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<br />the hay and grasses grown and to be grown on said premises, <br />but the said LESSEE assumes all risks incident to and <br />connected with the same. <br />LESSEE agrees to pursue good land management practices <br />with regard to the leased premises. <br />In the event that LESSEE shall keep each and every <br />agreement contained herein and do and perform all the obliga- <br />tions required of LESSEE hereunder during the term of this <br />lease, an option is hereby given and granted to LESSEE to <br />renew and extend this lease for an additional period of five <br />(5) years from and after the expiration of this agreement, <br />for and in consideration of the sum of $1,101.00, payable in <br />equal annual installments of $1,101.00 each, the first of <br />which will be due and payable on or before October 1, 1996, <br />with a like payment being due and payable on or before the <br />1st day of October of each year thereafter during the term of <br />said five year option period. Said option may be exercised <br />by Lessee's giving notice in writing of Lessee's intention to <br />renew said lease on or before the 1st day of January, 1996. <br />Executed on the dates shown in acknowledgements below. <br /> <br />'CITY OF PARIS <br /> <br />By: <br /> <br />George Fisher, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br /> <br />LESSOR <br />