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date or sooner termination of the Term. The party requesting the recordation of a memorandum of <br />this Lease shall pay the entire cost for recording the same. <br />• 33. INSPECTION AND CONDITION OF THE PREMISES: Lessee <br />acknowledges that it has inspected the Premises and that the Premises are in acceptable condition <br />to Lessee. Lessee hereby accepts the Premises in an "as is" condition and acknowledges that the <br />Lessor has not made any express or implied warranties with respect to the Premises. <br />34. OPTIONS TO RENEW: Lessor grants to Lessee four (4) options to renew this <br />Lease, each for an additional one (1) year term, which must be exercised in writing by certified <br />mail on or before the sixtieth (60th) day prior to the last day of the then -expiring term. The Rent <br />for each year during any renewal tern shall equal the amount of Rent payable during the <br />previous Lease Year increased by the Rent Increase Percentage (defined hereafter). The term <br />"Rent Increase Percentage" shall mean the greater of (a) the percentage increase of the <br />Consumer Price Index for All Urban Consumers for All Items (CPI -U (1982-1984=100)) that <br />occurred during the preceding Lease Year; or (b) the percentage increase in the real estate tax <br />appraisal of the Premises over the tax appraisal given in the preceding Lease Year. For purposes <br />of illustration and without limitation, if the Rent Increase Percentage were 4% and the Rent <br />payable in the previous Lease Year were $4,000 per month, then the Rent for the renewal tern <br />would be $4,160 per month. <br />• (Signatures appear on following page) <br />0 <br />