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5-­a00 ,29j <br />6 <br />LEASE <br />THIS LEASE is -made and entered into this Zo4 day of <br />156,5107: , 1983, by and between GARTH A. OTIS a <br />W nd ANTHONY <br />�iEELER, ( "Landlord "), and MED WEST HEALTH CARE <br />f <br />CORPORATION, a South Dakota corporation ( "Tenant "). MANAGEMENT <br />R E C I T A L S <br />THIS LEASE is made and entered into with reference to <br />the following facts: <br />A. Landlord is the owner of that certain real property <br />and improvements commonly known as "Heritage Village of Grand <br />Island- North" consisting of a ninety -seven (97) bed nursing home <br />and /or health care facility, in Grand Island, Nebraska, located <br />on land more particularly described in Exhibit "A" attached <br />hereto, together with that certain personal property, machinery, <br />fixtures, equipment, business records, and supplies used in <br />connection with such real property and improvements, all of which <br />is more particularly described in Exhibit "B" attached hereto and <br />incorporated herein (the "Demised Premises ") . <br />B. Landlord desires to lease to Tenant, and Tenant <br />desires to hire from Landlord, the Demised Premises. <br />NOW, THEREFORE, in consideration of the mutual <br />covenants, conditions and agreements set forth herein, Landlord <br />hereby lets the Demised Premises to Tenant, and Tenant hereby <br />hires the Demised Premises from Landlord, for the term and upon <br />the conditions and provisions hereinafter set forth. <br />1. Term: <br />1.1 The term of this Lease shall commence on <br />September 19, 1983, and shall end at midnight on September 18, <br />1993, unless earlier terminated by Landlord or Tenant in <br />accordance with the provisions hereof. <br />. Option <br />is not then indefault under Ethis - Eease, Tenant Provided that Tenant the <br />right and option to extend the term of this Lease for have two (2) <br />additional periods of five (5) years each, b y <br />notice to Landlord of Tenant's exercise of such right andwOption <br />not later than six (6) months prior to the end of the initial <br />term hereof or the term hereof as previously extended. Each and <br />all of the provisions of this Lease shall apply during the <br />extended term of this Lease. <br />-l- <br />a <br />M <br />