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~~ of a gravel permit relating to the leased premises. If such permit be denied then this Lease Agreement shall be void and of no further force and effect. If such permit be granted then the lease term shall begin as of the date of such permit and shall extend for a period '~ of twenty years thereafter. ~.: 3: Lessee. shall have the privilege of access to the i leased premises prior to the commencement of the lease term for the purpose of performing any preliminary work necessary to perfect the application for permit referred to above. 4. The Lessor hereby leases to Lessee a right of way which shall be adequate for a twenty-four foot wide paved roadway and shall provide access to the iJest side of the leased property as an extension of-the paved county or state road which is now in existence. The Lessee covenants to pave the- said right of way. 5. Lessee shall have the right. to extract the sand, gravel and topsoil from all or any portion of the leased premises. Lessee covenants that_it shall commence its extraction operations in the river bottom and near the Southwest corner of the usable material. Stockpiles of removed or processed materials may be maintained at any point on the leased premises 6. Lessee shall have the right to install machinery, equipment, personal property, telephone lines, electric line s. and water lines in and on the leased premises and.shall have the right ~i', to remove such property from the premises at the end of the lease term. Lessee shall save Lessor harmless from all taxes which may be assessed or levied against the property installed by Lessee or against any stockpiled materials. Lessor shall remian responsible for the payment of ad valorem real property taxes before the same become delinquent. 7. As consideration for this Lease Agreement, and each and every covenant of the Lessor herein contained, the Lessee agrees to make payemnt to the Lessor as follows: -2-