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EXHIBIT 10.4
ADDENDUM TO
LEASE AGREEMENT
MAY 31, 2000
BY AND BETWEEN
DEBTER PROPERTIES, LLC
AND
COMMUNITY BANK
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ADDENDUM TO LEASE AGREEMENT AND LOAN AGREEMENT
This Addendum made and entered into on this 1st day of June, 2000 by
and between Debter Properties, LLC, an Alabama limited liability company
("Debter") and Community Bank, an Alabama banking corporation ("Bank").
WITNESSETH:
WHEREAS, Debter and Bank have entered into a Loan Agreement (the "Loan
Agreement") and a Lease Agreement (the "Lease"), each dated June 1, 2000; and
WHEREAS, the parties thereto desire to modify such agreements as set
forth herein;
NOW, THEREFORE, in consideration of the premises the parties hereto
agree as follows:
1. Notwithstanding Paragraph 2(d) of the Loan Agreement and Paragraph 7 of
the Lease, Bank shall maintain and continue in force throughout the
term of the Lease Fire and Extended Coverage Insurance upon the leased
premises and General Liability Insurance against any and all claims for
injuries to person and property occurring in, upon, about or from the
leased premises, which insurance shall name Debter as an additional
insured.
2. Bank shall pay to Debter the amounts listed in Paragraph 4, including
amounts listed in Paragraph 4(b) of the Lease for insurance, but Debter
shall quarterly reimburse Bank the amount of the insurance premium
which is included in payments made by Bank under Paragraph 4(b) of the
Lease.
3. The provisions of the Loan Agreement and Lease shall remain in full
force and effect unchanged except as provided above.
IN WITNESS WHEREOF, the parties have caused this Addendum to be
executed by their duly authorized representatives as of the day and year first
above written.
DEBTER PROPERTIES, LLC COMMUNITY BANK
By: /s/ Glynn Debter By: /s/ Bishop K. Walker, Jr.
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Its: Operating Member Its: Senior Executive Vice President
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