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3 <br />Lots One (1) and f vo ( 2) a.n 3lock Ei�,hty TI ree ( J3), <br />Original Town, no v City of Grand Island, NebrasRa. <br />a <br />AA <br />This land and the motel or motor hotel consisting of 3i <br />units (including manager,a apartment) will be Called "the premises ". <br />Section 2. Commencement. Commencement date of this lease team <br />{ f <br />shall be the day this lease is recorded in the official records of <br />I {all county, <br />but $in no event later than two years from date hereof. <br />t <br />Section. Lease Term. The lease term shall be the period of <br />43 years and 7 months (plus the partial month, if, <br />any, immediately following commencement date) beginning on commencement <br />date and expiring ('unles's sooner terminated) at midnight on J in- 30, 2011 . <br />Section 4. Lease 1(ear, lease year means each consecutive twelve- - <br />month period beginning on December .l . If the lease is terminated` <br />prior,to the completion of the lease term, the partial year from the end <br />of tie last lease year to termination date shall also be considered a <br />lease' year. <br />Section Recording. Upon request of either after commencement <br />date, Lessor and Travelodge shall execute a proper supplemental agreement <br />in recordable form describing the premises and specifying commencement <br />1 <br />and termination dates. This supplemental agreement may be recorded by <br />eitl�e,� • _ 4 <br />i <br />t <br />�u <br />Imo` <br />U <br />i s <br />a <br />f <br />1 <br />< � <br />M <br />i <br />t <br />�u <br />Imo` <br />U <br />i s <br />a <br />f <br />