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Vail —ey Outdoor Advertising Lease Agreement TMS AGRFsBv1TNT,made this lot day of Mwvk ZM5 Ily and between ALZ e of AlMe Truct4na ,hereinafter called the Lessor,And i/. LLE-V OUTDOOR ADvERTLS[NG of Lodi,CA,hereinafter called the Lessee. 1. The lessor hereby leases unto the Lessee,and the Lessee hereby leas, s from the Lessor,the use and possession of the portion to be occupied of the following prof.`iises,for the purposes of erecting and maintaining a 14'a 4S, including necessary structures,devices,power poles and connections. 2. Tire property berein demised is located approximately_ east<ii _ lity�on the south_side of for displays facia eRL-such leased-.property being part of the Lessors property situated in the County of`SsATWwwrr State of j ssessor Parcel# 3. The Term of this lease shall commence on Rbeseh-1.1. and unless terminated earlier in the manner hereinafter set forth,shall continue for an initial term in the first day of the first month following erection of the advertising displays Q 46nafter called"the effective date"). it is hereby agreed that Lessor will renegotiate with.existing Lessee the lease at the end of this fifteen-year time period. 4. In consideration of the foregoing and the mutual promises herein con€tined,and other goods and veluable consideration,the Lessee agrees to pay the Lessor at the tate of per year,payable on a monthly basis.Payment is d ae on the 1'of the month and an additional is due for failure to make a payment with in 10 days of due date. It is also agreed that the lease will increase by 59n e p 3 yem durb ig the terse of the lease. if Lessee fails to make payments for 6(six)consecutive months,Lem.ir has the option to take ownership of the sign. 5. In the event of any change of ownership of the property hereby leased;the Lessor agrees to notify.the Lessee promptly of such change,and the essor also agrees L r give the new owner formal written notice of the existence of this lease and to deliver a copy thereof to such new owner. 6. Neither the lessor nor the Lessee shall be bound by any agreement or representation, expressed or implied,not contained hereim This lease shall be deeme!to have been accepted and its terms enforceable only upon the acceptance hereof by the Less,e in the space provided. Following such acceptance,it shall inure to the benefit of said be binding upon the parties;hereto and to their respective tenants,heirs,successors,per"'Di.1 representatives, executors, administrators,and assigns. 7. Unless specifically stated otherwise herein,the lesser represents and warrants that he is either the Owner or the Agent of the Owner of the property herein demised,and that he has full authority to enter into this lease. The Lessor covenants and warrants Cast if the Lessee shall, pay the rental as herein provided and shall keep and perfonm the othertovenants herein stated, the Lessee shall and may,peaceably and quietly have,hold and enjoy�e use of the premises herein demised for the term of the lease, such use to inelude access to the site over any lands underthe control of the Lessor. S. If at any time the highway view of the L.essee's displays is obstructed, or the advertising value of the displays is impaired or diminished,or the use or installation of!uch displays is prevented or restricted by law or by the Lessee's inability to obtain ani necessary permits or licenses,or if the Lessee is unable. For any period of ninety(90)co"icntive days or more,to