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Rev 7/6/2012 James R. Mcllwain THE Lamar Co # 243 LINCOLN RENEWAL LEASE 1101 -01 This Instrument Prepared by: James R. Mcllwain 5321 Corporate Boulevard Baton Rouge, Louisiana 70808 WITNESSETH COMPANIES 201309601 SIGN LOCATION ION " LEASE THIS LEASE AGREEMENT, made this day o6. 0 U c.l� , 20 1 by and between: CARLINE A. DENMAN (hereinafter referred to as "Lessor ") and THE LAMAR COMPANIES (hereinafter referred to as "Lessee "), provides "LESSOR hereby leases to LESSEE, its successors or assigns, as much of the hereinafter described lease premises as may be necessary for the construction, repair and relocation of an outdoor advertising structure ( "sign "), including necessary structures, advertising devices, utility service, power poles, communications devices and connections, with the right of access to and egress from the sign by LESSEE'S employees, contractors, agents and vehicles and the right to survey, post, illuminate and maintain advertisements on the sign, and to modify the sign to have as many advertising faces, including changeable copy faces or electronic faces, as are allowed by local and state law, and to maintain telecommunications devices or other activities necessary or useful in LESSEE'S use of the sign. Any discrepancies or errors in the location and orientation of the sign are deemed waived by LESSOR upon LESSOR'S acceptance of the first rental payment due after the construction of the sign. The premises are a portion of the property located in the County of HALL, State of NEBRASKA, more particularly described as: The space currently occupied by the LESSEE'S sign structure on the LESSOR'S property 1 mile north of I -80 on the east side of Hwy 281/34 at mile marker 227.4 Lamar State sign permit #403402274EA 1.This Lease shall be for term of ELEVEN (11) years commencing January 1, 2014 and ending December 31, 202 After the initial lease term this lease will run on a year by year basis. Lessor may terminate this lease after the initial term upon giving the LESSEE 90 days written notice of termination, together with the return of any unearned pre -paid lease rent. 2. LESSEE shall pay to LESSOR an annual rental of $1000.00 to be paid annually in advance. Rent shall be considered tendered upon due mailing or attempted hand delivery during reasonable business hours at the address designated by LESSOR, whether or not actually received by LESSOR. Should LESSEE fail to pay rent or perform any other obligation under this lease within thirty (30) days after such performance is due, LESSEE will be in default under the lease. In the event of such default, LESSOR must give LESSEE written notice by certified mail and allow LESSEE thirty (30) days thereafter to cure any default. 3. LESSOR agrees not to erect or allow any other off - premise advertising structure(s), other than LESSEE'S, on property owned or controlled by LESSOR within two thousand (2000) feet of LESSEE'S sign. LESSOR further agrees not to erect or allow any other obstruction of highway view or any vegetation that may obstruct the highway view of LESSEE'S sign. LESSEE is hereby authorized to remove any such other advertising structure, obstruction or vegetation at LESSEE'S option. 4. LESSEE may terminate this lease upon giving thirty (30) days written notice in the event that the sign becomes entirely or partially obstructed in any way or in LESSEE'S opinion the location becomes economically or otherwise undesirable. If LESSEE is prevented from constructing or maintaining a sign at the premises by reason of any final governmental law, regulation, subdivision or building restriction, order or other action, LESSEE may elect to terminate this lease. In the event of termination of this Lease prior to expiration, LESSOR will return to LESSEE any unearned rentals on a pro rata basis. 5. All structures, equipment and materials placed upon the premises by the LESSEE or its predecessor shall remain the property of LESSEE and may be removed by LESSEE at any time prior to or within a reasonable time after expiration of the term hereof or any renewal. At the termination of this lease, LESSEE agrees to restore the surface of the premises to its original condition. The LESSEE shall have the right to make any necessary applications with, and obtain permits from, governmental bodies for the construction and maintenance of LESSEE'S sign, at the sole discretion of LESSEE. All such permits and any nonconforming rights pertaining to the premises shall be the property of LESSEE. 6. LESSOR represents that he is the owner or lessee under written lease of the premises and has the right to make this agreement and to grant LESSEE free access to the premises to perform all acts necessary to exercise its rights pursuant to this lease. LESSOR is not aware of any recorded or unrecorded rights, servitudes, easements, subdivision or building restrictions, or agreements affecting the premises that prohibit the erection, posting, painting, illumination or maintenance of the sign. LESSOR acknowledges that the terms and conditions of this agreement are confidential and proprietary and shall not be disclosed to any third -party without the written consent of LESSEE.