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6-3'0� pis 2 0� LEASE AGREEMENT -2 ao-17/ 8 This lease entered into on this 3rd day of June , 2008 by the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, hereinafter called the "Landlord", and Michael A. Loudermilk and Sharon D. Loudermilk, hereinafter called the "Tenant", in consideration of the mutual promises and agreements set forth below, hereby agree as follows: WITNESSETH: 1. PROPERTY AND TERM. The Landlord hereby leases to the Tenant the single family residences and facilities situated thereon, located at 6875 and 6885 66th Avenue, Vero Beach, in the County of Indian River, Florida, more particularly described as follows: See Exhibit "A" attached hereto. for a term of [12 months] commencing from the date of closing, terminating one year hence, for a total rental of Twelve Dollars ($12.00) payable at the rate of $1.00 per month payable in advance. 1.1 Extension of Lease. Tenant shall have the option to renew this Lease for consecutive one-year terms until the actual construction on the Landlord's 66th Avenue road -widening project commences. To exercise this option to renew, Tenant must notify the Landlord of its intent to renew not less than 30 days prior to the expiration of the then -current Lease term. Notwithstanding the foregoing, the County may terminate this Lease at any time after the 66th Avenue road widening Project is advertised by the County for bid in the Press Journal by providing the Tenant with 90 days prior notice of termination. 1.2 Termination of Lease by Tenant. Tenant may opt out of this lease anytime during the lease period by providing written notice to Landlord as such. 2. USE OF PREMISES. During the term of this Lease, the Tenant shall use the leased premises for a private, single family residence, and for no other purpose. Tenant shall not use the premises, or any part thereof, or permit the same to be used for any illegal, immoral, or improper purposes; not to make, or permit to be made, any disturbance, noise, or annoyance whatsoever detrimental to the premises or the comfort and peace of the inhabitants of the vicinity of the premises. 3. PROPERTY LEASED "AS IS". Tenant agrees that the property is being leased "as is" and that Landlord makes no warranty or guarantee of the condition of the property or any of the improvements. Tenant has examined the premises and has determined that the premises are suitable for Tenant's purposes. 4. COMPLIANCE OF LAW. Tenant shall comply with all of the laws, rules, ordinances, and regulations of the County, State and Federal Governments, and agencies regarding the use of the leased premises. Violation of any law, rule, ordinance or regulation may result in immediate termination of this lease. 1