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be due and payable- on or before May 1, 11931, with a pay-me-it being)" <br />d;.'e aind payable oa or before the Ist day of INhay- (A' each year th--re-- <br />after during Uha term of this first -Ifive year qp`Joia peefod, a-A in the <br />ha'AJE k-%',-):; e-a-ch -ad every a3reei-ne-tit cr ntained h-arl-11-a and <br />Lessee <br />d o n, n d P -a-1-irlorin ail 1--Ii obli.--nai-Jons reaquired of Lvcss--e lurinng <br />the term of thIs la�.sa anld esxerclsas tts oprion for an five <br />year -erlod and, 1-.k-eps each and. every agreaman- c ta, n t a i ra e d 11,1 i I 3: 1 d i. <br />'-0 and -arform 111 of thie r;-JU.-Yations realAred of Dessea ber-aund'ar <br />d Urin-a said first fiLv'-- y-ear aption Perio', then and on* na rlhat event an <br />Zil 3 <br />Option is ar lVan and granted to 1��szst-.-e to r -new zqxad e-, -nd i- <br />-IPY C-31 <br />lease for an additional period of fives (5) years fr6m and after ene ex- <br />riiicatioq of said "Irst five option perlod, r and -in. consideration <br />'Y <br />" 'J , 1 a V '. I ' " . , � A 'I -A <br />- )� "�f 1 -, A -'.� - I <br />1)z ') -- ; !, D.P! <br />$18, 500. 00 eac' h, the first of wh ich will be due and payabi.- on o-.Y- be-- <br />fore M.'Ry 1, 1986, <br />viyfth, a like <br />payrnent <br />being <br />due and. payable, <br />cif Or <br />b--ford ti ° Ist day <br />of k0ay of <br />each year <br />thereafter <br />during <br />tx e <br />term of <br />g <br />this second five yeaAr optloa period; each of Cn-- above ob-H."5ations mray <br />bt:-, exerelsad by Lessee's giving n -I <br />Z� ; notice in writing of Lessee's t te tim <br />to renew said la se on or be-fore 1st day of januarry, 1981 for the <br />first option and on or !-,,afore ifte Ist day of January, 1986 for, the <br />second option. <br />Execlj,led on -the dates shown in aekinowled e ments be'OWL <br />Ol <br />CJTY 0.1:z IPA IS <br />By: <br />a U 7- <br />ty 11vianagrer <br />✓• G it -Cler, LESSOR <br />. Greanne, Ci V <br />