LEASE
THIS LEASE, made this 22nd day of July, 1996, between DELUXE CORPORATION,
a Minnesota corporation, (hereinafter designated as "Landlord") and NORTHSTAR
COMPUTER FORMS, INC., a Minnesota corporation, (hereinafter designated
"Tenant");
WITNESSETH:
ARTICLE 1 - PREMISES AND TERM. The Landlord, in consideration of the
rental herein agreed to be paid by the Tenant and the other conditions,
agreements and stipulations of the Tenant herein expressed and agreed to be
kept and performed by the Tenant, does hereby demise and lease unto the
Tenant the building containing approximately 40,000 square feet situated in
the City of St. Xxxx, County of Xxxxxx, State of Minnesota, located at 0000
Xx. Xxxxx Xxxxxx, Xxxxxxxxx, XX 00000, together with parking areas,
sidewalks and yard areas adjacent thereto, all legally described in the
attached Exhibit A hereinafter referred to as the "leased premises".
TO HAVE AND TO HOLD the leased premises and appurtenances for a term
commencing July 22, 1996, and shall continue for a period of One (1) year and
nine (9) days unless sooner terminated, as hereinafter provided until July
31, 1997. Tenant shall have the option to extend the term for an additional
six (6) calendar months on the same terms and conditions, which option must
be exercised by written notice given by Tenant to Landlord not less than
ninety (90) days prior to expiration of the initial term.
ARTICLE 2 - RENT. Landlord reserves and Tenant covenants to pay to
Landlord, without demand, at its office, or at such other place as Landlord
may, from time to time, designate in writing, a gross rent of Two Hundred
Thousand Dollars ($280,000.00) for the term payable in monthly installments
of $23,333.33 per month on the first day of each and every calendar month in
advance during the year of the term. Partial months shall be pro-rated.
ARTICLE 3 - BUSINESS USE. The leased premises shall be used and occupied
by Tenant for operation as a printing facility or for any other legal purpose.
ARTICLE 4 - CERTIFICATION THAT LEASE IS IN FULL FORCE AND EFFECT. For the
purposes of mortgaging the leased premises or for the sale of the leased
premises, Tenant shall, at any time, on fifteen (15) days' prior written
notice by Landlord, execute, acknowledge, and deliver to Landlord a written
statement certifying that this Lease continues unmodified and is in full
force and effect (or if there have been modifications, that this Lease
continues in full force and effect as modified and stating the
modifications), and the dates to which the rent and the additional rent have
been paid, and stating whether Tenant is in default in performing any
covenant to this Lease, and, should Tenant be in default, specifying each and
every such default.
ARTICLE 5 - CARE OF PREMISES. Tenant shall, at its expense, keep the
leased premises used by it and all of Tenant's leasehold improvements used by
it in a clean, safe and sanitary and a good and reasonable condition.
ARTICLE 6 - REPAIRS. Tenant shall at all times keep the interior
non-structural components of leased premises and all of Tenant's leasehold
improvements in a good state of repair subject to ordinary wear. Landlord
shall be responsible for maintenance, repair or replacement of exterior walls
and entrances, all glass, and window moldings, parking areas, striping,
seal-coating thereof and the surface thereof, floors, lighting, heating and
plumbing fixtures, utility lines, roof, heating and air conditioning systems
any of which are located in or about the leased premises in good order and
condition. Structural portions of the building shall be the responsibility of
Landlord. For purposes of this Article, structural portions of the building
shall include the outer walls, roof, foundation and supporting members of the
building structure of which the leased premises constitute a part. If the
exterior walls entrances, glass, window moldings, parking areas, striping,
seal coating (or the surface thereof), floors, lighting, plumbing fixtures,
utility lines, roof, heating or air conditioning systems located in or about
the leased premises fall into a state of disrepair or become damaged or
destroyed through the negligence, carelessness or misuse of Tenant or its
agents or employees, the cost of the necessary maintenance, repair or
replacement shall be the responsibility of Tenant.
