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HomeMy WebLinkAbout740597 t\ �1 RESOLUTION WHEREAS, it is the desire of the Board of County Commissioners, Weld County, Colorado, to lease from The Greeley Leasing Company, Greeley, Colorado, for the use of the Weld County Sheriff's Department, the following automobiles, to-wit: 1 - 1973 Ford Maverick, 4 dr. Sedan Motor No. 3K92L205950 1 - 1973 Ford Maverick, 4 dr. Sedan Motor No. 3K92L205953 1 - 1974 Ford Maverick, 4 dr. Sedan Motor No. 4K92F144760 including all extra equipment and appurtenances as per motor vehicle lease agreements Nos. 354, 355 and 417 respectively attached hereto and made a part hereof by reference, for monthly rental prices all as shown within the aforementioned lease agreements covering each vehicle. NOW, THEREFORE, BE IT RESOLVED, that the County of Weld, State of Colorado, agrees to lease from The Greeley Leasing Company, the aforementioned vehicles upon all of the terms and conditions as recited in said lease agreements thereto. Dated this 6th day of February, A. D. , 1974. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO �� Ac LC / 4 �-£ C ti_/ Ccci +1 ,rt ATTEST: _ / � v Weld County Clerk and Recorder and Clerk to the Board r . By rr'6- zC l ✓(� 4.4., Ij_.c2q Deputy County Clerk APP ;tAtney S TO .KURM /j • lj' Lc )1, 1 '0197 740597 SUPPLEMENT AND ORDER TO DATE: A:r. 4, 1973 MOTOR VEHICLE LEASE AGREEMENT NO. 354 LESSOR: Greeley Leasing L'ompsny LESSEE: Weld Uounty 716 11th Street P.O. Box 758 Greeley, Colo. 80631 Greeley, Colo. 80631 VEHICLE TO BE LEASED YEAR MODEL MAKE I.D. NUMBER TERM DELIVERY DATE 1973 Naverick 4Dr Scn E'ord 3K92L205950 24 Kos Apr. k, 1973 250 CID 4v Yingiramgicaorpcx6xxxin 6 cylinder engine, vinyl seat trim, EQUIPPED AS FOLLOWS: cruiseowatic trancini 'sion, 14" steel belted radial gly BSS[ Tires, power st ering, air conditioning, AN radio, tinted glass, List pricd S3343.23 TERMS OF LEASE Z " PERIOD 1 TO '�? MONTHS _% OF BASE PRICE $ MONTHLY RENTAL °f111,3/ COLORADO SALES TAX GREELEY SALES TAX I:aintenance • `‘ TOTAL MONTHLY RENTAL A 0.83 AGREEMENT AND PROVISIONS OF LEASE LEASING CO. PAYS LESSEE PAYS DELIVERY ] TITLE, LISCEN6E AND REGISTRATION I I TAXES Personal Property, Excise or Privilege Taxes or any assessment arising from Lessee's use in any particular locality I ] LUBRICATION Yea I ] OIL & FILTER /^ Change every 3,000 miles r,.t' [ I Addition t>4 I ] FACTORY RECOMMENDED PRVENTIVE MAINTENANCE SCHEDULE >4 [ ] WINTERIZING Y,X [ ] STATE INSPECTION EVERY 6 MONTHS ` [ ] TIRES New Tires Allowed [ ] Snow Tires 11s( I ] MECHANICAL MAINTENANCE .(�}' [ ] GASOLINE 1 1 GARAGE & PARKING FEES [ ] TRAFFIC & PARKING VIOLATIONS I ] ixt INSURANCE Collision $ Deductible [ ] Comprehensive $ Deductible I 1 p� Liability $ 100,000/300,000 Bodily Injury [ 1 '�` $ 25,000 Property Damage [ 1 n ACCIDENT REPAIR /�.�l I 1 N LEASE ACCEPTED �efle \4G) 1. y MONTHS-7 ;OW. 4 1973 --n /,,WELT C,0 I Y JJJJ r r- :1 ',-(7,1 Greeley Leasing Oomnany _/��Y " �`�� L St ESS /y�7 y r 4.25-- VEHIL....E LEASE AND AGREEN...'NT No. 354 & 355 THIS AGR1fEMEyI'T, made and.entered upon this 4th Aprilf `��rll A.D., 19 73 by and .�ureeey .Leas_no o. Corp. 710 o ltn et. D between MX:R3CC8127C SK ;7G27.tY a Colorado 7 afire` eisl' whose address is ATfi } fgGNYKXYei4, Post Office Box a,Greeley, Colorado, herein- after called the "Company", and field County hereinafter called the "Hirer"; WITNESSETH: ESSETH: In consideration of the mutual promises hereinbelow set forth and of other good and valuable considerations, the receipt and adequacy of which is hereby acknowledged, Company and Hirer agree as follows: FIRST: The Company agrees to lease unto the Hirer the vehicles described in the schedule attached hereto, incorporated herein by reference and made a part of this Agreement. Maintenance