1994 AGN OCT 04 I06 - Laserfiche WebLink

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3, Rent. Paragraph 5 of the Rental Agreement Is hereby amended in its entirety and shall hereafter read as follows: "5. Bent. 5.1 On or before July 1,1994, BECKETT shall pay to SAWPA a lump sum of $5,000.00 cash. 5.2 Commencing July 1, 1994, BECKETT shall pay to SAWPA as rent for parcel B-1, in Cash and without prior demand and with reduction of offset, the sum of $1,000.00 per month; for Parcel B-2, the sum of $1.00 per month; and for parcel B-3, the sum of $1.00 per month." 4. Past nue Rent. As of June 30, 1994, BECKETT owed SAWPA unpaid rent in the amount of $28,188.93. Upon payment of the lump sum amount of $5,00.00, specified in paragraph 5.1 above, there shall be due and owing from BECKETT to SAWPA the sum of $23,188.93, which sum shall be further reduced by the value of the SARI pipeline easement across the BECKETT property along Agua Manse Road. BECKETT and SAWPA hereby acknowledge and agree that the final amount of past due rent due shall be paid by BECKETT to SAWPA in non-interest bearing installments of $1,000.00 per month, commencing September 1, 1994, until paid. Within three (3) days atter the final amount of past due rent Is determined, BECKETT shall execute and deliver to SAWPA a promissory note for the final amount due. 5. Amendment. Except as provided herein, the Rental Agreement shall remain unaffected, unchanged and unimpaired by reason of this First Amendment. 2