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THE
<br />Lamar Co #243 RENEWAL LEASE 54057-01
<br />This Instrument Prepared by:
<br />James R. McIlwain
<br />5551 Corporate Boulevard
<br />Baton Rouge, Louisiana 70808
<br />COMPANIES /I Zliq
<br />201906371
<br />James R. Mcllwain SIGN LOCATION LEASE
<br />THIS LEASE AGREEMENT, made this rt day of c- -Tc S r` , 201-� , by and between:
<br />Dianne K. Bockmann Rev. Trust
<br />(hereinafter referred to as "Lessor") and THE LAMAR COMPANIES (hereinafter referred to as "Lessee"), provides
<br />WITNESSETH
<br />"LESSOR hereby leases to LESSEE, it successors or assigns, as much of the hereinafter described lease premises as
<br />may be necessary for the construction, repair and relocation of an outdoor advertising structure ("sign"), including necessary
<br />structures, advertising devices, utility service, power poles, communications devices and connections, with the right of access
<br />to and egress from the sign by LESSEE'S employees, contractors, agents and vehicles and the right to survey, post, illuminate
<br />and maintain advertisements on the sign, and to modify the sign to have as many advertising faces, including changeable copy
<br />faces or electronic faces, as are allowed by local and state law, and to maintain telecommunications devices or other activities
<br />necessary or useful in LESSEE'S use of the sign. Any discrepancies or errors in the location and orientation of the sign are
<br />deemed waived by LESSOR upon LESSOR'S acceptance of the first rental payment due after the construction of the sign.
<br />The premises are a portion of the property located in the County/Parish of HALL State of NEBRASKA, more particularly
<br />described as: The space necessary for the LESSEES existing back to back faced sign on the LESSORS Property 1 mile
<br />north of I-80 on the west side of Hwy 281 MM 227.8 Lamar sign covered by State permit 403402278WE
<br />1. This Lease renewal shall be for a term of TWENTY (20) years commencing October 1, 2019 and ending
<br />SEPTEMBER 30, 2039
<br />2. LESSEE shall pay to LESSOR an annual rental to be paid according to the following schedule:
<br />YEARS 1-5 $1100.00 per year paid annually in advance
<br />YEARS 6-10 $1200.00 per year paid annually in advance
<br />YEARS 11-15 $1300.00 per year paid annually in advance
<br />YEARS 16-20 $1400.00 per year paid annually in advance
<br />Rent shall be considered tendered upon due mailing or attempted hand delivery during reasonable business hours at the
<br />address designated by LESSOR, whether or not actually received by LESSOR. Should LESSEE fail to pay rent or perform
<br />any other obligation under this lease within thirty (30) days after such performance is due, LESSEE will be in default under
<br />the lease. In the event of such default, LESSOR must give LESSEE written notice by certified mail, and allow LESSEE
<br />thirty (30) days thereafter to cure any default.
<br />3. LESSOR agrees not to erect or allow any other off -premise advertising structure(s), other than LESSEE'S, on
<br />property owned or controlled by LESSOR. LESSOR further agrees not to erect or allow any other obstruction of highway
<br />view or any vegetation that may obstruct the highway view of LESSEE'S sign. LESSEE is hereby authorized to remove any
<br />such other advertising structure, obstruction or vegetation at LESSEE'S option.
<br />4. LESSEE may terminate this lease for any reason upon giving a 30 day written notice. If LESSEE is prevented from
<br />constructing or maintaining a sign at the premises by reason of any final governmental law, regulation, subdivision or building
<br />restriction, order or other action, LESSEE may elect to terminate this lease. In the event of termination of this Lease prior to
<br />expiration, LESSOR will return to LESSEE any unearned rentals on a pro rata basis.
<br />5. All structures, equipment and materials placed upon the premises by the LESSEE or its predecessor shall remain the
<br />property of LESSEE and must be removed by LESSEE at any time prior to or within a reasonable time after expiration of the
<br />term hereof or any renewal. At the termination of this lease, LESSEE agrees to restore the surface of the premises to its
<br />original condition and remove sign pole footing.. The LESSEE shall have the right to make any necessary applications with,
<br />and obtain permits from, governmental bodies for the construction and maintenance of LESSEE'S sign, at the sole discretion
<br />of LESSEE. All such permits and any nonconforming rights pertaining to the premises shall be the property of LESSEE.
<br />6. LESSOR represents that he is the owner or lessee under written lease of the premises and has the right to make this
<br />agreement and to grant LESSEE free access to the premises to perform all acts necessary to exercise its rights pursuant to this
<br />lease. LESSOR is not aware of any unrecorded rights, servitudes, easements, subdivision or building restrictions, or
<br />agreements affecting the premises that prohibit the erection, posting, painting, illumination or maintenance of the sign.
<br />LESSOR acknowledges that the terms and conditions of this agreement are confidential and proprietary and shall not be
<br />disclosed to any third -party without the written consent of LESSEE.
<br />7. In the event of any change of ownership of the property herein leased, LESSOR agrees to notify LESSEE promptly
<br />of the name, address, and phone number of the new owner, and LESSOR further agrees to give the new owner formal written
<br />notice of the existence of this lease and to deliver a copy thereof to such new owner at or before closing. In the event that
<br />LESSEE assigns this lease, assignee will be fully obligated under this Lease and LESSEE will no longer be bound by the
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