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(a) Land: The parcel of land more particu-
larly described on Exhibit A (herein the “Par-
cel”);
(b) Improvements: All buildings, struc-
tures, fixtures and improvements erected or lo-
cated on the Parcel, or affixed thereto (herein
the “Improvements”);
* * * * * * *
TO HAVE AND TO HOLD the Demised Premises unto
Lessee, its successors and permitted assigns, upon and
subject to all of the terms, covenants, conditions,
conditional limitations and agreements herein con-
tained, for a term commencing on April 21, 1997 (herein
the “Commencement Date”) and expiring twenty (20) years
later, or until said term is sooner terminated pursuant
to any of the conditional limitations or other provi-
sions hereof (herein the “Primary Term”). For purposes
hereof, the Term “Lease Year” means a period of one
(1) year commencing on the Commencement Date or the
annual anniversary date thereof.
The Lessee shall have the right to extend the
Primary Term for an additional two (2) five (5) year
periods (the “Additional Terms”; the Primary Term and
any Additional Terms, hereafter, the “Term”). The
Lessee must exercise said option to extend in writing
no later than six (6) months prior to the expiration of
the Primary Term or Additional Terms * * *.
2. Title to Demised Premises. The Demised
Premises shall be demised and let by Lessor unto Lessee
free and clear of any and all liens, leases, mortgages,
pledges, security interests, conditional sale agree-
ments, charges, claims, options, and other encumbrances
of any kind or nature whatsoever (collectively “Encum-
brances”), except the following (collectively the
“Permitted Encumbrances”):
(a) Zoning Laws: The provisions of all
applicable zoning laws;
(b) Taxes: The liens of current real estate
and personal property taxes not delinquent; and
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Last modified: May 25, 2011