Derivations. A portion of the above described property was heretofore conveyed to First National Bank of Spartanburg, Div. of First National Bank of the South by deed of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ recorded on February 8, 2005 in Deed Book 82-G, at Page 702, aforesaid records. Tax Map Number: 7-12-07-158.00 A portion of the above described property was heretofore conveyed to First National Bank of the South by deed of ▇▇▇▇▇ ▇. ▇▇▇▇▇ recorded October 13, 2005 in Deed Book 84-D, at Page 524, aforesaid records. Tax Map Number: 7-12-07-161.00 A portion of the above described property was heretofore conveyed to First National Bank of the South by deeds recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 72-G at Page 464; Deed Book 72-G at Page 465; and Deed Book 72-G at Page 466. Tax Map Numbers: P/O 7-12-07-147.00; P/O 7-12-07-147.01 and also 7-12-07-157.00 A portion of the above described property was heretofore conveyed to FIRST NATIONAL BANK OF SPARTANBURG by deed of HBJ PROPERTIES, A SOUTH CAROLINA GENERAL PARTNERSHIP, dated February 22, 2000, recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 71-N, at Page 609. Tax Map Number: 7-12-07-168.00 A portion of the above described property was heretofore conveyed to First National Bank of Spartanburg by deed recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 83-G at Page 402. Portions of the above described property was heretofore conveyed to First National Bank of Spartanburg by Road Closure Order recorded in Deed Book 72-F at Page 624.) Tax Map Number: 7-12-07-156.00 A portion of the above described property was heretofore conveyed to First National Bank of Spartanburg by deed recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 84-E at Page 180. Portions of the above described property was heretofore conveyed to First National Bank of Spartanburg by Road Closure Order recorded in Deed Book 84-P at Page 302.) Tax Map Numbers: 7-12-7-153.00 and 7-12-7-154.00 ALSO: ALL that lot, piece or parcel of land located in the State of South Carolina, County of Spartanburg, at Boiling Springs, located at the northeastern quadrant of the intersection of Boiling Springs Road (S. C. Highway No. 9) and ▇▇▇▇▇ Avenue, containing 0.946 acres, more or less, and being more particularly shown on plat of survey made for First National Bank of Spartanburg dated August 15, 2000 by ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, P.L.S., Surveyor, recorded December 27, 2000 in Plat Book 149, at Page 360 in the Office of the Register of Deeds for Spartanburg County, S. C. See also “ALTA / ACSM Land Title Survey” prepared for First National Holdings, LLC by ▇▇▇ ▇. ▇▇▇▇▇▇▇, P.L.S., South Carolina Reg. No. 16501 of Site Design, Inc., dated November 7, 2006, last revised on February 8, 2007 (the “Survey”) showing said parcel as having the following metes and bounds, to-wit: Commencing at an iron pin old 3/4” open lop located on the right of way of Boiling Springs Road (SC Hwy 9) (45’ R/W from C/L) as shown on said Survey and being the Point of Beginning (POB). From said POB, thence along the Boiling Springs Road right of way the following three calls: N. 32-57-13 W. 93.14 feet to IPS 5/8” rebar, N. 33-39-21 W. 84.29 feet to IPS 5/8” rebar, N. 07-29-08 E. 11.91 feet to IPS 5/8” rebar; thence along the 40’ right of way of ▇▇▇▇▇ Avenue the following two calls: N. 49-22-15 E. 172.49 feet to Mag Nail Set, N. 49-24-00 E. 44.51 feet to IPS; thence leaving said right of way and running S. 33-18-35 E. 184.79 feet to IPO 1/2” rebar; thence S. 49-09-22 W. 21.53 feet to IPO 1/2” rebar; thence S. 49-13-08 W. 203.46 feet to IPO 3/4” open top and POB, and containing 41,214 square feet, 0.95 acres, more or less. This being the same property heretofore conveyed to FIRST NATIONAL BANK OF SPARTANBURG by deed of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ dated December 21, 2000, recorded December 27, 2000 in Deed Book 73-D, at Page 422, aforesaid records. Tax Map Number: 2-44-10-053.00 Property