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UNIVERSAL OUTDOOR, INC.
<br />LAND LEASE # 1 / / /v `��
<br />1. In consideration of the undertakingnt��d 7n 1th s� Land ease and other good and valuable
<br />consideration the receipt of which is hereby acknowledged,Robert Rehbein ( "Lessor"), hereby leases and
<br />grants exclusive rights for outdoor advertising to Universal Outdoor, Inc., ( "Lessee ") on a portion of the real
<br />estate commonly known as W/O 35E approx. 2500' N/O Hwy. 14 (7766 20th Avenue North), in the City of
<br />Lino Lakes in the County of Anoka, in the state of Minnesota, having the legal description attached as
<br />Exhibit "A ", ( "Leased Premises ") for the purpose of erecting, maintaining and modifying an advertising sign
<br />structure, including supporting structures, devices, power poles, illumination facilities and connections,
<br />service ladders and other appurtenances, with the right of ingress to and egress from the Leased Premise.
<br />2.
<br />3.
<br />4. By execution hereof, Lessor gives Universal Outdoor, Inc. Its permission and limited power of attorney
<br />to act in its behalf for the purpose of performing every act deemed necessary to Lessee to apply for and
<br />secure at its own expense the state and local building and sign permits, zoning variances, special uses, or
<br />changes in the zoning law relating to signs, necessary to erect, maintain and modify the advertising sign
<br />structure on the leased premises. This Lease is subject to the Lessee receiving the necessary Local and
<br />State permits needed to construct said structure. Lessor gives Lessee its permission to cut, trim or
<br />eliminate trees or other vegetation which in the opinion of Lessee is an obstruction to the visibility of the
<br />sign face(s).
<br />5. All structures, displays and materials placed upon the Leased Premises by Lessee are Lessee's trade
<br />fixtures, trade names and trademarks, and shall be and remain Lessee's property, and may be removed by
<br />Lessee at any time prior to or within a reasonable time after the termination of this lease or any extensions
<br />thereof. Without Lessee's prior written consent, Lessor agrees that no liens or encumbrances may be
<br />placed upon or be permitted to remain upon Lessee's personal property.
<br />6. Lessee shall indemnify and hold harmless Lessor from all liability to persons or property by reason of
<br />accidents resulting from the negligent acts of Lessee, its agents, employees or others employed in the
<br />erection, maintenance, operation, repair or removal of the advertising sign structure.
<br />7. Lessor represents and warrants that it is the owner or title holder of the Leased Premises or the agent
<br />of such owner or title holder and has full authority to execute this lease and agrees to indemnify and save
<br />harmless Lessee from any and all claims and /or liability caused by Lessor's breach of this warranty.
<br />8. In the event that: (a) the advertising sign structure becomes partially or entirely obstructed; (b) the
<br />value of the location for advertising purposes becomes diminished by change in highway or traffic
<br />conditions; (c) necessary state or local permits are refused or invalidated; (d) erection, maintenance,
<br />illumination or modification of the sign structure is prevented or restricted by state or local statute, rule,
<br />ordinance or regulation presently in effect or subsequently enacted, thereby diminishing the value or
<br />increasing the cost of Lessee's use of the Leased Premises for advertising; or (e) for any other legitimate
<br />reason Lessee has the option on ten (10) days' notice to Lessor by registered mail to reduce the rental
<br />required under paragraph 3 in proportion in decreased value of the Leased Premises for as long as such
<br />impairment continues, or Lessee may terminate this lease on ten (10) days' notice to Lessor by registered
<br />mail. Further, if such an obstruction or impairment is the fault of Lessor or its tenants, agents, employees,
<br />or other persons acting on Lessor's behalf, Lessee shall have the right to remove such obstruction or other
<br />impairment on ten (10) days' notice to Lessor and set -off against future rental payments to Lessor the cost
<br />of such removal or reduce the rent under paragraph 3 to five dollars ($5.00) per year so long as such
<br />obstruction or impairment continues.
<br />9. This lease shall inure to the benefit of and be binding upon the personal representatives, successors,
<br />and assigns of parties hereto. Upon request, the parties agree to execute a recordable memorandum of
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