PERMFILE114522 - Laserfiche WebLink

Home Browse Search

E.°; _ ~~ `_:. 1 boil LEASE AGREEMENT ,.,,; , ,-. ,, !, . , THIS AGREEMENT made and entered into this 9th day of July 1980, between RAY MONTOYA and ESTELLE V. MONTOYA , hereinafter referred to as "Lessor", and C & J GRAVEL PRODUCTS, INC., hereinafter referred to as "Lessee". W Z T N E S S E T H In consideration of ten dollars and other good and val- uable considerations, receipt of which is hereby acknowledged, and rent, royalties, and covenants herein specified, the Les- sor hereby leases to the Lessee, his successors and assigns, the following-described real property found in Exhibit "A" attached hereto and made a part hereof, located in the W~ NE4 NW 4, S, Z,)~7• ~,/Section 10, Township 39 North (Ute), Range 9 L9est, N.td.P.M., being the Montoya tract. 1. This lease is granted for a primary term of ten years commencing on the 9th day of July, 1980, and ending on the 9th day of July, 1990, at 12:00 noon or until gravel is ex- hausted on said property, if that occurs sooner. 2. The Lessee shall have the right of ingress and egress through the leased premises for the purpose of removing sand and gravel and any materials suitable for use in connection with its business, but shall not interfere with the Lessor's existing access on the said property. If the Lessee uses the present, existing, access road, such use must not interfere with the Lessor and the road must be maintained as it pre- sently exists allowing passenger vehicle traffic. The Lessee shall have the right and privilege of setting up and erecting the necessary buildings, equipment or machinery for the opera- tion of such sand and gravel removal except no building for residence purposes shall be erected on the premises. The Les- see shall be entitled to a reasonable time within which to re- move any and all materials, buildings and equipment, placed on the premises during the term of this Lease or after the