ARTICLE 7 - SIGNS. The Tenant may erect, place or display or allow to be
erected, placed, or displayed any lettering, sign, advertisement, awning, or
other projection in or on the leased property or in or on the building of
which it forms a part without the Landlord's consent.
At the end of the term of this Lease or of any renewal thereof, the Tenant
shall remove its signs at its own expense and repair any damage to the
demised premises resulting from the erection, maintenance, or removal of its
sign.
ARTICLE 8 - ALTERATIONS, INSTALLATIONS, FIXTURES. Except as hereinafter
provided, Tenant shall not make any alterations in or additions to the leased
premises which exceed $50,000.00 in costs without the written consent of
Landlord and alterations or additions under $50,000.00 may be made without
the consent of the Landlord. If alterations become necessary because of the
application of laws or ordinances or of the directions, rules or regulations
of any regulatory body, Landlord shall make such alterations at its own cost
and expense. At the expiration or sooner termination of this Lease, Tenant,
at the option of the Landlord, shall return the premises to their original
condition, subject to normal wear and tear. Title to any and all such
leasehold improvements, alterations, installations or additions shall revert
to Landlord upon expiration or sooner termination of this Lease at Landlord's
option at Tenant's option.
ARTICLE 9 - COVENANTS TO HOLD HARMLESS. Unless the liability for damage
or loss is caused by intentional acts or the negligence of Landlord, its
agents or employees, Landlord shall be held harmless by Tenant from any
liability for damages to any person or property in or upon the leased
premises, including the person and property of Tenant and its employees and
all persons in the building at its or their invitation. All property kept,
stored or maintained in the leased premises shall be so kept, stored or
maintained at the sole risk of
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Tenant. Tenant agrees to pay all sums of money in respect of any labor,
services, materials, supplies, or equipment furnished or alleged to have been
furnished to Tenant in or about the leased premises, and not furnished on
order of Landlord, which may be secured by any Mechanic's, Materialmen's or
other lien against the leased premises or the Landlord's interest therein and
will cause each such lien to be discharged at the time performance of any
obligation secured thereby matures. Landlord shall have the right to post
and maintain on the leased premises, notice of non-responsibility under the
laws of Minnesota. Tenant shall have the reasonable right to protest any such
Mechanic's, Materialmen's or other such lien through appropriate legal
proceedings provided Tenant shall provide Landlord a bond or other evidence
satisfactory to Landlord evidencing Tenant's ability to pay such lien even if
so contested.
ARTICLE 10 - ASSIGNMENT OR SUBLETTING. Tenant may not sell, assign,
mortgage, pledge, sublease, or transfer this Lease or any estate or interest
thereunder without the previous written consent of Landlord in each instance.
Landlord's right to assign this Lease is and shall remain unqualified.
ARTICLE 11 - UTILITY SERVICE. Gas, Water, and Electricity. Landlord
agrees to cause mains, conduits, and other facilities to be provided to the
property lines and to supply gas, water, electricity and sanitary sewer to
the property lines. Tenant shall pay, when billed, for all water, gas and
electricity or other utility services used in the leased premises.
ARTICLE 12 - EMINENT DOMAIN. In the event of any eminent domain or
condemnation proceeding commenced by the filing of a petition in respect to
the leased premises during the term hereof, the following provisions shall
apply:
(a) TOTAL CONDEMNATION OF LEASED PREMISES. If the whole of the leased
premises shall be acquired or condemned by eminent domain for any
public or quasi-public use or purpose, then the term of this Lease
shall cease and terminate as of the date possession shall be taken in
such proceeding and all rentals shall be paid up to that date and
Tenant shall have no claim against Landlord nor the condemning
authority for the value of any unexpired term of this Lease.
