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<br /> - 71625-OMAHA PRINTINB COM►ANY
<br /> STA�'E OF Nebraska
<br /> ss.
<br /> FROM County of Ha1I This instrument was filed for record
<br /> • William P. Bockerman on the 1'� day of JUZy 1952 at 1�:3� a'clock A•M.,
<br /> Rubina H. BoCkermari und duly recorded in Book Q Page 1�•7 of tlie re rds of this ee.
<br /> TO
<br /> egister o Deeds.
<br /> Guy J. Cope �
<br /> By
<br /> C ommeri��REEMENT, Made and entered into this 11Th da,y of JuyY � , 19 51 ,
<br /> h, and between William P. And Rubina R. Bockerman ( Husba.nd and wife )
<br /> Part�,�'f tlae fir�st p�rt, hereinafter called lessor (whether one or more)
<br /> and Guy J. C ope Part y of the second part, hereinafter called lessee.
<br /> WITNESSETH, That the said lessor,for and in consideration of �16.00 Dollars
<br /> easlt in laand paid,reeeipt of which is hereby aeknowledqed,and of the eovenants and agreements hereinafter eontained on the part of lessee to be paid,
<br /> kept and performed, has granted, demised, leased and let and by these presents does qrant, demise, lease and let unto said lessee,for the sole and
<br /> only purpose of mining and operating for oil and ga,�, and laying pipe lines, and building tanks, power stations and struetures thereon to produce,
<br /> save and take care of said products, all that certain traet of land situated in the County of Ha11 State of Nebraska,
<br />, • deseribed as follows, to-wit:
<br /> ScLtth East Quarter of �ection 31, TV,rp. 9 North, Range 11 West
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<br /> � of Seetion , Township ,Range , and containing 16 0 aeres, more or less.
<br /> It is agreed that this lease shall remain in full foree for u 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 t�ie 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 where qas only is found, the equal one-eighth (%) of the qross proceeds at the prevailing market
<br /> • rate,for all gas used o,�the premises,said payments to be made Mont?�ly and lessor to have gas free of eost from any
<br /> such well for all stoves and all inside lights in the principal dwelling house on said land durinq the same time by makinq his own connections zvith
<br /> the well at his own risk and expense.
<br /> 3rd. To pay lessor,for gas produeed from any oil well and �csed o,�j'the 7xremises, or for the manufaeture of eusinghead gasoline, one-eighth
<br /> (%) of the proceeds at the prevailing market rate for the gas used, for tlae time during wjcich such gas shall be used said pc�yments to be
<br /> made 1�4onthly .
<br /> If no well be commenced on said land on or before the 1�`� da� of Augu s t 19 �2 ,
<br /> this lease s�call terminate as to both parties, unless t�ae lessee on or before t,hcd date shall pay or tender to the lessor, or to the lessor's credit in
<br /> Tlae C omme re i a1 N at i o nal Bank at Grand I sl and, N ebr. or its successors, which shall condinue as
<br /> the depository regardless of cjianges in tlae ownership of said lc�nd, tlae suma of �B�•�� Dollars
<br /> �vhich shall operate as a rental and cover the privileqe of deferring the commencement of a well for 12 months from said daEe. In like
<br /> manner and upon like payments or tenders the eommencement of a well may be furtlaer deferred for like periods or the same number of months sue-
<br /> cessivelJ. And it is understood and agreed that the consideration first recited herein, the down payment covers not only the privileges qranted 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 /> Shauld 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 /> 2vitliin 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 the expiration 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 resumption of the payment of rentals, as above provided, that the last preeeding paragraph hereof,
<br /> governing the payment of rentals and the e,�j'ect tlaereof, shall continue in force just as thouqla there had been no interruption in the rental payments.
<br /> If said lessor owns a less interest in the above described land tjian tlae entire and undivided fee simple estate therein, then tlie royalties and
<br /> re,�itals herein provided shall be paid the lessor only in tice proportion whicla his interest bears to the wltole and undivided fee.
<br /> Lessee shall have right to use,free of cost,gas,oil, and water produeed on said land for its operation thereon, exeept water from wells of lzssor.
<br /> When requested by lessor, lessee shall bury his pipe lines below plow depth.
<br /> • No well shall be drilled nearer than ,200 feet to the house or barn now on said premises, without the written eonsent of the lessor.
<br /> Lessee shall pay for damages caused by its operations to growinq crops on said land.
<br /> Lessee shall have the right at any time to remove all machinery and fixtures plaeed on said premises, ineludinq the right to draw and
<br /> remove easinq.
<br /> If the lessee shall commence to drill a well within t)ae term of this lease or any extension thereof,.the lessee shall have the ri�ht to drill sueh
<br /> well to completion with reasonable diligenee and dispatch, and if oil or gas, or either of them., be found in paying quantities, this lease shall continue
<br /> and be in force with the like e,$'ect as if such well had been completed urithin the term of�ears herein first mentioned.
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