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<br /> ��.� �.�.� ��.� �L�a��
<br /> - � 71625-OMAHA PRINTINO COMPANY
<br /> STATE OF NEBRASKA
<br /> ss.
<br /> FROM County of HALL 'lhis instrume�zt was filed for record
<br /> • Myrt1_e Cunningham Rayno
<br /> T saac J. Rayxlo on the 1'� day of JulY 19 52 at l�:3� dclock A.M.,
<br /> and duly recorded in Book F�Q�� Page 121 �of tlze�cords of t '�
<br /> TU c�„�.�
<br /> Guy J. Cope
<br /> � Re,qister of Deeds.
<br /> By
<br /> ommence
<br /> AGREEMENT, Mude and entered into this 13 th da� of Ju�Y , 19 5� ,
<br /> by and between Myrtle Cunningharu Rayno and Isaae J. Rayno (Wife and husban��
<br /> � e r+
<br /> Part�t o�'the fe•rst, part, he.reinafter ealled lessor (whether one or more)
<br /> a� Guy J. C ope Purt J' of tke second part, hereinafter called lessee.
<br /> WITNESSETH, That the said lessor,for and in consideration of �15.80 Dollars
<br /> cash in hand paid,reeeipt of which is hereby acknowledged,and of the covenants and agreements hereinafter contained on the part of lessee to be paid,
<br /> kept and performed, has granted, demised, leased and let and by 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 lines, and building tanks, power stations and struetures thereon to produce,
<br /> save and take care of said products, all that eertain tract of land situated in the County of H�,11. State of Nebraska,
<br /> i, • deseribed as follows, to-wit:
<br /> Lot� � and � Mainland And North East Quarter of the South West Quarter And the North West
<br /> Quarter of the south East Quarter Of �ection 20, Twp. 9 North, Range 11 We�t.
<br /> of Section , Township ,Range , and containing �58 acres, more or less.
<br /> It is agreed that this lease shall remain in full force for a term of Five years from this date, and as lonq thereafter as oil or
<br /> gas, or either of them, is produced from said land by the lessee.
<br /> In eonsideration of the premises the said lessee eovenants and agrees:
<br /> 1st. To deliver to the credit of lessor,free of cost, in the pipe line to wlaich he may connect his wells, the equal one-eiqhtla (%) part of all ail
<br /> produced and saved from the leased premises.
<br /> Lnd. To pay lessor for gas from eaeh 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,�j'the premises,said payments to be made Monthly 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 o�e said land during the same time by making his own connections with
<br /> the well at his own risk and expense.
<br /> 3rd. To paJ lessor for qas produced from any oil well and used o,�'the pre.mises, or for the manufaeture of casinghead gasoline, one-eighth
<br /> (%) of the proceeds ut tlae prez>ailinq marlcet rate for tlae gas used, for the time during whieyi sueh gas shall be used said payments t,o be
<br /> made Mon�hly .
<br /> If no well be commenced on said land on o�• before the ZST day of Au�u�t 19 52 ,
<br /> this lease shall terminate as to bvth parties, unless tl�e lessee on or befa►•e t1�ut date shall pa� or tencler to the lessor, or to the lessor's credit in
<br /> The Commereial Na.tional Bank ut G�a.�d 2�1and� Nebr, or its successars, which shall continue as
<br /> the depository regardless of chunges in tlae ownership of said land, the su�ra of �r 9.00 Dollars
<br /> which shall operate as a rental and cover tlae privileqe of deferring the commencement of a well for 12 months from said date. In like
<br /> 7rxanner and upon like payments or tenders the commencement of a well may be further deferred for like periods or tlae same number of months sue-
<br /> cessively. And it is understood and agreed that the consideration first recited herein, tlie 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 /> eonferred.
<br /> Should the f rst well drilled on the above described land be a dry hole, then, and in that event, if a seeond well is not eommenced 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 parties, unless tJae
<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,�}'ect thereof, shall eontinue in foree just as though there had been no interruption in the rental payments.
<br />, If said lessor owns a less interest in the above descriUed land t�aan the entire and undivided fee simple estate therein, then the royalties and
<br /> rentals herein rovided shall be aid the lessor onl in the ro ortion whieh his izaterest bears to the whole and undivided ee.
<br /> p p y P p f
<br /> Lessee shall have riglat to use,free uf cost,gas,ail, and water produced on said land for its operation thereon, exeept water from wells of lessur.
<br /> When requested lry lessor, lessee shall Lury his pipe lines below plow derpth.
<br /> • No well shall be drilled nearer than 200 feet to the house or barn now on said premises, 2vithout tlae written eonsent of the lessox.
<br /> Lessee shall pay for damages caused by its operations to growinq crops on said land.
<br /> Lessee shall jaave the righ,t at crny time to remove all machinery and fixtures plaeed on said premises, ineluding the right to draw and
<br /> remove easing.
<br /> If the lessee shall commence to drill a well within the term of this lease or any extension thereof, the lessee shall have the riglr� to drill such
<br /> well to eompletion with reaso7aable diligence and dispateh, and if ozl or gas, or either of them, be found in payinq quantities, this lease shall eontinue
<br /> and be in force urith the like e,�}'eet as if sueh well hcul been eompleted wzthin the term of years laerein first mentioned.
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