SECOND: The KxX t CO.flfNny agrees to provide garage services on said vehicles; PROVIDED, and Service however such services shall include only lubrication, oil changes, inspection and antifreeze and t:1.d.nterinnue (;,.G rife,' n 31ntenanCe curl loiiient. THIRD: The _rarer agrees to maintain said vehicles in good mechanical condition and running order at all times subject only to such periods of time as may be necessary to so maintain said vehicles. Tires FOURTH: The Coi:ip21ny agrees to provide all necessary tires and •tubes for said ve- hiclev due to normal wear and tear. Hirer License FIFTH: The agrees to provide all necessary vehicle license plates and pay all property taxes on said vehicles for the State o£ Colorado only. Charges SIXTH: The Hirer agrees to pay the Company as a rental fee for the use of each of said vehicles a sum specified on the at- tached schedule and consisting of: ±3.11,1A33 A. A fixed per Unit rental charge plus s."39.50 per month for ."TJ.int eilf?.T1Ce B. A mileage charge to be effective altar 60,000 miles s aer year Ter unit s .r.O3 per mile. SEVENTH: The Hirer agrees to pay the Company within seven days after receipt of invoices the charges due from the Hirer to the Company. Drivers EIGHTH: The Hirer agrees to provide safe and careful licensed drivers for said vehicles and to require said drivers to operate all vehicles with reasonable care and in an economical manner. NINTH: The Hirer agrees to pay the Company for any damage caused by reckless or abusive handling or overloading of said vehicles while in the possession of the Hirer, the Hirer's agents or any other party using the said vehicle by authority of the Hirer or the Hirer's agents. Insurance TENTH: 71G1C7CORLIC'Sir.SifleeX}7X}E2@i4s'$ilalCrioC3CAMWRCiCa6lalaiiKihC-.GK�t$diltardMiKXaZdCVAVAL§}aC.00:ESCOE?S: tiXXX XXX XXX XXXXXF.XXXXXXWECI:ilid.rxurelidef:PACON IlatX.96WD;Ra figtXId C;BXGGKX9EPWOcCKIX_b'R01 ltiWI KJAi4Y)eiC igarnataxxiiViiiirsin ELEVENTH: The Hirer agrees to assume liability for collision and upset damage to said vehicles in case of any accident;}F]2PJX X>XX MXStlett:'t'wtyfA:1O03.:. TWELFTH: The Hirer agrees to assume full responsibility for all claims for public liability and/or property damage resulting from the operation of said vehicles. sheer THIRTEENTH: agrees to vehicles naming the Company and Hirer as assured g property eyse insurance muse as the operation of said , P Y parties for public liability and damage in limits as follows: Bodily Injury, $ 13a,000.00 each croon; Bodily . P injury $...ln� y 000 00 each accident; Property Damage $ 25,000.00 FOURTEENTH: The Hirer agrees to release the Company from any and all liability for damage caused the Hirer because of the failure of said vehicles to transport and deliver the Hirer or any agent or employee of the Hirer to a certain destination within any certain length of time for any purpose whatsoever. FIFTEENTH: The Hirer agrees that none of said vehicles will be operated or used in violation of any law or ordinance and that it will hold the Company harmless for any and all fines, forfeitures, and penalties for the violation of any laws or ordinances arising out of the Hirer's use and operation of said vehicles. SIXTEENTIIi The Hirer agrees to pay any special tax or license fee required by the business of the Hirer, any provision of this Special Agreement to the contrary notwithstanding. Licenses SEVENTEENTH: The Hirer agrees that when it is directed by Paragraph 2 and Paragraph 3 that the Company shall perform garage services and/or maintenance for said vehicles, to make available said vehicles to the Company at approximate intervals of one thousand miles in order that routine maintenance and inspection can be performed; and to make said vehicles available to the Company at any other