GENERAL COMMERCIAL LEASE
5. X. XXXXXXX REALTY CO
XXXXXXXXXXX XXXXXX
X. X. XXX 0000
XXXXXXX, XXXXXXXX 00000-0000
THIS LEASE, Made this 21st day of February, 1996, by and between
Starch Realty, Inc. (herein called "Landlord"), and Xxxxxxxx'x Foods, Inc.
(herein called "Tenant"), and 5. L Xxxxxxx Realty Co. (herein called
"Agent")
W I T N E S S E T H:
1. PREMISES. Landlord leases and demises to Tenant and Tenant
takes and leases from Landlord the following building (hereinafter called
"demised premises"): Approximately 12,147 square feet of "dry" warehouse
space, approximately 4,450 square feet of refrigerated space, and minimal
office space and access to restrooms at the north end of the approximately
68,060 square foot warehouse building located at 000 Xxxxx Xxxxxx, Xxxxxxx,
Xxxxxxxx 00000. The demised premises is highlighted in yellow ink on a
floor plan of the entire subject building, which is labeled Exhibit A and
is attached hereto and made part of this General Commercial Lease.
2. TERM. The initial term of this lease shall be for one year
and shall commence on February 22, 1996 and end on February 28, 1997. (See
lease paragraph #46 - Lease Renewal Option).
3. PURPOSE. The demised premises shall be used for the purpose
of a warehousing and distribution of dry, refrigerated and frozen
institutional food products and related services and activities, and for no
other purpose whatsoever.
4. RENT REAL ESTATE TAXES, AND WAIVER OF HOMESTEAD EXEMPTION.
(a) Landlord reserves, and Tenant covenants to pay to Landlord, in advance
on the first day of each month during the term, without demand therefor
being made and without offset, rent as follows:
$5,600.00 per month. (See paragraphs #46 and 447 herein).
(b) Landlord covenants that it will pay, when due, all real estate taxes
and assessments imposed against the demised premises. (See lease paragraph
#47 herein).
(c) Tenant waives his homestead exemption as to his obligations arising
under this lease.
5. PAYMENT OF RENT. Tenant covenants to pay said rent to
Landlord's Agent, made payable to X. X. Xxxxxxx Realty Co. in the manner
above appointed, at the office Agent, X.X. Xxxxxx 0000 Xxxxxxx, Xxxxxxxx
00000, or at such other place as Landlord or Agent may from time to time
designate in writing.
6. LATE PAYMENTS. Tenant agrees to pay to agent a late charge
of $150 for any monthly installment paid after the tenth day of the
applicable month ($500 if after the fifteenth day)and Tenant is also to pay
interest at the rate of 12% per annum payable monthly, on all rents due
Landlord under this lease from the time said rents accrue or become due
Landlord; Landlord expressly reserving all other rights and remedies
provided herein and/or by law in respect thereto. Tenant further agrees to
pay (or to reimburse Landlord promptly if Landlord elects to pay) any and
all attorney's fees and court costs incurred in connection with the
collection of delinquent rent due Landlord under this lease. The late
charge and interest accrual will apply ten (10) days after written
notification of late payment has been made to the Tenant by the Landlord
unless payment is received within that ten (10) days.
7. ASSIGNMENT. Tenant covenants that the demised premises
shall be used only for the purpose above mentioned, and that Tenant will
not assign this lease or sublet the demised premises or any part thereof;
nor permit any other person to occupy same, without the prior written
consent of Landlord. Landlord shall have the option of terminating this
lease, or of considering such person, firm or Corporation in possession as
the assignee of tenant and, therefore, obligated to observe and perform all
the covenants, provisions and conditions herein contained binding upon
Tenant.
