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~~ .~.., :~ ~.~ ~ ~ ._, ~:~ . m ... y ~ -Y mew ~ ~ ~ S -' 1'Ci ~ ~, , (..~ -~--r ~ CI {. 1 c-~ ~`-- C ~~{~ F...~1 ~ -rry C.] ~ gyp. p ~ ~ ~muv f'r°tl o ~ - ~ rn ~' N ~~ Q rn ""L7 r ~ G 8 ~ ~ - C L~ ~ .- 7'C . . B•a ~..) 200909920 ~~ `~'`~s. COMMERCIAL LEASE AGREEMENT THIS COMMERCIAL LEASE AGREEMENT is made and entered into by and between CONESTOGA NORTH, L.L.C., a Nebraska limited liability company, hereinafter referred to as the "Lessor", and DONALD D. MEHRING, hereinafter referred to as the "Lessee". WITNESSETH: 1. Description of Leased Premises. The Lessor does hereby demise, let and lease unto the Lessee the following described property, hereinafter referred to as the "leased premises": Neva-~ A tract of land comprising a part of Lot One (1), Conestoga Twelfth Subdivision (formerly Conestoga North Fifth Subdivision when the previous lease had been entered into) in the City of Grand Island, Nebraska, more particularly described as follow: Beginning at a point forty-seven (47) feet southerly from the northerly line of said Lot One (1), and thirty and fifty-six hundredths (30.56) feet east of the westerly line of said Lot One (1); thence easterly parallel to the north line of said Lot One (1), a distance of seventy-one and sixty -seven hundredths (71.67) feet; thence southerly, a distance of forty-three (43) feet to a point one hundred one and eight tenths (101.8) feet east of the westerly line of said Lot One (1); thence westerly parallel to the northerly line of said Lot One (1), a distance of seventy- one and sixty-seven hundredths (71.67) feet; thence northerly, a distance of forty- three (43) feet to the place of beginning and containing 0.071 acres more or less. _p ~ cated_on Leased Premises. The parties hereto agree that 2. Im rovements Lo building and other improvements currently located on the leased premises belong to and are awned by the Lessee and upon termination of this Lease Agreement will remain the sole property of the Lessee. As such, this Lease is for the land only. 3. Term. Notwithstanding the date(s) of execution hereof, this Lease Agreement is for a term of sixty (60) months commencing on October 1, 2009 and ending on September 30, 2014, unless earlier terminated in accordance with the provisions hereof. 4. Consideration. The Lessee covenants and agrees to pay to the Lessor at the Lessor's office at 3421 W. State, Plaza 4, Grand Island, NE 68803, or wherever the Lessee may be directed in writing, the sum of Twenty-Five Thousand Four Hundred Forty and 00/100 Dollars ($25,440.00) in sixty (60) consecutive monthly installments. The first month's rent shall be due and payable on October 1, 2009 in the amount of Four Hundred Twenty Four and 00/100 Dollars ($424.00). Subsequent rental payments shall be due and payable on the first of each month thereafter during the term of lease agreement in the amount of Four Hundred Twenty Four and 00/100 ($424.00). Such rental payment shall be considered base rent. As additional rent and in addition to the base rent set forth above, the Lessee shall reimburse the Lessor for the following items: '~