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<br />made pursuant to Article XIX . <br /> <br />200702101 <br /> <br />ARTICLE III - RENT <br /> <br />3,1 LESSEE covenants and agrees to pay as rent to lESSOR during <br /> <br />the original twenty (20) year term of this lease, the sum of Seventy-Two Thousand <br /> <br />($72,000.00) Dollars, payable at the rate of Three Hundred ($300.00) Dollars, per <br /> <br />month, the first monthly payment being due on the 1st day of the month following <br /> <br />the date possession is delivered and subsequent monthly payments being due on <br /> <br />the 1st day of each and every month thereafter until the sum due pursuant to th~ <br /> <br />terms of this Lease is paid in full. The monthly rent during the term of this Lease <br /> <br />shall not be increased but shall remain at the montly rate payable during the term <br /> <br />hereof, as adjusted with the cost-of-living adjustment every five (5) years as <br /> <br />hereinafter set forth. Concurrently with the execution of this Lease, LESSEE is <br /> <br />s ening a security depos it, said deposit to be returned one year after commencement <br /> <br />paying and LESSOR acknowledges receipt of SiX Hundred ($600 .00LDollars, repre- <br />~ <br /> <br />of this Lease, providing all terms of said Lease have been complied with by LESSEE. <br /> <br />3.2 The rent ( and monthly installments thereof) payable shall be <br /> <br />adjusted at the termination of each successive five (5) year period during the term <br /> <br />hereof based upon and in direct proportion to any Increase or decrease in the Con- <br /> <br />sumer price [ndix (United States City Average Index incorporating all items) estab- <br /> <br />(J IfC- <br />t- I <br />1,lJ-,,' <br /> <br />lished by the United States Department of Labor. Bureau of Labor Statistics, or <br /> <br />any similar successor index established by any other agency of the United States <br /> <br />Government, measured from the commencement date of the term of this Lease to <br /> <br />the first day of such five (5) year period; provided. however, in any event. said <br /> <br />fixed rental payable hereunder- shall never b"! reduced to less than Three Hundred <br /> <br />($300.00) Dollars per month, <br /> <br />3.3 All rent reserved and payable hereunder shall be paid without <br /> <br />prior demand therefor and without any deduction or set-off whatsoever. in lawful <br /> <br />money of the United States of America; and shall be payable at the office of the <br /> <br />LESSOR as set forth in ArtlcleXD< below, or at such other place or places as may <br /> <br />from timE:'! to time be designated in writing by the LESSOR. <br /> <br />ARTICLE IV - USE <br /> <br />1\.1 It is contemplateld that the I.eased Premises and the building <br /> <br />~1,,--,f <br /> <br />-2- <br /> <br />~i-1' <br />