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<br /> - 7I62S-OMAHA AAIN7INY COM�ANY � �
<br /> STATE OF Nebraska
<br /> ss.
<br /> FROM Cou�ity of Hall This instrume�tt was filed for record
<br /> • Fred Bit�fieZd, sin�le
<br /> on the 17 day of July 19 S2 at 10:30 o'clocic A.M•,
<br /> and duly recorded in I3oolc 11 Q�� Page 111 of tlae records o thas o,�ee.
<br /> TO ��;�.G���'`�
<br /> Guy J. C opE h,egaster of Deeds.
<br /> , By
<br /> omr��nce _
<br /> AGREEMENT, Made and entered i�tto this lp duy of Ju�.y . 1951 �
<br /> . by and between Fred Bit�field, (�in�le)
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<br /> , Party of the,first part, hereinafter eal.led l'essnr (whether one or more)
<br /> and �'uy J. C ope Part�r of the seconcl part, hereinafter called lessee.
<br /> WITNESSETH, That the said lessor,for and in eonsideration of �16.00 — — — — — --- — — — — — — — — Dollars
<br /> cash in hand paid,receipt of which is hereby acknowledqed,and of the covenants und agreements hereinafter contained on the part of lessee to be paid,
<br /> kept and performed, has granted, demised, leased and let and ln� these presents does grant, demise, lease and let unto said lessee,for the sole and
<br /> only purpose of mininq and operating for oil and gas, and laying pipe li�aes, and buildinq tanks, power stations and struetures thereon to produce,
<br /> save and take care of said produets, all that eertain traet of land situated in the County of H�11 State of Nebraslca,
<br />'� • described as follows, to-wit:
<br /> North W�st Quarter of Section 32, Twp. 9, North, Range 11 West.
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<br /> of Section , Township ,Range , and containing �-E� acres, more or less.
<br /> It is agreed that this lease shall remain in full force for cc term of Five years from this date, and as long thereafter as oil or
<br />' gas, or either of them, is produeed from said land by the lessee.
<br /> In consideration of the premises the said lessee covenants and agrees:
<br /> Ist. To deliver to the eredit of lessor,free of cost, in the pipe line to which he may connect his wells, the equal one-eighth (%) part of all oil
<br /> produeed and saved from the leased premises.
<br /> Lnd. To pay lessor for gas from each well wyiere gas only is found, the equal one-eighth (%) of the gross proeeeds at the prevailing market
<br /> Mo nthl a les or o liav as ree o cost rom an
<br /> • rate,for all gas used o,�f the premzses,saul payments to be made y nd s t e g f f f y
<br /> sueh well for all stoves and all inside lights in the principal dwelling house on said land durinq the same time by making his own connections with
<br /> the well at his own risk and expense.
<br /> 3rd. To pay lessor,for gas produced from any oil well and used o,{f the premises, or for the manufacture of casinghead gasoline, one-eigl�th
<br /> (%) of the proceeds at the prevailinq marlcet rate for the gas used, for the time during wlaicli sueh gas shall be used said payments to be
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<br /> made Monthly •
<br /> If no well be commenced on said land on or before the 1 st day of Augu s� 19.�. ,
<br /> this lease shall termiryccrte as to botla �arties, zinless the lesseP on ar be,fore that dcrte shall pay or tender to the lessor, or to the lessor's credit in
<br /> The Cammercial National Bank at Grand Island, Nebr. or its sueeessors, wjiich shall eontinue as
<br /> the depository rcgardless of claa�zge.s in the ownership of said land, tlie sum of �80•00 Dollars
<br /> which shall operate as a rental and cover the privileqe of deferring the commencement of a�vell for 12 montlis from said date. In like
<br /> manner and upon like payments or tenders the commencement of a well may be further deferred for like periods or the same number of months suc-
<br /> eessively. And it is understood and aqreed that the consideration f rst recited herein, the down payment covers not only the privileges granted to the
<br /> date when said first rental is payable as aforesaid, but also the lessee's option of extending that period as aforesaid, and any and all other rights
<br /> conferred.
<br /> Should the first well drilled on the above described land be a dry hole, then, and in that event, if a second well is not commenced on said land
<br /> within twelve months from the expiration of the last rental period for which rental has been paid,this lease shall terminate as to both parties, unless the
<br /> lessee on or before tlae expi.ration of said twelve months shall resume the payment of rentals in the same amount and in the same manner as herein-
<br /> before provided. And it is agreed that upon the resumptimz of tjie payment of rentals, as above provided, that the last preceding paragraph hereof,
<br /> governing the payment of renta�s and the e,�`ect thereof, shall continue in force just as though there haul been no interruption in the rental payments.
<br /> If suid Zessor owns a less interest in the above described land than the entire and undivided fee simple estate therein, theya the ro�alties and
<br /> rentals herein provided shall be paid the lessor only in the proportion whieh his interest bears to the whole and undivided fee.
<br /> Lessee shall have riglzt to use,free of eost,gas,ail, and water produced on said land for its operation thereon, exeept water from wells of lessor.
<br />' When requested by lessor, lessee shall bury his pipe lines below plow depth.
<br /> • No well shall be drilled nearer than N00 feet to the house or barn now on said premises, without the written consent of the lessor.
<br /> � Lessee shall pa�for damaqes caused b� its operations to growing erops on said land.
<br /> Lessee shall have the riqht at any time to remove all machinery and fixtures placed on said premises, includinq the right to draw and
<br />' remove casinq.
<br /> If the lessee shall commence to drill a well urithin tlae term of this lease or any extension thereof, the lessee shall have the right to drill such
<br /> well to completion with reasonable diliqence and dispatch, and if oil or gas, or either of them, be found in paying quantities, this lease shall continue �y:,..
<br /> and be in force with the like e,�'ect as if such well had been completed within the term of years herein first mentioned.
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