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<br /> B -I- OIL AND GAS LEASE y�
<br /> ' Form 88.-�(Producers) (NEBRASKA)
<br /> I�� 21282—The Augustine Co., County 3upplies, Grand Island, Nebr.
<br /> I �pM THE STATE OF NEBRASKA
<br /> ss.
<br /> Maurice H.hreaver and wife Ha.l1 County,
<br />, 1 hereby certify t/�at this instrument was entered on Numerical Index, and filed
<br /> f or recorcl t�iis 2 5 day of 0 c t o b er �j 19 ��-.
<br />' 'I'0 at 9�C� o'cloclz A• M. �,«�� U✓
<br /> Register o Deeds.
<br /> The C�,rter Oi1 Company Denuty.
<br /> Fees, � 2.20
<br /> �.'ommence
<br /> AGRE$MENT, Made ancl entered into thrs �th day of Oetober , iq�l, , by and between
<br /> Maurice H. Weaver and Anna L.Weaver, �er husbai�d, Snelton, Nebraska,
<br /> Party of the f irst part, hereinaf ter called lessor(wliether one or more)anc�
<br /> �.'rl@ Cart er' Oil Company Part y of the second part, hereinafter called lessee,
<br /> WITN�'SSETH, That the said Iessor, for and in consideration o{ Ten and 110�1�� — — — — — — — — — — — — — — — — — DOLLARS,
<br /> cash in hand paicl, receipt of which. is hereby acknowledged, and of the covenants ancl agreements hereinafter contafned on the part of lessee to be paid, kept, and per-
<br /> formecl, has granted, demisecl, Ieased ancl let and by these presents does grant, demise, lease and Iet unto said Iessee,for tl�e sole and only purpose of mining and operating
<br /> for oil and gas, and Iaying pipe lines, and building tanks, power stations and structures thereon to produae,save and take care of said products,aIl that certain tract of Tand
<br /> situated in tTie County of Hc'3-.1.1. State of NEBRASKA described as follows, to-wit:
<br /> Lot 5 Island
<br /> of Section 29 Township9 Nor th Range 1.2 tj3Tg S� and containing �j2.�� acres, more or less.
<br /> It is agreed that this lease sliall remain in f uIl f orce f or a term of t e n years f rom this clate, and as long thereaf ter as oil or gas, or
<br /> eitlier of them, is produced from said Iand by the Iessee.
<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 Tie may connect l�is wells, the equal one-eighth ('�) part of all oil produced and saved
<br /> f rom the leased premises.
<br /> 2nd. To pay lessor for gas from each well where gas only is found the equal one-eightTi (%s) of the gross proceeds at the prevailing market rate, for alI gas used off
<br /> fhe premises, saicl payments to be made monthly
<br /> and lessor to Iiave gas free of cost from any such well for all stoves and alI inside Iights in the principal cIwelling liouse on said land during tTie same time by making his
<br /> own connections witTi tTie well at his own risk and expense.
<br /> grd. To pay lessor for gas produced from any oil well ancl used of f fhe premises or in the manufacture of gasoline or any other product a royalty of one-eighth
<br /> (�) of the market value, at the mouth of the well, payable monthly at the prevailing market price.
<br /> If no well be commencecl on said Land on or before the �trl day of Oetober . ig�}2 , this lease shail
<br /> terminate as to botlt parties, unless the lessee on or before that date shall pay or tender to the lessor, or to the lessor's credit in TI�eFirst ,.gtAtg Ba.nk
<br /> Bank aeShelton, Nebraska ar �c9 suo�eggorg, wh��h ghgll continue
<br /> as the depository regardless of changes in the ownership of said Iand, the sum of Triir•teen and 15/1 0 — — — — — — — — — DOLLARS,
<br /> which shall operate as a rental and cover the privilege of deferring the commencement of a well for l� months from said date. In like manner and
<br /> upon like payments or tenc�ers the commencement o f a well may be f urther de f errec� f or Iike periods o f the same number of months successively. All such payments or
<br /> tenders of rentals may be made by check or draft of lessee or any assignee thereof, mailed or delivered on or before the rental paying date, either direct to lessor or assigns
<br /> or to satd clepository bank. Ancl it is understood and agreed that the eonsideration f irst reeited herein, the clown payment, eovers not only the privileges granted to the
<br /> clate when said' first rental is payable as aforesaid, but also the Iessee's option of extending th.at period as aforesaid, nnd any ancl all other rights conferred.
