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And it is hereby declared to be the duty of the Board of Trustee[s]
Stanford Junior University after the decease of said Lessor to cause
Agreement to be renewed for successive terms of ten years, upon the t[?]
manner herein set forth for said third term, whenever thereunto duly r[?]
person or persons lawfully entitled to occupy the said demised pre[?]
hereof, or if such renewal be refused, to purchase and pay for the improv
demised premises in the manner herein provided.

Said party of the second part hereby covenants, promises and ag[rees] [to]
not sell, assign or transfer this Lease or any part or portion of the term
or sell or dispose of the improvements that may be erected on said p[remises]
first having obtained the consent in writing of said Lessor or her succes[sors]

And said party of the second part further covenents, promises and
will not borrow money for the erection of improvements on said demised
any building and loan society or corporation, or similar institution.

It is hereby, expressly covenanted, agreed and understood that no [spirits ?]
or intoxicating liquors of whatever kind shall ever at any time be sold [ ?]
premises, and a violation of this covenant shall work a forfeiture.

The said party of the second part further covenants and agrees
all assessments and taxes which may be levied or assessed upon any a[?]
ments on said property during the term of this Lease, the party of the f[irst]
the taxes assessed upon the land. In case of destruction of the impro[vements]
or action of the elements the same shall be restored by the party of the [ ?]
within one year thereafter or this Lease shall be forfeited, if said party [ ?]
shall so elect, and all rights of the Lessee, his heirs, administrators, exec[utors]
and assigns, shall cease and determine forthwith, and said party of the f[irst]
successors shall be entitled to the possession and enjoyment of said pre[mises].

And said party of the second part does hereby covenant, promis[es at]
all times during the continuance of this Lease, or of any extension [?]
keep and maintain said demised premises and all buildings and impro[vements]
thereon in good order and condition, and neat and clean in appearance, [ ?]
rubbish piles or debris to accumulate upon the premises, or any nuisan[ce] [ ?]
tained thereon.

It is further understood and agreed that for a violation by the par[ ?]
part of any of the covenants or conditions of this Lease, the said party
may re-enter upon said premises and take possession of the same and t
terminate and become void, and all the buildings and improvements upo[n]
shall become the property of the part of the first part without con[ ?]
therefor; and the party of the first part, for herself and her successors
covenants and agrees to and with the party of the second part, his [ ?]
administrators and assigns, that the said party of the second part, his
administrators and assigns, paying the said rent and observing and ful[ ?]
conditions and covenants to be by him paid, observed and fulfilled,
peaceably hold, possess and enjoy said premises during the continuance [of]
any extension thereof without let, molestation or hindrance.

This Agreement and Lease shall be, and is hereby declared to be
the heirs, executors, administrators, assigns, successor and successors
hereto of the first and second parts respectively.

In Witness Whereof the respective parties have hereunto set t[hier]
seals, in duplicate, this [handwritten] 24th [end handwritten] day of [handwritten] May, [end handwritten]

[signature bottom right] Jane L. Stanford
Surviving Founder of the Leland Stanford Ju[nior University]
[handwritten] Chi Psi Lodge Assoc
[handwritten] by W. A. Sutherland
Signature J. P. Bernbard
[Image of stamp bottom left] SI U S INTERNAL REVENUE, DOCUMENTARY