Common Contracts
1 similar Proprietary Lease contracts
PROPRIETARY LEASEProprietary Lease • August 9th, 2012
Lessor, in consideration of the rents and covenants herein contained, does hereby lease to Lessee Lot No. at Yankee Park according to the sketch, Exhibit 1 of the Plan, of the real estate owned by Lessor in Lagrange County, Indiana, which sketch is incorporated herein by reference, to have and to hold unto said Lessee for a term of 99 years, beginning on April 15, 1995, renewable at the option of Lessee for such additional 99 year terms as Lessee may determine, and in consideration therefore Lessee does agree to make the payments as hereinafter set forth with interest of as set forth in the Plan of Cooperative Organization upon any payment after the same becomes due, and with attorney fees in the event of default in payment or otherwise. All sums due from Lessee hereunder shall be payable without relief from valuation or appraisal laws at the office of the Lessor or at such other place as designated in writing by the lessor. Time is of the essence.