(b) PARTIAL CONDEMNATION. If any part of the leased premises shall be
acquired or condemned as aforesaid, and in the event that such partial
taking or condemnation shall render the leased premises substantially
unsuitable for the business of the Tenant in the reasonable opinion of
Tenant, then the term of this Lease shall cease and terminate as of
the date possession shall be taken in such proceeding. Tenant shall
have a claim against Landlord or the condemning authority for the
value of any unexpired term of this Lease and rent shall be adjusted
to the date of such termination. In the event of a partial taking or
condemnation which is not extensive enough to render the premises
unsuitable for the business of the Tenant in the reasonable opinion of
the Tenant and Landlord, then Landlord shall promptly restore the
leased premises so as to constitute the remaining premises a complete
architectural unit, and this Lease shall continue in full force and
effect with a proportionate abatement of rent based on the portion of
the leased premises
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taken. The rent shall also xxxxx during
restoration as to the portion of the leased premises rendered
untenantable.
(c) TENANT'S DAMAGES. Tenant shall have the further right to claim and
recover from the condemning authority such compensation as may be
separately awarded or recoverable by Tenant in Tenant's own right on
account of any cost or loss to which Tenant might be put in removing
and relocating Tenant's inventory, merchandise, equipment and personal
property.
(d) LANDLORD'S DAMAGES. In the event Landlord seeks any recovery from the
condemning authority, Tenant shall provide reasonable cooperation to
Landlord in such pursuit, provided such action shall not be
detrimental to Tenant's own claim for damages.
ARTICLE 13 - DAMAGE.
(a) PARTIAL OR TOTAL DESTRUCTION. In case the leased premises shall be
partially or totally destroyed by fire or other casualty insurable
under full standard fire and extended coverage insurance so as to
become partially or totally untenantable, the same, unless either
party shall elect to terminate this Lease as provided for in
subparagraph (b) below, shall be repaired as speedily as possible at
the cost of Landlord and a portion of the rent based upon the amount
of the leased premises rendered untenantable shall be abated until so
repaired.
(b) In the event the leased premises shall be substantially destroyed due
to a cause which is not insurable under such insurance, either party
may elect, within ten (10) days of such event by sending written
notice thereof, to terminate this Lease. In the event that such
partial or total destruction shall be to the extent that (i) the cost
of repair is reasonably estimated to exceed thirty-five (35%) percent
of the replacement cost of the building and improvements, or (ii) the
reasonably estimated time period for repair will exceed three (3)
months or will extend beyond the expiration date of the Lease term, as
extended by an exercise of the renewal option, either party may elect
to terminate this Lease within ten (10) days of such event by sending
written notice thereof to the other. Upon such termination, the
parties shall remain liable for their obligations which accrued prior
to the termination. Such termination shall be retroactive to the date
of casualty, but Tenant shall be permitted reasonable opportunity post
termination to remove its property.
(c) FIRE INSURANCE PROVISION.
(1) Landlord hereby waives and releases all claims, liabilities and
causes of action against Tenant and its agents, servants and
employees for loss or damage to, or destruction of, the leased
premises or buildings and other improvements situated on the
property resulting from fire, explosion or the other perils
included in standard extended coverage insurance, whether
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caused by the negligence of any of said persons or otherwise.
Likewise, Tenant hereby waives and releases all claims,
liabilities and causes of action against Landlord and its
agents, servants and employees or other tenants in the building
for loss or damage to, or destruction of, any of the
improvements, fixtures, equipment, supplies, merchandise and
other property, whether that of Tenant or of others in, upon or
about the leased premises or the buildings or improvements of
which the leased premises are a part resulting from fire,
explosion or the other perils included in standard extended
coverage insurance, whether caused by the negligence of any of
said persons or otherwise.
(2) Landlord will keep in force a standard form of Fire and Extended
Coverage Insurance with replacement cost endorsement in the event
of damage or destruction of the building and including public
liability insurance of the Landlord with respect to the leased
premises with limits of $500,000 for injury or death to any one
person, $1,000,000 for injury or death to more than one person,
and $500,000 with respect to damage to property. The Tenant
shall not pay any of the annual cost of such insurance premiums.
