|
as.-- 106148
<br />20. RTCVT OF FIRST RFFTTS1'.. Tf durir.rl the terra of thla lease, or any exL'ensic,n
<br />thereof, LESSOR shall receive a bona fide offer to purchase the demised premises,
<br />which offer is acceptable to LESSOR, LESSOR agrees that T.rssrr shall have and is
<br />hereby granted an option to purchase the demised premises upon the same terms nn,f
<br />provisions. LESSOR agrees ismaediately after receipt of such offer — give LFSSrr
<br />notice in writing of the terms and provisions thereof, and the *.RSSFr m_y exercise
<br />Its option to purchase said property at any time within twenty days after such
<br />notice is received by LESSEE. Tf LESSEF. shall elect to exercise such option it shall
<br />do so by giving notice in writing to LESSOR within such twenty -da- period and a rantract
<br />of sale shall be executed by the parties and title closed vIthin a reasonable time
<br />thereafter.
<br />21. LFSSOR'S CONVENANTS. LESSOR convenants that he has good and marketable title
<br />to the demised premises in fee simple absolute and that the same is subject to no
<br />leases, tenancies, agreements, encumbrances, liens, restrictions and defects in title
<br />affecting the demised premises or the rights granted I.FSSFF In this lease; that there
<br />are no restrictive covenants, zoning, or other ordinances or reon]ations applicable
<br />to the demised premises which will prevent T.FFSFF from conducting its usual business.
<br />22. QUIET ENJOYMEAT. LF.SSFF upon paying. the rent and perforr*ing the covenants
<br />and agreements of this lease shall quietly have, 'hold and eniov �',e demised premises
<br />and all rights granted '.FSSFr in this lease drnri ^r the ter"' hereof and c- tensions
<br />hereto, if any.
<br />23. SUBORDINATION. LF.S`'FE hereby agrees that its leasehold interest hereunder
<br />Is subordinate to any mortgages now on, or herea.ftrr to he plare:' cn, the premises
<br />leased hereunder; provided, as a condition precedent to stirh subordination, each
<br />such mortgagee shall expressly covenant or each -n--1, mortg+.are shall el-nressiy rrovfde
<br />that so long as the LESSEE is not in defnult under said Lenee Agreement, the I.FSSrT''S
<br />quiet possession of the portion of the premises leased hereunder shall remain +,ndistlirhed,
<br />and notwithstanding any foreclosure or other action hrourht },y the holder of the
<br />mortgage in connection therewith.
<br />24. NOTICES. Any notices required or permitted ' hereunder skirl] ',e in riti"r
<br />and delivered either in person to the other party or the other ^srtv'- authorizPd
<br />agent, or by United States Certified Mail., Return Receipt Requested, ncrtaee fully
<br />prepaid, to the addresses set forth hereinafter, or to such other address as either
<br />party may designate in writing and deliver as herein nroveded.
<br />LESSOR: Robert W. E "ary T'. Riipp
<br />1.925 W. 11th Avenue
<br />grand Island, 'yF F8fl01
<br />LESSFL: The 17v.MODAK C?RPOP.ATTO"
<br />Box 1 °02
<br />G ,,',ND ISLAND, "'E 6881'17
<br />25. RECORDATION. This lease agreement shall r,t be rile' for pli"11c r: -or,' '•_-
<br />any party hereto, but when the censtructlon of the huildinc; and other imnrovemerrs
<br />Is cmupleted as herein proveded LF`;SOR and T.TTSFF.r shall execcte cn2 acT•-total _'d?e a
<br />memorandum or short form lease setting forth the parties, description of t?-C'
<br />premises, term of the lease, opt;-r-3 for extentfon of the term, if .1-%:, an-if any
<br />other provision hereof, the inclusior of which sl,ll he mut,,nlly apreFd •;por 1'`•I
<br />LESSOR and LESSEE, which memorandum cr short fern lease may hl- f lrl'. for nub ?ic
<br />record by any party hereto. However, at the option cf either party, a -11ort fo m
<br />or memorandum of lease may be filed by either party at any tine after the rxp!uLion
<br />of this lease agreement.
<br />26. COMPLETE AGREEMENT. This lease contains a complete exprnssion of the
<br />agreement between the parties and there are no promises, represertntions or
<br />inducements except such as are herein provided.
<br />27. LESSEE shall pay all real estate, persona.] proper,, and anv other
<br />assessments or other governmental impositions and -bar,^,rq of evcry kind extra-
<br />ordinary as well as ordinary which during the ]earn tern ma•• h,- -lrsessed agair.et or
<br />become payable with respect to the leased proper:-•,.
<br />
|