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� � 4 LEASE AGREEMENT t THIS LEASE AGREEMENT ("Lease") enteredinto COUNthis TY 1st day BOARD f OF January, COUNTY ("Effective Date") between INDIAN R COMMISSIONERS, a political subdivision of the State of Florida, having an address of 1801 27th Ave, Vero Beach, FL 32960 ("County") and Mark Smith, having an address of 800 20th Ave SW, Vero Beach, FI 32962 ("Tenant") Background Recitals A. Indian River County as Landlord desires to set forth the terms and conditions for the Tenant residing within South County Regional Park, 800 20th Avenue SW, a County owned and operated Park. dlord and T B. Indian River County as Lanenant are entering into this Lease to provide security for South County Regional Park located at 800 20th Avenue SW, ("Park") when hours of the County's Parks or Recreation the Park is closed and during non -work employees. C. Tenant desires to lease the Leased Premises (as hereinafter defined) on the terms and conditions set forth herein. NOW, THEREFORE, for the mutual promises contained herein and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree to the terms and conditions set forth in this Lease: 1. Description of Leased Premises. The County hereby leases to Tenant the use of the mobile home lot adjacent to the Tennis Courts at 800 20th Avenue SW (such lot herein the "Leased Premises") within the South County Regional Park. The County and Tenant acknowledge and agree that Tenant has resided on the Leased Premises for several years without a written Lease, and that County has now determined that a formal lease is in the best interests of the parties. Accordingly, Tenant expressly acknowledges and agrees: (a) that it has inspected the Leased Premises and accepts the same As Is, Where Is in the condition existing as of the Effective Date, onts or warrantieser 'ldefects, of any nature whatsoever any; (b) that County has made no rep regarding the Leased Premises including, without limitation, the physical conditions of the Leased Premises; and (c) that twhatsoever at the Leased Prem sesounty assumes no itexceptor ba's gation may be to provide any utilities of any nature specifically set forth in this Lease. 2. Term of Lease. The Leased Premises is leased for an initial two (2) year term subject to sooner termination as set forth oein n tial Term"). December 31 h 2010, or on such l Term learlier date as mence on January 1, 2009, and shall this Lease may terminate as provided herein. 3. Renewal. Provided the County and Tenant agree to renew the Lease (as it may be modified from time to time) on mutually beneficial terms; and further provided that the Tenant is not in default under any of the terms and conditions of this Lease, this Lease may be renewed for a maximum of seven (7) successive terms of two (2) years each (a Renewal Term) for a maximum aggregate of sixteen (16) years combined Initial Term and rl