<br /> STiould the f irst 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 witl�in twelve months
<br /> from the expiration of the last rental period for wliich rental has been paid, this lease shall terminate as to both parties, unless the lessee on or before the expiration of
<br /> saicl twelve montl►s sTiall resume the payment of rentals in the same amount and in t�e same manner as hereinbefore providetl. An�I it is agree�I that upon tFte resump-
<br /> tion of th.e payment of rentals, as above providecl, that the Iast preceding paragraph hereof, governing the payment of rentals and tTie ef fect thereof, shall continue in
<br /> force just as t�ough there hncl been no interruption in t�e rental payments.
<br /> 1 f said lessor owns a Iess interest in the above described land tTian the entire and undivioled f ee simple estate therein, then the royalties and rentals herein provided
<br /> shall be paid the lessor only in the proportion whicl� l�is interest bears to the whole and undivided fee.
<br /> Lessee shall have the right to use, free of cost, gas, oil, and water produced on said land for its operation tTiereon, except water from wells of Iessor.
<br /> When requested by Iessor, lessee shall bury Tiis pipe Iines below plow depth.
<br /> No well shall be drilled nearer tl�an 20o feet to the house or barn now on said premises, without the written consent of the lessor.
<br /> Lessee sliall pay f or c�amages eausecl by its operation to growing erops on saicl lanc�.
<br /> Lessee shall have t�e right at any time to remove aIl machinery and fixtures placed on said premises, including tTie right to clraw and remove casing.
<br /> I f the lessee shall commence to drill a well within the term o f this Iease or any e xtension thereo f, the lessee shall have the right to drill such well to completion with
<br /> reasonable diligence and dispatch, and if oiT or gas, or either of them, be found in paying quantities, this lease shall continue and be in force with the Iilze ej'fect as if
<br /> suc{t well Iiarl been completecl within the term o f years herein f irst mentionec�.
<br /> If the estate of either party hereto is assigned, and the privilege of assigning in whole or in part is expressly allowed, the covenants hereof shall extend to tl�eer
<br /> I�eirs, executors, administrators, successors or assigns, but no change in the ownership of the land or assignment of rentals or royalties sFiall be binding on the lessee until
<br /> after the lessee has been furnished witl� a written transfer or assignment or a trae copy tl�ereof; and it is hereby agreed in the event this lease shall be assigned as to a
<br /> part or as to parts of the above describecl Iancls anc� t�ie assignee or assignees of such part or parfs shall fail or make default in the payment of fhe proportionate part of
<br /> the rents due from him or them on an acreage basis, such, default sliall not operate to defeat or affect tliis lease in so far as it covers a part or parts of said lands upon
<br /> which the said lessee or any assignee thereof shall make due payments of said rentals. If the Ieasec� premises are now or�iereafter owned in severalty or in separate tracts,
<br /> the premises, nei�ertlieless, may be deneloped and operated as an entirety, and the royalties shall be paid to each separate owr�er in the proportion that the acreage owned
<br /> by Tiim bears to the entire, Ieased nrea. Tl�ere sTiall be no obligation on tl�e part of the lessee to of fset wells on separate tracts into which the land covered by this Iease
<br /> may hereaf ter be divided by sale, devise, or otherwise, or to f urnish separate measuring or receiving tanks f or the oil produced f rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the title to the lands herein described, and agrees that the lessee shall have the right at any time to redeem for Iessor by
<br /> payment, any mortgages, taxes or other liens on the above described lands, in the event of default of payment Tiy lessor, and be subrogated to the rights of the l�older
<br /> t�.ereo f.
<br /> .........................�--.......----�----�------Maur._i.ce...H..k�'.�auer.-..------�------.....--------(SEAL)
<br /> Signed;sealed and delivered fn presence of ___________________________________________________Anna L.We�.ver ..__(SEAL)
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