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L E A S E THIS AGREEMENT, made and entered into this 11th day of July, 1956, by and between Lena Baasch, a widow, party of the first part and hereinafter called the Owner, and Luther - Maddox Sand and Gravel Company, a Partnership, consisting of Don Luther and Ralph Maddox, parties of the second part, here- inafter called the Gravel Operators. WITNESSETH: That the Owner, under the terms and conditions and agreements hereinafter set forth, does hereby lease to the Gravel Operators, with the rights and privileges hereinafter set forth, the following real property and interest in real property, situate in the County of Hall and State of Nebraska, to -wit: A strip of land off the east side of the Southwest Quarter of the Northeast Quarter and Lot Two (2) on Island in) °Section Thirteen (13) running from.. south to north through said premises with parrallel sides 26J rods wide, containing about 23 1/3 acres all in Section Thirteen (13), Township Eleven (11), North, Range Nine (9), West of the 6th P. M., in Hall County, Nebraska. from July 11, 1956, to July 11, 1961, Gravel Operators agree to commence operations on or before the 1st day of May, 1962, the Gravel Operators having the option to renew said lease for periods of five years, beginning July 11, 1961, by notifying the owner at least thirty days prior to each option date, all subject to earlier termination as hereinafter set forth. That said Gravel Operators are engated in the busi- ness of pumping, excavating, and otherwise producing and selling sand and gravel for highway and building construction, and for other purposes. That this lease is made for the purpose of, and said Gravel Operators shall have and is hereby granted, the right during the lease period aforesaid to excavate, pump, dredge, and otherwise remove sand and gravel from the leased premises, in such quantities and in such manner as they may from time to