED, That if any rent shall be due and unpaid or if default be made in any of I
<br />the covenants herein contained, it shall then be lawful for any of the said part y of the first part to re -enter the
<br />said premises, and the part y of the second part agree s to vacate said premises without notice, and if it f
<br />becomes necessary to bring action at law to recover possession, to pay a reasonable attorney's fee therefor.
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<br />Se c^,nd party is hereb -, ,iven the option to rer_ev and, extend this lease on
<br />the basis of one ye=ar at a tune, for a Deriod of 5 year:-. from a.nc, after
<br />=.rch 1, 1955, sa.se conditions provided 'herein.
<br />Second party is further given option to purchase the above described
<br />property at the Gum of .`:5,000.00, said option tobly being for 5 years with
<br />the ri,�-" t :-;f second party to extend the sGrne option to buy on the same
<br />terms and conditions as the option to re—lease the said proper -ty for 5—
<br />one ve,ar term.
<br />Second ,,_.rty must ?"'ivy first ;o =.rty j c'_eys notice prior to the terrainption
<br />of ea.cil yearly tern o`_' his intention to exercise sa.i<I- option anC_ his ri.�ht
<br />to ive 3:i ;.ys
<br />notice to first p rt-= of his intention to exercise, ^F_:id
<br />option to purchase the iro-oe.- ty. In the event th ^.t se cony_ nart�- desires
<br />to exercise his o-otion to purchase the above described prone ^4- at the mm
<br />Of 5,000.00, 50`: of tle amount pair_ hereunder as ent for s.-.-,id, nrcmises
<br />^nnly on the purchase price, balance of the -urchase -_price to be
<br />p .id- ,a,s ,r. -reed between the , ^.artier at said time ► in cash or mortgage on?�ronertI.
<br />='irGt mart r rgrees to _ ut 9.1.1 edIuipment and buildings in
<br />; good s
<br />tate of
<br />re -oair t'rne comzenc'n o s .id lease and second to
<br />yen G -, -ic' Fauipment and b,iilCings in a ;ood state. of repair, rea.sona,ble
<br />v_ ^e- ana- T•are excepted. -
<br />it is farther greed th�_t second; party have the right to remove any i.m-
<br />nrod , Gents "_e has placed. thereon -,pit hol.I.t damage to the reality P.nd. it is
<br />^wed should_ ^.ny chattel be removed, second -o.a,rty will rewto.re the -pre-
<br />mises to a cnnd.i Lion as they t;ere prior to the removal of the chattel..
<br />It is f lrther a�--re,-d_ that first part; shall keel t>.17. build-incs on the. LD
<br />oremiaes aderu_a.tely insured, second party shall insure ,11 chattEll
<br />^ronerty ?.nd'_ stocii.
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