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payable on the first day of each month'at such place as Lessor shall designate. Lessor designates the payments shall be made initially to Lessor in care of: Omaha National Bank Grand Island, Trustee C/o Dick Rabe P.O. Box 2006 Third i Cedar Streets Grand Island, NE 68802 until notified otherwise. After payment of all taxes and insurance, the Lessor may apply rental payments in any manner and to any account that it, in its sole discretion, deems advisable. 3.2 Lessee shall pay to Lessor upon the execution of this Lease, all unpaid rent due and owing under the terms and conditions of its Lease dated February 20, 1984 and under the terms and conditions of any holdover term after the expiration of said Lease of February 20, 1984 and the signing of this Lease. 3.3 Lessee shall pay to Lesscr upon the execution of this Lease the sum of Twelve Thousand and no /100 Dollars ( ;12,000.00) which was due pursuant to the said Lease of February 20, 1984, but which payments were deferred. Said deferred amount shall be paid as follows: (a) $3,000.00 to be paid to Lessor by Lessee upon execution of this Leaser and (b) ;3,000.00 shall be paid to Lessor by Lessee each fiscal quarter thereafter until the total $12,000.00 has been paid. 3 0 L L J M __l 002021 -loath Monthly Rent Possession from March 1, 1985 thru February 28, 1986 $ 10,000 per month 1st Extension Periods March 1, 1986 thru February.28, 1987 2nd Extension rind: ; 10 500 • Per month March 1, 1987 thru February 29, 1988 3rd Extension Period: $ 11,000 per month March 1. 1988 thru February 28,.1989 4th Extension P iod: ; 11,500 per month March 1, 1989 thru March 31, 1990 $ 12,000 per month payable on the first day of each month'at such place as Lessor shall designate. Lessor designates the payments shall be made initially to Lessor in care of: Omaha National Bank Grand Island, Trustee C/o Dick Rabe P.O. Box 2006 Third i Cedar Streets Grand Island, NE 68802 until notified otherwise. After payment of all taxes and insurance, the Lessor may apply rental payments in any manner and to any account that it, in its sole discretion, deems advisable. 3.2 Lessee shall pay to Lessor upon the execution of this Lease, all unpaid rent due and owing under the terms and conditions of its Lease dated February 20, 1984 and under the terms and conditions of any holdover term after the expiration of said Lease of February 20, 1984 and the signing of this Lease. 3.3 Lessee shall pay to Lesscr upon the execution of this Lease the sum of Twelve Thousand and no /100 Dollars ( ;12,000.00) which was due pursuant to the said Lease of February 20, 1984, but which payments were deferred. Said deferred amount shall be paid as follows: (a) $3,000.00 to be paid to Lessor by Lessee upon execution of this Leaser and (b) ;3,000.00 shall be paid to Lessor by Lessee each fiscal quarter thereafter until the total $12,000.00 has been paid. 3 0 L L J M __l