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� - � <br /> . . • - <br /> � • � LEASE qITll OPTION TO PURCNASE <br /> THIS LEASE, made and executed on this 21st day of December, <br /> 1978, by and between Charles D. Medlinq and Edina Medlinq, his wiEs� <br /> hereinafter refer.red to as "Lessor" , and Richard J. Sullivan, hereinaftnr <br /> referred to as "lwissee"t <br /> WITNES6ETH: <br /> MHBREI►S: Lessor is the owner of certain real property <br /> commonly known a• 1924 Grand �►venue, Everett, Washi�gton, and <br /> legally ds�cribed as followa: <br /> LOTS 3o aND 31� BLOCK 372� PLAT OF EVERET� <br /> DIVISION "G". ACCORDING TO PLAT THEREOF <br /> RECORDED IN VOLUME 4 OP PLATS� PACE 47.. <br /> RECORDS OF SNOHOMISH COUNTY, WASHINCTUN/ <br /> EXCEPT THE NORTH 20 FEET OF SAID LOT ;i0. <br /> which property �hall be hereinafter referred to as "eaid property"t . <br /> t�iHEREl►S: Lessor dQsiree to leaee said property to Les�ee, <br /> and Lesaee desires to lease •said property from Lessor, undar the terms <br /> and condition■ hereinafter provided, which lease shall include provieiont <br /> for an option to purchaee; and <br /> WHEREIIS: The parties deaire to reduce their aqreement hercin <br /> to writing; <br /> NOW, THEREFORE, in consideration of the mutual promiaes and <br /> aqreementa hereinafter aet forth, and payments hereinafter described, <br /> the partie� do mutually agree as follows: <br /> (1) Lessor tiereby leases •to Leasee, and Le�see hereby leases <br /> from Leasor, said property under the terms and conditions hereinafter <br /> set forthi <br /> (2) The term of this lease ehall be for a peri.od of nine <br /> years from the date hereof and ahall commence on the date hereof; <br /> (3) Leaeee covenante and aqrees to pay to Lessor as rental <br /> for said proparty a monthly rent of 5175.00 in adva.ica on the lst day <br /> of each calendar month of tha lease term :o Lessor, or to sUch pnrty <br /> as Lesaor may herenfter designate in writing, which paymente ehall be <br /> made to easor at 2212 Rainier Street, Everett, Washingtont <br /> uy/�r„. <br /> all� �J "(f) Durinq the term of thi■ leaae, Lee wr aqrees to pay <br /> eal �etata taxea pertaining to eaid property, and all chargea <br /> for fie��r, ii�}1rf, water and sewer, and all public utilities which may <br /> be charged against eaidl propertyi • <br /> . (5) Each party may carry inaurance covering their reapective <br /> interest in the propertyt ' <br /> (6) Leasor agzaes to maintain said property in good zepair; <br /> PROVIDED that Leaaee may, at Lesaee's sole coat and expenae, alter any <br /> etructure on said property or cauee any improvements to be made thereon, <br /> including painting, provided that auch lmprovementa shall be the property <br /> of Lessor in the event that Leeaee does not exerciae the option to <br /> purchase hereinafter provided: <br /> (7) Lesaor aqrees to keep the property free of all liene and <br /> encumbrances, except thoae now on the property, and agrees not to furthez <br /> encumber the title theretoi <br /> (B) Lessee may sublet the premi�es on a lease or month to month <br /> basis provided that any such oublettinq shall be consietent with th�n <br /> terms and conditions hereofj <br /> P�GE 1 of 2 <br />