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exerciae of tha option being conefdered the first quar~erly peyment '
of the option term.
The Leseurs and LESLIE W. SC01T and MARY SGOZT, his wife, do i
give unto the Lessee the right, privilege and option tc Lease eaid
af ore described landa for an additional four (4) qears in ennuel
consecutive lease periods, said ~ption to be exercised in writing
to the Leoeora and LESLIE W. SCOTT and MARY SO~TT, his wife, at
least fortq-five (45) days prior to the ter~nination of any Leaea
term involved. Failure to exercise the option in any one (1) year
shall tera?inate any right to en option herein given.
The Leasors and LESLIE W. SCOTT and MARY SCOTT, hia wife, here
by reaerve the right to teraainate the lease herein granted, and the
options in connection therewith, at the end of any on~e qear period
in the event of a bona fide sale of the property herefn involved.
Provided, however, that the Leasee shall have the firat refusal to
buy said land herein leased upon the same ~enns and conditione as
contained in seid bona f ide sale. And further provided that in the
event the Lessee doea not elect to purchase the Landa herein leased
and a bona f ide ssle of the lande herein invoLved is made to pereon
and/or entities ~ther than the Lessee within eighteen (18) monthe
of the date of thi.s lease that the said I~SLIE W. SCOTT and MAP.Y
~ S(~OTT, hie wife, will return to the Lessee one-half ( z) of the tota
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~ f irst year's rent of the land herein involved.
~ The Lessee further a~rees to indemnify and sav~e hermless the
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~ Lessors and IESLIE W. SCOTT and MARY SCOTT, his wife, from any ;
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~ -~~j~~ claim or loss by reason of the Lessee's use or mis use flf the demise
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~ premises and xrom any claim or Loss by reason of any accident or (
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~ damage t~ any person or property happening on said premiste.
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~ The LeBaee covenanta with the said LeBSOra ta make no un l~, :
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~ ~ improper or offensive use of the premisea; not to use said premises~ ;
~f or any other purpose than cattle purposes, and to quit and delfver~
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~ ~up said premiaee at the end of eaid te~ in as good condition as ;
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~ ~ ~theq are now (ordinary waar and dec~y and dauwge by tht el8ments
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only excepted). And the aaid Lesaee hereby covenents and agreee ;
~ ~~'•AALES E. BECMT ;
=."i?ORNEY AT LAW
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