8. REMEDIES FOR DEFAULT. Tenant covenants that if the demised
premises at any time are deserted, abandoned or closed, or if Tenant
defaults for a period often (10) days in paying any installment of rent
when due or in performing any covenant, provision or condition herein
contained binding upon Tenant, Landlord shall have, in addition to all
other rights and remedies provided by law, the right, after ten (10) days
written notice to Tenant, to enter and take possession of the demised
premises, peaceably or by force, and to terminate this lease; and Landlord
may relet the demised premises, in whole or in part, in one or more leases,
for the unexpired portion of the term, or any part thereof, and receive the
rent therefor and apply it on the rent and other charges due hereunder, the
rate and term of such reletting to be such as Landlord deems expedient, and
Landlord's action shall be final and binding upon Tenant, and Tenant agrees
to pay promptly to Landlord on demand, at one time or from time to time,
any difference between the rent and other charges payable hereunder and any
small amounts collected by Landlord from the tenant or tenants to whom the
demised premises may be relet as aforesaid. If Tenant goes into bankruptcy,
voluntary or involuntary, or into receivership, or makes a general
assignment for the benefit of creditors. Landlord shall have the right to
terminate this lease at such time thereafter as Landlord may elect and in
any such event and/or election Landlord shall have all the rights and/or
remedies provided by law and/or by this lease.
9. TENANT'S FURNITURE AND FIXTURES. [deleted]
10. INSURANCE. Landlord shall obtain and keep in force during
the term of this lease a policy or policies of insurance covering loss or
damage to the premises (other than improvements made by Tenant), providing
protection against all perils included within the classification of fire
End extended coverage. (See lease paragraph #47 herein).
11. UTILITY BILLS. Tenant covenants to pay promptly for all
gas, water, electricity, sewage disposal, Storm water management program,
and other utilities used in the demised premises during the terms of this
lease. Tenant shall be solely responsible for its telephone service at the
demised premises and shall pay 1 5% of all other utilities (stated above)
at the building that the demised premises is part of. This payment is
subject to the attached letter between Starch Realty, Inc. and Xxxxxxxx'x
Foods, Inc., which will be attached hereto as Exhibit B.
12. LANDLORD'S REPAIRS AND) RIGHT OF ENTRY. Landlord covenants
that it will, at its own cost and expense and with reasonable dispatch
after being notified in writing by Tenant of the need therefor, make such
repairs to the demised premises (including the roof; gutters, downspout,
walls, parking lot, pipes, conduit, wires and other appurtenances of the
building including all water, gas, and waste pipes and fixtures appurtenant
thereto, fire protection system and the refrigeration system supporting the
coolers and freezers), as may be necessary to keep the same in good
condition of repair; provided, however, that (i) if the need for such
repair is occasioned by a casualty resulting from the negligence or wilful
act of Tenant, or any of his agents, employees or contractors, and (ii) if
such casualty shall not be within the coverage of a standard fire insurance
policy with extended coverage, then such repairs shall likewise be made by
Landlord but shall be charged to and be paid for by Tenant. Anything in the
foregoing to the contrary notwithstanding, Landlord shall have no liability
whatsoever for damage or injury to person or property occasioned by its
failure to make any such repair (e.g., injury or damage to property
resulting from leaks caused by a defect in the roof, outside walls, gutters
and/or downspout) unless, within a reasonable time after being notified in
writing by Tenant of the need therefor, Landlord shall have failed to make
such repair and such failure shall not have been due to any cause beyond
Landlord's control, including, without limitation, strikes and/or inability
to obtain material and/or equipment. Landlord, its agents, employees and
contractors, shall have the unobstructed right, from time to time, to enter
the demised premises for the purpose of making any of the aforesaid
repairs. Tenant shall not be entitled to any reduction in rent or to any
claim for damages by reason of any inconvenience, annoyance, and/or injury
to business arising out of any repairs made by Landlord pursuant to this
paragraph.
13. REPAIRS BY TENANT. During the term of this lease Tenant
covenants, at Tenant's cost and expense: (i) to unstop promptly all choked
waste pipes and toilets, (iii) to keep all flues clean, (iv) to replace all
broken glass and doors (both interior an exterior) promptly, (v) to
[deleted] (vi) to keep all other parts of the demised premises (excepting
those which Landlord has agreed herein to repair) in good order and
condition, ordinary wear and tear excepted.
