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<br />--r-----. _~-- -- --~ <br />LEAS E <br /> <br />FZ.I ~C.:,~'I~~.ED <br />NOV 12 1974 <br />COLO. UIVISIUN OF MINES <br />THIS AGREENJQIT, made in duplicate this 25th day of April, 1974, <br />between Charles E. Hogue and Margaret E. Hogue, parties of the first <br />part, and Cecil E. Bettger and Kenneth D. Bettger, parties of the send <br />P~% <br />6JPi4~SSETH, Whereas, the parties of the first part own a tract of <br />land described as follows: <br />A gravel pit located on first parties' land about six <br />miles West of Steamboat Springs, Colorado and North of <br />U.S. Highway 40, Routt County, Colorado. <br />NOW THEREFORE, in consideration of the rental hereinafter provided, <br />the first parties do hereby lease and let unto second parties said Gravel <br />Pit above-described for the purpose of obtaining gravel for a period of <br />one year canmencing Jame 1, 1974 and ending June 1, 1975, with option of <br />second parties to renew said lease for one additional year by giving <br />first parties sixty (60) days written notice of renewal and the rate per <br />cubic yard shall be negotiated. <br />It is provided that during the teen of this lease, said parties of <br />the second part shall have the exclusive right to obtain gravel from the <br />above-mP.ntioned pit. <br />It is further provided that as a rental, said parties of the first <br />part shall receive twenty-five cents (25 cents) per cubic yard for all <br />gravel removed which shall be paid quarterly during the teen of this lease. <br />Parties of the second part agree to keep correct records of all gravel <br />TT IS AGREED AND U[VDERSPOOD, that second parties will be responsible <br />for all costs and liabilities in the operation of the removal of said <br />gravel and shall hold first parties harmless from any liability. <br />Second parties agree to shut gates to protect livestock of the first <br />parties, which it is agreed may be grazing about said premises, and will <br />not injure said livestock. <br />TT IS FURTHER AGREED, that on rP,,,,;nation of this lease, second <br />parties Shall remove all their marhinary and equipment flan said premises. <br />IN WITNESS WHERE70F, the parties have hereunto set their hands and <br />seals the day and year first above written. <br />Cecil E. Bettg <br />~~~~~~ . <br />Keane D. Bettg <br />Pasties of the Sec:and Part <br />Charles E. Hogue <br />i <br />Margaret E-~ H~ ~/ <br />Parties of ~t~Ye First Part <br />