2334-79 Lease Agree. with Farm Credit Corp.

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THIS LEASE made in triplicate the 26th day of Mardh A.D. 19 79 BETWEEN: The Corporation of the County of Essex 360 Fairview Avenue West Essex, Ontario NOR lE0 hereinafter called "the Lessor" of the First Part AND FARM CREDIT CORPORATION established under the Farm Credit Act, with Head Office at Ottawa, Ontario hereinafter called "the Lessee" of the Second Part WITNESSETH that subject to the covenants and powers implied in the applicable provincial laws and in consideration of the rents, covenants and agreements hereinafter reserved and contained on the part of the Lessee, the Lessor does demise and lease unto the Lessee, its successors and assigns the following premises: Part of the Second Floor Essex County Civic and Education: Centre 360 Pairview Avenue West - Essexr Ontario, NOR IZO comprising 700 square feet hereinafter called "the premises ". TO HAVE AND TO HOLD the premises for and during the term of three years to be com- puted from the lot. day of Tune A.D. 19 79 , and from thenceforth next ensuing and fully to be complete and ended. YIELDING AND PAYING therefor unto the Lessor for the term hereby created: the annual rent of S Q r S79, 40 payable in monthly instalments of $ 381.62 each in advance on the 1st day of each month during the term commencing on the 1st day of JUM A.D. 19 79 AND THE LESSOR AND THE LESSEE COVENANT AND AGREE EACH WITH THE OTHER AS FOLLOWS: 1. THE LESSEE MAY RENEW the term of this lease for a further term of tloroe Years on the same terms and conditions by notice of intention to renew given to the Lessor personally or by registered mail at least two months prior to the expiration of this lease. 2. IF THE PREMISES are at any time during the term of this lease wholly or partially destroyed by fire or otherwise so as to become untenantable, the rent shall forthwith become-payable up to the time of such destruction and the term hereby created shall forthwith terminate, but if the premises are only partially destroyed then the Lessor may with the written consent of the Lessee forthwith repair and make the premises fit for the purposes of the Lessee in which case the term shall not terminate but the rent reserved up to the time of the said destruction shall forthwith be payable by the Lessee and the proportionate part of the rent reserved shall abate until the premises have been made fit for the purposes of the Lessee. 3. THE LESSEE COVENANTS WITH THE LESSOR: (a) to pay the rent reserved at the time or times hereinbefore mentioned for the payment thereof without any deduction whatsoever; (b) not to transfer, assign or sublet the said premises or any part thereof without the written consent of the Lessor, which shall not be unreasonably withheld; (c) not to make any alterations or improvements in or about the premises except with the written consent of the Lessor first had and obtained. (d) to leave the premises in good repair, reasonable wear and tear and damage by fire, lightning and tempest only excepted; Provided the Lessee may remove its fixtures. 8220 C114