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3. REMOVAL OF DILAPIDATED STORAGE BUILDING
<br />In further consideration for LESSOR's lease of the Leased Premises, LESSEE agrees within
<br />thirty (30) days of the effective date of this Lease to tear down, remove and properly dispose of the
<br />dilapidated storage shed on the southwest corner of the Leased Premises. LESSEE further agrees to
<br />collect, remove and properly dispose of all tires, wood, metal or other loose rubbish or debris located
<br />on the Leased Premises within said thirty (30) day period.
<br />4. HOLD HARMLESS
<br />LESSEE agrees to indemnify, save, keep, and hold LESSOR harmless from and against any
<br />and all demands, debts, liabilities, suits, claims, and causes of action of every kind and character
<br />whatsoever for damage or injuries to persons and/or property occurring on the Leased Premises
<br />resulting from LESSEE's, his invitees', agents', servants', or employees' use of the Leased Premises;
<br />and LESSOR shall not be liable to LESSEE, his invitees, agents, servants, employees, or visitors for
<br />premises defects or the condition of the improvements located thereon, or hereafter constructed, or
<br />any other condition of the premises being improperly constructed, maintained, or being or becoming
<br />out of repair. LESSEE hereby expressly waives any defects or hazards thereon and agrees to
<br />indemnify, save, keep and hold LESSOR harmless from all claims for any such damages or injuries.
<br />5. INSURANCE
<br />LESSEE must, at all times during the term of this Lease Agreement, and during any
<br />extensions thereof, keep anci maintain in full force and effect a policy or policies of insurance,
<br />providing at least $300,000.00 per person and $300,000.00 for any single occurrence for bodily
<br />injury or death and $100,000.00 for any single occurrence for injury to or destruction of property,
<br />indemnifying all persons for any and all damages, personal injuries, or property damages sustained in
<br />or upon the Leased Premises, or any part thereof, as the result of the negligence of LESSEE, his
<br />invitees, agents, servants, or employees, and shall pay all premiums due thereon when due. It is
<br />expressly provided that such insurance policy or policies shall be written and issued by a reputable
<br />insurance company or companies licensed by the State of Texas to sell commercial general liability
<br />insurance, with LESSOR named as an additional insured, a copy of said insurance policies or a
<br />properly executed certificate of insurance must be submitted to LESSOR upon execution of this
<br />Lease Agreement. Renewals of the certificate of insurance shall also be timely filed with the City
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