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opinion of Lessee, such use shall not effect the use of the property. <br />II <br />RENTAL AND ROYALTIES <br />Lessee agrees to pay Lessor, her heirs or assigns, as rental <br />for the quarry privileges granted hereunder, a royalty in the sum of <br />THIRTY CENTS (30¢) per ton for each ton of 2,000 pounds of rock removed <br />from the premises. Additionally, Lessee shall pay Lessor a rental <br />royalty of Ten Percent (10~) of the net profits derived from the <br />recovery and sale of any strategic and/or precious metals removed from <br />the premises. <br />Lessee warrants and guarantees that the amount of the <br />aforementioned royalties for any payment year shall be a sum not less <br />than Lessor's total mortgage obligation for the same period. Should <br />royalty amount due Lessor based upon tonnage be less than Lessor's <br />payment, Lessee shall advance Lessor funds to meet Lessor's mortgage <br />obligation. Said funds will be deducted from future royalty payments. <br />Payment to Lessor shall be on a monthly basis. The <br />royalty payment for each month shall be due and payable on the 10th <br />day of the next successive month. <br />III <br />SCALES <br />Lessee shall install, operate and maintain on the leased <br />premises, accurate and reliable mine scales on which all material/rock <br />removed from the premises shall be weighed. Such scales shall be kept <br />in good condition and repair, and Lessor shall have the right at any <br />time to test the accuracy of these scales. Lessee agrees to provide <br />Lessor on a monthly basis a copy of the scale tickets. <br />zv <br />TAXES <br />Lessor_.hall be solely responsible for payment of any and <br />all property taxes or' assessments levied on the leased property. <br />-2- <br />. -. . _.. .. _. _ . ..... _.~,_ . .T_.. - . <br />.. T.~ . <br />