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7 YEARS LEASE ./' ., I LEASE 4 ~J . THIS LEASE t dated this 2. ~ day of .. Ii lieery, A. D. 1972, by and between the CITY OF CLEAR WA TER, a municipal corporation existing under the laws of the State of Florida, hereinafter called the Lessor, and M. ALFRED GREGORY and KATHERINE GREGORY, his wife, hereinafter called the Les see; WITNESSETH: That in consideration of the covenants herein contained of the granting of this lease and of the swns paid and to be paid hereunder, the Lessor hereby leases to the Lessee and the Lessee hereby leases from the Lessor according to the terms, conditions and covenants herein contained, the following described premises located in the City of Clearwater, Pinellas County, Florida, to wit: Room Nos. Five & Nine and Space in Between in the Clearwater Marina Building, located on Lots 11 and 12 of CITY PARK SUBDIVISION, according to the map or plat thereof as recorded in Plat Book 23, page 37 of the Public Records of Pinellas County, Florida. also small storage room on second floor used by Lessee. THE PARTIES HERETO HEREBY FURTHER COVENANT AND AGREE AS FOLLOWS: 1. The term of this lease shall be for a period of seven P}J years, beginning on the 1st day of March, 1972 and ending on the 28th day of February, 1979. 2. The Lessee hereby covenants and agrees to pay rental therefor in the total swn of $39,600.00, payable $1,000.00 in advance, receipt of which is hereby acknowledged by the Lessor as a deposit for the faithful performance of the Lessee's obligations hereunder, which deposit shall be credited to the prepayment of rental hereunder, in the event of the faithful performance of the Lessee's obligations hereunder; the balance shall be payable in equal monthly installments of $450.00 per month for the first 36 months of this lease, through February 28, 1975; $475.00 per month for the next 24 months of this lease, through February 28, 1977; and $500.00 per month for the last 24 months of this lease, through February 28, 1979; payable in advance on or before the 1st day of each month during the term hereof, commencing with the 1st day of March, 1972, to be payable until the total rental hereunder has been paid in full. The Lessor may deduct from the aforementioned deposit any amounts, which might become due from the Lessee to the Les s or for rental, damage to the premises, or for any other reas on or cause whats oever. 3. The demised premises shall be used only for the purpose of con- ducting therein the business of a gift shop, specialities, beach clothing, and toys. Any structural changes to be made by the Lessee shall be at his own expense and must first be approved by the City Manager in writing and the bills for any and all alterations shall be paid at once when due. -1- //v/j- I .'~i~~ . , , 9. The Lessee hereby covenants to pay all bills for electric current, gas, heat, and other services to the premises requested by the Les see within ten PO} days after each of said bills shall have been rendered. The Lessee further covenants and agrees prior to taking possession of said leased premises to obtain liability insurance from a responsible insurance company protecting all persons and property entering upon said premises during the period of this lease, and Lessee shall assume full responsibility and abs olve the Les s or of any and all liability or damages for injuries to pers ons or property whats oever, in connection with the use and occupancy of said premises. The Lessee further covenants and agrees to obtain and keep in force during the term of this leas e adequate plate glas s window insurance. The Lessee further covenants and agrees to operate the business conducted on the premises during the entire year of each year of the term hereof and during each and every month of the term hereof. Lessee further covenants and agrees to furnish Less or with copies of the aforementioned insurance policies. 10. Notices hereunder shall be given only by registered letter or telegram and shall be deemed given when the letter is deposited in the mail or the telegram filed with the telegraph company, postage or charges pre- paid, and addressed to the party for whom intended at such party's address first herein specified or to such other address as may he substituted therefor by proper notice hereunder. 11. This leas e merges and supers edes all prior negotiations, repres en- tations and agreements, and constitutes the entire contract between Less or and Lessee concerning the leasing of the premises and the consideration thereof. This leas e shall be binding on ani inure to the benefit of the succes s ors and assigns of the respective parties hereto. No waiver of any breach or default or failure of the Lessee hereunder, shall be deemed a waiver of any subsequent breach, default or waiver of the Lessee hereunder, and any said breach, default or waiver shall be deemed to be continuing unless and until specifically waived in writing by the Lessor. 