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79~ ~ ~''~ ~ U ~ LEASE OF COMMERCIAL REAL ESTe~TE This Lease, made May 24, _, 1979, between Darrell B. Caswell, Cairo; Nebraska, herein. referred to as Lessor, and Cairo Lumber Company, a Nebraska Corporation, by Francis L. Weber, President, herein referred to as Lessee. Lessor hereby demises and lets to Lessee for the tern com'nercing ~ - 2b , 1979, and ending May 2L 1989, the following des- Bribed real estate, to wit: Lots One (1), Two (2), Three (3), Four (4), Five (5), and Six (b) all in Biock Five (5), original Town of Cairo, Rail County, Nebraska, together with all build- ings and izprovements thereon, an the following terms and conditions: ARTICLE ONE :iES1I' Lessee agrees to pay to Lessor as rent for the above described pre- miles, the sum of x}72.23 each month d•,u~ing the term of the Tease, each payment being due and payable on the 2~+th. day of each month, be- fsay ginning with the 2kth day of $~,jx 1979. ARTICLE la`O LESSOR'S OBLIGATIONS Lessor agrees: a. Ta pay all real estate taxes on the above premises prier to de- lin~uency, during the ter of the (ease, and pay all costs of maintenance associated with sai3 real estate. b. Te insure to ~.rket value all buildings and imrovements cn the premises against loss by fire, ~;ndstoz^=, hail and ether casualty, costs of the same to be paid ~• Lesser. In the event of loss of buildings or improvements by fire ar ether casualty, Lessor agrees to replace the build- ings or improvements, or repair the same, as soon as practical, or to make suitable adjustments _- rental pa3~~,ents. ~. Tc warrant and 3ez'end .essee's possession av.aiust any and all persons as lane as the lease mains in e."feet. Lessee agrees: a. T'o pay all utilities and other operating expenses associated with the leasing of these premises. b. ~o kzcy the buildings auu _,c_ ~mpruvzn.ents ag the leased premises in as good repair and condition. ss they e_Te when he obtains possession, reason- able wear and depreciation, excepted, or as good repair as they may be nut in during the term hereoY'. c. To a11ov Lessor or anycztte designated by him, to enter the premises at aay}r reasonable tip to inspect the property and to Work and make improve- ments ss he-shall dee$ expedient.