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17. RENEWAL PROVISIONS: Renewal of this lease shall be at the sole option of the Lessor. Such renewal shall be <br />subject to the terms, conditions and provisions of management standards and applicable laws, rules and regulations in effect at <br />that time. In the event that Lessee is in full compliance with the terms of this lease, the Lessee may apply in writing for a <br />renewal. Such application for renewal must be received by Lessor no sooner than 120 days and no later than 30 days prior to <br />the expiration date of the original or current term hereof. The term of any renewal granted by the Lessor shall commence on <br />the last day of the previous lease term. If the Lessee fails to timely apply for a renewal, or in the event the Lessor does not <br />grant a renewal, the Lessee shall vacate the leased premises and remove all structures and equipment occupying and erected <br />thereon at its expense. The obligation to remove all structures authorized herein upon termination of this lease shall constitute <br />an affirmative covenant upon the riparian upland property more specifically described in Attachment B, which shall run with <br />the title to said riparian upland property, and shall be binding upon Lessee and Lessee's successors in title or successors in <br />interest. <br />18. REMOVAL OF STRUCTURES/ADMINISTRATIVE FINES: If the Lessee does not remove said structures and <br />equipment occupying and erected upon the leased premises after expiration or cancellation of this lease, such structures and <br />equipment will be deemed forfeited to the Lessor, and the Lessor may authorize removal and may sell such forfeited structures <br />and equipment after ten (10) days written notice by certified mail addressed to the Lessee at the address specified in Paragraph <br />8 or at such address on record as provided to the Lessor by the Lessee. However, such remedy shall be in addition to all other <br />remedies available to the Lessor under applicable laws, rules and regulations including the right to compel removal of all <br />structures and the right to impose administrative fines. <br />19. REMOVAL COSTS/LIEN ON RIPARIAN UPLAND PROPERTY: Any costs incurred by the Lessor in removal <br />of any structures and equipment constructed or maintained on state lands shall be paid by Lessee and any unpaid costs and <br />expenses shall constitute a lien upon the interest of the Lessee in the riparian upland property enforceable in summary <br />proceedings as provided by law. <br />20. RECORDATION OF LEASE: The Lessee, at its own expense, shall record this fully executed lease in its <br />entirety in the public records of the county within which the lease site is located within fourteen (14) days after receipt, and <br />shall provide to the Lessor within ten (10) days following the recordation a copy of the recorded lease in its entirety which <br />contains the O.R. Book and pages at which the lease is recorded. <br />21. RIPARIAN RIGHTS/FINAL ADJUDICATION: In the event that any part of any structure authorized hereunder <br />is determined by a final adjudication issued by a court of competent jurisdiction to encroach on or interfere with adjacent <br />riparian rights, Lessee agrees to either obtain written consent for the offending structure from the affected riparian owner or to <br />remove the interference or encroachment within 60 days from the date of the adjudication. Failure to comply with this <br />paragraph shall constitute a material breach of this lease agreement and shall be grounds for immediate termination of this <br />lease agreement at the option of the Lessor. <br />22. AMENDMENTS/MODIFICATIONS: This lease is the entire and only agreement between the parties. Its <br />provisions are not severable. Any amendment or modification to this lease must be in writing, must be accepted, <br />acknowledged and executed by the Lessee and Lessor, and must comply with the rules and statutes in existence at the time of <br />the execution of the modification or amendment. Notwithstanding the provisions of this paragraph, if mooring is authorized <br />by this lease, the Lessee may install boatlifts within the leased premises without formal modification of the lease provided that <br />(a) the Lessee obtains any state or local regulatory permit that may be required; and (b) the location or size of the lift does not <br />increase the mooring capacity of the facility. <br />23. ADVERTISEMENT/SIGNS/NON-WATER DEPENDENT ACTIVITIES/ADDITIONAL <br />ACTIVITIES/MINOR STRUCTURAL REPAIRS: No permanent or temporary signs directed to the boating public <br />advertising the sale of alcoholic beverages shall be erected or placed within the leased premises. No restaurant or dining <br />activities are to occur within the leased premises. The Lessee shall ensure that no permanent, temporary or floating structures, <br />fences, docks, pilings or any structures whose use is not water-dependent shall be erected or conducted over sovereignty <br />submerged lands without prior written consent from the Lessor. No additional structures and/or activities including dredging, <br />relocation/realignment or major repairs or renovations to authorized structures, shall be erected or conducted on or over <br />sovereignty, submerged lands without prior written consent from the Lessor. Unless specifically authorized in writing by the <br />Lessor, such activities or structures shall be considered unauthorized and a violation of Chapter 253, Florida Statutes, and shall <br />subject the Lessee to administrative fines under Chapter 18-14, Florida Administrative Code. This condition does not apply to <br />minor structural repairs required to maintain the authorized structures in a good state of repair in the interests of public health, <br />safety or welfare; provided, however, that such activities shall not exceed the activities authorized by this agreement. <br />Page 4 of 15 Pages <br />Sovereignty Submerged Lands Lease No. 310008014 <br />