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cropping is allowed. Annual fertilization of 252 of the entire leased area with a minimum of 300 lbs. of phosphate such a 0 -20 -0 or an equal amount of balanced fertilizer such as 10 -20 -10 per acre will be required on the entire area over the full life of this lease or any extension thereof. An average of three inch (3") cover will be maintained at all times, on pastureland or permanent hayland. LESSEE will notify Airport Manager of date and time when area will be fertilized. 22. That the LESSOR may at its option terminate this lease as to. the entire tract, &r any part thereof, which may be necessary, in the event the LESSOR desires to use the property, or any portion thereof, for necessary municipal functions, such as extension of runways or erection of other airport facilities, or if the property shall be utilized for industrial development. In the event of either of the above contingencies the LESSOR shall give the LESSEE ninety (90) days notice in writing of its intention to so utilize the tract, or any portion thereof, for the above specified purposes. In the ..event this option is exercised by the LESSOR, the unearned portion of the rental payment shall be refunded to LESSEE. 23. In the event LESSEE shall keep. each and every agreement contained herein and do and perform all the obligations required of LESSEE hereunder during the term of this lease, an option is hereby given and granted .to LESSEE to renew and extend this lease for an additional period of three (3) .-years from and after the expiration_ of this agreement, for and in consideration of the sum of $10,953.00 payable in equal annual installments of $3,651.00 each, the first of which will be due and payable on or before July 1, 1988, with a like payment being due and payable on or before the 1st day of July of each year thereafter during the term of said three year option period. Said option may be exercised by LESSEE's giving notice in writing of LESSEE's