Tenant shall have sole responsibility to insure its leasehold
improvements, trade fixtures, fixtures, furnishings, inventory,
personal property and equipment.
ARTICLE 14 - SURRENDER. On the last day of the term demised or on the
sooner termination thereof, Tenant shall peaceably surrender the leased
premises in good order and condition, casualty loss only excepted. On or
before the last day of the term or the sooner termination thereof, Tenant
shall, at its expense, remove its trade fixtures, personal property and
equipment and signs from the leased premises and any property not removed
shall be deemed abandoned. Any damage caused by Tenant in the removal of
such items shall be repaired by and at Tenant's expense. All alterations,
additions, improvements and fixtures (other than Tenant's trade fixtures and
equipment) which shall have been made or installed by either Landlord or
Tenant upon the leased premises and all flooring shall remain upon and be
surrendered with the leased premises as a part thereof, without disturbance,
molestation or injury, and without charge, at the expiration or termination
of this Lease.
ARTICLE 15 - DEFAULT OF TENANT AND REMEDIES.
(a) RIGHT TO RE-ENTER. In the event of any failure of Tenant to pay any
rental within five (5) days written notice after the same shall be
due, or any failure to perform any other of the terms, conditions or
covenants of this Lease to be observed or performed by Tenant for more
than thirty (30) days after written notice of such other default shall
have been given to Tenant, (or in the event such other default cannot
reasonably be cured within thirty (30) days and Tenant commences to
cure and diligently pursue a course of action to so cure and continue
towards completion then for a reasonable period of time thereafter, or
if an agent of Tenant shall substantially falsify any report required
to be furnished to Landlord pursuant to the terms of this Lease, or if
Tenant or any guarantor of this Lease
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shall become bankrupt or insolvent, or file any debtor proceedings
or take or have against Tenant or any guarantor of this Lease in any
court pursuant to any statute either of the United States or of any
state a petition in bankruptcy or insolvency or for reorganization or
for the appointment of a receiver or trustee of all or a portion of
Tenant's or any such guarantor's property, or if Tenant or any such
guarantor makes an assignment for the benefit of creditors, or
petitions for or enters into an arrangement, or suffer this Lease
to be taken under any writ of execution, then Landlord, besides
other rights or remedies it may have, shall have the immediate
right of re-entry and may remove all persons and property from the
leased premises in accordance with applicable law.
(b) RIGHT TO RELET. Should Landlord elect to re-enter, as herein
provided, or should it take possession, it may either terminate this
Lease or make such reasonable alterations and repairs at Tenant's
expense as may be necessary in order to relet the premises, and relet
said premises or any part thereof upon reasonable terms and conditions
and Landlord shall use its best efforts to mediate Tenant's damages.
(c) LEGAL AND OTHER EXPENSES. In case suit shall be brought because of
the breach of any covenant herein contained on the part of Tenant or
Landlord to be kept or performed, and a breach shall be established,
or a party shall successfully defend against an alleged breach, the
party so breaching or unsuccessfully defending against an alleged
breach shall pay to the party establishing the breach or successfully
defending against an alleged breach, all expenses incurred therefor,
including a reasonable attorney's fee and costs and any court having
jurisdiction over the matter shall fix and order payment of same. The
parties hereto waive any right to a trial by a jury to the maximum
extent waivable.
ARTICLE 16 - GENERAL. This Lease does not create the relationship of
principal and agent or of partnership or of joint venture or of any
association between Landlord and Tenant, the sole relationship between
Landlord and Tenant being that of Landlord and Tenant. No waiver of any
default by a party hereunder shall be implied from any omission by the other
party to take any action on account of such default if such default persists
or is repeated, and no express waiver shall affect any default other than the
default specified in the express waiver and that only for the time and to the
extent therein stated. The marginal or topical headings of the several
articles, paragraphs and clauses are for convenience only and do not define,
limit or construe the contents of such articles, paragraphs or clauses. All
preliminary negotiations are merged into and incorporated in the Lease. The
laws of the State of Minnesota shall govern the validity, performance and
enforcement of the Lease. This paragraph likewise applies in favor of the
Tenant to the same extent as if it had been retyped with the applicable
terminology reversed.
