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<br />83-002685
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<br />NOTA1'10N OF' LEASE AND REAL ESTATE OPTION
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<br />;J15bt day orY1.k-1-l, 1982,
<br />, I
<br />of 915 W Charles, Grand
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<br />NOTICE IS' HERi::r:;:y GIVEN th-at on t..1I"='
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<br />Larry M. & Barbara J. Merritt
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<br />Island., Nebraska , as Landlord', whether one or more, did execute a
<br />\lri tten-iea;';--to _T~;;'~Ii~'J.z-;L..th & John Wenzel of 8] 0 W 10. Grand
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<br />Island, Nebraska
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<br />r as Tenant, whether one or more; on
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<br />the following d(,'scribed fe,,,l property located in Hall
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<br />__County,
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<br />Nebraska
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<br />, to-w it:
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<br />The East Porty-four E 44') reet of Lot Three (3),
<br />in Boehm Subdivision to the City of Grand Island,
<br />County, Nebraska.
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<br />The term of the Ie-as€' comme-nces .THn~ 1
<br />unless terminated pr ior thereto by default or the mutual
<br />extends to midnight" M"y n ,19-8.5..... The
<br />provisions, that Tenant is responsible for all utilities
<br />premises. It specifically provides as follows:
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<br />Block II
<br />Hall
<br />
<br />,1983, and,
<br />consent of both parties,
<br />lease provides, among other
<br />and the maintenance of the
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<br />"LIENS: It is sP<"cifieally agreed between the parties that no person shall
<br />ever be <>nUtled to any lien directly or indir..ctly, derived through or under
<br />Tenant, and through or under any act or omission of it, superior to that in this
<br />lease resenmd to Landlord upon ei ther the Land above described or any improvements
<br />n'("lW 1.)[" hf..~n-;aindftel situat~::-d ther~l::m. for or on account of any labor or materials
<br />h..u"n:ish(?d [en <-lilY :1uch Implovement.:3~ fo" or on account of any matter of thinqs
<br />WhJtS(.;H?V(-!'r-. All pf>rsons turnis.hlnq sue..! labor or materials, as well as all other
<br />persons whomsof!vPI", sh;::d! b(~ hound by thesE' provisions."
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<br />"HELATJONSIt1P 01' l'AR'!'lES: 'rh" pa':ties hereto specifically provide and
<br />stipulate that this Lf>}8SP Bhall not cre;}te, act as the creation of t or be
<br />l!'\t,npr"ted an cp"atinq, anyreluUonship of agency, either limited or general,
<br />between the par tie" nor tiny Joint venture, P<'ctnership or trust relationship of
<br />dOY typ"" 'fhp arr anqement h",eby created is simply that of a Landlord-tenant on a
<br />'ne-t' ba.sis."
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<br />ASSIGNMEN'f: 1'enant shall not assign, convey, contract to transfer, mortgage
<br />or oth<irwise hypothecate thi;., Lease, or any interest therein, and any such assignment
<br />I,)c hypothecatinq shall t'c' void and shall, at the option of Landlord, terminate this
<br />lease, TNwnt may not sublet the premises without Landlord's prior written approvaL"
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<br />By "ep'Hat., document executed the same date, Landlord has granted an option
<br />to 'fenant to purchase th,' abov,'-d..scr ibed premises for the pr ice and upon terms as
<br />set forth in said Real f:st,lt<:' Option, Unless that Opt.ion Agreement is breached by
<br />Tenant, In terminated hy the mutual consent of both parties, the cight to exercise
<br />that option shall extend to midnight, May 31 ,19 85 . This
<br />Option IS personal unto tho;' Tenant and is ;';tassigm,ble by it without the prior
<br />writte-n dt?proval of 1..!~)rKtlordt
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<br />ExeC:,Jted cOpies of the or iqin31" of the abQve-descr ibed [..ease Agreement and
<br />Real ESti.te: Opthm ar", Ht the possession of each of the ["spective parties and, for
<br />9_-ood. cause Shj,):~n___ wi 1,1 t,H> madf~ availabh:" for inspection to any person demonstrating
<br />,'I bona_ f id~_ inti?rF.~~t. t.h-t'r('l n.
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<br />[)al,:d thiS,c:;!,1~ ,lay Of__m~,
<br />
<br />,1982.
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