14. INSECTS AND) RODENTS. Tenant covenants to do and to pay for
those things reasonably necessary, or required by law, to keep the demised
premises free of roaches, rodents, insects and other pests, and Tenant
agrees that Landlord shall not be liable for any damage caused by termites,
which treatment if termites are found, shall be the expense of the
Landlord. Repairs needed as a result of structural damage as a result of
termite infestation shall be the responsibility of Landlord.
15. DAMAGE BY VANDALS. Tenant covenants that if the exterior
and/or the interior of the building in which the demised premises are
located are damaged by persons breaking, or attempting to break, into the
demised premises, or by vandals, the cost of repairing any and all damage
to the demised premises and said building caused thereby over and above any
insurance proceeds received by Landlord in respect thereto will be borne by
Tenant and promptly paid by Tenant to Landlord.
16. SIGNS. Tenant covenants not to paint or place (nor permit
to be painted or placed) any sign or other advertising device, xxxx or
billboard upon or about the demised premises (or the exterior of the
building in which the demised premises are located), or any part thereof;
without the prior written permission of Landlord. Tenant is granted
permission, at Tenant's sole cost, to place "Xxxxxxxx'x Foods" signage on
the outside of the demised premises over the receiving overhead doors. At
Landlord's option, said signage shall be removed by Tenant at the end of
the lease term.
17. NUISANCE. Tenant covenants not to allow the demised
premises to be used for any illegal or immoral purpose, and not to do (or
suffer to be done) in or about the demised premises any act or thing which
may be a nuisance, annoyance, inconvenience or damage to Landlord,
Landlord's other tenants, the occupants of adjoining property, or the
neighborhood
18. NO ALTERATIONS. Tenant covenants not to paint the demised
premises or any part thereof; nor to make (or suffer to be made) any waste
thereof or alternations or improvements therein or thereto, not to place
any covering over any wooden floor, without prior written permission of
Landlord.
19. CARE OF ROOF. Tenant covenants: (i) not to place (or suffer
to be placed) any debris on the roof of the building in which the demised
premises are located, (ii) not to cut into or drive nails into or otherwise
mutilate said roof, (iii) to keep the gutters and downspout free to trash
leaves and gravel, and to make no use of the roof without Landlord's prior
written consent. Tenant is granted access to the roof of the demised
premises for the servicing of mechanical equipment.
20. COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Tenant agrees
that Tenant has received and will keep, at Tenant's expense, the demised
premises and all appurtenances, thereto, including all yards, alleys and
sidewalks, in good, safe, tenantable and sanitary condition; that Tenant
will, at Tenant's expense, promptly remove all snow and/or debris whether
same is left on the property by Tenant or others (Landlord and Agent
excepted); that Tenant will, at Tenant's expense, promptly comply with the
carry out all laws, ordinances, rules, regulations and requirements
(including zoning) of the federal, state, municipal and county governments,
relating to the demised premises and/or the business conducted therein; and
that Tenant will indemnify Landlord against any and an liability for damage
to person and property caused by the breach of any covenant or agreement of
Tenant contained in this lease. Tenant recognizes that neither Landlord nor
Agency makes any representation, express or implied, that the demised
premises are zoned for the use(s) contemplated by Tenant and expressed in
paragraph 3 of this lease. Tenant being satisfied before executing and
delivering this lease that the demised premises can be used for such
purpose(s), and Tenant shall not have the right to terminate this lease,
nor shall Tenant be entitled to any abatement of rent payable under the
provisions of this lease or any claim for damages, in the event Tenant
cannot use the demise premises, in whole or in part, for the purpose(s) for
which Tenant intends to use same unless the demised premises are re-zoned
during the effective period of this lease. In this case, the Tenant is
entitled to the right to terminate this lease and the Tenant shall be
entitled to any abatement of rent payable under the provisions of this
lease.
21. FAILURE TO REPAIR. Tenant agrees that if Tenant fails to
make any repair or to remove any debris as required in this lease, within
five (5) days after the receipt of written notice from Landlord in respect
thereto, such may be undertaken by Landlord, and Tenant agrees to reimburse
Landlord promptly for the cost thereof.
