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<br />,. , . <br />,'• - <br />the expiration of the principal first year term herein. <br />TERMINATION <br />1. This easement and right-of-way shall terminate and <br />revert to Munroe at such time as Colorado Lien ceases to <br />retain any mineral rights in the afore-described NW.1/4 and <br />N 1/2 of the SW 1/4. <br />2. .Upon termination all improvements of a permanent <br />. nature, not removed by Colorado Lien within.180 days. sha{1 <br />become the property of Munroe. <br />3. In the event this easement an d. right-of-way is <br />terminated at a time other than the end of a term year <br />(March 31) Colorado Lien shall not be entitled to any refund <br />of consideration paid to Munroe for the unused portion o f <br />such year. <br />NOTICE <br />All notice or other communication desired by the parties <br />hereto or required by the terms of this agreement shall be <br />considered conclusively given if transmitted in writing and <br />deposited in..the United States Mails, postage prepaid. to <br />the addresses of the respective parties as such appear below <br />or as may be from time to time amended by written notice;' <br />to-wit: <br />GLADYS T. MUNROE COLORADO LIEN COMPANY • <br />• Box ]9bl <br />Fort Collins. Colorado 80521 <br />BINDING <br />This agreement shall be binding upon and shall inure to <br />the benefit .of the heirs, executors, successors or assigns <br />of the respective parties hereto. <br />. COLORADO LAW <br />This agreement shall be enforced and interpreted under <br />the Laws of the State of Colorado. <br />I <br />I <br />- 5 - <br />