reasonable time and for such reasonable intervals as are necessary for the Company to maintain said vehicles in good me- chanical condition and running order as above specified. EIGHTEENTH: The Hirer agrees to operate said vehicles in a manner which will not result in the deterioration of the appearance thereof other than caused by normal use and to pay any and all costs of maintaining the good appearance of said vehicles. Termination NINETEENTH: Lon. and Hirer mutually agree tnat, any provision of t agreement to the contrary notwithstanding, as to any vehicle leased by the Company to the Hirer under the terms hereof, either party may terminate this lease as to any vehicle by giving thirty (30) days' written notice prior to 12 months after delivery abtlfriffiCIOXWOMOWIENXICOt< M.XX "fl.:C.i, :=COCCXX: 2..:K_`i{,'v„ar-r rX to the other party, said notice to be deposited in the United States mails, postage prepaid, and directed to the address of the other party as set forth above. If Hirer shall so terminate this Agreement, Hirer Past purchase each of the vehicles affected thereby, for cash or upon terms agreeable to the Company at the original value specified in the Schedule made part hereof, less depreciation thereon computed at 20 for each full year of use hereunder, provided, however, that the purchase price shall not in any event he less than an amount equal to fifteen (15)% of the original value specified therefor in said Schedule. If the Company shall so terminate this lease, Hirer shall have the option to purchase the vehicles affected thereby, on the basis and for the price above set forth, except that the Company's right to cancel shall not depend upon Hirer's election to purchase, and except that no termination by the Company shall in any way relieve Hirer of liability for any amounts owing under this Agreement. Breach TWENTIETH: The Company and Hirer mutually agree that when it is directed by Paragraph 2 and Paragraph 3 that the Com- pany shall maintain the vehicles, in no instance will the Hirer have any repairs made to any of the said vehicles at any place other than at the service facilities of the Company except when said vehicles are outside the operational area of the Company. In case of this exception, The Company will reimburse the Hirer for any repairs made to motivating, parts or safety devices, or for routine mainten- ance upon presentation of a receipted bill; PROVIDED, however that before any repair or part replacement is undertaken by the Hirer pursuant to the foregoing execption which shall exceed the cost of $15.00, the consent of the Company must be obtained in advance by any means of communication including collect telephone calls. TWENTY-FIRST: The Company and Hirer mutually agree that body dents and paint scratches are not caused by normal use of said vehicles. TWENTY-SECOND: The Company and Hirer mutually agree that the Company may at its election at any time during the ex- istence of this Agreement, substitute a different vehicle of similar description for any of the said vehicles leased hereunder. TWENTY-THIRD: The Company and Hirer mutually agree that the Company shall not be liable for failure to perform any of its covenants under this AGREEMENT if such failure shall have resulted from fire, riot, strike, or other labor trouble, any government regulation or restriction, or any cause beyond the control of the Company. TWENTY-FOURTH: The Company and Hirer mutually agree that time is of the essence of this Agreement and in the event the Hirer is in default of the performance of any of the provisions hereunder and such a default continues for a period of ten days after written notice of such default shall have been given by the Company to the Hirer, by depositing such notice in the United States mails, postage