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INLAND EMPIRE NATIONAL BANK, AS
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5/9/2008 10:17:23 AM
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4/23/2001 3:42:18 PM
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Contracts
General 2 - Date
1/16/2001
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FIRST LEASE MODIFICATION AGREEMENT <br /> <br />THIS AGREEMENT is made this 16th day of January __2001 between The <br />Redevelopment Agency of the City of Riverside, a public agency, Landlord and Inland Empire <br />National Bank, a national banking association, Tenant. <br /> <br />RECITALS <br /> <br /> A. The parties hereto entered into a Lease dated the 1st day of October 1995 for <br />premises located in the California Tower, 3737 Main Street, Suite 104 Riverside, California 92501. <br /> <br />B. The parties hereto desire to extend and amend said Lease as hereinafter provided. <br /> <br /> NOW THEREFORE, in consideration of the agreements herein contained, the parties <br />hereto agree to as follows: <br /> <br />The Lease term shall be extended for the period of five (5) years commencing on the <br />5th day of December 2000 and terminating on the 4th day &December 2005. <br /> <br />Such extended term shall be governed by the same terms and conditions as provided <br />in the Lease, except as set forth below: <br /> <br />The fixed minimum rent for the period of the 5th day of December <br />2000 through the 4th day of December 2001 shall be Four Thousand <br />Eight Hundred Sixty Six Dollars and no/100 ($4,866.00). <br /> <br />The fixed minimum rent for the period of December 5th, 2001 through <br />December 4, 2005 shall be adjusted at the rate of Four Percent (4%) <br />annually. <br /> <br />Except as herein modified, said Lease shall remain in full force and effect. <br />In the event of any conflict in the terms of the Lease as modified and this <br />First Lease Modification Agreement, the terms of this First Lease <br />Modification shall prevail. <br /> <br />The terms and conditions of this Agreement shall bind and inure to the benefit of <br />the heirs, successors and assignees of the parties hereto. <br /> <br />IN WITNESS WHEREOF the parties have executed this Agreement <br /> <br /> REDEVELOPMENT AGENCY INLAND EMPIRE NATIONAL BANK, <br /> aOF public~~~ THEagency CITY OF RIVERSIDE ~, a national~ /~' ~,/ ba~king association <br /> <br />By By: __ <br /> jr Date -- ,,,,~ 5 ~ate <br /> <br /> <br />
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