Address: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇; ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ THESE BEING THE SAME PROPERTIES HERETOFORE CONVEYED TO FIRST NATIONAL HOLDINGS, LLC, A SOUTH CAROLINA LIMITED LIABILITY COMPANY, BY DEED OF FIRST NATIONAL BANK OF THE SOUTH, ALSO KNOWN AS FIRST NATIONAL BANK OF SPARTANBURG, A DIVISION OF FIRST NATIONAL BANK OF THE SOUTH DATED FEBRUARY 6, 2007, AND RECORDED IN THE OFFICE OF THE REGISTER OF DEEDS FOR SPARTANBURG COUNTY, S. C. IN DEED BOOK , at PAGE . See attached Building Sketches of Boiling Springs (page 34) and N. Pine Street (pages 34,35,36,37,38) locations for depiction of usable space. Lease years 1 through 25 inclusive shall be in the amount of Four Hundred Sixty Three Thousand Two Hundred Fifty and No/100 ($463,250.00) Dollars annually with monthly installments of Thirty Eight Thousand Six Hundred Four and 17/100 ($38,604.17) Dollars. Any partial month shall be prorated based on the monthly installment amount as set forth in the Lease. First Renewal Option Rental for lease years 26 through 30 shall be determined by the following. At the commencement of the First Renewal Term, if exercised, the Fixed Annual Minimum Rent, for that Renewal Period shall be adjusted to reflect the increase, if any, in the Index (as herein defined) between date of the commencement of the First Renewal Term and the date of the commencement of the Initial Term. In no event shall the Fixed Annual Minimum Rent be increased by less than 25%. The term “Index” as referred to herein shall mean the Consumer Price Index for All Urban Consumers (CPI-U), All Items, U.S. City Average (1982-1984=100), published by the United States Department of Labor, Bureau of Statistics. In the event the CPI-U is discontinued, Landlord will select another nationally recognized published index of similar statistical information.
Appears in 1 contract
Sources: Agreement to Sell, Purchase and Lease (First National Bancshares Inc /Sc/)
Derivations. A portion of the above described property was heretofore conveyed to First National Bank of Spartanburg, Div. of First National Bank of the South by deed of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ recorded on February 8, 2005 in Deed Book 82-G, at Page 702, aforesaid records. Tax Map Number: 7-12-07-158.00 A portion of the above described property was heretofore conveyed to First National Bank of the South by deed of ▇▇▇▇▇ ▇. ▇▇▇▇▇ recorded October 13, 2005 in Deed Book 84-D, at Page 524, aforesaid records. Tax Map Number: 7-12-07-161.00 A portion of the above described property was heretofore conveyed to First National Bank of the South by deeds recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 72-G at Page 464; Deed Book 72-G at Page 465; and Deed Book 72-G at Page 466. Tax Map Numbers: P/O 7-12-07-147.00; P/O 7-12-07-147.01 and also 7-12-07-157.00 A portion of the above described property was heretofore conveyed to FIRST NATIONAL BANK OF SPARTANBURG by deed of HBJ PROPERTIES, A SOUTH CAROLINA GENERAL PARTNERSHIP, dated February 22, 2000, recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 71-N, at Page 609. Tax Map Number: 7-12-07-168.00 A portion of the above described property was heretofore conveyed to First National Bank of Spartanburg by deed recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 83-G at Page 402. Portions of the above described property was heretofore conveyed to First National Bank of Spartanburg by Road Closure Order recorded in Deed Book 72-F at Page 624.) Tax Map Number: 7-12-07-156.00 A portion of the above described property was heretofore conveyed to First National Bank of Spartanburg by deed recorded in the Office of the Register of Deeds for Spartanburg County, S. C. in Deed Book 84-E at Page 180. Portions of the above described property was heretofore conveyed to First National Bank of Spartanburg by Road Closure Order recorded in Deed Book 84-P at Page 302.) Tax Map Numbers: 7-12-7-153.00 and 7-12-7-154.00 ALSO: ALL that