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Home My WebLink About871122WHEN RECORDED RETURN TO: Greater Salt Lake Business District 2595 East 3300 South Salt Lake City, Utah 84109 811122 001(4; PR P AGE_ ._l�D_ Lease 1. The Parties and The Property. David A. DeCoria and Roxanne A. DeCoria, husband and wife as tenants by the entireties, hereinafter referred to as "Lessor hereby leases to Jarp Capital, Inc. hereinafter re- ferred to as "Lessee all those premises situate, lying and being in the County of Lincoln, State of WYOMING, commonly known as 845 South Washington, Afton, Wyoming 83110 and more particularly described in Exhibit "A" which is attached hereto and incorporated herein by this reference (the "Property"). 2. The Term. TO HAVE AND TO HOLD the Property, together with the appurtenances, unto the Lessee for a term of twenty (20) years commencing January 25, 2001, for and during and until January 25, 2021 or until the SBA 504 Loan under SBA Loan Authorization No. CDC 409936 40 06 -CAS is paid in full.. 3. The Lease Payment. Lessee covenants and agrees to pay Lessor a lease payment in the sum of $2,190.00 on the first day of each month during the term of this Lease provided, however, that the amount of rent paid must be substantially the same as the debt service on the Third Party Lender Loan and the SBA 504 Loan together with an amount necessary to cover taxes and assessments, utilities and insurance and a repair /replacement reserve. The lease payment shall be reduced to the extent that it is in excess of the amount needed to meet the debt service and expenses. In the event there is more than one operating company under the terms of the SBA Loan, the lease payments of all operating companies shall be considered together and shall be reduced, pro rata, in the event, when considered together, they are in excess of amount needed to meet the debt service and expenses above de- scribed. 4. The Return of the Property. Lessee further agrees tq,.deliver up to Lessor at the expiration of said term in as good order and condition as when the same were entered upon by Lessee, reasonable use and wear thereof and damage by the elements excepted. 5. No Sublease or Assignment. The Lessee will not let, underlet, assign the Property, or any part thereof, without the prior written consent of Lessor, which consent will not be unreasonably withheld. 6. Default/Remedies. And Lessee further covenants and agrees that if any monthly lease payment or any part thereof shall be unpaid for 20 days after the same shall become due; or if default in any of the covenants herein contained to be kept by Lessee is not cured within 20 days from written notice, or if Lessee shall vacate such premises, Lessor may elect, without notice or legal process, to re -enter and take possession of the Property and every and any part thereof and re -let the same and apply the net proceeds so received upon the amount due or to become due under this lease, and Lessee agrees to pay any deficiency. 7. Utilities. Taxes and Insurance. Responsibility for utilities, taxes and insurance shall be as indicated [Lessee responsible for (T), Lessor responsible for (L)]: Power T Heat T Water T Sewer T Telephone T Real Property Tax T Personal Property Tax T Fire Insurance on Personal Property T Glass Insur- ance T Others: None Roof L Exterior Walls L Interior Walls L Structural Repair L Interior Decorating T, Exterior Painting L Yard Surfacing L, Plumbing Equipment L Heating and Air Conditioning Equipment L Electrical Equipment L Light RECEIVED LINCOLN COUNTY CLERK Oi FEB -2 PM 1. 