(a) ENTIRE AGREEMENT. This Lease and the Exhibits attached hereto and
forming a part hereof, set forth all the covenants, promises,
agreements, conditions and understandings between Landlord and Tenant
concerning the leased premises and there are no covenants, promises,
agreements, conditions or understandings,
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either oral or written, between them other than are herein set
forth. Except as herein otherwise provided, no subsequent
alteration, amendment, change or addition to this Lease shall be
binding upon Landlord or Tenant unless reduced to writing and
signed by them.
(b) PARTIAL INVALIDITY. If any term, covenant or condition of this Lease
or the application thereof to any person or circumstance shall, to
any extent, be invalid or unenforceable, the remainder of this Lease,
or the application of such term, covenant or condition to persons or
circumstances other than those as to which it is held invalid or
unenforceable, shall not be affected thereby and each term, covenant
or condition of this Lease shall be valid and be enforced to the
fullest extent permitted by law.
ARTICLE 17 - HOLDING OVER. In the event Tenant remains in possession of
the premises herein leased after the expiration of this Lease and without the
execution of a new lease, it shall be deemed to be occupying said premises as
a tenant from month-to-month, subject to all the conditions, provisions and
obligations of the Lease insofar as the same can be applicable to a
month-to-month tenancy.
ARTICLE 18 - QUIET ENJOYMENT. Landlord covenants and agrees with Tenant
and upon Tenant paying the rent and performing all of the terms and
conditions on Tenant's part to be observed and performed, Tenant may
peaceably and quietly enjoy the premises hereby leased for the business uses
permitted hereunder, subject, nevertheless, to the terms and conditions of
this Lease.
ARTICLE 19 - REAL ESTATE TAXES. Landlord shall pay all of the real estate
taxes and installments of assessments (including interest thereon)
attributable to the land and building of the leased premises, including the
parking area and any and all charges or fees imposed by any City County or
State, whether by special assessment or otherwise, for services rendered or
to be rendered in the future to or for the benefit of all or any part of the
leased premises and which are due and payable during the term or any renewal
term of this Lease and Tenant shall be under no obligation to reimburse
Landlord for any such matters.
ARTICLE 20 - NOTICES. Any notice required or permitted under this Lease
shall be deemed sufficiently given or served if sent by registered or
certified return receipt mail to Tenant at the address of the leased
premises, and to Landlord at 0000 Xxxxxxxx Xxxxxx Xxxxx, Xxxxxxxxx, XX 00000
and either party may by like written notice at the address where rent is
currently paid at any time designate a different address to which notices
shall subsequently be sent.
ARTICLE 21 - SUCCESSORS AND ASSIGNS. The terms, covenants and conditions
hereof shall be binding upon and inure to the successors in interest and
assigns of the parties hereto.
ARTICLE 22 - NON-LIABILITY. Landlord, except for Landlord's intentional or
negligent acts, shall not be liable for any damage to property of Tenant or of
others located on
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the leased premises, nor for the loss of or damage to any property of Tenant
or of others by theft or otherwise.
ARTICLE 23 - HAZARDOUS MATERIALS INDEMNITY. Tenant covenants, represents
and warrants to Landlord, its successors and assigns, (i) that it will not
use or permit the leased premises to be used, whether directly or through
contractors, agents or tenants, for the generating, transporting, treating,
storage, manufacture, emission of, spillage, or disposal of any dangerous,
toxic or hazardous pollutants, chemicals, wastes or substances as defined in
the Federal Comprehensive Environmental Response Compensation and Liability
Act of 1980 as amended by the Super Fund Amendments Reauthorization Act of
1986 ("CERCLA"), the Federal Resource Conservation and Recovery Act of 1976
("RCRA"), the Minnesota Petroleum Tank Release Cleanup Act (Minn. Stat.
