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CASH CHECK i l o C)O Record and return to: Ronald S. Depue 308 N. Locust, Ste. 501 Grand Island, NE 68801 !HST 202/ 0 5 1 2 b LICENSE AGREEMENT This License Agreement is made and entered into this 1 day of 2024 by and between James Scharphom and Caroline Scharphorn, husband ("Licensor"), and Jerome J. Watson and Jane L. Watson, husband and wife ("Licensee"). REFUNDS: CASH CHECK RECORDED HALL CC.Y I T Y NE 2024 OCT a t P 2: Ob -ir is T i WOLD REGISTER OF DEEDS RECITALS: wife WHEREAS Licensor owns the property legally described as Lot Sixteen (16), Hidden Lakes Subdivision Number Four, Hall County, Nebraska ("Licensor's Property"); and WHEREAS, Licensee owns the property legally described as Lot Fifteen (15), Hidden Lakes Subdivision Number Four, Hall County, Nebraska ("Licensee's Property"); and WHEREAS, a fence constructed by Licensee encroaches upon Licensor's Property (the "Fence") by approximately eighteen inches (18"); and WHEREAS, Licensor and Licensee desire to enter into this Agreement concerning the Fence. NOW THEREFORE in consideration of execution of this Agreement, it is agreed by and between the parties as follows: 1. Licensee may retain the Fence in its present location upon Licensor's Property at Licensee's expense and risk subject to the following: a. Licensee shall repair the Fence as needed. In the event the Fence is destroyed or damaged to the extent it cannot be repaired, Licensee may either replace or remove the Fence from Licensor's Property within six (6) months after said irreparable destruction; and b. This License shall terminate on December 31, 2049 unless earlier terminated upon written agreement of the owners of Licensor's Property and Licensee's Property. 2. Licensee acknowledges that the encroachment of the Fence upon Licensor's Property and any past, present or future use, possession or occupancy of any part of Licensor's Property by Licensee shall be considered consensual in nature and shall not ripen into any claim by Licensee for adverse possession, prescriptive easement, use, ownership, access or occupancy of Licensor's Property. 3. Licensee hereby waives any claim for damages against Licensor for any property and personal injury damage or injury that may result to the Fence or from use of the Fence. Licensee agrees to indemnify and hold Licensor harmless from any and all claims arising under this License Agreement.