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Title: |
Commercial Lease |
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Entities: |
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Date: |
2002 |
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$44 |
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ID: |
#924819 |
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<DOCUMENT>
<TYPE>EX-10.(S)
<SEQUENCE>3
<FILENAME>p02534x10s.txt
<DESCRIPTION>COMMERCIAL LEASE DATED AUGUST 1, 2001
<TEXT>
COMMERCIAL LEASE
----------------
THIS AGREEMENT, made and entered into this First day of August
2001, between MERVIN D. LUNG BUILDING COMPANY, INC., an Indiana Corporation, of
St. Joseph County, State of Indiana, hereinafter know as "LESSOR", and PATRICK
INDUSTRIES, INC., an Indiana Corporation with principal offices in Elkhart
County, Indiana, hereinafter referred to as "LESSEE", for and in consideration
of the covenants and agreements hereinafter mentioned, that real estate located
in Elkhart County, State of Indiana, and more particularly described in
ITEM 1. LEASED PREMISES.
WHEREAS, LESSOR is owner of certain property situated in
Elkhart, Indiana; and
WHEREAS, LESSEE is desirous of leasing said property.
NOW, THEREFORE, in consideration of the mutual promises
hereinafter contained with applicable ordinances, laws and regulations, the
parties agree as follows:
1. LEASED PREMISES: the LESSOR hereby leases to LESSEE those
premises bearing the street address of 800 Wagner Street, Elkhart, Indiana, more
particularly described as follows:
Part of the Northwest Quarter (NW 1/4) of section 8, Township
37 North, Range 5 East of the Second Principal Meridian in the
City of Elkhart, County of Elkhart, State of Indiana,
described as follows:
Beginning at a point in the centerline of Wagner Avenue in
said City of Elkhart, said point being 942.85 feet west of a
point where said centerline is intersected by the southerly
extension of the westerly line of Chapman's South Elkhart
Addition as the same is platted west of Sixth Street and north
of said Wagner Avenue; thence due west along the centerline of
said Wagner Avenue a distance of 500.00 feet to a point;
thence due north along the east line of a tract of land
conveyed to Northern Indiana Public Service Company (Elkhart
County Deed Record 258 Page 55) a distance of 114.55 feet to
an iron stake at the northeast corner of said tract of land;
thence due east along the north line of land conveyed to
Mervin D. Lung and Dorothy M.
1
<PAGE>
Lung, husband and wife, in Elkhart County Deed Record 297 page
534, a distance of 135 feet to an iron stake; thence north 54
degrees - 08 feet east along the north line of said Lung land
a distance of 369.42 feet to an iron stake; thence due east a
distance of 65.98 feet; thence south 0 degrees 5 feet west a
distance of 330.9 feet to the place of beginning of this
description.
Containing 2.39 acres of land.
2. TERM: The term of this Lease shall be from the 1st of
August, 2001, through the 31st day of July, 2004.
3. RENTAL: Lessee agrees to pay to Lessor in advance of the
first day of each month throughout the term of this lease, a rental of Nine
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