Section 115C), or the Minnesota Response and Liability Act (Minn. Stat.
Section 115B) ("XXXXX"), or any other federal, state or local environmental
laws, statutes, regulations, requirements and ordinances as amended from time
to time ("Hazardous Materials") in violation of any applicable law (provided
that Tenant may use the leased premises or permit the uses specified in this
subparagraph provided they do so in compliance with the requirements of any
Federal, State, or local government or any agency or department thereof
without the written consent of the Landlord); (ii) that it will disclose
within 3 business days any investigations or reports involving Tenant, or the
leased premises by any governmental authority which in any way pertain to
Hazardous Materials (iii) that Tenant shall not bring upon, use in, or
incorporate into the leased premises any polychlorinated biphenyls (PCB's),
petroleum or petroleum based derivations, urea formaldehyde, or asbestos
except in compliance with the requirements at law.
Landlord covenants, represents and warrants to Tenant, its successors and
assigns, to its knowledge, (i) that it has not used or permitted the leased
premises to be used, for the generating, transporting, treating, storage,
manufacture, emission of, or disposal of any Hazardous Materials; (ii) that
there have been no investigations or reports involving Landlord, or the
leased premises by any governmental authority which in any way pertain to
Hazardous Materials (iii) that the operation of the leased premises is not
currently violating any federal, state or local law, regulation, ordinance or
requirement governing Hazardous Materials; (iv) that the leased premises is
not listed in the United States Environmental Protection Agency's National
Priorities List of Hazardous Waste Sites nor any other list, schedule, log,
inventory or record of Hazardous Materials or hazardous waste sites, whether
maintained by the United States Government or any state or local agency; and
(v) that the leased premises does not contain any PCB's, petroleum or
petroleum based derivations, urea formaldehyde, or asbestos, except as may
have been disclosed in writing to Tenant by Landlord at the time of execution
and delivery of this Lease. In connection with the purchase of certain
assets by Tenant from Landlord, Tenant's environmental engineer is
undertaking a Phase I Environmental Assessment of the Premises, which may or
may not be completed as of the commencement of the term hereof and approval
of which shall not be unreasonably withheld. If the Phase I Environmental
Assessment has not been completed as of the commencement of the term hereof,
Tenant shall take reasonable action to have it promptly completed. Tenant's
environmental engineer shall be permitted reasonable access to the leased
premises for the purpose of conducting such inspections as may be necessary
in order to complete the Phase I Environmental Assessment. In the event that
the Phase I Environmental Assessment discloses matters of concern which may
require testing that
8
would fall within the scope of what is commonly referred to as a Phase II
Environmental Assessment, Landlord agrees to pay the cost of performing such
tests and preparation of a Phase II Environmental Assessment and shall
undertake and pay the cost of any remedial action recommended therein or
required or recommended by any governmental agency. In the event that a
Phase I or Phase II Environmental Assessment discloses the release or
discharge of any Hazardous Substance upon the leased premises, as between
Landlord and Tenant, Landlord shall be irrebuttably presumed to be the sole
party responsible for such release or discharge and such release or discharge
shall be deemed to have occurred prior to the date hereof even though Tenant
may subsequent to the date of this Lease use similar chemicals, Hazardous
Substances or processes to those used by Landlord prior to the date of this
Lease and Landlord hereby agrees to indemnify and hold harmless Tenant
against loss or liability including attorneys' fees to third parties and
governmental authorities arising out of such releases or discharges occurring
prior to the effective date of this Lease and Tenant agrees to indemnify and
hold harmless Landlord against any loss or liability including attorneys'
fees to third parties and governmental authorities arising out of such
subsequent releases or discharges. Tenant shall repair or fill any borings
taken as part of the Phase II Environmental Assessment.
