EXHIBIT 10.51
THIRD AMENDMENT TO GROUND LEASE
THIS THIRD AMENDMENT TO GROUND LEASE ("Third Amendment") is entered into as
of the 31ST day of July, 1998, by and between Xxxxx, Inc., a Mississippi
corporation ("Landlord") and Grand Casinos of Mississippi, Inc. - Biloxi, a
Minnesota corporation ("Tenant").
W I T N E S S E T H
WHEREAS, Landlord and Tenant have entered into that certain Ground Lease
dated as of June 23, 1992 ("Ground Lease") which Ground Lease was amended by the
following instruments: (i) First Amendment to Ground Lease on November 7, 1992;
(ii) Second Amendment to Lease Agreement dated as of February 1, 1993; (iii)
that certain Lessor Estoppel Certificate delivered as of November 30, 1995
(hereinafter collectively referred to as "Amendments"). The Ground Lease and
Amendments are collectively referred to as "the Lease".
WHEREAS, Landlord and Tenant desire to amend the Lease to include a vacated
alley as a part of the lease Premises;
NOW, THEREFORE, in consideration of the foregoing, the parties hereby agree
to Amend the Lease as follows:
1. Article 1.2 - LEASE OF PREMISES; TITLE AND CONDITION of the Lease is
hereby amended to include the property legally described on Exhibit A
attached hereto and made a part hereof as a part of the Premises. The
remaining provisions of Article 1.2 remain unchanged.
2. Terms which are capitalized in this Third Amendment shall be defined
terms and have the meaning ascribed in the Lease.
3. All other terms and conditions of the Lease shall remain unchanged and
in full force and effect.
[The remainder of this page has been left blank intentionally.]
IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to
be executed as of the date first above written.
LANDLORD
ATTEST: XXXXX, INC., a Mississippi corporation
By: /s/ Xxxxxx Xxxxx
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Its: President
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TENANT
ATTEST: GRAND CASINOS OF MISSISSIPPI, INC. - BILOXI, a
Minnesota corporation
By: /s/ Xxxxxxx Xxxx
---------------------- -------------------------------
Its: Executive Vice President
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2
STATE OF MISSISSIPPI
COUNTY OF XXXXXXXX
Personally appeared before me, the undersigned authority in and for said
County and State on this 22 day of July, 1998, within my jurisdiction, the
within named XXXXXX XXXXX, who acknowledged that he is the PRESIDENT of Xxxxx,
Inc., a Mississippi corporation, and that for and on behalf of said corporation
and as its act and deed, he executed the above and foregoing instrument, after
first having been duly authorized by said corporation so to do.
/s/ Xxxxx Xxxxx
-----------------------------
Notary Public
My commission expires: October 9, 0000
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XXXXX XX XXXXXXXXX )
) ss.
COUNTY OF HENNEPIN )
Personally appeared before me, the undersigned authority in and for the
said County and State, on this 31ST day of July, 1998, within my jurisdiction,
the within named XXXXXXX X. XXXX, who acknowledged that he is the EXECUTIVE VICE
PRESIDENT of Grand Casinos of Mississippi, Inc. - Biloxi, a Minnesota
corporation, and that for and on behalf of said corporation, and as its act and
deed, he executed the above and foregoing instrument after first having been
duly authorized by said corporation so to do.
/s/ Xxxxxx Xxxxxxxxx
-----------------------------
Notary Public
My commission expires: Jan. 31, 2000
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3
EXHIBIT A
All that part of vacated and abandoned Maple Street lying north of the
south right-of-way line of U.S. Highway 90 and south of the south line of First
Street being that portion of Maple Street vacated pursuant to Resolution No.
601-96 of the City of Biloxi, and also known as Parcel No. 1410I-02-032.001,
located in Xxxxxxx 00, Xxxxxxxx 0 Xxxxx, Xxxxx 0 Xxxx, Xxxx of Biloxi, Second
Judicial District of Xxxxxxxx County, Mississippi.
________________
ADDRESS OF LESSOR: c/o Page, Xxxxxxx, Peresich Xxxxxxxxx & XxXxxxxxx
P. O. Xxxxxx 000
Xxxxxx, XX 00000
TELEPHONE: (000) 000-0000
ADDRESS OF LESSEE: x/x Xxxxxx Xxxxxxx Xxxxxx & Brand
0000 Xxxxxxxxx Xxxxxx
00 Xxxxx Xxxxxxx Xx.
Xxxxxxxxxxx, XX 00000-0000
TELEPHONE: (000) 000-0000
DOCUMENT PREPARED BY: Xxxxxx Xxxxxxx Xxxxxx & Brand
0000 Xxxxxxxxx Xxxxxx
00 Xxxxx Xxxxxxx Xx.
Xxxxxxxxxxx, XX 00000-0000
TELEPHONE: (000) 000-0000
INDEXING INSTRUCTIONS: Index in Block 1 and in Block 2
Summerville Addition to Biloxi
Xxxxxxxx County, MS, 2nd District
AFTER RECORDING, RETURN TO: Xxxxxxx & Xxxxxx, PLLC
P. O. Xxx 000
Xxxxxx, XX 00000
