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<br />-2- <br /> <br />of execution of this lease by Mengden. Subsequent payments shall be made <br /> <br />on the same day of each subsequent month. <br /> <br />Ill. <br /> <br />Mengden agrees to use said premises for aircraft or aviation purposes. <br /> <br />It is hereby agreed that Mengden shall have the right to place, at his own <br /> <br />expense, a portable hangar on said premises. Said portable hangar shall be <br /> <br />installed according to City ordinances, rules and specifications. Said <br /> <br />portable hangar shall remain the property of Mengden and Mengden shall <br /> <br />have the right to remove said portable hangar at the end of said lease; <br /> <br />provided, however, that no damage to said demised premises shall occur <br /> <br />as a result of said removal. No mechanic's and materialman's lien shall <br /> <br />be fixed against the demised premises. <br /> <br />IV. <br />The term of this lease shall be for three (3) months beginning on the <br /> <br />date of execution of this Agreement by City. Said lease shall be <br /> <br />automatically extended for additionnal three month periods at the end of the <br /> <br />term, and at the end of each additional term, unless notice of intent to <br /> <br />cancel said lease is delivered to the other party thirty (30) days prior to <br /> <br />the end of the current term. <br /> <br />v. <br /> <br />Mengden shall be responsible for all maintenance, repairs and upkeep <br /> <br />of the demised premises. Maintenance, repairs and upkeep of all utility <br /> <br />lines and connections upon the demised premises shall be the responsibility <br /> <br />of Mengden. Mengden agrees to bear the costs of installation of any additional <br /> <br />utility lines or connections necessary for its use of said portable hangar <br /> <br />for aircraft or aviation purposes. Mengden shall pay all utility bills for <br /> <br />service to the demised premises. <br /> <br />VI. <br /> <br />All covenants, terms and conditions of this lease must be approved by <br /> <br />the Federal Aviation Administration before the effective date of the lease. <br />