prepaid, directed to the Hirer at the address above given, the Company may at its election: a. Repossess with or without order of Court the vehicle or vehicles as to which such notice has been so directed, and the Hirer agrees to give up possession of such vehicle in a peaceable manner, and the Hirer further agrees to pay the Company as liquidated damages a sum amounting to the total of the per'month rental charges for such vehicle or vehicles computed to the first termination date of this Agreement. b. Or in the event such intention is expressed by the Company in said notice of defaut to terminate this Agreement, and upon the expiration of said ten days' notice, the Hirer shall be deemed to have agreed to purchase such vehicle or vehicles on terms as set forth in Paragraph Nineteen above. IN WITNESS WHEREOF, this lease has been executed in duplicate originals by the Parties this 4th day of Araril , 1973 xgx SCHEDULE Car Original Charge Mileage No. Make Model Equipment Motor No. Value Per Mo. Rate 354 Ford Naverick (See SSu element) 3K92L205950 ;;3343.23 150.83 •03 per mil after 60,00C 355 Ford Maverick (Seeaupplesent) 3R92L205953 (?3343.23 `t150.83 n GPKTIEY LEASIFG COUPANY giaaltiefflaY. A ATTEST: Deposit The Company acknowledges receipt of $ from the Hirer as a guarantee deposit. The Company agrees that in the event the Hirer shall fully and faithfully perform all agreements and obligations contained in this Agreement such deposit shall be re- paid to the Hirer promptly upon the termination of this Agreement, the Hirer agrees that the Company may use all of such deposit, or so much thereof as may be necessary, to complete the defaulted per formance of the Hirer. The Hirer further agrees that the forfeit of all or any part of such deposit shall not in any way abrogate the Company's right to pursue other remedies contained in this agreement. _.EE:. 1I..i vut2Aii1 SARNEIECICCAIWONJORECILENIC ATTEST: By 1 SUPPLEMENT AND ORDER TO DATE: .or. 4, 1973 MOTOR VEHICLE LEASE AGREEMENT NO. 355 LESSOR: Greeley Lensing Company LESSEE: Weld uonnty 716 11th Street- P.O. Box 758 Greeley. Colo. 80631 Greeley, Colo. 80631 VEHICLE TO BE LEASED YEAR MODEL MAKE I.D. NUMBER TERM DELIVERY DATE 1973 Maverick 4Dr S J. Ford 3K92L205953 12 Kos Apr. 4, 1q73 250 CID 4v 6Cylinder engine, vinyl seat trim, cruiseoreatic tr_nsniasi EQUIPPED AS FOLLOWS: 14" steelt belted =dsla radial tires 33W, power steering, sir con- ditioning, All radio, Tinted glass, . List Price 33343.23 TERMS OF LEASE PERIOD 1 TO 12 MONTHS _% OF BASE PRICE $ MONTHLY RENTAL $111.33 COLORADO SALES TAX GREELEY SALES TAX Maintenance TOTAL MONTHLY RENTAL 150.33 y AGREEMENT AND PROVISIONS OF LEASE LEASING CO. PAYS LESSEE PAYS DELIVERY ( l TITLE, LISCENSE AND REGISTRATION [ ] `44' TAXES Personal Property, Excise or Privilege Taxes or any assessment arising from Lessee's use in any particular locality [ ] LUBRICATION �t,Q` OIL & FILTER ( Change every 3,000 miles >r ( ] Addition >t ( ] FACTORY RECOMMENDED PRVENTIVE MAINTENANCE SCHEDULE 10C [ ] WINTERIZING I ] STATE INSPECTION EVERY 6 MONTHS lrr [ ] TIRES New Tires Allowed >C ( ] Snow Tires *d [ ] MECHANICAL MAINTENANCE 1Pr [ ] GASOLINE ( ] GARAGE & PARKING FEES I ] TRAFFIC & PARKING VIOLATIONS [ ] MI INSURANCE Collision $ Deductible ( ] Ad' Comprehensive $ Deductible [ ] )dt Liability $ 100,000/300,000 Bodily Injury I ] PIC $ 25,000 Property Damage [ I ACCIDENT REPAIR I ] PC LEASE ACCEPTED twelve (12) MONTHS-DATE Apr. 4, 1973 WILD C0UNTr RK ",y L T/2 y ITf t^' SteL7.