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08/09/96 09:43 F.\! 612 639 8939 D J SE.\BERG --....... ...... iii 01 Lease Pb. 8810 -1 .._____. LEASE AGREEMENT "9".:eme~ made October 2l , 1991 . by and between Dan" J)pvid 5e.'lberA" and J)rmna :'o1adden------- (''Ie5sor''). and Naegele Dutdoor Advertu,ng, rr;c.:-T"["es-see-.rr:- 1. Premises. The L@~$or, 4$ Owner or agent of the owner. of the fOllowing premiSl!!s: ----- Street Address: 3104 NOrth Fair'vie", _._.....p_. ....p ,,__. . City or TowII: -1iO.~1'Ie -. ...__ Legal Descri pt ;on:-mXI.III:IIU~"'l:ipi,tx :QrxX in th@ County~~t*X)t Riup..e~ ._' Shte of Mj nne,o;ota _._.' does hereby lease and arant exc uS1vely to the Lessee, that portio~l[He prem1ses necessary to ~i~ (1 ) outdoor advertfs1ng structure($) w1th sufficient access to allow Lessee to service and maintain such structure~). ~ 2. T@rm. This lease shall be for a term of (tl) y@arj /)e!'l1nni~0tI ~~X 1XI'r~1If(~'K Novcmbe.r 1 . 19}1 . 1IIIIhIIIUI.I h: eall1@, and shal1 automatically renew from year to year. thereafter wtth the u~rstand1ng that the ;1f total renewal periods shall not exceed ten years. .1~h+e.C.1\,. \1!P l'CIOV.cl"3. Rental. Yearly rental shall be ~ Hundred and NO/IOO ----------------- '(~O--;:::.~ Dollars payable 1hII1attI1,/year yrlJlll"-r~from the off1ce of leu@e:-..... ~.K~.~~I~l~X~~<<xHXSXXX~XXXXXXXXXXX~X>>x~~t~x.Kxxx dOtiIf11t/tlX.'RJQJ1fIXMII'X\lnHXfil.'tXXbUtllllJUfrI<<1fCDfl>>XIqJdllX~I'Jc~(4!nIft1~ cm:.t.~Xilm;liXmIDXK_kkldx:%<<J\'t'b>>Xf\ltUXlI"t!IJtIt~lIUmll~XMIIMKcmfdY.l:XXXX cm:XM.~IXXXXXXX 4. Property. As between'Lessor and lessee all structures, equipment and materiols placed upon the premises shall remain the property of Lessee and lessee is granted the rig~to remove same frON lessor's premises wfthin a reasonable period of time after the expiration of this Lease or any renewal tnereof. 5. Hold Harmless. Lessee shall save the Lessor harmless from all damage to persons or property by reason of accidents resulting from the negllge~t Icts of its agents. employees or others employed in the construction. maintenance. repair or removal of its signs on the premises. 6. Condemnation. In the event of cond~n.tion or direct purchase sale to a governmental agency while this lease i$ operative. lessee agrees to make no claim to any proceeds due Lessor as a result of the condemnation, but retains a right to pursue compensatton due it as a result of the taking and Lessor agrees tD take no action inconsistent with Lessee's rights herein stated. 7_ Cancellation of Leese. Lessee - If the view of the premises or advertising sign Dr 51gns erSctea tllereon-1S partially or whOlly ubstru~ted. or their advertising vaTue impaired or d1minfsh@d by reduCed vehicular circul.tion. or the use of such signs 15 prevented Dr restr1ct@d by law, the Lessee may immediately, at its option, cancel this Tease and receive all rent paid for the unexpired term hereof. by giving the lessor notice in wr1ting of such obstruction, impairment, prevention or restriction of use. 8. Lessor's Resresentations. Un'ess specffieally stated otherwise herein, the Lessor represenfs an warrants tnat Lessor is either the owner or the age~t of the owner of the premises above described. has full authority to make this lease and covenants lh.t Lessor will not permit a~ adjoining premise, owned or controlled by Lessor, to be used for advertising purposes or permit Lessee'$ signs to be obstructed. In the event of any transfer of Lessor's interest in the above described premi5e~, LessOr agrees to promptly give [essee notice of such transfer to deliver to Lessor's transferee written notice of the existence of this lease and a copy thereof. 9. Entire Agreement. It is expressly understood that neither the Lessor nor the Lessee is"6ounr;l by any stipulations. representations 01' agreeJllents not printed or written in this lease. This lease shall inure to the benefit of and be binding ~pgn the personal representatives. successors and assigns of the parties hereto. provided h~ever that this lease shall not be binding upon any secured party until delivery gf written notice to the parties hereto by such secured party. 10. Miscellaneous. _ __._.._____ _~"'r..I. _.. .__..____..~______.. ~. ---.. .---- ---- - .-. ... .---.. ..----------.....--.----- .--_._---_._._---~ -..-.. .. . ~ ... .._ _ _.. _ _. _ .. _____---r___ _.._ ----- -----.- Accepted this _2..L__.. day of ~"Th~~, 199.1.. LESSEE: Approved by: Haegele Outdoor Advertising. Inc_ ~ -c. .-J By: Co [ti- 'G"e" il-1fana-lier- -. . --. ---.. ---:- LESSOR: ~ ~M!.";;I'I/- &E. .sF"~I\.Cr-J."""""'IJ\ fW!O~ ~TeT'traiileT""~:;t~.. . . - ""-".--- - 7-~-;-;0. ~)I1Al)J.,IJJ.~ "'-u. 668 Sullivan LrLve ColLiDil~Talle1::l'ft'.!nm"-ffi"2T-. . . -- . " - -rn-d'aressT'---" .. -- -... -." -.. Soc; ill Security or Fed. WI 'f.J~~-~~2..Lt Ag~nt of Naegele Ovtdoor Adverti$ing. lne, By: ~ '--- I""fs-r~i't:g Agent--'-'.---'.--