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If that is true then the name "Niggerhead" was on the lease Perry signed, no?

Uh, no. The term "Niggerhead" most likely forms no part of the legal description of the tract in question.

Why would anybody be dumb enough to think that it was? Seriously.

The legal description for that tract probably looks something like this (as a "fer instance"):

320.8 acres, more or less, out of the T. & N. O RR Company Survey No. 11, A-712, Throckmorton County, Texas, and being the same land described in that certain Warranty Deed dated January 27, 1974, from William J. Clinton to Rutherford B. Hayes, recorded in Volume 683, Page 264, Deed Records of Throckmorton County, Texas.

See any "Niggerhead" in there?

You are right. Someone posted the actual lease agreement, and the slur isn't on it.

But the land was called that, wasn't it? It wasn't just a random slur on a rock, like graffiti, it was the name of the land, no?

Here is Herman Cain's quote:

"... And since Governor Perry has been going there for years to hunt, I think that shows a lack of sensitivity for a long time of not taking that word off of that rock and RENAME the place".

Herman Cain is claiming that N***Head was the NAME of the acreage. So which is it? The NAME of the acreage, or a random graffiti on a rock at the entrance?