PERMFILE49864

• Permit No: M1976051
• IBM Index Class Name: Permit File
• Section_Exhibit Name: EXHIBIT B C D E F
• Media Type: D
• Archive: No

L E A S E

THIS AGREEMENT made and entered this 17th day of January,
1977, between Charles E. Hogue and Margaret E. Hogue, parites
of the first part, and Cecil E. Bettger and Kenneth D. Bettger,
parties of the second part;
WITNESSETH, Whereas, the parties of the first part own a
tract of land described as follows:
A gravel pit located in the SW;, Sec. 4, TSN,
R85SV, more particularly described as follows:
Beginning at a point from which the 54;, Corner
~~~r Sec. 4, Bears:
~ t~!~~ N35°36'14"(~;~ 1563.59 feet, Thence
N34°36'46"E, 517.76 feet, Thence
S56°57'26"E, 522.83 feet, Thence
S34°59'44"W, 537.20 feet, Thence
N54°49'27"W, 519.07 feet to the
point of beginning containing 6.31
acres more or less.
NOW THEREFORE, Inconsideration of the rental hereinafter
provided, the parties of the first part do hereby lease and
let.unto the parties of the second part said Gravel Pit above-
described for the purpose of obtaining gravel for a period of
one .year commencing January 17, 1977 and ending January 17,
1978, with the option of parties of the second part to renew
said lease for one additional year by giving parties of the
first part sixty (60) days written notice of renewal and the
rate per cubic yard shall be negotiated.
It is provided that during the term of this lease, said
parties of the second part shall have the exclusive right to
obtain gravel from the above-mentioned pit.
It is further provided that as a rental, said parties of
the first part shall receive twenty-five cents (25 cents) per
cubic yard for all gravel removed which shall be paid quarterly
during the term of this lease. Parties of the second part agree
to keep correct records of all gravel removed.
It is a agreed and understood, that parties of the second
part will be responsible for all costs and liabilities in the
operation of the removal of said gravel and shall hold parties
of the first part harmless from any liability.
Parties of the second part agree to pay all costs for work
done by them on the premises which may result in liens on the
interest of the parties of the first part. Parties of the
second part will keep the premises free and clear of all
mechanic's liens and other liens on account of caork done for
them. The parties of the second part agree to and shall in-
demnify and save parties of the first part free and harmless
against liability, loss, damage, costs of expenses, including
attorney's fees, on account of claims and claims of liens of
laborers or others for work performed for, or materials or
supplies furnished to parties of the second part.
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