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EXHIBIT 10.36
LEASE, SHORT FORM
(COMMERCIAL OR RESIDENTIAL)
THIS LEASE, made and entered into this 1st day of March, 1992, by and
between Xxxxxx Xxxxx Xxxxxx, the Lessor(s), and Southwestern Ice, Inc., the
Lessee(s).
WITNESSETH: That the Lessor(s), in consideration of the covenants of said
lease, hereby lease(s) to Lessee(s), under the terms and conditions set forth,
the property described as follows: 0000 Xxxx Xxx Xxxxx, Xxxxxxx, XX 00000.
THE PARTIES COVENANT AND AGREE AS FOLLOWS:
1. TERMS: The term of this lease shall be for a period of sixty (60) months,
commencing the 1st day of March, 1992 and ending the 28th day of February,
1997.
2. RENT: The total rents payable under this lease shall be the sum of One
Hundred Eighty Thousand dollars )$180,000.00), payable as follows:
$3,000/month triple net. Lessee shall pay for all repairs, taxes, and
insurance on the premises.
3. ASSIGNMENT/SUBLETTING: Lessee(s) agrees that he(she)(they)(it) will not
assign this lease, nor sublet the leased property without the written
consent of the Lessor.
4. SURRENDER OF PROPERTY: At the expiration of this lease, Lessee(s) agrees
to return peaceable possession of the property of Lessor(s) in as good
condition as received, reasonable wear and tear excepted.
5. BREACH: a) If the rent is not paid when due and Lessee(s) fail to pay
the rent within seven (7) days after written notice, Lessor(s) may
exercise his(her)(their)(its) rights to terminate this lease and recover
possession of the property by appropriate court action, including the
right to recover all costs, Court costs, damages and attorney fees.
b) The failure of either party to fully perform under any or all
of the terms and/or conditions of this lease shall constitute a breach of
this lease, entitling the offended party to bring an appropriate Court
action and recover all equitable relief available under law, including
attorney fees and all Court costs.
6. OTHER CONDITIONS: Lessor(s) and Lessee(s) further agree to the following
additional conditions: See Addendum.
7. NOTICES: a) Any notices or demands to be given to Lessor(s) under this
lease, shall be given at _________________________________________________
__________________________________________________________________________
b) If other than the above-named person or firm, the person or
firm authorized to manage this property, collect the rents or otherwise
enforce the terms of this lease is _______________________________________
__________________________________________________________________________
__________________________________________________________________________
IN WITNESS WHEREOF, the parties have executed this lease this 1st day of
March, 1992.
SOUTHWESTERN ICE, INC. XXXXXX XXXXX XXXXXX
Lessee Lessor
By
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Lessee Signature of agent, if firm
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ADDENDUM
1. Option to extend term:
A. Lessee shall have the right to extend the term of their lease for
an additional 5 year period commencing March 1, 1997 and ending
February 28, 2002, subject To all terms and conditions at a lease
rate of $5,000.00 per month.
B. Lessee shall have the additional right to extend the term of their
lease for another 5 year period commencing March 1, 2002 and
ending February 28, 2007, subject To all terms and conditions at a
lease rate of $7,000.00 per month.
