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<br />~ 88= <br />r. <br /> <br />tOO?65 <br /> <br />r <br /> <br />LICENSE AGREEMENT <br /> <br />This License Agreement is made by and between the CITY OF <br />GRAND ISLAND, NEBRASKA, a Municipal Corporation, herein referred <br />to as the "City" and HONE FEDERAL SAVINGS AND LOAN ASSOCIATION OF <br />GRAND ISLAND, a corporation, hereinafter referred to as the <br />"Licensee" . <br /> <br />1. STATEMENT OF PURPOSE. The purpose of this License <br />Agreement is to set forth the terms and conditions under which <br />the Licensee may construct, maintain, repair, and utilize the <br />following described improvement which will infringe upon real <br />estate owned or controlled by the City: <br /> <br />A residence located at 322 North Clark Street, <br />Grand Island, Hall County, Nebraska which encroaches <br />on the adjacent Southeasterly side of South Front <br />Street. <br /> <br />2. DESCRIPTION OF LICENSEE'S REAL ESTATE. The Licensee <br />owns or controls the following described real estate adjacent to <br />the City's real estate to which this License Agreement shall apply: <br /> <br />The North Seventy-Two (72.0) feet of Fractional Lot <br />One (1), Fractional Block Eleven (11), Arnold and <br />Abbott's Addition and Fractional Lot One (1), <br />Fractional Block One Hundred Nineteen (119), Railroad <br />Addition in the City of Grand Island, Hall County, <br />Nebraska. <br /> <br />~ <br /> <br />3. LICENSEE'S DUTIES AND RISKS. It is understood and <br />agreed that the Licensee may construct, maintain, repair and <br />utilize the above described improvement at the Licensee's sole <br />risk. The Licensee hereby waives any claim for damages against <br />the City, its officers, employees, agents and independant <br />contractors for any damage or injury that may result to said <br />improvement. If the City, in its sole discretion, determines <br />that any part or all of the improvement must be removed or is <br />damaged by the City, its employees, agents, or independent <br />contractors working for the City during the course of their <br />employment or duties with the City, the Licensee agrees to assume <br />and pay all costs relating to the replacement or repair of the <br />improvement. <br /> <br />4. EFFECTIVE DATE. This license agreement shall take <br />effect on the date it is executed by the Mayor of the City of <br />Grand Island as dated below. It shall continue for an indefinite <br />term until such time as it is terminated as provided hereafter. <br /> <br />5. TERMINATION. This License Agreement shall terminate <br />upon one or more of the following occurrences: <br /> <br />,-- <br /> <br />L <br /> <br />L <br /> <br />~ <br /> <br />I <br />r <br />)0.. <br /> <br />~ <br />