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�=; i <br /> F�7 � . .�� c1:.a <br /> Y �.. . � <br />� . <br />� 76, 0027 '77 _ 3_ <br /> of such horses which are boarded on these premises . <br /> zx . <br /> � The net balance in the Farm Account , after deducting any <br /> outstanding obligations of such account and of this horse board- <br /> � ing business , shall be distributed quarterly one-half ( 1/2 ) to <br /> First Party and one-hal£ ( 1/2 ) to Second Parties . More frequent <br /> distributions shall be made as mutually agreed to between the <br /> partie� . <br /> x . <br /> The horse boarding business , as set forth above in this <br /> agreement , may be termi.nated by either of the parties by written <br /> notice to the other at least three ( 3 ) months prior to the <br /> intended date of termination . In the event either of the parties <br /> R. " hereto so elect to terminate the horse boarding business , as <br /> above described, division of the assets of the business shall <br /> be made one-half ( 1/2 ) to First Party and one-half ( 1/2 ) to <br /> Second Parties . Such assets shall comprise an inventory of feed <br /> �. ; and saleable supplies on hand, plus the net balance in the Farm <br /> ; i <br /> � � Account , a£ter payment of obligations of such Farm Account . <br /> r XI . <br /> � '� <br /> Irrespective of the life of the foregoing portion of this <br /> ; ' agreement , First Party grants to Second Parties , or to the <br /> survivor as between them, personally , an option to purchase the . <br /> ; above described premises at a price being the total of the following : <br /> i <br /> � 1 . The oriqinal cost of said premises , being $ 56 , 000 . 00 . <br /> � � <br /> � 2 . The dollar expenditures for improvements made on said <br /> � premises by First Party . <br /> 3 . Real estate taxes on said premises paid by First Party . <br /> i ' 4 . Interest computed at 81�'/ from this date as to the $ 56 , 0OO . OU { <br /> � <br /> and at 8�/o from the date of any expenditures by First Party for <br /> improvements and realty taxes : <br /> This option sha� l extend for a period of three ( 3 ) years from this <br /> date . . _. i ,,.. . :, <br /> If at any time within such three-year period, Second �y '�;�= , <br /> IParties are uesirous of exercising this option , they shall � , �' <br /> r� ' <br />„ ' : so notify First Party , in writing , and tender a cashier ' s �' <br /> r <br /> cn <br /> �� <br />:1,. <br /> �;� <br />�< �:� <br /> �F � - . _ -_ �� � <br />:C_ .� <br />-�' { <br /> . �� <br /> .,' [ <br /> _ 3 <br /> � <br /> 1 <br />