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200212310
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Last modified
10/15/2011 9:39:44 AM
Creation date
10/22/2005 10:32:30 PM
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DEEDS
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200212310
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200212310 <br />default or breach, and termination and forfeiture of the lease shall not result if, within <br />fourteen (14) days of receipt of such notice, Lessee has paid all rent and additional rent, and <br />within thirty (30) days of notice, the Lessee has remedied every other default or breach. <br />17. ABANDONMENT. If at any time during the term of this Lease Agreement, <br />Lessee abandons the Premises or any part thereof, Lessor may, at its option, enter the <br />Premises by any means without being liable for any prosecution therefore, and without <br />becoming liable to Lessee for damages or for any payment of any kind whatever, and may <br />terminate the Lease Agreement and take possession of the premises. If Lessor's right of re- <br />entry is exercised following abandonment of the Premises by Lessee, then Lessor may <br />consider any personal property belonging to Lessee and left on the Premises to also have <br />been abandoned, in which case Lessor may dispose of all such personal property in any <br />manner Lessor shall deem proper and is hereby relieved of all liability for doing so. <br />18. INDEMNITY. Lessee shall agree to indemnify or hold Lessor harmless against <br />all expenses, liabilities and claims of every kind, including reasonable counsel fees by or on <br />behalf of any person or entity arising out of either (1) failure of Lessee to perform any of the <br />terms or conditions of this Lease Agreement, (2) any injury or damage happening on or <br />about the Premises, (3) failure to comply with any law or any governmental authority or (4) <br />any construction lien or security interest filed against the Premises or equipment, materials <br />or alterations of building or improvements thereon not authorized by Lessor. <br />19. INSURANCE. One or more policies insuring the premises, for at least <br />$65,500.00, and contents, against casualty and other usual perils, including theft (in the case <br />of the contents) shall be procured, and the premiums therefore shall be paid by the Lessee. <br />Such insurance shall also provide liability coverage of at least $300,000 per loss. The <br />Lessor shall be named upon any policy owned in the Lessee's name as an additional <br />insured. Any proceeds paid on said policy or policies insuring the structures and other <br />improvements shall be used to repair or replace the premises or to pay down the option <br />purchase price, and may not be used for any other purpose without the prior written consent <br />of the Lessor. <br />20. OPTION TO PURCHASE. The Lessor hereby grants to the Lessee an option to <br />purchase the above described real estate upon the following terms and conditions: <br />A. The purchase price shall be Sixty -five Thousand Five Hundred Dollars <br />($65,500.00). <br />B. The consideration (i.e., "option price ") for this option shall be Three <br />Thousand Two Hundred Seventy Five Dollars ($3,275.00), receipt of which is hereby <br />acknowledged. The entire option price shall be applied against the purchase price if the <br />Lessee exercises the option to purchase. <br />HELMANN & SULLIVAN, P.C. <br />ATTORNEYS AT LAW <br />747 N. BURLINGTON AVENUE !I -4- <br />SUITE 305 <br />HASTINGS, NE 68901 <br />
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