22. CONDITION ON TERMINATION. Upon the termination of this
lease, Tenant covenants to deliver to Landlord the demised premises and all
appurtenances thereto, peaceably and quietly, in as good order and
condition as same now are or may hereafter be put by Landlord or Tenant,
ordinary wear and tear and damage from fire or other casualty not
occasioned by the fault or negligence of Tenant, Tenant's agents,
employees, and independent contractors, excepted. The parties agree to
perform a condition survey of the premises within 30 days of Tenant's
occupancy of the property.
23. IMPROVEMENTS BECOME LANDLORD'S PROPERTY. Tenant agrees that
all additions and improvements and attached equipment installed in or on
the demised premises by Tenant, including but not being limited to electric
wiring, electric fixture, show window reflectors, screens, screen doors,
awnings, awning frames, floor coverings, furnaces and air-conditioning
machinery and equipment, shall immediately become the property of Landlord
and shall not be removed by Tenant at the termination of this lease, unless
requested so to do by Landlord, iii which event Tenant agrees to do so and
to repair promptly any damage caused by such removal. It is agreed that any
racking installed iii the premises by the Tenant can be removed by the
Tenant at any time during or at termination of this lease.
24. DAMAGE BY FIRE. It is agreed that if the demised premises,
or the building or buildings of which the demised premises are a part, or
any portion thereof, or any improvements now or hereafter constructed
thereon or added thereto, shall be damaged by fire or other casualty, so as
to render same or any portion thereof; in the opinion of Landlord,
untenantable, Landlord or Tenant shall have the right, at any time within
ninety (90) days after said fire, to cancel and terminate this lease, by
giving to the other party, within said ninety (90) day period written
notice of its intention 50 to do. If this lease is so terminated, rent
shall xxxxx from the time of such casualty. If the lease is not so
terminated, the demised premises shall be restored, with reasonable
dispatch, by and at the expense of Landlord, and the rent due hereunder
shall be proportionately abated, according to the loss of use, until the
demised premises are substantially restored.
25. CONDEMNATION. If any portion of the demise premises shall
be taken by the exercise of the power of eminent domain (or sold to the
holder of such power pursuant to a threatened taking) this lease shall
terminate upon such taking or when such sale is completed. Tenant shall
not be entitled to any part of the condemnation award or purchase price and
Tenant expressly waives any and all rights thereto.
26. LIABILITY OF LANDLORD. It is agreed that any way for any
damage to person or property sustained term of this lease, howsoever the
same may be caused, unless Landlord fails to make repair which he has
agreed notified in Writing by Tenant of the need therefor.
27. INSURANCE BY TENANT. Tenant agrees to hold Landlord and
Agent harmless from any and all injury or damage to person or property in,
on or al:'out the demised walks, driveways, parking area and delivery areas
as adjoin the demised premises, including, without limitation, all costs,
expenses, claims or suits arising in connection therewith. To that end
Tenant will, at all times during the term, at Tenant's own cost and
expense, carry with a company or companies satisfactory to Landlord, public
liability insurance on the demised premises (including said entry ways,
sidewalks, driveways, parking, and delivery areas) with limits of not less
than $1,000,000 each occurrence and $2,000,000 aggregate and $50,000 fire
damage legal liability, which insurance shall be written or endorsed so as
to name Landlord, Agent and Tenant. Said policy or policies shall contain
a provision insuring Tenant against all liability which Tenant might have
under this hold-harmless provision. Certificates of all such insurance
policies shall be delivered to Landlord promptly after their issuance. In
the event of Tenant's failure to provide such insurance, Landlord may, but
shall not be required to, obtain such insurance and collect the cost
thereof as a part of the rent herein reserved. Starch Realty, Inc. shall be
named as additional insured. Flammable cleaning products shall bo stored in
accordance with OSHA guidelines.
