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~EXAS STANDARD FORIV~
<br />COMMERCIAL LEASE
<br />PARTIES: This Lease agreement made and entered into by and between PnANK ~• ~~- TRUST]8:E
<br />~~ ~ ~ ~~ ~~~ D~Pa~T hereinafter deli ated Lessee,
<br />~~ereinafter designated Lessor, and !m
<br />whereby Lessor leases unto the Lessee the following described property: Lots Mo. 11 and 1T, in Block B1o. 38, of
<br />the 7corrn oP La Porte, in iiarris County, Texas, known as 115 and 117 South Seoond Street,
<br />I,a Porte, Texas.
<br />TERM: For the term of •~ ig~ ~ to begin on the 1st day of ~'~ , 19 78 ,
<br />and ending on the 31st .day of Auyust 19 78 , to be continuously used and occupied during the
<br />term of this lease by the Lessee for no other purpose than ~~ an oti'ice .
<br />RENTAL: Lessee agrees to pay to Lessor, or his designated agent, at such place as he shall designate in the County wherein the
<br />biirte Hundred 900.00 Dollars,
<br />leased land lies, the sum of (~ )
<br />without demand, in monthly installments in advance on the first day of each month during the term as follows: ~ monthly
<br />installwents of $150.00 each, tha first and last months installments paid in advance, and
<br />thereaftesasonthly at 5150.0© per month.
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<br />BROKERS COMMISSION: Lessor agrees to pay to Broker whose name(s) appear below as such, a cash commission for negotiating
<br />this lease, at the time this lease is signed by both Lessor and Lessee, in the sum of___
<br />which sum shall irrevocably vest upon the execution hereof, notwithstanding subsequent defaults. In the event the herein described
<br />property is sold or exchanged by Lessor to Lessee, his successors or assigns during the term of this lease, or within ninety days
<br />after the termination hereof, Lessor agrees to pay Brokers herein a cotmission on the gross sales price of
<br />The Broker(s) herein are hereby granted a lien to secure payment of all commissions due hereunder,. which lien shall be subor-
<br />dinate to rights of the Lessor herein, banks, insurance companies, savings and loan associations, and similar regulated financing insti-
<br />tutions.
<br />REPAIRS: Lessee acknowledges that he has fully inspected the demised premises, and on the basis of such inspection, Lessee hereby
<br />accepts the demised premises, and the buildings and improvements situated thereon, as suitable for the purposes for which same are
<br />leased, in their present condition, with such changes therein as may be caused by reasonable deterioration between the date hereof
<br />and the commencement date of this Lease.
<br />Lessor shall at all times at his sole cost and expense keep the roof, foundation, and exterior walls (excluding all windows
<br />and doors) of the buildings situated on the demised premises in good repair and condition, except that Lessee shall repair any damage
<br />caused by Lessee's negligence or default hereunder. In the event that the building situated upon the demised premises should become
<br />in need of repair required to be made by the Lessor hereunder, Lessee shall give immediate written notice thereof to Lessor, and
<br />Lessor shall proceed promptly to make such repairs.
<br />Lessee shall throughout the term of this Lease take good care of the demised premises including the buildings and other im-
<br />provements located thereon, keep them free from waste or nuisance of any kind, and make all necessary repairs, except those expressly
<br />required to be made by Lessor. At the end or other termination of this Lease, Lessee shall deliver up the demised premises with all
<br />improvements located thereon in good repair and condition, reasonable wear and tear and damage by fire, tornado, or other casualty
<br />only excepted.
<br />ASSIGNMENT: The Lessee shall not assign, sublet, mortgage or pledge this Lease, nor let the whole or any- part of the demised
<br />premises without the Lessor's written consent; nor in any event permit the premises to be occupied for any purpose or business deem-
<br />ed illegal, disreputable, or extra hazardous on account of fire, nor permit anything to be done in or about the demised premises
<br />which will in any way increase the rate of fire insurance on the building or on the property kept therein; and in the event that, by
<br />~ason of acts of the Lessee, there shall be any increase in the rate of insurance on the building or on the contents thereof the
<br />essee hereby agrees to pay such increase.
<br />LAWS: Lessee agrees to comply with all laws, rules and orders of Federal, State and Municipal Governments and all of their de-
<br />partments applicable to the demised premises; and shall comply promptly with the requirements of the Board of Fire Underwriters.
<br />Lessee, at his own expense, will make application for occupancy permit to the municipal authority involved within five (5) days from
<br />date. In the event Lessee is unable to obtain an occupancy permit hereunder for any reason, Lessor, at his option shall be given a
<br />reasonable time to cure any such defects or declare this Lease null and void.
<br />INDEMNITY: Lessee hereby covenants and agrees at all times to indemnify and save harmless the lessor and the demised premises from
<br />and against any cost, liability, or expense arising out of any claims of any person or persons whatsoever by reason of the use or misuse
<br />of the demised premises, parking area, or common facilities by lessee or any person or persons holding under lessee, and shall indemnify
<br />and save harmless the lessor from any penalty, damage, or charge incurred or imposed by reason of any violation of law or ordinance
<br />by lessee or any person or persons holding under lessee, and from any cost, darriage, or expense arising out of the death of or injury to
<br />any person or persons holding under lessee.
<br />ALTERATIONS: The Lessee shall not make any alterations, additions, or improvements to the demised premises without the prior
<br />written consent of the Lessor. All fixtures (including floor coverings), alterations, additions and improvements (except trade fix-
<br />tures) put in at the expense of the Lessee, shall be the property of the Lessor and shall remain upon and be surrendered with the
<br />demised premises as a part .thereof at the termination of this Lease.
<br />~NTRY: The Lessor or his representatives shall have the right to enter the demised premises at all reasonable times to inspect and
<br />amine demised premises and to make alterations, changes, or repairs to the demised premises as are herein required of as Lessor
<br />may deem necessary for the preservation of the demised premises. Lessee shall not be entitled to any abatement or reduction of rent
<br />by reason thereof. During the last thirty (30) days of the term of this Lease or any extension thereof, the Lessor shall have the
<br />right to post "For Lease" and/or "For Sale" signs on the demised premises and during said period the Lessor or his representatives
<br />shall have the right to show the demised premises to prospective tenants or purchaser at all reasonable times.
<br />SIGNS: Lessee shall not place any signs or objects on the roof or any part of the exterior of the building (except on the plate glass
<br />windows) nor place any signs, show cases, displays or fences on the sidewalks, packing lots, driveways or exterior of any building on
<br />the demised premises except as and where first approved in writing by Lessor. Lessee shall remove all signs at the termination of
<br />this Lease. Such installations and removals shall be made in such manner as to avoid injury, defacement or overloading of the build-
<br />ing or other improvements.
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