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f""".',) (,:,::..::~ C) v' I c::> 10 () n C,:';:-:'/. 0 --, <:..,r'"o ~ :t: )> c: :r,;:;-, N m VI .,'. Z -'1 C () :I: ;"I:J ~~::~~ ---{ r"l C) n Z '" r"Tj c::: .~< 0~?tJ c (:';.j (,. C) ::I: n C') -.l"~ ~ HO~Q m > ~ ~ (,~:) N ""I] C.JI N n VI '.n \Sl L C\) c.E '" :::t: - f---' \Sl fT1 e. =n ::3 r-- g ()'l m~ ~E ~ ' ., , ::3 r- .,:'- C) ..... ......', (1 \Sl If\ Vi I. e" CO (Xl S"- 9~ ,I CD 7 i ()'l I D (, )- en eN ~~jf _C ----- '--' L.) (J) L.) U) Z ~ 2005 10853 0 -""\ This instrument constitutes a Construction Security Agreement under the Nebraska Construction Lien Act, /0 9. .:50 Sections 52-129 to 52-159, R.R.S. Neb. 2004, and secures an obligation of the City of Grand Island, Nebraska, as lessee, incurred for the purpose of making an improvement of the real estate described in this instrument. This instrument is recorded to perfect a security interest which is a construction security interest.) LEASE-PURCHASE AGREEMENT THIS LEASE-PURCHASE AGREEMENT (this "Agreement"), made and entered into as of the JiJ... day of July, 2005, by and between GRAND ISLAND FACILITIES CORPORATION, a nonprofit corporation duly organized and existing under the laws of the State of Nebraska (the "Lessor"), and the CITY OF GRAND ISLAND, NEBRASKA (the "Lessee" or the "City"), WITNESSETH: That: Lessee is a city ofthe first class of the State of Nebraska with full, lawful power and authority to enter into this Agreement acting by and through its Mayor and Council (the "Governing Body") pursuant to the authority granted by Section 19-2421, R.R.S. Neb. 1997, as amended; Lessee is in need of a new library addition and related improvements, fixtures, furniture and equipment to serve its citizens (the "Project"); Lessor has been organized and exists for the purpose of acquiring and improving real and personal property for lease to the City in connection with its general activities; Lessor and Lessee have agreed upon the terms of this Agreement to provide such building and facilities and said agreement should be reduced to writing; The following words and phrases used in this Agreement to have the following meaning, unless the context or use indicates another or different meaning or intent: "Act" shall mean Section 19-2421, R.R.S. Neb. 1997, as amended. "Addendum" shall mean that addendum to this Agreement (whether one or more) executed and delivered by the parties setting further terms, including but not limited to the payment amounts and due dates for basic rental payments (the \ "Payments" as defined below in this Agreement) and setting the termination date in . accordance with the terms of this Agreement.