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<br /> �� r � �ee� e�.REEMENT 98.� ���r�rJ
<br /> �• 1998.between
<br /> This Iense is made aad ent�red into this�day of �� •
<br /> � ' LOCUST STRE�T L.L.C.,hereinaRerreferredto as"Lessor'.and IREI-ESS II.L.L.C..a
<br /> � Nebraska limited liability company.hereinafter refer�d to as''Lessee'. �
<br /> •°�°�� 1, EB FMTS .� Gessor hereby leases to Lessee a portion of the building,formerly urilized -
<br /> `"' as a Jack and Jill grocery buildin�,as per plan known as Exlubit A auached hereto contaimng ,;�
<br /> � approximately 3,560.48 square feet of net rentable area,(hereinafter simply referred to as"The Lv
<br /> ' Premises'"}at 1S 16 S.Locust,(3raad Island,Hatl County,Nebraska(heretnafter simply referred �'Y-
<br /> . • :,:,� w as"The Building'�legally described as: _
<br /> . ;� ��_
<br /> Block 16,Pleasaat Home Subdivision of the Ciry of Grand Island,
<br /> . •�.: � HaU County Nebrask�. _
<br /> ��
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<br /> ' +` aad condidons:
<br /> . . 0�the following teans
<br /> ' � 2, IF$� This Lease becomes effective imanediately upon its execution and shaU �-.
<br /> � f� c o n t i n u e i n fi il l f o r c e a a d e ff e c t u n t i l terminated accordin g to its ternis sind shall be for a Te
<br /> n •-
<br /> �' c o m m e n c i n g o n t h e date that Lessee shaU commence occupaucy of T he P r e m i sss o r J u l y L S 1 9 9 8. _ _
<br /> ,,;_,;;� w i ric hever occurs fi r s t,a n d s h a I l c o n ti aue For n the S st da of aay calendar m o n t h t he Lessee C Y'
<br /> 4 �•�� mencement of occupancy shall be other than o Y
<br /> f_.
<br /> shall pay the propomonate amount of rent allocable to such date until the fust day of n lement w •°-
<br /> � � succeed�ag moath. When the commeacemeat of the Term has been deteranined.a�Pand ending �—
<br /> , > this Lease will Be s�gned by L�and LessEe and will set fordt the exact beginain8 _--
<br /> � �� `�'��` dates of the Term of�is Lease.
<br /> � _ ���,;;;:;� ,
<br /> -. _ ":.� 3. $EN.T Lessee agrces w pay Lessor as�uat r�t for the use of The Pr�cni��at tha ��
<br />� .• O ff ice of Douthit Realty Co�pa��+,72b West lst Stc+eet,Graad Island,Nebraska 68801,the sum .
<br /> �,.;";<; ; of'ThirtY Thousand Two Huad�c�ed Sixty-Four aad N a/1 0 0 D o l l a r s(�3 0,�6 4.0 0),s n lawful :
<br /> _ . , ,�u��� � r n o n o f t he Un�ted Sta�es p ayable at the r�te o�Tvvo Thousand Five H�mdred T�e d a tlae a�
<br />_ ' No/ 01 0 Dollars(5 2,5?3.�Q 0)per m o u t h. S u a b r�t i s b a s e d u p o n a n u���60 4$square f ees.
<br /> . . of S8.SQ per square foot leased which square footage is henby aBree�
<br /> ;r� .. .„ q, TaX Fc['e .AT R PRO„I�?�? It is agreed that Lessee.as additionai rent duriag
<br />- � the initial term aad aay extendcd term of this Lease,will pay the Lessar,once�er Yeaz'on lst day
<br /> of esch December of each year during wluch some term of this Lease sha11 be�ncluded,eom-
<br />_����`:`Y mencing December 1,1999.dieproportionate pait of aay iacrease ia taxes on the subject nai
<br /> �>r'�' e s t a t e a l l o c a b l e t o T h e P r e m i s e s l M S e d b y t h e L�see over aad above the taxes for the year I997
<br /> 4�.;��fi..°..�.. . wirich were in the amouat of 59,226.66 for the e�ire Building�and real estate assodividing the
<br />-;��..��::: ,....:: wath. Such proportionate amount of any iacr�sz ia taxes shaU be deteimined by .
<br /> :' • � ,- square footage of The Fc�mises b�►the total squ�re f°°ta8e of the avaalabYe area for leasing
<br />- contained ia the buildiag of which'd'he Premises ar+�a Par�„Taxes all�able w any portion of a . -
<br />_��"` --"� yeaz during the urm of tbis Lease shall be equimbly appomoned. .. �-
<br />-:�..:r }�-;:_
<br />- :� ,�;; Lessar shall fiunish w�ter and sewer,
<br /> --f���, S. p� at Lessor's sole cost aad expense. -
<br />--"`"'`��� all e.cterior atai�rtenance and shaU mow the e�S� _
<br />_;�,,. 7p_._� and e for aU�auitori�,.light bulb and Auorescent
<br /> Lessee will pay for electcicity,8as 8a�b88 +PaY
<br />=��:;:':::.: :. _ - � replacement,asd iaterior decorating. Lessee shall indemni�y Lessor and save it harmless�Sains�
<br />-- . asy liability or damages on accouat of failure by Lessee w gay for utiliries,services,interior �
<br />` uaprovements and bulb replacemeut as hereby�equ�red- -
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