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LAMAR
<br />RENEWAL LEASE 200411427 Lease # 4550
<br />THIS LEASE AGREEMENT, between: Ms. Dora Wiese (hereinafter referred to as "Lessor") and THE LAMAR CORPORATION
<br />(hereinafter referred to as "Lessee ")
<br />WITNESSETH
<br />"LESSOR hereby leases to LESSEE, it successors or assigns, as much of the hereinafter described premises as may be
<br />necessary for the construction, repair and relocation of outdoor advertising structure(s), including necessary structures, advertising
<br />devices, power poles, communications devices and connections, with the right of access to and egress from structure(s) by LESSEE'S
<br />employees, contractors, agents and vehicles and the right to survey, maintain advertisement, maintain telecommunications devices or
<br />other activities necessary or useful in LESSEE'S use of the structure.
<br />The leased premises are a portion of the property located in the County of Hall, State of Nebraska, more particularly
<br />described as: 1 -80'x) Milepost 3118.6. Legal Address is:
<br />1. This lease shall be for a term of46years from Jule 1", 2003 and ending on June 30 "', 2023 unless sooner terminated as
<br />hereinafter provided. This lease shall continue in full force and effect for its term and thereafter for subsequent successive like terms
<br />unless either party shall give the other party written notice of nonrenewal at least thirty (30) da s, but not more than ninety (90) days,
<br />prior to the expiration of the then current term. �.sl/�U "! " 703
<br />2. LESSEE shall pay to LESSOR an annual rental of Q Dollars, payable annuallN in advance in equal installments of
<br />n e . , with the first installment due on the first day of the month following commencement.
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<br />3. LESSOR agrees not to erect or allow any other offremsises advertising structures on property owned or controlled by
<br />LESSOR within One Thousand (1000') Feet of LESSEE'S advertising structure(s) or to erect or allow any other obstruction of
<br />highway view or any vegetation that may obstruct the highway view of its advertising structure(s). LESSEE is hereby authorized to
<br />remove any such other advertising structure, obstruction or vegetation at its option.
<br />4. LESSEE may terminate this lease upon giving Thirty (30) days written notice in the event that the advertising structure
<br />becomes entirely or partially obstructed in any way or in LESSEE'S opinion the location becomes economically or otherwise
<br />undesirable. If LESSEE is prevented from constructing advertising structure(s) at the leased premises by reason of any final
<br />governmental law, regulation, order or other action, this lease will terminate immediately. In the event of termination of this lease
<br />prior to 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 shall remain the property of LESSEE
<br />and may be removed by it at any time prior to or within a reasonable time after expiration of the term hereof or any extension. At the
<br />termination of this lease, LESSEE agrees to restore the surface of the leased premises to its original condition. The LESSEE shall
<br />have the right to make any necessary applications with, and obtain permits from, governmental bodies for the construction and
<br />maintenance of LESSEE'S advertising structure(s), at the sole discretion of LESSEE. All such permits shall be the property of
<br />LESSEE.
<br />6. LESSOR represents that he is the O vf7er of the premises described above and has the right to grant LESSEE free access
<br />to the premises to perform all acts necessary to carry on LESSEE'S business. In the event of any change of ownership of the property
<br />hereby leased, LESSOR agrees to grant LESSEE an unconditional right of first refusal to purchase the real property, said right to be
<br />exercised by LESSEE no later than thirty (30) days after said change. In the event that LESSEE assigns this lease, assignee will be
<br />fully obligated under this lease and LESSEE will no longer be bound by the lease.
<br />7. The premises are not the homestead of the LESSOR-
<br />8. In the event of condemnation of the subject premises or any part thereof by proper authorities, or relocations of the
<br />highway, any condemnation award for LESSEE'S property shall accrue to LESSEE.
<br />9. LESSEE agrees to indemnify LESSOR from all claims of injury and damages to LESSOR or third parties caused by the
<br />installation, maintenance, or dismantling of any advertising structures or displays during the term of this lease and to repair any
<br />damage to the leased premises resulting from the installation, maintenance, or dismantling of such advertising structures or displays,
<br />less ordinary wear and tear.
<br />10. LESSOR agrees to indemnify LESSEE from any and all damages, liability costs and expenses, including attorney's fees,
<br />resulting from any inaccuracy in or nonfulfillment of any representation, warranty or obligation of LESSOR herein.
<br />11. If required by LESSEE, LESSOR will execute and acknowledge a memorandum of lease suitable for recordation.
<br />12. Lessee shall have a right of first refusal to meet any offer for the lease of any portion of the real property for outdoor
<br />advertising purposes for a period of five (5) years after termination of this lease. Lessee shall exercise the option within 30 days after
<br />receipt of written notice of the terms of the third party lease.
<br />13. This lease is NOT BINDING UNTIL ACCEPTED by the General Manager of a Lamar Advertising.
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<br />ssor's Signature Date
<br />THE LAMAR COMPANIES, LESSEE
<br />By: L%' l at#a �f
<br />Vice President / General Athiiger
<br />Date:
<br />Ms. Dora Wiese
<br />Lessor
<br />2022 S. Blaine
<br />Grand Island, NE 68801
<br />Lessor's Address
<br />308 - 382 -3757
<br />Lessor's Telephone
<br />Lessor's Social Security Number
<br />GENERAL CO Y J.tLYONS�
<br />M Comm. .feb.29 2008
<br />1/95
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