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053 �„ - Railroad Original <br /> �N <br /> GROUND LEASE <br /> This Lease is entered into this day of <br /> 1991 and is effective upon the proper exercise of <br /> the "Option to Lease" (Exhibit A) , by and between Manuel A, <br /> Simas, Elsie M. Sheehan Murphy and Richard A. Simas, hereinafter <br /> collectively called "LANDLORD," and Union Pacific Railroad <br /> Company, a Utah Corporation, herein called the "TENANT. " LAND- <br /> LORD and TENANT agree as follows: <br /> 1. Recitals <br /> A. LANDLORD leases to TENANT and TENANT hires from <br /> LANDLORD the real property consisting of eighty (80) acres, more <br /> or less, herein called the "PROPERTY," as more particularly <br /> described in EXHIBIT B attached hereto and made a part of this <br /> Lease. Said "Property" being further identified as being the <br /> most westerly 520 ± feet of Assessor's Parcel Numbers 195-04-02 <br /> and 195-05-02 owned by the LANDLORD. LANDLORD warrants that it <br /> owns the PROPERTY leased herein. <br /> 2 . Term and Commencement Date <br /> The PROPERTY is leased for a firm term of twenty- <br /> five (25) years commencing on the date ten (10) days after <br /> exercise of "OPTION TO LEASE," dated _ .�,rt�aA�2r/ 23 , <br /> 1991. Said date is hereinafter referred to as the "COMMENCEMENT <br /> DATE" and shall be documented by an Amendment to this Lease at <br /> such time as the.date is formally set. <br />