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Mississippi Notice to Renew Residential Lease Contract Form

By Debra Robinson,2014-04-29 05:58
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Mississippi Notice to Renew Residential Lease Contract FormMiss

After Recording Return To:

    ______________________

    ______________________

    ______________________

    ______________________

_________________________ [Space Above This Line For Recording Data] ____________________________

    NOTICE TO RENEW

    RESIDENTIAL LEASE CONTRACT

    This Notice to Renew is made and entered into on the _____ day of ____________, 20____, by and between the Madison County, Mississippi, Board of Education Trustees of the thMadison County School District 16 Section School Lands Trust (“Lessor”) and

    ________________________ (Lessee) according to the following terms and provisions:

A. Lessor and Lessee executed that certain Residential Lease Contract (the “Lease”) for a

    term of _______ years, beginning on the _______day of __________, _______, and terminating on the ____ day of ____________, __________ (the “Primary Term”), covering a parcel of 16th

    Section Land as described therein which is recorded in the office of the Chancery Clerk of Madison County, Mississippi, in Deed Book ______ at Pages ______, being generally described

    as Section 16, Township _________________, Range ______________, Madison County, Mississippi, and being more particularly described as:

    Lot ___, of Part _____, a subdivision which is on file and of record in the Office of the

    Chancery Clerk of Madison County at Canton, Mississippi in Plat Cabinet ____,

    reference to which is hereby made in aid of and part of this description.

    B. This Notice to Renew is executed pursuant to Paragraph (1) of the Lease whereby the Lease provided the Lessee with an option to renew the Lease for an additional term of twenty

    five (25) years pursuant to Miss. Code Ann. ? 29-3-69 (1972) as amended, commencing on the termination date of the Primary Term (the “Initial Termination Date”).

    C. NOW THEREFORE, the Lessor and Lessee do hereby agree to renew the Lease for an additional term of twenty-five (25) years commencing on the Initial Termination Date; and as a result, the Lease shall now terminate on the ____ day of _____________, 20_____ (the “Final

    Termination Date”). Said renewal shall be under the same terms, conditions, and stipulations set forth in the Lease, except the annual rental shall be based upon the fair market value of the subject property, as determined by a qualified appraiser selected by Lessor who performs his or her appraisal not more than twelve (12) months prior to the expiration of the Primary Term.

MISSISSIPPI NOTICE TO RENEW RESIDENTIAL LEASE CONTRACTSingle-FamilyFannie Mae UNIFORM INSTRUMENT Form 3759.25 (8/09) (page 1 of 4 pages)

    D. Except as amended by this Notice to Renew, the existing Lease shall stay in full force and effect and under the same terms, conditions, annual rental, and stipulations set forth in the Lease until the Final Termination Date.

    The Lease, as amended by this Notice to Renew, is ratified and confirmed as the valid and subsisting agreement of the parties but without waiver of remedies for any presently existing default.

    In Witness Whereof, this Notice to Renew is executed by Lessor pursuant to an order entered upon its minutes and is executed by Lessee on the date first stated above.

    LESSOR

     Madison County, Mississippi

    Board of Education

     By: ____________________________

     President of the Board of Education

     By: ____________________________

     Superintendent of Education

     By: _____________________________

     President of the Board of Supervisors

     LESSEE

     _____________________________

     _____________________________

MISSISSIPPI NOTICE TO RENEW RESIDENTIAL LEASE CONTRACTSingle-FamilyFannie Mae UNIFORM INSTRUMENT

     Form 3759.25 (8/09) (page 2 of 4 pages)

STATE OF MISSISSIPPI

    COUNTY OF MADISON

    This day personally appeared before me, the undersigned authority at law in and for the named county and state, the within named _________________, Superintendent of Education and ____________________, President of Madison County School District, who acknowledged that they signed and delivered the above and foregoing instrument of writing on the day and date therein states, in the capacity therein set forth, and having been authorized so to do.

    Given under my hand and official seal on this the ____ day of ___________, 20______.

     ____________________

     Notary Public

My Commission Expires:

STATE OF MISSISSIPPI

    COUNTY OF MADISON

    This day personally appeared before me, the undersigned authority at law in and for the above named county and state, the within named __________________, President of the Madison County Board of Supervisors, who acknowledged that he signed and delivered the above and foregoing instrument of writing on the day and date therein states, in the capacity therein set forth, and having been authorized so to do.

    Given under my hand and official seal on this the ____ day of ___________, 20______.

     _____________________

     Notary Public

My Commission Expires:

MISSISSIPPI NOTICE TO RENEW RESIDENTIAL LEASE CONTRACTSingle-FamilyFannie Mae UNIFORM INSTRUMENT

     Form 3759.25 (8/09) (page 3 of 4 pages)

STATE OF MISSISSIPPI

    COUNTYOF _____________

    This day personally appeared before me, the undersigned authority at law in and for the

    above named county and state, the within named ___________________, who acknowledged

    that he signed and delivered the above foregoing instrument of writing on the day and date

    therein states, in the capacity therein set forth, and having been authorized so to do.

    Given under my hand and official seal on this the ____ day of _______________,

    20______.

     ____________________

     Notary Public

My Commission Expires:

LESSEE’S ADDRESS:

_____________________

    _____________________

    _____, Mississippi 39____

LESSOR’S ADDRESS:

Madison County Board of Education

    117 Forth Street

    Post Office Box 159

    Flora, Mississippi 39071

    (601) 879-3025

INDEXING INSTRUCTIONS:

Lot ___, of Part _____, a subdivision

    Section 16, Township ____________, Range ______________

PREPARED BY:

Madison County Board of Education

    117 Forth Street

    Post Office Box 159

    Flora, Mississippi 39071

    (601)879-3025

    MISSISSIPPI NOTICE TO RENEW RESIDENTIAL LEASE CONTRACTSingle-FamilyFannie Mae UNIFORM INSTRUMENT

     Form 3759.25 (8/09) (page 4 of 4 pages)

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