O-1965-731 - Laserfiche WebLink

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-I. , ".... . .......,.. ~ . . '-. : e e -6- LESSOR the 'sum of Ninety-nine Thousand Nine Hundred Forty-two Dollars ($99~942.00)~ which shall be payable in monthly install- ments as follows: The sum of Fou~ Hundred Sixteen Dollars and Forty-three Cents ($416.43) shall be paid in cash upon execution, of this lease; The sum of Four Hundred Sixteen Dollars and Forty-three Cents ($416.43) shall be paid monthly in advance~ on the 1st day of February~ 1966~ and thereafter on the first day of each and every succeeding calendar month~ through and including a monthly installment which shall be due and payable on or before the 1st day of December~ 1985~ each of which said monthly installments herein shall be in the sum of Four Hundred Sixteen Dollars and Forty-three Cents ($416.43). In the event of the exercise by LESSEE of any of the options he~ein provided~ the annual rental may be payable in monthly installments as determined by apportionment of the annual rental as provided for in Paragraph III and Paragraph VIII hereof~ a.t LESSEE'S option. X. Failure to pay anyone or more installments of rent when due, or within ten (10) days after the same shall become due~ shall terminate this lease~ at the option of the LESSOR. XI. LESSEE shall have the right to sell or assign this lease, or to sub-let the leased premises~ or any part thereof, provided that LESS~E shall remain liable and responsible to LESSOR for the payment of all rentals to become due under this lease, and for the'performance of all of the terms~ conditions and agreements herein contained. XII. LESSEE shall have the further right to erect any and all buildings and structures on that portion of the airfield hereinabove described as may be necessary for the conduct of its business, provided that such buildings and structures do not interfere with the operation of the field.