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i~~~b~~ G <br />• <br />~I <br />THIS LEASE, made this ~ day of May, 1999, by an between MANUEL & <br />RAUL VASQUEZ OF 41681JTE HWY, LONGMONT, CO. 80503, here and after <br />"LESSOR", and L of L„o ~ ,Colorado, <br />"LESSEE", for the follow describe property~~ <br />Legal description as follows, located S 41 ~i la,'i Sk L of section 3 / <br />-T- <br />township ~_ north, range ~~ west of the 6th p.m. Laramie county. <br />TO HAVE AND HOLD the same with all appurtenances unto said. quarry from <br />twelve o' clock noon on the day following the date of execution of this lease, until twelve <br />o' clock noon on the last day of May , 2005, at rental to be paid as follows: <br />LESSEE shall pay royalty based on the number of tons of stone removed from the <br />quarry. The amount of said royalty is 55.00 per ton of stone so removed. All stone <br />removed from quarries shall be weighed or weight determined by the parties to this lease. <br />Royalties due on stone are to be paid weakly. <br />LESSEE shall have no obligation to pay a minimum monthly rental, to quarry a <br />particular quantity of stone per month, and/or to sell stone to ant particulaz person or <br />entity. ' <br />In the event that LESSEE fails to pay any sum due under this lease in a timely <br />fashion, LESSEE agrees to pay LESSOR interest at the rate of 15% on said unpaid sums <br />from the date of default. <br />FURTHER, as part of the consideration for this lease, the parties agree as follows: <br />LESSEE AGREES: <br />i <br />e <br />i <br />`~I <br />l <br />,, <br /> <br />