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THE ' v_,�"�/.J.�'.____ ='
<br />This Instrument Prepared by: RENEWAL LEASE #1086
<br />James R. McIlwain
<br />5551 Corporate Boulevard
<br />Baton Rouge, Louisiana 70808
<br />James R. McIlwain
<br />COMPANIES
<br />SIGN LOCATION LEASE
<br />200501958
<br />THIS LEASE AGREEMENT, made this kSTI,� day of Fqb.awrw 20 o 5— , by and between:
<br />HAWKEYE STEEL PRODUCTS
<br />(hereinafter referred to as "Lessor ") and THE LA IAR COMPANIES (hereinafter referred to as "Lessee "), provides
<br />WITNESSETH
<br />"LESSOR hereby leases to LESSEE, it successors or assigns, as much of the hereinafter described lease premises as
<br />may be necessary for the construction, repair and relocation of their existing outdoor advertising structure ( "sign "), including
<br />necessary structures, advertising devices, utility service, power poles, communications devices and connections, with the right
<br />of access to and egress from the sign by LESSEE'S employees, contractors, agents and vehicles and the right to survey, post,
<br />illuminate and maintain advertisements on the sign.
<br />The premises are a portion of the property located in the County/Parish of HALL State of NEBRASKA, more particularly
<br />described as: Hwy. 34, 2 miles east of the Hwy 34/ South Locust Junction, north side of Hwy. at milepost 234.9
<br />. t-E 14 "AcN�.D ExNiBT'A°
<br />1. This Lease shall be for a term of 3 years commencing on February 15, 2005 and ending February 15, 2008
<br />2. LESSEE shall pay to LESSOR an annual rental of $1500.00 per year, paid annually in advance. The first
<br />installment is due.on the first day of the month following commencement.
<br />3. LESSOR agrees not to erect or allow any other off-premise advertising structure, other than LESSEE'S, on property
<br />owned or controlled by LESSOR within 1000 feet of LESSEE'S sign. LESSOR further agrees not to erect or allow any other
<br />obstruction of highway view or any vegetation that may obstruct the highway view of its sign. L
<br />to n.
<br />4. LESSEE may terminate this lease upon giving thirty (30) days written notice in the event that the sign becomes
<br />entirely or partially obstructed. If LESSEE is prevented from constructing or maintaining a sign at the premises by reason of
<br />any final governmental law, regulation, subdivision or building restriction, order or other action, LESSEE may elect to
<br />terminate this lease. In the event of termination of this Lease prior to expiration, LESSOR will return to LESSEE any
<br />unearned rentals on a pro rata basis.:
<br />5. All structures,'equipment and materials placed upon the premises by the LESSEE or its predecessor shall remain the
<br />property of LESSEE and may be removed by LESSEE at any time prior to or within a reasonable time after expiration of the
<br />term hereof or any renewal. At the termination of this lease, LESSEE agrees to restore the surface of the premises to its
<br />original condition. The LESSEE shall have the right to make any necessary applications with, and obtain permits from,
<br />governmental bodies for the construction and maintenance of LESSEE'S sign, at the sole discretion of LESSEE. All such
<br />permits shall be the property of LESSEE.
<br />6. LESSOR represents that he is the owner or lessee under written lease of the premises and has the right to make this
<br />agreement and to grant LESSEE free access to the premises to perform all acts necessary to carry on LESSEE'S business
<br />activities related to the sign.
<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.
<br />8. In the event of condemnation of the subject premises or any part thereof by proper authorities, or relocation 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
<br />third parties caused by the installation, operation, maintenance, or dismantling of LESSEE'S sign during
<br />the term of this lease. LESSEE further agrees to repair any damage to the premises or property at the
<br />premises resulting from the installation, operation, maintenance, or dismantling of the sign, less ordinary
<br />wear and tear.
<br />10. If required by LESSEE, LESSOR will execute and acknowledge a memorandum of Lease suitable for recordation.
<br />H. This Lease is NOT BINDING UNTIL ACCEPTED by the General Manager of a Lamar Advertising Company.
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