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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-23
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84 lines
EASEMENT AGREEMENT
______________________________, referred to as OWNER, and
______________________________, referred to as GRANTEE, agree:
OWNER is the owner in fee simple of the following described real
estate:
_______________________________________________________
In consideration of $ _____________ ( __________________________
& _______/100 dollars) paid by GRANTEE, the OWNER grants to
GRANTEE an exclusive easement to excavate and remove sand and
gravel, which shall include all necessary and ancillary rights
thereto including the right of ingress and egress, the right to
erect outbuildings or to store equipment thereon for a period of
_____________ years. However, at the expiration of the term of
this lease, GRANTEE shall remove all such equipment and
outbuildings. Further, GRANTEE shall at the time of termination
of this agreement slope all banks which may be hazardous.
GRANTEE shall promptly begin excavation operations and shall
diligently utilize the property for the purpose of excavating
sand and gavel and shall maintain continuous and regular
excavations.
GRANTEE shall pay $_______________ ( _________________________
& _______/100 dollars) per _____________ for all sand or gravel
removed to OWNER with settlement and payment due no later than
the fifth of each month for the previous month. GRANTEE shall
keep complete and accurate records of the amounts of sand and
gravel removed from the property. Such records shall be subject
to the right of OWNER to inspect the same at all reasonable
times.
GRANTEE shall construct fences around any sand and gravel pits
sufficient and as used in good practice. GRANTEE shall at all
times maintain insurance with minimum limits of
$_______________________________________________________ ( &
no/100 dollars) for public liability.
OWNER may use any portions of the property not being excavated or
reasonably required by GRANTEE.
The grant of easement herein shall bind the heirs and assigns of
the OWNER; however, GRANTEE may not assign the rights hereunder
without the consent of OWNER. The rights herein shall be
specifically enforceable.
Dated: _______________________
__________________________________
______________________________, OWNER
__________________________________
______________________________, GRANTEE
Witnesses as to OWNER:
__________________________________
___________________________________
Witnesses as to GRANTEE:
___________________________________
____________________________________