12. In the event the Less or retains an attorney to enforce any of the provisions of this leas e, or renewals of or addenda to this lease, or to effect the enforcement of any legal right of the Lessor against the Lessee, the Lessee hereby agrees to pay to the Lessor all costs of said enforcement including court costs and reasonable attorney1s fees. IN WITNESS WHEREOF, this lease is executed as of the date first herein written. Witnesses: FLORIDA ~ City Manager As Att~St:>~ ~~/ /. City Clerk Approved as to form correctness: '-/~ ~. City Attorney I As to Lessee {SEA L} ~~~ {SEAL} -3- v .",~...,-- ., , 4. The Lessee hereby covenants and agrees to make no unlawful, improper or offensive use of said premises, not to assign this lease nor to sublet all or any portion of the demised premises without the written consent of the Lessor. The Lessee hereby covenants and agrees to pay the rental promptly on the day same becomes due, and that if said Lessee shall fail to pay any rental installment within ten (l0) days of the day same becomes due, or if the Less ee shall violate any of the covenants, agree- ments or obligations hereunder, the Lessee shall immediately without notice, become tenants at sufferance, and the entire principal amount of rental for the entire term hereof shall immediately become due and pay- able without notice, and the Lessor shall be entitled immediately to re- enter and retake possession of the demised premises, the Lessee by his default, waiving all rights of notices, and the Lessor shall have other remedies as are available to him under the laws of the State of Florida. 5. The Lessee shall pay to the proper public authorities taxes and license fees levied upon the personal property located in and the business conducted on the demised premises, prior to the date upon which payment of the same would be delinquent, including taxes of the City of Clearwater; provided, however, that the Lessee shall have been presented with bills therefor, and provided further that nothing herein contained shall obligate Lessee to payor to reimburse Lessor for the payment of any such assess- ment for permanent improvements or betterments, such as sidewalks or sewers or other improvements or betterments or to reimburse Lessor for any portion of any tax not allocable to the term of this lease. 6. The Lessee hereby covenants and agrees to keep and maintain the premises and fixtures located therein in good condition and repair during the term of this Lease and any extension hereof, and to return the premises to the Lessor upon the expiration of the term hereof in as good condition as they now are, ordinary wear and tear and damage by the elements only excepted. No alterations or improvements may be made to the premises without the written consent of the Lessor. Any and all fixtures attached to the premises shall revert absolutely and become the property of the Lessor, upon the expiration of the term hereof; provided, however, that the Less or at its option may require the Less ee to remove all of the fixtures, partitions, racks, shelves or other improvements from the premises upon the expiration of the term hereof at the cost of the Lessee and without leaving any scars or marks whatsoever. 7. The Lessee may place an appropriate sign on the plate glass window in front of the demised premises and an appropriate neon or lighted sign on the inside of the plate glass window in front of the demised premises so long as said signs conform to the ordinances of the City of Clearwater, Florida, presently in force or passed during the term hereof regarding signs; pro- vided, however, that no sign other than the signs as aforesaid, shall be painted, erected, constructed or maintained by the Lessee and provided further that the Lessee shall, upon the expiration of the term hereof, com- pletely remove any and all signs on the plate glass window, neon or lighted signs, and such other signs as might be permitted during the term hereof. 8. Lessor covenants that Lessor is well seized and has good right to lease the premises , will warrant and defend the title thereto, and will indemnify Lessee against any damage and expense which Lessee may suffer by reason of any lien, encumbrance, restriction or defect in the title to or description herein of the premises. The Lessor further covenants and agrees to allow the Lessee peaceful and quiet enjoyment of the premises during the term hereof. The Less or further agrees to furnish free of charge all water used by the Lessee on the demised premises and agrees to furnish a refuse disposal location outside of the premises for the use of the Lessee. -2-