HomeMy WebLinkAbout0969 .
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for any or all eervice8. materfala ar~d equipment. .Op~ratinq
Company ia uthorized to and may com~r?ence plantinq, developing, ~
operatinq d maintaininq citrue qroves on the lar~d immediately '
~ upon~ the execution of this Aqreement. '
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That Operating Company ahall bill Owner for, and Owner ~
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~ . shall payt monthly. commencinq one nanth from the date of the
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execution of this Aqreement, a1Z coete incuried by Operatinq
Company in performing its dutiea ae set forth above: Said coets
shall include~ but are not limited to: intereet at the rate of ~
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696 per annum upon sums expended by Operatinq Com~a~y;.•or such `
rate of interest in excees of 696 per annum as is from time to
- time required to be paid by Operating Company for the purpose of
performing its obligations under the Agreement; all operation, ~
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-development+ maintenance~ farminq and other costs incurred by
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Operating Company; depreciatfon upon bufldinqs and equipment .
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owned by Operatinq Companyt and supervieion expenses; a charge
. repreaenting Operatinq Company'e adminiatrative•~ equipment and ~
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all other overhead expenses with respect to performance of
Operating Company's duties as set forth above. ~
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That Owner ehallt for the duration of ,thi8 Agreement, ~
market all crops upon the land thro~tgh Operatinq Compa~ny in ac-
cordance,with Operatf.nq Company'a etandard marketinq aqreement+
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_ a copy of which is attached hereto as Exhibit and made a part
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hereof by reference. . ~
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~hat Operating Company may develop+ farm ar~d maintain ,
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the land aru! othsr lar~ds in the vicinity as a unit aad may adopt ;
any reasonable basie for prorating costs ae between the various
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' ownere of said lands. •
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Th~t Owner hereby grants to Operatinq Company a lien
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