49 JEANNE V'," AGNER KEMMERER, WYOMING 8. Maintenance and Repair. Responsibility for the maintenance and repair of the Property shall be as indicated [Lessee responsible for (T), Lessor responsible for (L)]: luaptsazd `etzoDaQ •d auuexo poy 'DNI `'IVIIdVD d2Idf etzo3aQ V NAM etzopou •y auuexog I OOZ `SZ Annul- annoa33a pug palnoaxa st aseaj spa sapird agi Jo luasuoo ignlnut agl Aq paiaougo Agazaq aze stuautaaz3e asgai snotnazd Pees pug :satued alp uaamlaq sluautaaz3e ono' snotnazd lie pue Aug saogidaz pug sapaozadns luautaaz3e sua •sluautaaaa\ aaq ;O ow '£T •sasoio u2o1 1 Vas alp za13g sqiuotu xis 3utuut3aq moo lad S o1 do 3o sa3ugtp dtgsioumo zo3 ldaoxa ugori vas Pees jo uual aztlua ag1 Bupnp (dtgszaumo 3o luaozad pug szaumo 3o Alptiapt gloq) digszaumo ivasa.id ag1 igtoexa utgiutgut o1 aaz3g Agoi q aossol pug zossa-i (a) pug :uE0 vas PM zo3 Alunoas se `asen spit 02 pug ut lsazalut pug 'app `1g311 zcagl 3o itE MIedutoD luautdolanaQ paiJtua) lazasaQ pug uotlgzlstututpy ssautsng anus ag101 Jojsuezl pug `JOAO las `u3tssg Agoiaq aassa-i pug zossa'i (q) 'ugo-i VHS ptgs 21113o tuzal OM Mill za3uo1 JO 02 ignba aq imp aseaj stgl jo uual ota (g) Ag :3utpug1sgltm1ou ,Czezluoa NI o13u[g1Aug 'smolt(); se aaz3g aassai zossaZ 'SVD OP 9£66Ot' DUD '°N UE01 vas 3o uotlezaptsuoo ui •sluauiaatnaag uso' vas 'ZI •gogazq gons 3o ino 3u1stze 1g31z Aug zo luautaaISg stg2Jo luatuaozoJua alp uuoz3 3utlinsaz saa3 ,sAatuone aigguosgaz pug `sasuadxa 'moo iig Agd iiggs Sand SutlineJap aq2 'quo; las utazaq siuguanoo pug swim am uuojzad ,ClinJg1te3 02 aznite3 3o asea ui •s;sop uot;aailop pus saga s,Aauaouv 'IT auoN :szagl0 Z Ietzoltugf .L lgnoutau mous z Ignouta'i gsgzs z a3g3ieazg sselj z sagnj pug sagoio PuE 'tin; ut ptgd azE gurus aq1 spun Auadozd ieuoszad pies uodn uatl g angq imp zossa -i pug `pied XIIn3 azE sa2zego zatpo pug stuatuAgd asgat IiE !pm sasiutazd alp uzoz3 panoutaz aq lou Agar aassaZ 3o Auadozd Iguoszad pug s&utgstuzn3 `aznituznd •uan s,aossoi 'OT •saattnut JO saaAoiduta stq `3iasunq 3o lonpuoostut _to aouoSg2au mat; Sutlinsaz sassol zo3 aigtsuodsaz aq 'Tugs Alzgd gaeg •aauaaliaaN '6 STATE OF WYOMING UTAH :ss. COUNTY OF bilteeki- SALT LAKE STATE OF 'WYOMING UTAH :ss. COUNTY OF Lincoln- SALT LAKE The foregoing instrument was acknowledged before me this January 25, 2001 by David A. DeCoria and Roxanne A. DeCoria LEASE NOTARY PAGE Notary Public No William J. Frisby 2595 East 3300 South #100 Salt Lake City, Utah 84109 My Commission Expires October 19, 2004 State of Utah 113 The foregoing instrument was acknowledged before me this January 25, 2001 b Roxanne A. DeCoria President, Jarp Capital, Inc. Notary Public Notary Public William J. Frisby 2595 East 3300 South #100 Salt Lake City, Utah 84109 My Commission Expires t October Uah04 'ONINNIORS 30 INIOd 8111 o; auTT glnos pTes 30 uotsua ;xa IT.zagsaM e 6uoTe 'gaa3 6T'T7T7 '3 uv£,V5o68 S aauagq !deo sse.zq e oq 'autT I M 30 zg6T.z AT.zagsea pies 6u0Te ;aa3 S9'59T 'M 1ZT,6Tio00 N aouagp :68 IeM146TH 'S•n 30 auTT ieM 3o gg6T.' 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