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<br />200704579 <br /> <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 <br />lease. This lease is binding upon the personal representatives, heirs, executors, successors, and assigns of both LESSEE and <br />LESSOR. <br /> <br />8. In the event of condemnation of the subject premises or any part thereof by proper authorities, or relocation of the <br />highway, the LESSOR grants to the LESSEE the right to relocate its sign on LESSOR'S remaining property adjoining the <br />condemned property or the relocated highway. Any condemnation award for LESSEE'S property shall accrue to LESSEE. <br /> <br />9. LESSEE agrees to indemnify LESSOR from all claims of injury and damages to LESSOR or third parties caused by <br />the installation, operation, maintenance, or dismantling of LESSEE'S sign during the term of this lease. LESSEE further <br />agrees to repair any damage to the premises or property at the premises resulting from the installation, operation, maintenance, <br />or dismantling ofthe sign, less ordinary wear and tear. <br /> <br />10. LESSOR agrees to indemnify LESSEE from any and all damages, liability, costs and expenses, including attorney's <br />fees, resulting from any inaccuracy in or nonfulfillment of any representation, warranty or obligation of LESSOR herein. <br /> <br />I I SOR desires n <br />shall have the right of first re a e on t e same terms an c uch offer. Upon <br />LESSEE'S 0 meet such offer in writing within thirty (30) days after written notice thereof from LESSOR, R <br />the leased premises to the third party in accordance with his offer. ~ ~\) <br /> <br />12. Ifrequired by LESSEE, LESSOR will execute and acknowledge a memorandum of Lease suitable for recordation. <br /> <br /> <br />13. This Lease is NOT BINDING UNTIL ACCEPTED by the General Manager ofa Lamar Advertising Company. <br /> <br />IN WITNESS WHEREOF, this instrument is duly executed on the date hereinabove specified. <br /> <br />EXECUTED BY LESSOR IN TIlE PRESENCE 01<': <br /> <br />Mr. Steve Hansen Sr. <br /> <br />L <br /> <br /> <br /> <br />III <br /> <br />f <br />LESSOR'S SIGNATURE <br />ACKNOWLEDGEMENT <br /> <br />I <br />!. <br /> <br />STATE OF ~RASk.. <br /> <br />COUNTY/PARlSHOF HALL <br /> <br />The foregoing instrument was acknowledged before me this 'k.'S day of IVlA if , 20~ by <br />ST ~ 11 'Z.... 'E. J{ 1\ ~ S 'f AJ , who is personally known to me or who has produced <br />as identification. <br /> <br />Witness my hand and official seal, this 'l.~ <br /> <br /> <br />ZI. 'Z(","1'\{i, <br /> <br />EXECUTED BY LESSEE IN THE PRESENCE OF: <br /> <br />TIlE LAMAR COMPANIES <br /> <br />OFFI~(/J& ~ <br />orncCOs~~A~IT2~'" t/ f /61A <br /> <br />~ GENERAL NOTARY. State of Nebraska <br />, DONALD R. DEITEMEYER <br />My Comm. Exp. Jan. 21, 2008 <br /> <br />ACKNOWLEDGEMENT <br /> <br />STATEOF Nf i1Rt'\~~r\ <br /> <br />COUNTYIPARlSH OF ~"._..l-j ,C\l.L <br /> <br />The foregoing instrument was ackp9wledged before me this "2 S day of l/vt A'i , 20 C 7 by <br />1Vl.f\ R \" HAL 'i. ~ H"c '( N L , who is personally known to me or who has <br />produced as identification. <br /> <br />Witness my hand and official seal, thi~ '~~l~ ,_day of fl1A i 1.:.!?~!_~? -Q2~. <br /> <br /> <br />My Co <br />