FIRST AMERICAN TRUST 1-1987 - Laserfiche WebLink

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· INSURANCE NOT REI}UIRE' WORK BAY DATE: THIS THIRD A[IENDMENT is and is intended to be part of that lease entered into on the 20th day of April, 1987, by and between S.T.C Corporation, a 0eneral partnership, and the CITY OF SANTA ANA, a ~unicipal Corporation, Lessee. RECITALS: It is understood that on February 5, 1992 this propemty transferred owners by Grant Deed ~92-6900 from C & T PROPERTIES, a partnership, to WILLIS J. CLE~O~S AHD CLAYTON B. TILLOTSON, each an undivided one-half interest as Tenants in Common. And on February 5, 1992 by Grant Deed ~92-069098, WILLIS J. CLEHONS, an undivided one-half interest as Tenant in Common transferred the property to FIRST A£~ENICAN TRUST COMPAq]Y, Trustee of The Clemens Family Trust dated June 30, 1988. The parties hereto agree: I. LEASE EXT~ISION The Lease shall be extended for a period of five years. Said period beginning ~ay 1, 1992. I I. EXPII~TIO~4 DATE The expiration date shall be April 30, 1997. Ill. BASE RENT Commencing ~lay 1, 1992 the base rental rate shall be $2,900. IV. ~NTAL INCREASES The monthly Base Rent payable pursuant to paragraph 3 shall be calculated as follows: The base Rent payable for the first month of the term of this amendment shall be multiplied by a fraction, the numerator of which shall be the C.P.I. of the calendar month during which the adjustment is to take effect, and the denominator of which shall be the C.P.I. of April 1992 in which this amendment cor~mences. The increase a~nount will have a 6% cap with no floor. V. ADDITIO[IAL COSTS In addition to item IV above there will be a $160.00 per month charge for there reimbursement of the excess cost of power used.