PERMFILE114522

• Permit No: M1980146
• IBM Index Class Name: Permit File
• Doc Date: 9/11/1980
• Doc Name: MONTOYA PIT FN 80-146
• From: C&J GRAVEL PRODUCTS INC
• To: MLR
• Media Type: D
• Archive: No

.• ~^per cubic yarof sand removed. Paymen ~ royalty shall
be made in the month in which such sand or gravel is re-
moved from the leased premises, payable at the end of the
monthly period. A monthly accounting shall be given to
the Lessor of all sand and gravel sold from the leased
premises and Lessor may inspect Lessee's books and records.
8. The Lessee shall have the right and privilege of
using any water from any springs on the leased premises
which Lessor may need for the operation of any machinery
or for the purposes of carrying on the sand and gravel
operation if any such water is needed and available.
9. The Lessee, at its option, may extend this Lease
for five (5)
additional years on the same terms
and conditions as are herein contained, except the royalty
shall be $.30 ( thirty cents) per cubic yard of
gravel removed, by serving written notice upon the Lessor
at least thirty (30) days before the expiration of the
term and upon the service of said notice, the Lease shall
be extended upon all these terms and conditions for the
extended term without the necessity of execution of any
further documents, provided, however, if either on the
date of expiration of the original term of this Lease or
the date upon which the Lessee exercises such option of
renewal, the Lessee is in fault beyond the grace period
herein provided and in performance of any of the terms
and conditions of this Lease, the extension of this Lease
shall be null and void.
10. The Lessor and Lessee shall have the right and
privilege of recording this Lease if they so desire the
same.
11. The Lessee shall only have the right to sub-lease
the premises upon written approval of the Lessor, which
approval shall not be unreasonably withheld.
IN WITNESS HEREOF, the parties have set their hands
and seals this 15th day of July , 1980.
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