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99 110362
<br /> CONTRACT AND AGREEP4ENT
<br /> THIS AGREEMENT made and entered into this- 1 St day of ��y , 19�,
<br /> by and between Rudolph N. Kuester and Frances Kuester, his wife, of Grand Island,
<br /> Nebraska, as Lessors, and ��Qld T. siid or L.oretta . .ricka n OT eLiY`Y1PO2'
<br /> of Grand Island, Nebraska, as Lessee, hereinafter referred to as Lessee, WITNESSETH:
<br /> That for and in consideration of the covenants and agreements as hereinafter
<br /> set forth, the parties hereto agree as follows:
<br /> WHEREAS, this indenture evidences the grants, covenants and agreements now
<br /> made by and between the parties with reference to the following described premises,
<br /> to-wit:
<br /> The East Half of the Southwest Quarter (EZSW4) of Section
<br /> Thirteen (13) in Township Eleven (11) North, Range Nine (9) ,
<br /> West of the 6th P.M. , in Hall County, Nebraska
<br /> on which is located a lake and in connection with which certain lots abbutting the
<br /> same have been marked off and identified by certain stakes and are of various lake-
<br /> front footage, and which lots are identified by numbers both marked upon the stakes
<br /> indicating the location and upon the chart in the possession of Lessors or some of
<br /> them, and to which lots access is gained from the public highway running along the
<br /> South side of said Section Thirteen (13) by roadways,, constructed and maintained by
<br /> Lessors, running along the rear of such lots; and
<br /> 18&18 A
<br /> WHEREAS, Lessee now occupies under lease with said Lessors Lot No.------s having
<br /> a lake-front footage of --125-- feet situated on the WG'St SldB Of ea8�
<br /> portion of said lake above mentioned;
<br /> NOW, THEREFORE, in consideration of the premises and the rental hereinafter
<br /> provided the Lessors have leased unto Lessee and Lessee leases from the Lessors
<br /> commencing Mg� 1 gt , 19 68 , and terminating on the 30th day of June,
<br /> 19_�$, it being understood by all parties that effective MAy 1 St , 1968 ,
<br /> this agreement supersedes and terminates any and all leases now in effect between
<br /> the parties hereto with reference to the above described premises heretofore in
<br /> effect between the parties hereto;
<br /> Lessee hereby agrees to pay as rental for said above described leased premises
<br /> the sum of One dollar fifty cents per lake-front foot annually, or a total of
<br /> $ 18?.50 per year, in advance on the first day of July of each year, commencing
<br /> �TL11Y �.et, 19 68 , which rental shall continue for a period of five
<br /> years from JUlY 1 St• , 19 68 , and to be paid at such place or places from
<br /> time to time as designated by the Lessors;
<br /> Thereafter, a reasonable rental may be charged by the Lessors for the next
<br /> succeeding five years and likewise such rental adjustment shall occur at five-year
<br /> intervals for five-year periods during the said term of this lease; said rentals for
<br /> each of such successive five-year periods to be a reasonable rental under the then
<br /> existing conditions and circumstances. As a further consideration for the leasing
<br /> aforesaid, the Lessee further covenants, promises and agrees to bear, pay and
<br /> discharge, in addition to the said rents reserved, all taxes, rates, assessments
<br /> and levies, general and special, ordinary and extra-ordinary, of every name, nature
<br /> and kind, whatsoever, including water rates which may be taxed, charged, assessed,
<br /> levied or imposed on the real property herein leased and all which may be assessed,
<br /> levied or imposed upon the leasehold estate hereby created, and upon the reversionary
<br /> estate of said premises during the term hereby granted, and so long thereafter as
<br /> said Lessee, successors and assigns, heirs or devisees shall occupy said demised
<br /> premises, in excess of the amount of 19 68 real property taxes levied and assessed
<br /> upon said Lot No.-18&18 A-- , unless it is specifically provided that such excess
<br /> in taxes is included in any rental as fixed for any of the succeeding five-year
<br /> periods; it being the understanding that the Lessors, or their heirs or devisees or
<br /> assigns, shall at no time during the term of this lease pay any amount for taxes of
<br /> any kind upon the real property herein leased in excess of the dollars amount of the
<br /> 19�_ real property taxes thereon, except where in writing stipulated as having been
<br /> included in any adjustment in rentals. In arriving at such additional real property
<br /> taxes on said lot, the same shall be computed on the basis of a fair, pro-rata share
<br /> of the total increase that said lot bears in area to the entire tract included in
<br /> such taxed unit.
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