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a <br />shall be the sum of $15,999.9(1 per year, payable at the <br />~ 333.33 per month with the first such payment <br />- rate or $1, p • P )' <br />being due and payable on the date the option is exercised, <br />with subsequent puymc:nLs bring dpe in advance upon the first <br />of each month :hereafter. <br />Additiotn l terms of this option are as follows: <br />1. This option shall be excrcisa " -;lc <br />at any time within the twenty year <br />ter4ppas provLded for in the lease <br />agreement above set forth and shall <br />• ho exercised by Lessee by notifying <br />Lessor of such exercise by certified <br />letter or hand delivered notice, <br />together with an initial mmtnth's <br />rent payment. lessee sl>.11L be <br />entitled to possession of said <br />premises from and after exercise <br />of option as herein set forth; <br />2. In the event Lessee did not obtain <br />approval of the Federal llepartment <br />of Ernironmental Control prior to <br />exercise of.the option, Lessee shall <br />have a period of 90 days thereafter <br />` within which to do so and the <br />effective date of the lease shall <br />be extended accordingly with Iessee <br />receiving credit for one month's <br />rent payment having tendered a <br />like amount together with the <br />notice of exercise; <br />3. In the event Lessee fails to receive <br />such approval within the time allowed <br />then the lease as exercised shall be <br />null and void and or no force and <br />effect and Lessor may retain the <br />initial payment', <br />4. In the event the lease provided for <br />in the above and foregoing; lease <br />agreement covering the $tJi of the <br />sw', of the same section is null <br />and void by reason of failure to <br />obtain neces +.ry appaovnI of the <br />Federal Department of Environmental <br />Control, then cite option herein <br />- - eonCained sh,til. iikewise be null and <br />void and of no force and effect and <br />Lessor agrees to and will refund to <br />. - - Lessee the sum of ;.'2500 which <br />- _ constitutes a portion of Llte con- <br />sideration for the within option. <br />-' +..;fig <br />L <br />1W <br />I <br />G <br />