28. NO SUBROGATION. All fire insurance, extended coverage, and
policies relating to other casualties, carded by any party to this lease
covering the demised premises and/or the contents thereof; shall expressly
waive any right on the part of the insurer against any other party to this
lease, which right, to the extent not prohibited or violative of any such
policy, is hereby expressly waived. The parties to this lease agree that
their policies will include such waiver clause or endorsement so long as
the same shall be obtainable without extra cost, or if extra cost shall be
charged therefor, so long as the party or parties in whose favor such
waiver clause or endorsement runs pays such extra cost. If extra cost shall
be chargeable therefor, each party shall advise the others of the amount of
the extra cost, and the other party or parties, at its or their election,
may pay the same, but shall not be obligated so to do.
29. OCCUPANCY. If Tenant is unable to obtain possession of the
demised premises at the beginning of the term hereof due to any act or
condition beyond Landlord's control, such as the failure of the prior
tenant to vacate the demised premises, Landlord shall not be liable for any
loss or damage resulting therefrom and this lease shall not be affected
thereby in any way, but the rent payable hereunder shall be proportionately
abated until the premises are available for occupancy by Tenant; provided,
however, that if the demised premises are not available for Tenant's
occupancy within sixty (60) days after the beginning of the term, Tenant
may terminate this lease by giving Landlord written notice thereof within
ten (10) days after the lapse of said sixty (60) day period.
30. NO LIABILITY OF AGENT Tenant agrees that Agent shall not be
personally liable to Tenant in any way hereunder, including lack of
authority to act as Landlord's agent, any and all such liability being
hereby quit-claimed and waived by Tenant, except for Agent's wilful
misfeasance.
31. NO WAIVERS. Tenant agrees that any failure of Landlord to
insist upon strict observance of any covenant, provision or condition of
this lease in any one or more instances shall not constitute or be deemed
a waiver, at that time or thereafter, of such or any other covenant,
provision or condition of this lease.
32. ENTRY BY LANDLORD. Tenant agrees that Landlord may, from
time to time, enter to view the demised premises and to show the same to
prospective buyers or tenants. Landlord may also make repairs, alterations
and improvements in and to the demised premises and in and to any portion
of property of which the demised premises are a part of which adjoin the
same, and for that purpose Landlord, and Landlord's employees, agents, and
independent contractors, may enter the demised premises, and move
furniture, showcases, floor coverings and fixtures as may be necessary,
without liability for damages resulting therefrom; but nothing herein
contained shall be construed to require Landlord to make any repairs,
alterations or improvements.
33. NO PAROL REPRESENTATION. Tenant hereby declares that: (i)
no representation has been made to Tenant concerning the condition of the
demised premises, (ii) Tenant has been afforded full access to and has
inspected and examined the demised premises and is renting the same in
reliance upon Tenant's own knowledge and information, and (iii) Tenant has
been informed that Landlord is not obligated to make any repairs to the
demised premises during the term, except such, if any, as are specified in
this lease, and (iv) no negotiations respecting repairs, such as talking
about repairs or securing estimates for such repairs, shall in any way
obligate Landlord to make the repairs or obligate Landlord for any damage
for failure to make the same.
34. NO PAROL CHANGES. It is agreed that no change shall be made
in this lease, except in writing signed by the parties hereto, setting
forth the terms of the agreed modification.
35. FOR RENT AND FOR SALE SIGNS. It is agreed that Landlord
and/or Agent shall have the right to put and maintain "FOR RENT" and "FOR
SALE" signs in the display windows and on other portions of the demised
premises, in conspicuous places, during the period of three (3) months next
preceding the end of the term.
36. NOTICE. Any notice to be given to Landlord as herein
provided shall be deemed to be given when duly posted in t. S. registered
or certified mail addressed to Landlord, in care of Agent, P. 0. Xxx 0000,
Xxxxxxx, Xxxxxxxx 00000, with a copy to Landlord at 000 Xxxxxx Xxxxx, Xxxxx
000, Xxxxxxxx Xxxxx, Xxxxxxxx 00000, Attention: Xxxxxx Xxxxxx and any
notice to be given when duly posted in U 5. registered or certified mail
addressed to Tenant at 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000, Attention:
Xx. Xxxx Xxxxxxx Either Landlord or Tenant may change the place designated
for the giving of such notice by written notice duly and timely given to
the other.
