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}~...:2,.. +~, :. ~.,~ c~ ~jv 1111111111111111111 ~ i~'!~ ~~Qvi~~ <br />• ~. L: <br />k <br />LcASc <br />~, - ~ ~9a~ <br />fvltiVFD !_iIND RECLAMAI l0~'i <br />THIS AGREEnENT, made ti~is , • day of betwe eii Week ?fAy~i'f;~l ~5SD:!r~p~ ~ <br />party of the first pary, and Vernon Diiley, doing business as Dilley's Sand and Gravel, <br />party of the second part; <br />WITNF.SSt;TH: <br />That iri consideration of the mutual covenants and agreements of the parties, the <br />~~ ' <br />,,_~,.~lt~fk~.i~g9y oz yhich are hereby ackuowiedged, the party of the first part dues by_these ' <br />presents lease to the parties of the second part, the following described property, to-wit: <br />t~ ~. The ~oucheast tluaxter of the 6outhwest 4uar[er (SE}SWIG) of Section one (1) <br />and the Northeast 4uarter of the ivorthwest 4uarter (N&~Nwi) of Section Twelve <br />_ (12), Township Four (i,) North, Range rifty-seveh (57) West of the sixth (vth) <br />Principal Meridian, Morgan County, Colorado. <br />6or the purposes of exerac:tirrg and removing therefrom gravel and sand and similar products, <br />.first party graritirrg to second party the night of ingress and egress and use of the surface <br />Of the above described premises as are necessary and convenient to the operation of con- <br />. ducting a sand and gravel pit works. `1"' <br />' The term of this lease si~ali be for: Eytears from the date hereof. However second~~ <br />' patty has an irrevocable option to renew tills lease fur a second+ term which shall be <br />i,~ " eaterCieed by giving written notice ti~ereof to the party of the first part by certified mail <br />, '; <br />to the 'following address or such other address as he may be ft;om time to time informed in <br />writing by party of the first part:d <br />It is mutually agreed that the rental for said premises shall be per year payable <br />:ppon"date of execution of this instrument ar~d upon the same day each year thereafter during <br />the term of this lease. <br />IC'.ls furthermore agreed that party of the second party sirali present to party of the <br />' first part for the right to remove sand and gravel ur similar products the sum of ~~/per <br />~; ~ <br />yard, truck measure, for all gravel removed Erom said premises whici, sum shall be payable <br />• on the firs[ day of each month and s}~ali be payable to the address above said. Measurement <br />by [ruck measure shall be construed [o indicate larger or smaller capacity trucks. <br />L;, •. IC is furthermore mutually undersCOUd by [he parties hereto [hat Che rate of payment <br />~,.~. _, <br />' @drtemoval of gravel is subject co substantial variation and flux and [hat the standard <br />iM :'• <br />1'~ need.herein ie determined by payments made by the State of Colorado as royalties for the <br />Sic `~ <br />s,~: <br />ih . <br />f;:,! .. removal of and and gravel. Therefore the parties agree, a[ the written request of either <br />-,., <br />i,~r. :to entei into good faith negotiations in the future as fluxuating market conditions dictate. <br /> The parties of the second part further covenant chat at the expiration of the time <br />~~ li <br />, <br />... mentioned in this lease, peaceable possession of said premises shall be given to party of the <br />~ <br />h <br /> <br />;:. <br />~C~,~ :. <br />;v ,. <br />: <br />. <br />j <br />~, <br />,,} :~ <br /> <br />- i <br />;, <br />- <br />1.:1 <br />i <br />