-"1- IsJ SUPPLEMENT AND ORDER TO DATE: Dec. 19, 1973 MOTOR VEHICLE LEASE AGREEMENT NO. 417 • LESSOR: Greeley Leasing Co. LESSEE: Weld County 716 11 Street P.O. Box 758 Greeley, Colo. 80631 Greeley, Colo. 80631 VEHICLE TO BE LEASED YEAR MODEL MAKE I.D. NUMBER TERM DELIVERY DATE 1974 Maverick 4DrScITI Ford 4K92F144760 24 Mos. Dec. 19, 1973 302 2v V8 Engine, Cruiseomatic transmission, D78x14 belted WSW tires, EQUIPPED AS FOLLOWS: tinted glass, power steering, AM Radio, air conditioning, Manual front disc brakes, Deluxe bumper guards, Med. Lime Yellow, List Price: $3632.95 TERMS OF LEASE PERIOD 1 TO 24 MONTHS _% OF BASE PRICE $ MONTHLY RENTAL $134.35 COLORADO SALES TAX exempt GREELEY SALES TAX -� Maintenance 7" 39.5Q TOTAL MONTHLY RENTAL $173.0 AGREEMENT AND PROVISIONS OF LEASE LEASING CO. PAYS LESSEE PAYS DELIVERY bd [ ] TITLE, LISCENSE AND REGISTRATION [ ] (d TAXES Personal Property, Excise or Privilege Taxes or any assessment arising from Lessee's use in any particular locality [ ] [jd LUBRICATION ( ] OIL & FILTER Change every 3,000 miles [ ] Addition [d [ ] FACTORY RECOMMENDED PRVENTIVE MAINTENANCE SCHEDULE [x] [ ] WINTERIZING [ ] STATE INSPECTION EVERY 6 MONTHS [7t) [ ] TIRES New Tires Allowed P1 ( ] Snow Tires [ ] MECHANICAL MAINTENANCE [7y [ ] GASOLINE [ ] [xi GARAGE & PARKING FEES [ 1 PQ TRAFFIC & PARKING VIOLATIONS - [ ] (74f INSURANCE Collision $ Deductible [ ] []d Comprehensive $ Deductible [ ] [x] Liability $ 100,000/300,000 Bodily Injury I 1 P1 $ 25,000 Property Damage I I P1 ACCIDENT REPAIR [ ] LEASE ACCEPTED Twenty-Four (24) MONTHS-DAT Dec. 19, 1973 WELD C0U T / GREE S 0. C / Cc lco � -Glob 4" LESSOR r- VEHIt.LE LEASE AND AGREEI.. NT No, 417 THIS AGREEMENT, made and entered upon this 19th December day of GREELEY LEASING CO. Corp. A.D., 19 73, by and C between ( gX a Colorado 716 11 St D , whose address is LlflEhfltt%h@7OitR9¢}tg, Post Office Box: , Greeley, Colorado, herein- after called the "Company", and Weld...C.ounty "-"' hereinafter called the "Hirer"; WITNESSETH: In consideration of the mutual promises hereinhelow set forth and of other good and valuable considerations, the receipt and adequacy of which is hereby acknowledged, Company and Hirer agree as follows: FIRST: The Company agrees to lease unto the Hirer the vehicles described in the schedule attached hereto, incorporated herein by reference and made a part of this Agreement. Maintenance SECOND: The Company and Service agrees to provide garage services on said vehicles; PROVIDED, however such services shall include only lubrication, oil changes, inspection and antifreeze and maintenance as per maintenance supplement. THIRD: The Hirer and running order at all times subject only to such periods of time as may gbe snecessary to maintain to soa�dmaintain s in good said vehicles.mechanical condition Tires FOURTH: The Company agrees to provide all necessary tires and tubes for said ve- hicles due to normal wear and tear. License FIFTH: The Hirer all property taxes on said vehicles for the State of Colorado only. agrees to provide all necessary vehicle license plates and pay Charges SIXTH: The Hirer agrees to pay the Company as a rental fee for the use of each of said vehicles a sum specified on the at- tached schedule and consisting of: A. A fixed .._......_.$134.35 rental charge Plus $39.50 per monthfor maintenance. B. A mileage charge to be effective After 6o,000 miles per year per unit@ $.0j per mile. SEVENTH: The Hirer agrees to pay the Company within seven days after receipt of invoices the charges due from the Hirer to the Company. Drivers EIGHTH: The Hirer agrees to provide safe and careful licensed drivers for said vehicles and to require said drivers to operate all vehicles with reasonable care and in an economical manner. NINTH: The Hirer agrees to pay the Company for any damage caused by reckless or abusive handling or overloading of said vehicles while in the possession of the Hirer, the Hirer's agents or any other party using the said vehicle by authority of the Hirer or the Hirer's agents. Insurance TENTH: 3EIcaoc p'teacsour amuctoratooppr aroex7i1749R7C8D6xtex3G'Iaetnotau 3[pEq(DSxkxxxx XX XX.X3GrXX'xxXXXXXXXX.