37. CONTRACT OF LANDLORD WITH AGENT-MANAGEMENT AND SALE TO
Tenant. (a) for the services rendered by Agent in procuring this lease,
Landlord agrees to pay Agent commissions equal to 7% of the rent during the
initial term and on all renewals or extensions, and on increased leased
area or options, payable as and when said rents are collected, but said
commissions shall not be less that $25 per month. in the event Tenant fails
to exercise option and lease terminates, Landlord shall not renegotiate
this lease without Agent participating in negotiations and being paid a
commission on the renegotiated lease and on the extensions, renewals, and
additional options as may be renegotiated. If Landlord releases Tenant from
this lease without the prior written consent of Agent, Landlord will
forthwith pay to Agent a sum equal to 7% of the fixed rents which would
thereafter be due and payable to Landlord if this lease were to remain in
effect. For purposes of the preceding sentence, if any part of the demise
premises is acquired pursuant to the power of eminent domain or by purchase
under threat thereof, such acquisition shall be deemed to be a release, pro
tanto, by Landlord, of Tenant, from this lease. It is further understood
and agreed that no sale or other disposition of the demised premises, or
any interest therein, shall be made by Landlord or any party claiming
through Landlord, except subject to Agent's rights hereunder, and any
purchaser or transferee of the demised premises, or of any interest
therein, shall be deemed 10 have assumed all of Landlord's obligations
under this paragraph and expressly required by Landlord to so do. The
obligations of Landlord set forth in this paragraph shall be deemed a
continuing lien or charge upon the interest of Landlord (and any transferee
of such interest) in the demised premises and upon any and all funds of
Landlord (or any party claiming through Landlord) held by Agent.
(b) Landlord agrees that if; during or within 365 days after the
termination of the term, Landlord sells the demised premises, or any part
thereof, to Tenant, or to any member of Tenant's family, or to any person,
firm or corporation in which Tenant is interested as a stockholder,
director, officer, partner, owner or employee, Landlord will treat said
sale as if Agent had been the exclusive agent in making said sale and will
pay to Agent a commission equal to 5% of the selling price.
38. LIMITED EXCLUSIVE TO SELL. [deleted]
39. HEIRS AND EXECUTORS BOUND. All the provisions, conditions
and agreements of this lease shall be binding upon an inure to the benefit
of the heirs, executors, administrators, successors and assigns of Landlord
and Tenant.
40. MARGINAL HEADINGS. The headings appearing on the margin of
this lease are intended only for convenience of reference, and are not to
be considered in construing this instrument.
41. EXECUTION. This lease is not binding on Landlord until it
is signed, and delivered by or on behalf of Landlord.
42. ENVIRONMENTAL RESPONSIBILITIES Tenant agrees to prevent
environmental pollution of the demised premises and adjoining property, and
to take full legal and financial responsibility for any such pollution (and
its clean up) caused by Tenant, or Tenant's use of the property. Tenant
further agrees to:
A. Establish, enforce and maintain environmental cleanliness
policies to be observed by Tenant and Tenant's employees, associates,
subcontractors, etc.
B. Prevent the disposal of any toxic wastes into the city sewer
systems.
C. Allow Landlord, from time to time, to enter the premises
during normal business hours to observe Tenant's compliance with the above
language.
43. SECURITY DEPOSIT. Tenant shall deposit with Landlord upon
execution hereof; Five Thousand Six Hundred Dollars ($5,600.00) as security
for the faithful performance of Tenant's obligations hereunder. Tenant
hereby agrees that his security deposit will not be applied to rent due
under this lease or to the last month's rent and that the conditions under
which Landlord will hold (and be obligated subsequently to return within 30
days of the end of the lease term) the security deposit are as follows:
A. Full term of lease has expired.
B. Tenant does vacate the premises at the termination of lease
and return keys thereto.
C. Premises, inside and out, are left in "xxxxx xxxx" condition
and undamaged (except ordinary wear and tear).
D. That there are no unpaid late charges, delinquent rent,
court costs or attorneys' fees or other monies owed by Tenant to Landlord.
