HomeMy WebLinkAbout2873 ~ ~
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~ theroNi th. . Operati~g Campany nay perfona the dutie: and serv; ce: enuner
ated herein° diroctly or may controct foc ~ny or all servtces, matertals ~
~ and equipment. Operating Caapany is authortzad to and may cc~mienco E
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~ ~~•~planting, devslcping. operattng and maintaining citrus grovas on tha ~
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; • land imnediately upon the exocution of this Agroement. ~
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; That Operattng Company sha11 btll O~er tor. and Owner shsil
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. • pay, eonthly, cam~encing one month from the date of the'execution of ~
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~ thTs Agroeme~t, ali costs incurred by Operating Caapany~in performing
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; ~its duties as set fo~th above. Sald costs shall include, but are not .
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~ limited to: interost at the rate of 6~ per annum upon suns expended ~ .
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! ~by Ope~ati~g Co~pany, or such rate of interost in excsss of 6~ per
= a~~un as is f~an.time to time requi~ed to be psid by Operating Company
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; ~ for the purpose of performtng its obligatlons under the Agroement; all . '
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; operation, devalc~pment, maintenance, fa naing and othe~ costs incurred by
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Operating Canpany; dapreciation upon buildings and equipmont owned by ~ ,
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~ Operating Company, and supervtsion expenses; a charge rep~esenting . .
~ Operating Campany's administrotive, equipment and ~I1 overhead expenses - ~
: with respect to•perfonaance of Operating Campany's duties as set forth .
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; That Owner shall~ for the duration of thts Agroement, markat
- ~ . all crops upon ths land through Operating Company In acco~dance with ~
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` : Ope~ating Campa~y's standard marketing agreeraent, a copy of which is
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~ ' attached hereto as Exhibit "B" and made a part hereof by refe renca. -
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, That Ope~ating Canpany may devalop, fanu and a~si~taln the land
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~ ~ basis for pro~sting costs as between the various owners of said lands. .
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~ = That Ownsr hsreby granta to~Operating Ca~pany a lten agsinst
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the land dsscribed in Exhtbit "A" heroto, and att crops grown.thereon
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