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<br /> Commercial Lease �
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<br /> . ��•, This Commercial Lease is entered into as of the 12-01-97 -
<br />- � Between Video Kingdom Of Grand Island,INC a Nebraska Corporation,with its _
<br /> .':. � prineipal place of busin�ss at 2106 North Webb Road Grand Island,NE 68803 ("Lessor") �•
<br /> and Video,INC.a Nebraska Corporation with its principal place of business at 2106 =
<br /> � .. I�orth Webb Road C3rand Island,IV�68803,("Lessee"). �
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<br />-:;,, .. ��_�=,� General
<br />:�-�t The Lessor wishes to Lease the Premises(defined below)to the Lessee;and
<br />�,,`: . the Lessee wishes to lease those Premises from the Lessor.
<br />;'�;�;:., �'�tj. In consideration for the mutual promises,covenants,and Agreements made
<br /> - below,the parties,intending to be legally bound,agree as follows:
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<br />��: � � Definitions
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<br />��,.,:;�: �� �°� For purposes of this Agreement,the following terms will have the indicated
<br /> F�' � definitions:
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<br />�°y� � "Agreement." This AZ;reement is by and between the Lessor and the Lessee.
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<br /> j.` :���-� �,.���� "Premiaes." The building situated in the city of Grand Island state of Nebraska
<br /> ���=�����-��� described as 2106 North Webb Rd and having an area of approximately 21000 rentxble
<br />�;-..,�:.:. _-
<br /> :� - ,;��.��w square feet. See Exhibit A for a map of the Premises.Legal discxiption is
<br /> "'''`�' 'Lot 1 Grand Island Mall I l th Subdivision,City of Grand Island,Hall County Nebraska.
<br />_ ' � Au_reement
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<br />-�.. '�. 1. Term and Rent. The lease shall be for a term of 240 months.The Lessor
<br /> � � � demises the above Premises,conunencing 12-1-97 and terminating on I 1-30-2017, F3oth
<br /> parties agree that this is in no way a month to month lease. The Lessee shall pay to the
<br /> Lessor as rent for the Premises,without demand,deduction,or rights of off-set,the
<br /> � following sums: Equal monthly installments us follows"
<br /> For period from month 1 to month 60 $128G7.00
<br />� For period from month 61 to month 120 $14797.00
<br /> For period from month 121 to month 180 $17017.00
<br /> � For period from month 181 to month 240 $19569.00 ;
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