Big News Ad Company has leased a portion of Farmer Jane's land for the purpose of installing a billboard sign. The lease is for 50 years and is unrecorded. The sign was built on the leased space and is clearly visible to anyone who visits the property. Farmer Jane sells the leased land to Farmer Bill. Farmer Bill threatens to terminate Big News's lease unless it pays him more rent. Farmer Bill claims that since the lease was not recorded, he is a bona fide purchaser and is not bound by the lease terms. Will Farmer Bill be successful with his claim against Big News?
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