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MAY Z~ '97 14~~1 PRUDENTIAL <br />~ <br />~EASE <br />A. DATE OF LEASE: October 1, 1994. <br />B. NAMES AND ADDRESSES;OF PARTIES: <br />Lessor: Herman <br />11802 SE Stark <br />Portland, OR 9~216 <br />Le~s~e: DMO Oregon, PC <br />540 Liberty Street SE <br />Salem, OR 9730I <br />~ <br />P.6 <br />C. PREMISES: The pr~mises leased hereunder are shown on <br />Exhibit "1", attach~d hereto and incorporat~d by this reference <br />herein, which premises are cammonly known as 541 Court Street NE, <br />Sal~m, OrEgon 97301. <br />D. TERM: Th~ term of this lease shall commenc~ on Octob~r <br />~1, 199~ and shall terminate on Decemb~r 31, 1996. <br />E. RENT: Th~ rent h~reunder shall b~ $90o.00 per month <br />commencing on OctobEr 1, 1994. R~nt shall be payabl~ in advance o~ <br />the first day of each month during the term of this Lease, except <br />that the payment for the initial mon~h's r~nc shal~ be due and <br />payable upon the exccution of this Lease. <br />F. SECURITY DEPOSITS: In addition to the rznt called for <br />above, Les~e~ shall pay a security d~posit at the time of the <br />signing of this lease to secure any losses Lessor may have as a <br />resuit of damage to the pr~miges, nonpayment af rent, or other <br />obligaCions af L~s~ee under this Lease. This is noc a~iquidated <br />damages claus~ and LesSee shall continue Lo be responsible For any <br />losses in ~xcess of thi5 amount. The amount of the security <br />depasit charg~d hereunder, to be held by the Lessor without <br />int~rest to the~Lessee, shall be $9a0.0o. Upon full and compiete <br />performance by Lessee af al~ of Lessee's obligations hereunder, <br />Lessor shall, within thirty (30} days of th~ expiration of th~ <br />I.ease cerm, refund to the Lessee or L~ssee' s successor in interest, <br />said s~curicy deposit_ <br />G. FURPOSE: The authoriz~d purpose for which the premisEs <br />are being leased is d~ntistry and for a dental labora~ory- Lessee <br />shall use and occupy the pr~mises for che purpose set forth above <br />and rElated uses and for no othar use or purpos~ without the prior <br />wri~ten consent of Lessor. Neith~r Lessee nor lessor shall do or <br />permic anything to be done in or about the premises, which will in <br />any way obstruct or interfere with the rights of other tenants or <br />occupants of the building. <br />1 - LEASE <br />Ferder, OgdaAL Brandt8lCasebeer <br />A[1(y7nEr5 N WN <br />5!S MC~I 51 5 E ~ <br />P O f4~Y Ba7 <br />$n•FM, Of1ECd]N o7.y~8 <br />