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~~ <br /> <br /> <br /> ~~ <br /> ~- <br />~ • <br />3. That the Second Party will provide for an irrigation lateral <br />to the property described in Exhibit A to permit the irrigation of said <br />tract. <br />4. That the Second party will construct a fence around the <br />quarrying operation, including any area used for stockpiling. <br />S. The First Party agrees that if the Second party desires, it <br />may change the channel of South St. Vrein River in the area of Tracts A and <br />B as described in Exhibit A. The Second Party agrees to hold the First Party <br />harmless for any damage occurring drn+n stream resulting from the action of <br />the Second Party in changing said channel or in conducting the quarrying <br />operation. <br />6. The term of this Lease shall be ten (10) years, at an annual <br />rental of $100.00 per acre. Said $100.00 an acre times the number of acres <br />described in Exhibit A (16.77 acres) shall be paid .annually within the first <br />ten (10) days after each anniversary of this Agreement. In the event the <br />Second Party fails to make said payment ae prescribed, then this Agreement <br />shall terminate and be of no further force and effect. In the event this <br />Agreement is not sooner terminated as above provided, then the First party <br />hereby grants to the Second Party an option to renew said Agreement for an <br />additional ten (10) years on the same terms and conditions. Notice of <br />intention to exercise the option shall be given during the last 30 days of the <br />initial ten (LO) year term. <br />THIS Agreement shall be binding upon and inure to the benefit of <br />the personal representatives, heirs, successors and assigns of the respective <br />parties hereto. <br />EXECUTED this <br />day of <br />1962. <br />Hall F. Hall <br />A'1"PEST; '• '• <br />~., ~ t: <br />r ~ <br />•: '• Secretary <br />June T. Hall <br />KINC MOUNTAIN ROCK COMPANY, <br />BY~ ~ ,1 ~r <br />-2- <br />CC <br />