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LEASE AGREEMENT
<br />Please fax completed agreement to 1-888- 329 -8796
<br />Questions or need assistance? Cell 1- 888- 550.fl795
<br />Eveff3wk
<br />COMMERCIAL FINANCE'
<br />Lease Agreement - 2P Golf and Turf V14 09012012
<br />This Lease has been written in "Plain English." When we use the words Lessee, You and Your In this Lease, we mean the Lessee Indicated below. When we use the words
<br />Lessor We, Us, and Our In this Lease, We mean EverBank Commercial Finance Inc. Our address Is 10 Watarview Boulevard Parsi an Now Jersey 07064.
<br />LESSEE
<br />Lessee Name
<br />Leese Number
<br />INFORMATION
<br />CITY OF NORTH OLMSTED OHIO DBA SPRINGVALE GOLF COURSE & BALLROOM
<br />41075015
<br />Billing Street Address/CitylCounty /SlatelDp
<br />5200 DOVER CENTER ROAD, NORTH OLMSTED, CH. 44070
<br />Federal Tax ID Number
<br />1 ..... 2048
<br />Equipment Location (if different from above)
<br />Lessee Phone Number
<br />5200 DOVER CENTER ROAD, NORTH OLMSTED, OH, 44070
<br />(440) 777 -8000
<br />SUPPLIER
<br />Supplier Name ("SUPPLER")
<br />INFORMATION
<br />BAKER VEHICLE SYSTEMS, INC.
<br />Street Address/Clly /StalefZip
<br />Supplier Phone Number
<br />9035 FREEWAY DRIVE, MACEDONIA OH 44058
<br />EQUIPMENT
<br />MakelModellAccessorjes
<br />Quantity
<br />Serial Number
<br />DESCRIPTION
<br />JACOBSEN ECLIPSE 322 GAS /HYBRID TRIPLEX GREENS MOWER
<br />1
<br />Including attachments & accessories
<br />PURCHASE
<br />Check one applicable box. If no box Is checked or If more than one box Is checked, the Fair Market Value Purchase Option will apply.
<br />OPTION
<br />X $1.00 Purchase Option $101.00 Purchase Option Fair Market Value Purchase Option
<br />Fixed Price Purchase Option of % of the Total Cash Price (defined in Section 1)
<br />PLUS
<br />TERM AND
<br />Initial Lease Term
<br />Lease Payment:
<br />You agree to pay at the time You stgn this Lease:
<br />PAYMENT
<br />(mons):
<br />th
<br />4 Q $8,418.37
<br />A Total Number of Advances: 0
<br />APPLICABLE
<br />B Total Advance Payment: 0.00
<br />SCHEDULE
<br />48
<br />TAXES
<br />C ) Sales/Use Tax on Lease Payment: $0.00
<br />(sea Section 1 on page 2 of
<br />D One-time Documentation Fee: $250.00
<br />this Lease)
<br />E Total Due: $250.00
<br />Payment Frequency: ANNUAL
<br />If more than one Lease Payment Is required In advance, the additional
<br />amount will be applied at the end of the Initial or any renewal term.
<br />INSURANCE &
<br />You are required to provide and maintain insurance related to the Equipment, and to pay any property, use, and other taxes related to this Lease or the
<br />TAXES
<br />Equipment. (See Sections 4 and 6 on page 2 of this Lease.) If You are tax-exempt, You agree to furnish Us with satisfactory evidence of Your
<br />exemption.
