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1924 GRAND AVE 2016-01-01 MF Import
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1924 GRAND AVE 2016-01-01 MF Import
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Last modified
2/20/2017 5:25:54 PM
Creation date
2/20/2017 5:25:37 PM
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Address Document
Street Name
GRAND AVE
Street Number
1924
Imported From Microfiche
Yes
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(9) In consideration of the execution of this lease, and <br /> of the payment of $1,500.00 from Lessee to Leasor, receipt of which is <br /> hereby acknowledged. Lessor hereby graats to Lessee the exlueive right. <br /> termlof9thiadlease accordinghtoithe8followi grterma and co ditlons9 the <br /> (a) Leasee ehall purchase said properky accordinq to the <br /> ma kedaExhibiti"A"RBwhichfia by thisereference mader <br /> a part hereof; <br /> (b) Lessee may exercise said option at any time during <br /> the term of thia lease by sendinq notice of Lesaee's <br /> election to exercise said option to Lessor at <br /> 2212 Rainier Street, Everett, Washington, or such <br /> other addrass as Lesaor may herenfter dasignate in <br /> writinq, which notice ahall set forth the day on <br /> which thn purchase of eaid property ahall be consummated; <br /> (c) The partiea aqree that this option, unless exercisEd <br /> durinq the term of this lease, ahall expire, and all <br /> sums heretofore paid by Leesee to Lessor shall be <br /> non-refundable; <br /> (d) The partias further agree that the purchase price of <br /> said property ahall be adjusted on the date of closinq <br /> to equal $20,000.00 less the $1,500.00 payment de�cribad <br /> above, end less any monthly rental payments which Lassea <br /> may have made purauant to this lease, and said purchasa <br /> price ahall be paid by Lesseo in caah on tha date of <br /> closinq as provided in the attached rider mnrked Exhibiti <br /> aAxj <br /> (e) Lessor aqrees to convey title to Lesaee by Statutory <br /> warranty Deed on the date of closinq as described <br /> above, free and clear of all defects and encumbrances. <br /> (10) This lease with option to purchase contsin. the entire <br /> understand:ing and aqreement between the parties relatinq to the subject <br /> matter herc�of and shall be binding upon the heirs, legal repreaentatives, <br /> �uccessors and assigna of the parties heretot <br /> (11) Tf by reaeon of any defau�t under the terma and conditions <br /> of this Lease with Option to Purchaae it becomes necessary for either <br /> party to employ an attorney or in cnee either party shall bring suit <br /> to enforce eny proviaion of thie agreement, the prevailiny party ehall <br /> be entitled to the payment of hia or their reaeonable attorney's fees <br /> and all costa and expenses expended or incurred in connection with auch <br /> default or action from the other party. <br /> IN NITNBSS IiHEREOF the partiee have executed this Lease with ' <br /> option to purchare on the day aad y�ar. first above writtan. <br /> �l'�� �� , <br /> In the event that Ch ea D. Me ing , <br /> lessor fails to �— . <br /> make anY paYments (���'�.ae.�- �� �-.r ir <br /> when due undar any x'�; <br /> Edina Med n9, s wi e <br /> incumberance or <br /> said property, lessee "LBS oR" <br /> msy make said <br /> paymente and spply � _ <br /> the amounta so <br /> paid againat the � pr J, 1 van <br /> nexL payments <br /> falling due under "LESSEE" <br /> thie 2ease. <br /> PAGE 2 0! 2 <br />
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