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(W <br /> 2. The initial term of this lease shall be a period of TWENTY(20)years <br /> commencing on August 1, 1999. <br /> i <br /> 3. The rental for the initial term of this lease shall be the sum of ONE ' <br /> HUNDRED &N0/100 DOLLARS ($100.00)per month(the "Base Rent") for the <br /> FIRST(1')through the TWO HUNDRED FORTIETH(240`b)payment. All <br /> payments shall be payable on the first day of the initial term of this lease and the same <br /> day of each succeeding month. <br /> firâ–º 4. The taxes,if any,on the demised premises shall,during the initial <br /> term and any renewal term of this lease, be paid by LESSEE. <br /> 5. LESSEE shall provide and keep in force,throughout the term of this <br /> Lease Agreement,or any renewals thereof,for the benefit of LESSEE and LESSOR, <br /> general liability insurance policies on standard Arkansas forms of not less than <br /> $1,000,000.00 bodily injury(including death),and$50,000.00 property damage,with <br /> certificates of such insurance to be furnished to LESSOR. LESSEE shall also carry <br /> fire,windstorm and other casualty insurance upon the improvements on the demised <br /> premises with an insurance company authorized to do business within the State of <br /> Arkansas,the amount of such insurance to be not less than the fair market value of tht1') <br /> insurable improvements upon the demised premises,and payable to any mortgagee of <br /> the LESSEE's leasehold interest,LESSEE and LESSOR as their interests appear. i <br /> (W Certificates of such insurance shall be furnished to all Loss payees.For purposes of this <br /> 2 <br />