Hummel v. Shelby

EVAN A. EVANS, Circuit Judge.

On September 4, 1919, appellee executed to the Park Gate Building Corporation, herein called lessee, a 99-year lease covering property known as Nos. 1538-1504 East Sixty-Third street, Chicago, for the agreed rental of $970,000, payable monthly. The lease provided against default in the payment of taxes, rents, etc., and contained, among other clauses, the following:

“Concurrently with the execution of this lease, the lessee has deposited with the lessor the sum of eight thousand dollars ($8,-000.00), said amount to be held and retained by the lessor as security for…