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20 � 00030R 3. LICENSEES' DUTIES AND RISKS. It is understood and agreed that the Licensee, Hamilton Investments Limited Partnership may construct, maintain, repair and utilize the private sanitary sewer and water line and the Licensee, Home Federal Savings and Loan Association of Grand Island, Nebraska, may construct, maintain, repair and utilize �he concrete pavement described in paragraph 1 above at the Licensee's sole risk respectively. The Licensees hereby waive any claim for damages against the Licensor, its officers, employees, agents and independent contractors for any damage or injury that may result to said improvement. If the Licensor, in its sole discretion, determines that any part or all of the improvement must be removed or is damaged by the Licensor, its employees, agents or independent contractors working for the Licensor during the course of their employment or duties with the Licensor, the Licensees agree to assume and pay all costs relating to the replacement and repair of their respective improvements described in paragraph 1 above. 4. RESTORATION OF PROPERTY. If the construction or maintenance of the improvement identified in Paragraph 1 above requires the excavation of earth, removal of hard surfacing, grass, vegetation, landscaping, or any other disruption of the surface of the public right-of-way or neighboring property, the respective Licensee who shall have performed the foregoing work shall restore the surface of the area to the same condition as it existed immediately prior to the Licensee's work in the area. 5. EFFECTIVE DATE. This License Agreement shall take effect on the date it is executed by the Mayor of the City of Grand Island as dated below. It shall continue for an indefinite term or until such time as it is terminated as provided hereafter. 6. TERMINATION. This License Agreement shall terminate upon one or more of the following occurrences: (a) The service of sixty (60) days written notice of intention to terminate by any party upon the other party. (b) The Licensees' application for a permit to alter said improvement or any part thereof, unless said permit is for work due to an occurrence as described in Paragraph 3 above and said work has the prior written approval of the Licensor. (c) The Licensees' construction or installation of any structure or improvement of any nature upon the easement held by the Licensor except that described in Paragraph 1 above. Upon the termination of this License Agreement, the Licensees shall be required, and hereby agree, to remove said improvement from the Licensor's easement at their own expense and without cost to the Licensor. Said removal to occur no later than sixty (60) days after receipt of the notice of intention to terminate or any of the occurrences set forth in Paragraph 6 above. Should the Licensees fail to do so, the Licensor may remove or cause the removal of said improvement from the Licensor's easement and the Licensees agree to reimburse the Licensor for all its costs. - 2 -