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L E A S E
<br />THIS LEASE, made and executed this 31st day of December, 1956,
<br />between THE GRAND ISLAND BUILDING COMPANY, a corporation, Lessor,
<br />and STAUFFER PUBLICATIONS, INCORPORATED, a corporation, Lessee,
<br />WITNESSETH THAT:
<br />Lessor hereby leases to Lessee, and Lessee hereby leases from
<br />Lessor, the following described premises, hereinafter referred,to as
<br />"the premises ":
<br />All of Lots Five (5)� Six (6) and Seven (7), in
<br />Block Eighty -two (82 in the Original Town, now
<br />City, of Grand Island, Hall County, Nebraska,
<br />together with all buildings and fixtures thereon
<br />and appurtenances thereto, subject to all ease-
<br />ments, restrictions and''reservations of record,
<br />for a term of sixteen years and six months beginning on January 1,
<br />1957 and ending on June 30, 1973, for which Lessee agrees to
<br />Lessor as rental the sum of $3,136.96 per month, payable mont
<br />advance on the first day of each and every month during the t
<br />hereof at the leases premises or at such other place as Lesso
<br />from time to time designate in writing.
<br />It is also agreed, as follows, that:
<br />1. Possession and Condition of Premises: Subject to Le;,#
<br />ri`hts of entry hereinafter set forth, Lessee shall have excl
<br />possession of the premises from the beginnin-; of the term for'`
<br />duration thereof or until prior termination or default in accoj
<br />with this lease. Lessee has inspected and knows the condition`'
<br />premises and accepts them in their present condition.
<br />bay
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<br />2. Insurance: Lessee shall comply with all insurance regula-
<br />tions in order that the lowest fire, lightning, explosion, extended
<br />coverage ana liability insurance rates may be obtained, consistent
<br />Leith the use of the premises as a newspaper and printing plant, and
<br />nothing shall be done on or kept in or about the premises by Lessee
<br />to cause cancellation of any such insurance or an increase in the
<br />premium thereof over the rates as aforesaid.
<br />As a material consideration to this lease, Lessor agrees tc
<br />maintain at its own expense insurance coverage of at least $225,000
<br />against loss or damage to the premises from fire, lightning, explo-
<br />sion, providential means or other casualty or hazard within the ex-
<br />tended coverage endorsernelit, and to look solely to any such insurance
<br />for compensation on account of any such loss or damage, hereby- releas-
<br />ing Lessee from any and all liability therefor, whether or not caused
<br />in whole or in part by Lessee's negligence, any other provision here-
<br />of to the contrary notwithstanding.
<br />3. AssiEz:nin�_ or Subleasink,: Lessee shall not assiun, transfer
<br />or encumber this lease or any part thereof, without written consent
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