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<br /> - 71625-OMAHA PRINTINB COMPANY
<br /> STATE OF �?EBRASKA
<br /> H.ALL ss.
<br /> FROM Count� of This instrument was filed for record
<br /> • John E. Hayse 1'� da o JulY 19 �2 at 10:3�'clock A•M,,
<br /> Minnie HaysE on the y f
<br /> ctnd duly recorded in Book ��QN Puge ],19 of the records of thi o .
<br /> TO
<br /> Guy J. Cop�
<br /> � gister of Deeds.
<br /> f'� By �
<br /> ommence
<br /> —
<br />;
<br /> AGREE1t1ENT, Made and entered into this lOth day of Jui.y , 19.�� ,
<br /> by and between John E. Hayse and Minnie Hay�e, (Hu3band and Wi�'e�
<br /> Part�o,�the,first part, he.reinafter ealled lessor (whether one or more)
<br /> and Guy J. Cope PartY of the second part, hereinafter called lessee.
<br /> WITNESSETH', That the said lessor,for and in consideration of �51.00 Dollars
<br /> cash in hand paid,reeeipt of which is hereby acicnowledged,and of the couenants and agreements hereinafter contained on the part of lessee to be paid,
<br /> kept and performed, has granted, demised, leased and let and lnj thcse prese�ats does grant, demise, lease and let unto 8aid lessee,for the sole and
<br /> only purpose of mining and operating for oil and gas, and layinq pipe lines, and building tanks, power stations and struetures thereon to produce,
<br /> save and take eare of said products, all that certain tract of land situated in the County of H�-1 State of Nebrcesku,
<br /> • deseribed as follows, to-w�t:
<br /> West Ha1f of Section 3l, And South half of the sou�h ea�t quarter �nd North East qu�zrter
<br /> of the south east quarter And the sou�?^ e�st quarter of the north east quarter A nd lot 1
<br /> ma3.nland of the north East quarter of Faeation 20, All in Tvr�. 9 North, Range 11 We st
<br /> .
<br /> of Section , Township ,Range , and containing 510 acres, 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 the credit of lessor,free of cost, in the pipe line to which Iae may connect his wells, the equal one-eightla (%) part of all oil
<br /> produeed and saved,from the leased premises.
<br /> �nd. To pay lessor for qas from each well where gas only is found, the equal one-eighth (%) of the gross proceeds at the prevailing market
<br /> • rate,for all gas used o,�the premises,said payments to be made 1�4 on thly and lessor to have gas free of cost from an y
<br /> sueh well for all stoves and all inside lights in the principal dwelling housc on said land during the same time by making his own eonneetions urith
<br /> the well at his own risk and expense.
<br /> 3rd. To pay lessor for gas produced from any oil well and used o,�j'the premises, or for the manufacture of casinghead gasoline, one-eig)r,th
<br /> (%) of the proceeds at the prevailing marlcet rate for tlie gas used, for the time during whicla such �as shall be used said payments to be
<br /> made Monthly .
<br /> If no well be commenced on said land on or before the 1ST day of Au�rtzst 19 52 ,
<br /> this lease shall terminat,e as to buth parties, u7aless tlae lessee, on or vefore that date shall �a,y �r tender to the lessor, or to the lessor's credit in
<br /> The Commereial National Bank at Grand Zsland, Nebr. or its auccessors, whicli shall eontinue as
<br /> the depository regardless of changes in the ownership of suid land, the sum of �2��.00 Dollars
<br /> which shall operate as a rental and cover tjie privileqe of deferring the commencement of a well for 12 months 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 agreed that the consideration first reeited herein, the down payment eovers not only the privileges granted to tjee
<br /> date when said first rental is payable as ccforesaid, 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 whieh rental has been paid,this lease shall terminate as to both par�ies, unless the
<br /> lessee on or before the expiration of said twelve mo�aths shall resume the payment of rentals in the same amount and in the same manner as herein-
<br /> befare provided. And it is agreed that upon the resumptio�a of the payment of rentals, as above provided, that the last preceding paragraph hereof,
<br /> governing tlae payment of rentals and the e�j'ect thereof, shall contiycue in force just as though tlaere had been no interruption in the rental payments.
<br /> If said lessor owns a less interest in the above described land tlian the entire and undivided fee simple estate therein, then the royalties and
<br /> rentals herein provided shall be paid the lessor onl� in tlte proportion whieh his interest bears to the whole and undivided fee.
<br /> Lessee shall laave right to use,free of cost,gas, oil, and water produced on said land for its operation thereon, except 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,200 feet to tlie house or barn now on said premises, without the written consent of the lessor.
<br /> Lessee shall pay for damaqes caused by its operations to growing crops on said land.
<br /> Lessee shall have the right ut any time to remove all machinery and fixtures placed on said premises, includinq the right to draw and
<br /> remove casing.
<br /> If the lessee shall com�aence to drill a well within the term of this lease or any extension thereof, the lessee shall have the right to drill sueh
<br /> well to completion urith reasonable diligence and dispatcla, and if oil or gas, or either of them, be found in payinq quantities, this lease shall eontinue
<br /> and be in foree urith the like e,fj'ect as if such well had been completed within the term of years herein first mentioned.
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