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' . L��1S� d1GRE�11i��IT 99— 1�a,`Qa.�
<br /> T�lIS L�S�AG�iE�1A��T, +s made this day of September, 1998, by,and between 81G O
<br /> DEVELOPNiEiVT, INC., a Colorado corporation, having an address at 12650 East Briarwood Avenue,
<br /> Suite 2D, Englewood, Colorado 80112, hereinafter referred to as "Landlord,"and Reliable Tire, L.L.C., an
<br /> Arizona limited liability company, Robert A. Baker having an address at 17847 N.75'h Avenue, Glendale,
<br /> Arizona 85308 and Bryan A. and Angelica M. Hughes having an address at 3609 Bronco Road Grand
<br /> Island, Nebraska 68801 and David and Katherine Emmons having an address at 3606 E. Bismarlc Road,
<br /> Grand Island, Nebraska 68801, hereinafter collectively referred to as "Tenant",without regard to number
<br /> or gender.
<br /> �/ITYESS�H � `
<br /> Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises (the
<br /> "Leased Premises")situated in the County of Hall, State of Nebraska,which real property is more
<br /> particularly described on Exhibit A entitled "Legal Description", and which Leased Premises consists of
<br /> r�al property with a building of approximately 5,184 square feet containing shop and offica space.
<br /> i. T�rm. The Leased Premises,with all appunenances thereto, are leased to the Tenant
<br /> commencing on the first day of business of the Big O Tires franchise lacated on the Leased Premises
<br /> ("Commencement Date°),and ending, if not sooner terminated,ten years from the Commenceme�t Date.
<br /> 2. Rent. �
<br /> �. a. Base Rent. Commencing as of the Commencement Date and throughout the TeRn of
<br /> this Lease,Tenant, in consideration of the Lease, covenants and agrees to pay Landlord, without
<br /> deduction or offset,as monthly base rent,the following amounts:
<br /> Year Rent
<br /> 1 $ 5,312.50
<br /> 2 $5,625.00
<br /> 3 $5,937.50
<br /> 4,5 and 6 $ 6,250.00 per year
<br /> 7,8 and 9 $6,812.50 per year
<br /> . . 10 � � $7,425.53 . . __ .
<br /> b. Base Rent Adiustment. Beginning on the first day of the first month of the seventh (7th)
<br /> year of the term of this Lease, and for each three (3)year period of the Term thereafter including any
<br /> Extended Terms if exercised,the Base Rent shall be subject to an annual increase equal to the amount of
<br /> the increase in the Consumer Price Index("Index") during the preceding three year period's Base Rent.
<br /> The Index which is published most immediately precading the date of the adjustment period in question
<br /> commences (the"Extension Index°)shall be compared with the Index published most immediately
<br /> preceding the date the previous three-year period commenced (the "Beginning Index°). If the Extension
<br /> Index has increased over the Beginning Index,the Base Rent shall be set by multiplying the then-current
<br /> Base Rent by a fraction,the numeratar of which is the Extension Rent shall be paid in lawful money of the
<br /> United States payable in advance on the first day of each month. All rent�and other amounts due
<br /> hereunder shall be payable by Automatic Clearing House debits to TenanYs account in accordance with
<br /> Exhibit� hereto, or at Landlord's election, at Landlord's address shown in the header paragraph of this
<br /> Lease.
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