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Industrial Lease (Year To Year) 09-01-06 <br />(Unimproved Property) <br />Form Approved, Law <br />LEASE OF PROPERTY <br />(INDUSTRIAL LEASE - UNIMPROVED - YEAR TO <br />Fold r No. <br />Aud t No. <br />THIS LEASE ("Lease") is entered into on , 20 , betwe UNION <br />PACIFIC RAILROAD COMPANY ("Lessor") and CITY OF PARIS, a Texas m icipal c rporation, <br />whose address is 150 Se ls`, Paris, Texas 75461-9037 ("Lessee"). <br />IT IS AGREED BETWEEN THE PARTIES AS FOLLOWS: <br />Article 1. PREMISES: USE. <br />Lessor leases to Lessee and Lessee leases from Lessor the premises ("Premis s") at P is, Texas, <br />shown on the print dated February 24, 2010, marked Exhibit A, hereto attached and ade a rt hereof, <br />subject to the provisions of this Lease and of Exhibit B attached hereto and made part h eof. The <br />Premises may be used for beautification, and purposes incidental thereto, only, and for no other urpose. <br />Article 2. TERM. <br />The term of this Lease shall commence March 01, 2010, and, unless so ner te inated as <br />provided in this Lease, shall extend for one year and thereafter shall automatically be xtended from year <br />to year. <br />Article 3. RENT. <br />A. Lessee shall pay to Lessor, in advance, rent of One Dollars ($1.00) <br />B. As further consideration, Lessee agrees to mow and/or maintain ve etation ontrol in <br />accordance with any and all current and future ordinances or other legal requirements n all pr perties of <br />the Lessor's that are not under a lease to a third party and which lie within or are conti uous wi the City <br />Limits of the City of Paris, EXCEPT, under no circumstances shall Lessee come any closer t n 25 feet <br />from any railroad track situated on the Lessor's property. And as or should said Ci Limits ange, so <br />shall the working of this provision change accordingly. <br />C. Not more than once every three (3) years, Lessor may redetermine the fixe~ rent. If <br />Lessor redetermines the rent, Lessor shall notify Lessee of such change. <br />Article 4. INSURANCE. <br />A. Before commencement of the term of this Lease, Lessee shall pr vide to Lessor a <br />certificate issued by its insurance carrier evidencing the insurance coverage require under xhibit C <br />hereto attached and made a part hereof. <br />EXHIBIT A, <br />86 <br />