Additionally, each party agrees to indemnify and reimburse the other
party, its successors and assigns, for:
(a) any breach of any representations or warranties, and
(b) any loss, damage, expense or cost arising out of or incurred by the
other party which is the result of a breach of, misstatement of or
misrepresentation of the above covenants, representations and
warranties, and
together with all attorneys' fees, costs and disbursements incurred in
connection with the defense of any action against Landlord arising out of the
above. These covenants, representations and warranties shall be deemed
continuing covenants, representations and warranties for the benefit of
Landlord, and any successors and assigns of Landlord and shall survive
expiration or sooner termination of this Lease. The amount of all such
indemnified loss, damage, expense or cost, shall bear interest thereon at the
rate of 1% in excess of the prime rate or reference rate established from
time to time by Norwest Bank of Minnesota, N.A. and shall become immediately
due and payable in full on demand of any party so indemnified and entitled to
reimbursement, its successors and assigns. The indemnification contained
herein shall survive expiration or sooner termination of this Lease.
ARTICLE 24 - MISCELLANEOUS.
(a) The paragraph headings of this Lease are inserted only as a matter of
convenience and for reference and in no way define, limit or describe
the scope or intent of this agreement or any provision thereof or in
any way affect this agreement.
(b) This Lease may be executed in counterparts and when so executed shall
constitute one agreement binding on all parties hereto,
notwithstanding that they are not signatory to the original or same
counterpart.
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This Lease is a gross lease and Tenant shall not be obligated to pay all
or any portion of AD VALOREM real estate taxes, assessments, insurance
premiums, or any other Landlord obligations or incurred costs or expenses,
and Tenant shall be put to no other expense except its obligation to pay rent
and utilities and other expenses specifically described herein.
ARTICLE 25 - QUIET PERIOD. For a period of 120 days after the date hereof
Landlord agrees (i) not to list the leased Premises for sale with a broker,
(ii) not to offer the leased premises for sale, and (iii) not to negotiate
with any third party for sale of the leased premises nor enter into any
agreement of sale.
IN WITNESS WHEREOF, the Landlord and the Tenant have hereunto set their
hands the day and year first above written.
LANDLORD:
DELUXE CORPORATION, a Minnesota corporation
By: /s/ Xxx X. Xxxxx
____________________________________
Its: VICE PRESIDENT-GM
________________________________
By: /s/ Xxxxxxx X. Xxxxxxxx
____________________________________
Its: VICE PRESIDENT
________________________________
TENANT:
NORTHSTAR COMPUTER FORMS, INC., a Minnesota
corporation
bY: /S/ Xxxxx Xxxxxxxx
________________________________
Its: CHAIRMAN C.E.O.
____________________________
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EXHIBIT A
T.L. #46356
LEGAL DESCRIPTION
All that part of the Northeast quarter (NE 1/4) of the Southwest quarter (SW
1/4), of Section Eight (8), Township Twenty-nine (29), Range Twenty-three
(23), lying Southeast of the Southeast line of right of way acquired by St.
Croix Falls, Minnesota Improvement Company, except that part thereof lying in
the West 189 feet of said Northeast quarter (NE 1/4) of Southwest quarter (SW
1/4) and except that part thereof lying Easterly of a line described as
follows:
Beginning at the intersection of the north line of right of way of Trunk
Xxxxxxx Xx. 00, and the center line of St. Croix Street; thence running
Northerly on said center line, 140.1 feet; thence reflecting 17 degrees 44
minutes left on said center line, 310.95 feet; thence deflecting 40 degrees 00
minutes left, 50 feet; thence Northwesterly 291.8 feet, more or less, to a
point distant 322.31 feet from the North line of said Northeast quarter (NE
1/4) of Southwest quarter (SW 1/4) measured on said Southeasterly line; and
except part thereof lying East of a Southerly extension of said center line
of St. Croix Street; Subject to Xx. Xxxxx Xxxxxx, Xxxxx Xxxxxxx Xx. 00 xxx
Xxxxxxxx Xxxxxx Power Company's easement, according to the United States
Government Survey thereof.
(Registered Property)
