2001-11-26_PERMIT FILE - M2001113

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14. REMEDIES OF OWNER In the event of any failure by the Lessee to pay any rental payment or a violation of the terms of this Lease, the Owner shall give Lessee 30 days written notice of such violation. If the Lessee does not cure such violation of this Lease within 30-day period, the Owner shall have the right to declare this Lease terminated without further notice to the Lessee and shall have the right to re-enter and repossess the Leased Premises and to remove the Lessee therefrom. In the event the Owner elects to re-enter and repossess the Leased Premises and to terminate the Lease, the Lessee shall remain liable for any unpaid lease payment due and owing to the Owner, and any damages sustained by the Owner as a result of any default by the Lessee. The failure on the part of the Owner to re-enter and repossess the Leased Premises, or to exercise any of their rights hereunder upon default, shall not preclude the Owner from exercise of any such rights during the continuance of such default or upon any subsequent default. 15. TAXES. The Owner shall pay when due all real property taxes upon the Leased Premises. The Lessee shall be responsible for payment of any taxes upon Lessee's personal property and equipment upon the Leased Premises and shall further pay when due arty sales, excise, mineral severance, or other tax of any nature whatsoever upon the sand, gravel, rock and fill materials removed from the Leased Premises or Lessee's operations thereon. 16. INTEREST. Any sums owing by Lessee to Owner hereunder not paid when due shall accrue interest at 12.0% per year from the due date until paid 17. RIGHT OF FIRST REFUSAL. In consideration of this Sand and Gravel Lease, Owner hereby gives, grants and conveys to Lessee an irrevocable Right of First Refusal to purchase the Leased Premises and/or the Gravel Pit -Eastern Site, the Gravel Pit -North Site and the Gravel Pit -West Site now owned by the Owner under terms and conditions hereafter set forth: 17.1 In the event the Owner receives a bona fide offer to sell the Leased Premises, or the Gravel Pit -Eastern Site, or the Gravel Pit -North Site or the Gravel Pit - West Site, Lessee shall have the absolute Right of First Refusal to purchase any of the above described properties that were the subject to a bona fide offer to sell in the following manner. 17.2 Owner shall notify Lessee in writing of an offer for sale of any of the above described properties which Owner desires to accept, together with a copy of such offer to sell, offer to purchase, or contract of purchase or document setting forth such offer. 4.