44. QUIET ENJOYMENT. Landlord hereby covenants that Tenant,
upon fully complying with and promptly performing all the terms, covenants
and conditions of this lease, on its part to be performed, and further,
upon the prompt and timely payment of all rental sums due hereinunder,
shall have and quietly enjoy the Premises of the Lease Term set forth
herein, including all renewal options.
45. LANDLORD'S CONSENT TO TENANT'S ALTERATIONS. Landlord
agrees, that Xxxxxxxx'x Foods, The. may complete the following alterations
to the demised premises; at Tenant's expense:
A. Seal the opening between the 12,147 square foot "dry" space
within the demised premises and the adjacent 6,765 square foot "dry" space
by constructing a cinder block wall in the existing opening, or by
installing fencing to prevent access between the two spaces. At Landlord's
option, said block wall or fencing shall be removed by Tenant at the end of
the lease term.
B. Install a door in the north wall of the freezer, giving
Tenant access to the freezer. The freezer door shall be locked at all times
Tenant has no employees in the building. At Landlord's option, said door
shall be removed and the opening in the freezer wall sealed at the end of
the lease term.
C. Have a fence installed within the freezer, separating
Tenant's freezer space from the remainder of the freezer. At Landlord's
option, said fence shall be removed by Tenant at the end of the lease term.
46. LEASE RENEWAL OPTION. If Tenant has promptly and completely
fulfilled all of its obligations under this Lease, is not in default in any
way under this Lease, and is in possession of the Leased Property, it shall
be granted the option to renew this Lease for four one-year renewal option
terms immediately following the initial Lease term, under the same terms
and conditions as during the initial Lease term, except that the rent shall
be:
1/97 - 2/28/92 - $5,824.00 per month.
3/1/98 - 2/28/99 - $6,056.96 per month.
3/1/99 - 2/29/00 . $6,299.24 per month.
3/1/00 - 2/28/01 $6,551.21 per month.
Tenant shall give written notice to Landlord and Agent of its
intention to renew not later than 90 days prior to the end of the
then-current Lease term; otherwise, this option to renew shall
automatically terminate. Tenant has the right to terminate this lease,
without cost or penalty, upon 90 days written notice to Landlord, at any
time during any renewal option year.
47. TENANT'S CONTRIBUTION TO REAL ESTATE TAXES AND LANDLORD'S
INSURANCE. In addition to the (base) rents specified in lease paragraphs
#4 and #46 herein, Tenant agrees to pay $400 per month toward real estate
taxes and Landlord's insurance, during lease year one. Tenant's
contribution toward real estate taxes and Landlord's insurance shall be
increased in each subsequent lease year by the percentage increase in said
taxes or insurance that Landlord incurs.
IN WITNESS WHEREOF each corporate party hereto has caused this lease
to be executed in its name and behalf by its President, or one of its Vice
President; each individual party hereto has hereunto set his hand and seal;
and each partnership party hereto has caused this lease to be executed in
its name and behalf by at least one of its general partners, and in a
manner authorized by the partnership agreement.
LANDLORD: STARCH REALTY, INC.
By: XXX XXXXXXX
(Signature)
Authorized Agent
TENANT: XXXXXXXX'X FOODS, INC.
By: XXXXXX X. XXXXXX
(Signature)
President
AGENT: X.X. XXXXXXX REALTY CO.
By: XXXXXXX XXXXX
Authorized Agent
Exhibit A
Floor Plan
-----------
Omitted.
Exhibit B
Letter Re Utility Charges
-------------------------
STARCH REALTY, INC
21 February 1996
Xx. Xxxx Xxxxxxx
Xxxxxxxx'x Foods
X.X. Xxx 0000
Xxxxxxxxxx, XX 00000
Dear Xxxx,
As to your share of the electric xxxx, we have asked Xxxxx Xxxx to settle
the division of the cost between you and Xxxxxx-Xxxxxx.
He will need the bills for several months to adequately judge the division,
maybe up until July, 1996. In the meanwhile you will pay 15% of the cost.
Sincerely,
Xxx Xxxxxxx
