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(~ <br /> <br />~~cROf~~ .~~7~a77 <br />2. This agreement shall be for a period of five (5) years from this <br />date, ending and terminating at 12:00 o'clock Noon on the 15tH day of June <br />1977 unless sooner terminated as hereinafter provided. <br />3. Second party agrees to move in whatever equipment is necessary <br />upon the premises above described to produce sand and gravel from said premises, <br />with the right to stock pile upon the above described premises such sand and <br />gravel and from such stock piles load and sell such sand and gravel. <br />4. It is understood and agreed that this agreement shall be operated <br />under a fiscal year, each fiscal year ending June 15th of the calendar year such <br />that the first fiscal year shall be from the period June 15, 1972 to June 15, 1973; <br />the second fiscal year shall be from the period June 15, 1973 to June 15, 1979; <br />the third fiscal year shall be from the period June 15, 1974 to J»ne 15, 1975; the <br />fourth fiscal year shall be from the period June 15, 1975 to June 15, 1976; the <br />fifth fiscal year shall be from the period June 15, 1976 to June ].5, 1977. Second <br />party agrees to pay for such sand and gravel produced and removed from the above <br />described premises the following amounts: <br />First fiscal year - 16~ per ton <br />Second fiscal year - 12~ per ton <br />Third fiscal year - 14,z~ per ton <br />Fourth fiscal year - 16~ per ton <br />Fifth fiscal year - 18~ per ton <br />Such weight of materials produced and removed from said premises to be kept by <br />second party as reflected by scales to be installed by second party upon the above <br />described premises, and second party shall keep an accurate re<;ord of all scale <br />weights of all sand and gravel removed from said premises. Such scales to be <br />installed before second party shall remove any sand or gravel from said premises. <br />5. Second party sh3 11 have the right of ingress and egre:as from the above <br />described premises to U. S. Highway 550, which shall be in a Northwesterly <br />direction from the above described premises, the use of which read as access from <br />the above described premises to U. S. Highway 550 shall be for first parties, their <br />heirs, successors and assigns in title to said premises, and second party, its <br />successors or assigns, and not as a public or access road for other persons without <br />permission in writing from each of the parties hereto. <br />--~-- <br />