Add spaces: Theoldpeasantrodeintothetownuponthishorse,andhisneighborsoftenborroweditofhim,andpaidfortheloanofitbyrenderingsomeservicetotheoldcouple.Afteratimetheythoughtitwouldbeaswelltosellthehorse,orexchangeitforsomethingwhichmightbemoreusefultothem.
The old peasant rode into the town upon this horse, and his neighbors often borrowed it of him, and paid for the loan of it by rendering some service to the old couple. After a time they thought it would be as well to sell the horse, or exchange it for something which might be more useful to them.