<br />TERMS AND CONDITIONS
<br />BY SIGNING THIS LEASE YOU ACKNOWLEDGE THAT YOU: (1) HAVE READ AND UNDERSTAND THE TERMS AND CONDITIONS ON THE FRONT AND SECOND PAGE
<br />OF THIS LEASE, (ii) AGREE THAT THIS LEASE IS A NET LEASE THAT YOU CANNOT TERMINATE OR CANCEL, YOU HAVE AN UNCONDITIONAL OBLIGATION TO
<br />MAKE ALL PAYMENTS DUE UNDER THIS LEASE, AND YOU CANNOT WITHHOLD, SETOFF OR REDUCE SUCH PAYMENTS FOR ANY REASON, (iii) WILL USE THE
<br />EQUIPMENT ONLY FOR BUSINESS PURPOSES, (iv) WARRANT THAT THE PERSON SIGNING THIS LEASE FOR YOU HAS THE AUTHORITY TO DO SO, (v) CONFIRM
<br />THAT YOU DECIDED TO ENTER INTO THIS LEASE RATHER THAN PURCHASE THE EQUIPMENT FOR THE TOTAL CASH PRICE, (A) AGREE THAT THIS LEASE WILL
<br />BE GOVERNED BY THE LAWS OF THE STATE OF NEW JERSEY AND YOU CONSENT TO THE JURISDICTION OF ANY LOCAL, STATE OR FEDERAL COURT
<br />LOCATED WITHIN NEW JERSEY. YOU AND WE EXPRESSLY WAIVE ANY RIGHTS TO A TRIAL BY JURY, AND (vil) IF THIS LEASE IS REPLACING AN EXISTING
<br />LEASE, THE NEW PAYMENT MAY INCLUDE THE BALANCE OF THAT LEASE AND RESULT IN A GREATER AGGREGATE COST TO YOU. For security purposes and to
<br />help the government fight terrorism and money laundering activities, Federal law requires all financial Institutions to obtain, verify, and record Information that
<br />identifies each Individual or commercial entity that enters Into a customer relationship with the financial Institution. For this reason, We may request the following
<br />identifying Information: name, address, date of birth. We may also ask other questions or request other documents meant to verify Your Individual or commercial
<br />identity.
<br />CITY OF NORTH OLMSTED, OHIO DBA SPRINGVALE GOLF
<br />EVERBANK COMMERCIAL FINANCE, INC.
<br />COURSE & BALLROOM
<br />Lessor
<br />Lessee
<br />X
<br />X
<br />Authorized Signature
<br />Authorized Signature
<br />Print Name and Title Data I
<br />Print Name and Tide Date
<br />PERSONAL GUARANTY
<br />THIS PERSONAL GUARANTY CREATES SPECIFIC LEGAL OBLIGATIONS. When we use the words You and Your in this Personal Guaranty only, we mean the Personal
<br />Guarantor(s) indicated below. When we use the words We, Us and Our in this Personal Guaranty, We mean EverBank Commercial Finance, Inc. In consideration of Our
<br />entering Into the lease agreement identified above ( "Lease "), You unconditionally and irrevocably guarantee to Us, Our successors and assigns the prompt payment and
<br />performance of all obligations of the Customer identified above ( "Lessee') under the Lease. You agree that this is a guaranty of payment and not of collection, and that We may
<br />proceed directly against You without first proceeding against the Lessee or against the equipment covered by the Lease. You waive all defenses and notices, including those of
<br />protest, presentment and demand. You agree that We may renew, extend or otherwise modify the terms of the Lease and You will be bound by such changes. If the Lessee
<br />defaults under the Lease, You will immediately perform all obligations of the Lessee under the Lease, including, but not limited to, paying all amounts due under the Lease. You
<br />will pay to Us all expenses (including attorneys' fees) Incurred by Us in enforcing Our rights against You or the Lessee. This is a continuing guaranty which will not be discharged
<br />or affected by Your death and will bind Your heirs and personal representatives. You waive any rights to seek repayment from the Lessee in the event You must pay Us. If more
<br />than one personal guarantor has signed this Personal Guaranty, each of You agrees that Your liability is joint and several. You authorize Us or any of Our assignees to obtain
<br />credit bureau reports regarding Your personal credit, and make other credit inquiries that We determine are necessary.
<br />THIS PERSONAL GUARANTY IS GOVERNED BY THE LAWS OF THE STATE OF NEW JERSEY. YOU CONSENT TO THE JURISDICTION OF ANY LOCAL, STATE, OR
<br />FEDERAL COURT LOCATED WITHI E JERSEY. YOU EXPRESSLY WAIVE ANY RIGHT TO A TRIAL BY JURY.
<br />N/A
<br />NIA
<br />Personal Guarantor (no title)
<br />Personal Guarantor (no Lille)
<br />Print Name Date
<br />Print Name Date
<br />Home Street Addre ss/Clty/State/Zip
<br />Home Street Address /City/State /Zip
<br />Social Security Number Phone Number
<br />Social Security Number Phone Number
<br />Lease Agreement - 2P Golf and Turf V14 09012012
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