201705110 - Laserfiche WebLink

Browse

SCHEDULE A DESCRIPTION OF SHOPPING CENTER AND DEMISED PREMISES 2 01705110 The "Demised Premises" consist of a portion of a one -story building, to be renovated by Landlord as herein provided, and contain approximately eighteen thousand four hundred sixty -six (18,466) square feet of ground floor area having a frontage of a minimum of one hundred fifteen feet (115') and width of a minimum of one hundred twenty feet (120') and such other dimensions as shown upon the plan attached hereto (the "Lease Plan "), and are a portion of the premises within the Shopping Center referred to hereinbelow labeled "AREA A" on the Lease Plan. The portion of the Lease Plan delineated as "Critical Area" shall not be modified in any way without Tenant's consent, which may be withheld at Tenant's sole and absolute discretion. The portion of the Lease Plan which is outside of the Critical Area shall not be modified in any way which materially and adversely affects the visibility or access to the Demised Premises from the Main Streets or reduces the number of parking spaces below the criteria in Section 2 of Schedule B to this lease or decreases the number of access /egress points in the Shopping Center or materially and adversely interferes with the traffic flow of the Shopping Center, without Landlord first obtaining the consent of Tenant, such consent not to be unreasonably withheld. In addition, Tenant shall have the exclusive right to use certain service areas adjacent to the Demised Premises which contain an exterior loading dock and trash storage area for Tenant's delivery and removal activities and for Tenant's compactor, dumpster and /or trash receptacles. It is expressly understood and agreed that said service areas shall not be included in computing minimum rent pursuant to Section 5.1 of the lease or Tenant's Fraction for purposes of Article VI or for purposes of Paragraph 10 of Schedule B or for purposes of calculating other charges due under this lease. For purposes of this lease, floor area shall be measured from the outside face of exterior walls and the center of interior partition walls. If after completion of Landlord's Construction Work the Demised Premises shall contain less than the floor area required above then, as a result thereof, the minimum rent, additional rent or other charges based on square footage payable by Tenant pursuant to the lease shall be reduced proportionately and if the Demised Premises contains less than seventeen thousand nine hundred sixty -six (17,966) square feet of ground floor area, Tenant may terminate this lease by giving notice to Landlord. Notwithstanding anything to the contrary contained in this lease, in no event shall minimum rent, additional rent or other charges due under this lease be based on the Demised Premises containing more than eighteen thousand four hundred sixty -six (18,466) square feet of ground floor area. Landlord agrees that the name of the Shopping Center shall not contain the trade name of any business operated in the Shopping Center. The Demised Premises are situated within the so- called Park Island Square Shopping Center, located at the Southwest corner of the intersection of West 13t Street and North Diers Ave. (herein collectively referred to as the "Main Streets ") in City of Grand Island, County of Hall, Nebraska. The Shopping Center is the land, together with the buildings and other structures from time to time thereon, shown on the Lease Plan, and is more particularly described as follows: (LEGAL DESCRIPTION) Lots 1 and 2, Park Island Square Seventh Subdivision, in the City Of Grand Island, Hall County, Nebraska. g:\legal \pezzini\homegoods\ne \grand island \park island square \memo of lease \memo of lease.docx 6