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r~ <br />.,in!rROFII ~~ ~,37/R 77 <br />agreement and the right to remove such equipment at any time during the term <br />of this agreement or upon the termination thereof, provided second party is in <br />good standing under the terms of this agreement, Such removzil to be made <br />within sixty (60) days from the termination of this agreement. <br />11 . Second party expressly agrees that it will furnish public liability <br />and property damage insurance on all motor vehicles used in t}ie transportation <br />of sand or grave in and out of said premises and adequate insurance to protect <br />first parties from any and all accidents which might arise upon the premises above <br />described due to operations as conducted by second party upon said premises, <br />and second party shall maintain adequate Workmen's Compenszition as required <br />by the laws of the State of Colorado and protect and save harmless first parties <br />from any and all liability arising out of or caused by the operations of second <br />party as conducted upon said premises, <br />12, It is expressly understood and agreed that second party shall be <br />responsible for all operations conducted by second party upon the premises above <br />described and protect and save harmless first parties for any ar~d all claims for <br />labor, liens or indebtedness of whatsoever kind or nature arising out of the <br />operations of second party as conducted upon said premises above described. <br />13, It is expressly understood and agreed that in the event the stock <br />piles of sand or gravel shall be assessed for ad valorem taxes ley La Plata County <br />that second party shall be responsible for the payment of all tares legally levied <br />and assessed thereon. <br />14, It is expressly understood and agreed that second party cannot sell <br />or assign its interest in this contract except to Nielsons, Inc, without the written <br />consent of first parties first had and obtained. <br />15. It is expressly understood and agreed that this agreement may be <br />mutually terminated by the parties hereto at any time, or may be terminated by <br />first parties by failure of second party to comply with each and all of the pro- <br />visions hereof by giving notice in writing to second party of such default. Such <br />notice shall be sent by registered mail addressed to second part~~ at Post Office <br />--4-- <br />