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<br />hereby given and granted to LESSEE to renew and extend this lease <br /> <br />for an additional period of five (5) years from and after the <br /> <br />expiration of this agreement, for and in consideration of the sum <br /> <br />of $13,265.00 payable in equal annual installments of $2,653.00 <br /> <br />each, the first of which will be due and payable on or before May <br />15, 1997, with a like payment being due and payable on or before <br />the 15th day of May of each year thereafter during the term of <br /> <br />said five year option period. Said option may be exercised by <br /> <br />LESSEE's giving notice in writing of LESSEE's intention to renew <br /> <br />said lease on or before the 1st day of January, 1997. <br /> <br /> <br />Executed on this 11th day of May, 1992. <br /> <br />CITY OF PARIS, PARIS, TEXAS <br /> <br />George Fisher, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunnignham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />T. K. Haynes, City Attorney <br /> <br />LESSEE <br /> <br />CAREY ETHERLY <br /> <br />STATE OF TEXAS ~ <br />~ <br />COUNTY OF LAMAR ~ <br /> <br />'H'k'm>!" Mk' rh" IInrl"r"icm"rl ,,"rhnritv. nn this day oersonally <br />