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Lt..~t. .".. .. -. . :.: ~~' ;....' ;.... ;~j'~" :~.' ~~ . ~ ,--'.'';''';'; .. - Agrearent Il'dde January 4 , 19 88, by and bet""'3en Larry Rudesill ("Lessor" ), and Breezy au tdoor, Inc. ( "Lessee" ) . 1. Premises. The Lessor, as cwn~r or agent of the cwner, of the following pranises: Larry's Autos Unlimited StJ:eet AddJ:e~s: . '7009 West Hi,g-hwav 10 City. or Town: Isgal Descriptio : Lots 6 Bock 1 Kovar Addition in the COWlty/P ish of , "State of Minnesota , does hereby lease and grant exclus' 1e Lessee, that portion of the premises necessary to construct (I ) outdoor advertising structure(s) with sufficient access to allow lessee to service and maintain such structure(s). . , 2. Tam. This Lease shall ,be for a tem of (iO) years l::eginning on completion of constrUCtion ~X'xxxxxxxxxxxxxxxxxxxx.~xxlx9::xxx+x~.hduwE!rxxbscxE!arl:ieX' and shall autanatically renew frem year to year, thereafter with the understanding that the, total reneWal periods shall not exceed ten years. . 3. Rental. Yearly rental shall be See Adderdum on Reverse Side. Collars ($ ) payable n'Onthly I~#~:erl;y fran the office of Lessee. This Lease shall becarB effective upon approval by General Manager of Lessee. Notwithstanding anything herein to the contrary, no rent shall be due hereunder until a sign or display is erected upon the premi.ses. 4 · Property. As between Lessor and Lessee all structures, equiprent and materials placed upon the premises shall remain the property of Lessee and Lessee is granted the right to rerove sarre fron Lessor's premises within a reasonable pericx.i of ti.m3 after the expiration of this Lease or 911Y renewal thereof. 5. Hold HaDnless. Lessee shall save the Lessor harmless from all damage to persons or property by reason of accidents resulting fran the negligent acts of its agents, E!l1ployees or others employed in the construction, Il'dintenance, repair or xemoval of ' its signs on the premises. ' 6. Condemnation.' In the event of condemnation or direct purchase sale to a 9overnm:mtal agency while this Lease is operative, Lessee agrees to IMke ,no claim to any proceeds due Lessor as a result of the condemnation, but retains a right to pursue compensation'due it as a result of the taking and Lessor agrees to take no action inconsistent with Lessee's rights herein stated. 7. Canceilation of Lease. Lessee - If the view of the premises or advertising sign or signs erected thereon is partially or wholly obstructed or their advertising value impaired or d.i.rn.inished by reduced vehicular circulation or the use of such signs is prevented or restricted by law, the Lessee Il'dy inTTBdiately, at its option, cancel this Lease and receive all rent paid for the unexpired term hereof, by giving the Lessor notice in writing of such obstruction, inlpa.i.ment, prevention or restriction of use. , 8. Lessor's Representations. Unless specifically stated otherwise herein, the Lessor represents and warrants that Lessor is either the owner or the agent of the owner of the premises above described, has full authority to make this Lease and covenants that Lessor will not pennit any adjoining premises owned or controlled by Lessor to be used for advertising purposes or permit Lessee's signs to be. obstructed. In the event of any transfer of Lessor's interest in the above- described premises, Lessor agrees to Pron~tly give Lessee notice of such transfer to deliver to Lessor's transferee written notice of the existence of this Lease and a copy thereof. . 9. Entire AQreement. It is expressly understood that neither the Lessor nor the Lessee is bound by any stipulations, representations or agreements not printed or written in this Lease. This Lease shall inure to the benefit of and be binding upon the personal representatives, successors and assigns of the parties hereto, provided however, that this Lease shall not be binding upon any secured party until delivezy of. written notice to the parties hereto by such sEiCured party. 10. Miscellaneous. See Addendum on reyerse side. Accepted this .:t..!!:. day of ;JA1J["-4J'~Y, 199'B'. LESSEE: LESSOR: BREEZY OO1tXX)R, IN:. J a wre./LIc-e 13, KLlc/es-r'11 (Print Nazoo) //. (~,L~. C~, ~ (Signature) ?GJ07 W, ~( #/0 R~~7 ~"'1/.~, -S,-S- 30 3 (AddreSS) Sccial Security or Fed 1.0. # 417~- ~r- ?Po7