` XXXX3'i'flalkaerat oNX 7d3e•,x5 nfatiOfaXICutVieXi€XX XY oXY.7FlGIt}Q#3GXaX�TiSGxgf iraL • ELEVENTH: The Hirer agrees to assume liability for collision and upset damage to said vehicles in case ofany• accident; l�TJCX 141(41 f,gaC XXXXXXXXXXXXXXXXxxxxxxxxx c ��ij TWELFTH: The Hirer agrees to assume full responsibility for all claims for public liability and/or property damage resulting from the operation of said vehicles. THIRTEENTH; Hirer agrees to purchase insurance covering the operation of said vehicles naming the Company and Hirer as assured parties for public liability and property damage in limits' as follows: Bodily Injury, $ a.9Q.,000.,00 each person; Bodily injury $ 3GOtooO.go $ 25,000.00 each accident; Property Damage FOURTEENTH: The Hirer agrees to release the Company from any and all liability for damage caused the Hirer because of the failure of said vehicles to transport and deliver the Hirer or any agent or employee of the Hirer to a certain destination within any certain length of time for any purpose whatsoever. FIFTEENTH: The Hirer agrees that none of said vehicles will be operated or used in violation of any law or ordinance and that it will hold the Company harmless for any and all fines, forfeitures, and penalties for the violation of any laws or ordinances arising out of the Hirer's use and operation of said vehicles. Special SIXTEENTH: The Hirer agrees to pay any special tax or license fee required by the business of the Hirer, an Licensee to the contrary notw�[hstanding. y provision Agreementof this SEVENTEENTH: The Hirer agrees that when it is directed by Paragraph 2 and Paragraph 3 that the Company shall perform garage services andior maintenance for said vehicles, to make available said vehicles to the Company at approximate intervals of one thousand miles in order that routine maintenance and inspection can be performed; and to make said vehicles available to the Company at any other reasonable time and for such reasonable intervals as are necessary for the Company to maintain said vehicles in good me- chanical condition and running order as above specified. EIGHTEENTH: The Hirer agrees to operate said vehicles in a manner which will not result in the deterioration of the appearance thereof other than caused by normal use and to pay any and all costs of maintaining the good appearance of said vehicles. Termination NINETEENTH: t ompa and Hirer mutually agree that, any provision of this .,reemen. TO the contrary notwithstanding, as to any vehicle leased by the Company to the Hirer under the terms hereof, either party may terminate this lease as to any vehicle by giving thirty (30) days' written notice prior to 12 months after delivery X}gam xxxxxxxxacxxxxxxxvvvxiomcxv-Ynvvvvnaeemc to the other party, said notice to be deposited in the United States mails, postage prepaid, and directed to the address of the other party as set forth above. If Hirer shall so terminate this Agreement, Hirer Must purchase each of the vehicles affected thereby, for cash or upon terms agreeable to the Company at the original value specified in the Schedule made part hereof, less depreciation thereon computed at 20 for each full year of use hereunder, provided, however, that the purchase price shall not in any event he less than an amount equal to fifteen (15)% of the original value specified therefor in said Schedule. If the Company shall so terminate this lease, Hirer shall have the option to purchase the vehicles affected thereby, on the basis and for the price above set forth, except that the Company's right to cancel shall not depend upon Hirer's election to purchase, and except that no termination by the Company shall in any way relieve Hirer of liability for any amounts owing under this