lot, piece or parcel of land located in the State of South Carolina, County of Spartanburg, at Boiling Springs, located at the northeastern quadrant of the intersection of Boiling Springs Road (S. C. Highway No. 9) and ▇▇▇▇▇ Avenue, containing 0.946 acres, more or less, and being more particularly shown on plat of survey made for First National Bank of Spartanburg dated August 15, 2000 by ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, P.L.S., Surveyor, recorded December 27, 2000 in Plat Book 149, at Page 360 in the Office of the Register of Deeds for Spartanburg County, S. C. See also “ALTA / ACSM Land Title Survey” prepared for First National Holdings, LLC by ▇▇▇ ▇. ▇▇▇▇▇▇▇, P.L.S., South Carolina Reg. No. 16501 of Site Design, Inc., dated November 7, 2006, last revised on February 8, 2007 (the “Survey”) showing said parcel as having the following metes and bounds, to-wit: Commencing at an iron pin old 3/4” open lop located on the right of way of Boiling Springs Road (SC Hwy 9) (45’ R/W from C/L) as shown on said Survey and being the Point of Beginning (POB). From said POB, thence along the Boiling Springs Road right of way the following three calls: N. 32-57-13 W. 93.14 feet to IPS 5/8” rebar, N. 33-39-21 W. 84.29 feet to IPS 5/8” rebar, N. 07-29-08 E. 11.91 feet to IPS 5/8” rebar; thence along the 40’ right of way of ▇▇▇▇▇ Avenue the following two calls: N. 49-22-15 E. 172.49 feet to Mag Nail Set, N. 49-24-00 E. 44.51 feet to IPS; thence leaving said right of way and running S. 33-18-35 E. 184.79 feet to IPO 1/2” rebar; thence S. 49-09-22 W. 21.53 feet to IPO 1/2” rebar; thence S. 49-13-08 W. 203.46 feet to IPO 3/4” open top and POB, and containing 41,214 square feet, 0.95 acres, more or less. This being the same property heretofore conveyed to FIRST NATIONAL BANK OF SPARTANBURG by deed of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ dated December 21, 2000, recorded December 27, 2000 in Deed Book 73-D, at Page 422, aforesaid records. Tax Map Number: 2-44-10-053.00 Property Address: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇; ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ THESE BEING THE SAME PROPERTIES HERETOFORE CONVEYED TO FIRST NATIONAL HOLDINGS, LLC, A SOUTH CAROLINA LIMITED LIABILITY COMPANY, BY DEED OF FIRST NATIONAL BANK OF THE SOUTH, ALSO KNOWN AS FIRST NATIONAL BANK OF SPARTANBURG, A DIVISION OF FIRST NATIONAL BANK OF THE SOUTH DATED FEBRUARY 6, 2007, AND RECORDED IN THE OFFICE OF THE REGISTER OF DEEDS FOR SPARTANBURG COUNTY, S. C. IN DEED BOOK , at PAGE . See attached Building Sketches of Boiling Springs (page 34) and N. Pine Street (pages 34,35,36,37,38) locations for depiction of usable space. Lease years 1 through 25 inclusive shall be in the amount of Four Hundred Sixty Three Thousand Two Hundred Fifty and No/100 ($463,250.00) Dollars annually with monthly installments of Thirty Eight Thousand Six Hundred Four and 17/100 ($38,604.17) Dollars. Any partial month shall be prorated based on the monthly installment amount as set forth in the Lease. First Renewal Option Rental for lease years 26 through 30 shall be determined by the following. At the commencement of the First Renewal Term, if exercised, the Fixed Annual Minimum Rent, for that Renewal Period shall be adjusted to reflect the increase, if any, in the Index (as herein defined) between date of the commencement of the First Renewal Term and the date of the commencement of the Initial Term. In no event shall the Fixed Annual Minimum Rent be increased by less than 25%. The term “Index” as referred to herein shall mean the Consumer Price Index for All Urban Consumers (CPI-U), All Items, U.S. City Average (1982-1984=100), published by the United States Department of Labor, Bureau of Statistics. In the event the CPI-U is discontinued, Landlord will select another nationally recognized published index of similar statistical information.154.00
Appears in 1 contract
Sources: Agreement to Sell, Purchase and Lease (First National Bancshares Inc /Sc/)