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<br />C O N T R A C T A N D A G R E E M E N T
<br />THIS AGREEMENT made and entered into this 26 day of A-pr it , 19._60 ,
<br />by and between Rudolph N. Kuester and Frances Kuester, his wife, of Grand Island,
<br />Nebraska, as Lessors, andEdward E. Bilon & Christine H. Bilon,as Joint Tenants,
<br />of Grand Island, Nebraska, as Lessee, hereinafter referred to as Lessee, WITNESSETH:
<br />That for and in consideration of the covenants and agreements as hereinafter
<br />set forth, the parties hereto agree as follows-
<br />WHEREAS, this indenture evidences the grants, covenants and agreements now
<br />made by and between the parties with reference to the following described premises,
<br />to -wit:
<br />The East Half of the Southwest Quarter (E2SW ) of Section
<br />Thirteen (13) in Township Eleven (11) North, Range Nine (9),
<br />West of the 6th P.M., in Hall County, Nebraska,
<br />on which is located a lake and in connection with which certain lots abbutting the
<br />same have been marked off and identified by certain stakes and are of various lake-
<br />front footage, and which lots are identified by numbers both marked upon the stakes
<br />indicating the location and upon the chart in the possession of Lessors or some of
<br />them, and to which lots access is gained from the public highway running along the
<br />South side of said Section Thirteen (13) by roadways constructed and maintained by
<br />Lessors running along the rear of such lots; and
<br />WHEREAS, Lessee now occupies under lease with said Lessors Lot No, 11, having
<br />a lake -front footage of 100 feet situated on the East side of "Test
<br />portion of said lake above mentioned;
<br />NOW, THEREFORE, in consideration of the premises and the rental hereinafter
<br />provided the Lessors have leased unto Lessee and Lessee leases from the Lessors
<br />commencing_ JUlV 3 ,19_6Q, and terminating on the 30 day of June .20 0 ,
<br />M)%_, it being understood by all parties that effective July 1 , 1961
<br />this agreement supersedes and terminates any and all leases now in effect between
<br />the parties hereto with reference to the above described premises heretofore in
<br />effect between the parties hereto;
<br />Lessee hereby agrees to pay as rental for said above described leased premises
<br />the sum of Seventy -f ive cents per lake -front foot annually, or a total of
<br />7 5.0 0 per year, in advance on the first day of July of each year, commencing
<br />Jul y 1 , 1960 , which rental shall continue for a period of five
<br />years from ly 1 , 1960, and to be paid at such place or places from
<br />time to time as designated by the Lessors;
<br />Thereafter, a reasonable rental shall be agreed upon between Lessee and Lessors
<br />for the next succeeding five years and likewise such rental adjustment shall
<br />occur at five -year intervals for five year periods during the said term
<br />of this lease; said rentals for each of such successive five -year periods to
<br />be a reasonable rental under the then existing conditions and circumstances. As a
<br />further consideration for the leasing aforesaid, the Lessee further covenants, pro-
<br />mises and agrees to bear, pay and discharge, in addition to the said rents reserved,
<br />all taxes, rates, assessments and levies, general and special, ordinary and extra-
<br />ordinary, of every name, nature and kind whatsoever including water rates which may
<br />be taxed, charged, assessed, levied or imposed on the real property herein leased
<br />and all which may be assessed, levied or imposed upon the leasehold.estate hereby
<br />created, and upon the reversionary estate of said premises during the term hereby
<br />granted, and so long thereafter as said Lessee, successors and assigns, heirs or
<br />devisees shall occupy said demised- premises, in excess of the amount of 19 60
<br />real property taxes levied and assessed upon said Lot No. 11 , unless it is
<br />specifically provided that such excess in taxes is included in any rental as fixed
<br />for any of the succeeding live year periods; it being the understanding that
<br />the Lessors, or their heirs or devisees or assigns, shall at no time during the
<br />term of this lease pay any amount for taxes of any kind upon the real property
<br />herein leased in excess of the dollars amount of the 19-20—real property taxes
<br />thereon, except where in writing stipulated as having been included in any adjust-
<br />ment in rentals. In arriving at such additional real property taxes on said lot,
<br />the same shall be computed on the basis of a fair, pro-rata share of the total
<br />increase that said lot bears in area to the entire tract included in such taxed
<br />unit.
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