Agreement. Breach TWENTIETH: The Company and Hirer mutually agree that when it is directed by Paragraph 2 and Paragraph 3 that the Com- pany shall maintain the vehicles. in no instance will the Hirer have any repairs made to any of the said vehicles at any place other than at the service facilities of the Company except when said vehicles are outside the operational area of the Company. In case of this exception, The Company will reimburse the Hirer for any repairs made to motivating, parts or safety devices, or for routine mainten- ance upon presentation of a receipted bill; PROVIDED, however that before any repair or part replacement is undertaken by the Hirer pursuant to the foregoing exception which shall exceed the cost of $15.00, the consent of the Company must he obtained in advance by any means of communication including collect telephone calls. TWENTY-FIRST: The Company and Hirer mutually agree that body dents and paint scratches are not caused by normal use of said vehicles. TWENTY-SECOND: The Company and Hirer mutually agree that the Company may at its election at any time during the ex- istence of this Agreement, substitute a different vehicle of similar d escription for any of the said vehicles leased hereunder. TWENTY-THIRD: The Company and Hirer mutually agree that the Company shall nat be liable for failure to perform any of its covenants under this AGREEMENT if such failure shall have resulted from fire, riot, strike, or other labor trouble, any government regulation or restriction, or any cause beyond the control of the Company. TWENTY-FOURTH: The Company and Hirer mutually agree that time is of the essence of this Agreement and in the event the Hirer is in default of the performance of any of the provisions hereunder and such a default continues for a period of ten days after written notice of such default shall have been given by the Company to the Hirer, by depositing such notice in the United States mails, postage prepaid, directed to the Hirer at the address above given, the Company may at its election: a. Repossess with or without order of Court the vehicle or vehicles as to which such notice has been so directed, and the Hirer agrees to give up possession of such vehicle in a peaceable manner, and the Hirer further agrees to pay the Company as liquidated damages a sum amounting to the total of the per month rental charges for such vehicle or vehicles computed to the first termination date of this Agreement. b. Or in the event such intention is expressed by the Company in said notice of defaut to terminate this Agreement, and upon the expiration of said ten days' notice, the Hirer shall be deemed to have agreed_to purchase such vehicle or vehicles on terms as set forth in Paragraph Nineteen above. IN WITNESS WHEREOF, this lease has been executed in duplicate originals by the Parties this 19th day of December 1973 >� SCHEDULE Car Original Charge Mileage No. Make Model Equipment Motor No. Value Per Mo. Rate 417 Ford Maverick (See Supplement) 4K92F144760 $3632.95 $173.35 $.03per mil after 60,0C miles_ tIcilattaSZYX ATTEST: ..t Artire7>(17 Deposit The Company acknowledges receipt of $ from the Hirer as a guarantee deposit. The Company agrees that in the event the Hirer shall fully and faithfully perform all agreements and obligations contained in this Agreement such deposit shall be re- paid to the Hirer promptly upon the termination of this Agreement, the Hirer agrees that the Company may use all of such deposit, or so much thereof as may be necessary, to complete the defaulted performance of the Hirer. The Hirer further agrees that the forfeit of all or any part of such deposit shall not in any way abrogate the Company's right to pursue other remedies contained in this agreement. ONFINSISAccANWANSPEratWIT ATTEST: By Hello