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84--: I 003630 r 3. The Licensees shall indemnify and hold harmless the City from aild against any and all loss and damage, and any and al: claims, demands, suits, liabilities, and payments in contract orin tort, penal or otherwise, resulting from or in respect to the Licensee's City right-of-way for the aforesaid existing building. 4. This License shall take effect immediately of the last party executing this agreement, and shall continue for .an indefinite term; provided, that the Licensees may terminate this agreement at any time by giving the City six months written notice. This agreement' shall also terminate should the Licensees apply for any permit for the modification of the building extending upon the City right-of-way, or in the event that the building shall be damaged or destroyed to the extent of 50% or more of its value by fire, wind, flood, demolition or' other cause. Upon termination of this agreement, the Licensees shall be required and hereby agree to remove that portion of existing building occupying the City right-of-way at their expense and without cost to the City prior to the expiration period ,~ this agreement. 5, This agreement ehal~ e binding upon the parties hereto, their successors and assigns~ (:h/,-Jl~ LICENSEES CITY By_ , Hayor STATE OF NEBRASKP, GENERAL_NarAR'r'-SIJI~ 01 N~bra$ka JOHNJ, McGOWAN Comm.up, June 30,1986 Subscribed and sworn ,to before me, a Notary Public, in and for sa.id County and State this .L day of ('-;;/,v'~ ,1984, by E. J, Burke 58: COUNTY OF HALL -2- I L- L u I --l