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~~ :. ~~ <br />California; thence, in a general Southwesterly direction, following <br />along the line described in said Quitclaim Deed to an intersection <br />with the Northwesterly prolongation of that certain course having a <br />bearing of South 62 2° East, in the Deed to Towner. Manufacturing <br />Com~ary recorded ~~Tarch 13, 1946 in Book 1399, Page 362, Official <br />Records of Orange County, California; thence Southeasterly, along <br />said prolongation, to the most Northerly corner of the property <br />described in said Deed to !Towner i~hanufacturing Company; thence <br />ortheasterly, in a direct line, to the most Westerly corner of that <br />certain property conveyed to the City of Santa Ana, California, as <br />described in Book 2516, Page 264, Official Records of Orange County, <br />California; thence Northeasterly, along the Northwesterly line of <br />said property conveyed to the City of Santa Ana, 780.00 feet, more <br />or less, to an intersection with the Northwesterly prolongation of <br />the Southwesterly line of Lot 185, Tract Teo. 1724, as shown on a <br />T~tap thereof recorded in Book 51, Pages 24, 25 and 26, Jiiscellaneous <br />l~~lap;s, Records of Orange County, California; thence S. 53° 58' 44" E., <br />along said prolongation, 102.75 feet to the Westerly corner of said <br />Lot 185, Tract No. 1724; thence Northeasterly, along Subdivision <br />lines 571.72 feet to the most Westerly corner of Lot 64, Tract <br />No. 2122, and the point of beginning. <br />Above described property outlined on Yiap attached hereto, marked <br />"Exhibit A" . <br />2. TER~'I: ~l'he term of the within Lease shall be for twenty-five <br />(25) years, commencing on the 21st day of August, 19Ei1, and ending on <br />the 20th_~~ of Au~ust~ 1986. <br />3. RENT: LESSEE agrees to pay and LESSOR agrees to accept as <br />rent for the leased property for the term of said Lease the following <br />sums: <br />A. During the nine (9) years beginning on the 21st day of August, <br />1962, and ending on the 20th day of August, 1971, three percent (3/) of <br />the gross business done by LESSEE on all sales and services, excepting <br />food and merchandise. <br />B. During the next ten (10) years, four percent (4%) of the gross <br />business as defined hereinabove. <br />C. During the next five (5) years, five percent (5`/) of said gross <br />business as defined hereinabove. <br />D. Said amounts of rent herein provided for shall be due as <br />follows: The first payment hereafter shall be due upon the first day <br />of January, 1965, and shall be the rent for the period beginning <br />October 1, 1964, through December 31, 1964, and rent thereafter shall <br />become due quarterly on the first day of April, the first day of July, <br />the first day of October, and the first day of January of each and <br />every year thereafter, all payments hereafter, excepting the last <br />payment, to be upon a calendar quarterly basis and to be paid in <br />-2- <br />