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<br />' B -I- OIL AND GAS LEASE
<br /> �.
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<br /> Form 88•-�(Producers) (NEBRASKA)
<br /> 21282—The Auguatlne Co., County Supplies, Grand Island, Nebr.
<br /> FROM THE STATE OF NEBR.ASKA
<br /> ss.
<br /> Dora Hill� wj.dow� County,
<br /> I hereby certi{y that this instrument was entered on Numericul Indez, and f iled
<br /> for recorc� t�iis 25 tlay of October �l ,
<br /> TO at 9 i�U o'clock A- M. �_��u/ ��� �I
<br /> Register of Deecls.� II
<br /> Deputy. ,
<br /> The Carter Oil company Fees. $ 2. 20 �'�
<br /> Commence
<br /> AGREBMENT, Made and entered into this 7��1 day o f 0 c t o b er . 19 �I-1. . by and between
<br /> Dora Hill, a widow, Shelton, i�tebraska
<br /> Party of the first part, liereinafter called lessor(whether one or more)and
<br /> T112 ri c"�T't P.r' �1 Z �o mp an y - - - - - - - - - - - - - - - - - - p�.t y o f t�e second part, hereina f ter called lessee,
<br />' WITN�SS�TH, T�iat the saicl lessor, f or ancl in consic�eration o f T 2I1 Ar1 c�. n o/100 - - - - - - - - - - - - - - DOLLARS,
<br /> cash in hand paid, receipt of wl�ich, is hereby acTznowledged, and of the covenants and agreements hereinafter contained on the part of lessee to be paid, kept, and per- _
<br /> formed, has granted, demised, leased and let and by these presents does grant, demise, lease and let unto said lessee,for tlie sole ancl only purpose of mining and operating
<br /> {or oil and gas, ancl Iaying pipe lines, and building tanlzs, power stations and structures tl�ereon to produce,save and take care of said products,aII that certain tract of land
<br /> situated in the County of H��-�- State of NEBRASKA described as follows, to-wit:
<br /> The TJor�tneast Quarter of the 1�lorth?�rest Quarter (iVE� iVW4} , and Lots l, 2, and 3, except a tra.ct
<br /> of 2� acres in t��.e soutneast cornar of lot 3 iri trie form of a square, also tile folloT�ring des-
<br /> cribed laric�, cornmencin� at t'r.ie nortnTaest corrier stake of t_le nortiieast Quarter of Section 30,
<br /> Tw�. 9 Nortn, Range 12 West Hall County, i�ebras�a, r:annin� therice east 56 32/53 rods; thence
<br /> sauth 56 32%;3 rod�; tizerice L�TP,St 56 32/�3 roas; ti7erice nortn �6 32/53 rods to ?�l�ce of beginning,
<br /> of Section 3� Township9 North �nge 12 weSt and containing �-7� acres, more or less.
<br /> It is agreed t�at this lease shall remain in f ull f orce f or a term of t e n years f rom this date, and as long thereaf ter as oiI or gas, or
<br /> either of them, is proclucec�from said Iand by tlie 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 Iine to wliich he may connect his wells, tlie equal one-eighth, ('�) part of all oil produced and saved
<br /> f rom the leased premises.
<br /> �,nd. To pay Iessor for gas from each well where gas only is found the equal one-eighth, (�/s) of the gross proceecls at the prevailing marizet rate, for alI gas used off
<br /> the premises, said payments to be made m O Tl�''11.�7
<br /> and lessor to have gas free of cost from any such well for all stoves and alI inside lights in the principal dwelling house on said land during the same time by making his
<br /> own connections wit{t tFie well at Iiis own risk and expense.
<br /> 3rd. To pay lessor for gas procluced from any oil well and used of f the premises or in t�ie manufacture of gasoline or any other product a royalty of one-eighth
<br /> (lis) of the market value, at the mouth of the well, payable montlily at the prevatiling market price.
<br /> 1 f no well be commenced on said Iand on or be f ore the 7 t�7 clay o f 0 e t o b e r . t 9 �-�-2 . this lease shall
<br /> terminate as to botl� parties, unless the lessee on or before that date shall pay or tencler to tlie lessor,or to tl�e lessor's eredit in The FiT'S t, st,c�t e
<br /> Bank at Shelton, ��ebT'c�- S1ic'Z or its successors, wh��h shgIl continue
<br /> as t�e depository regardless of changes in the ownership of said Iand, the sum of For�y three &:1Ci �OI100 — — — — — — — DOLLARS,
<br /> which shall operate as a rental and cover the privilege of deferring the commencement of a well for months from said clate. In Iike manner and
<br /> upon like payments or tenders the commencement of a well may be {urther deferred for like periocls af tl�e same number of months successively. All sucA payments or
<br /> tenders o f rentals may be macle by eheck or draf t of lessee or any assignee thereo f, mailec� or delivered on or bef ore the rental paying clate, either c�ireet to lessor or assigns
<br /> or to saicl clepository banlz. And it is understood and agreed tliat t/ie consideration f irst 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 Iessee's option of extending that period as aforesaid, and any and all other rights conferred.
<br /> Should the first well drilled on the above described land be a dry hole, then, ancl in that event, if a second well is not commenced on said land witTiin twelve mont�s
<br /> f rom tlie expiration of the last rental period f or which rental has been paid, tl�is lease shall terminate as to botli parties, unless the lessee on or bef ore tlie e�rpiration o`
<br /> said twelve months shall resume the payment of rentals in tTie same amount and in the same manner as hereinbefore provided. And it is agreed that upon th.e resump-
<br /> tion of the paymenf of rentals, as above provicled, that the Iast preceding paragraph l�ereof, governing the payment of rentals and the effect t�,ereof, shall continue in
<br /> f orce just as thoug�, there �acj been no interruption in f�e rental payments.
<br /> I f said lessor owns a less interest in the above described land than the entire and undivided f ee simple estate therein, then the royalties and rentals herein provided
<br /> shall be p�xicl the lessor only in the proportion which lirs interest bears to the wTiole and undivided f ee.
<br /> Lessee shall have the right to use, free of cost, gas, oil, and water produced on said land for its operation thereon, except water{'rom wells of lessor.
<br /> When requested by lessor, lessee shall bu►y his pipe lines below plow deptTi.
<br /> No well shall be drilled nearer thnn 20o feet to the house or barn now on said premises, without the written consent of the Iessor.
<br /> l.essee shall pay for clamages causec� by its operation to growing crops on said land.
<br /> T essee shall have the right at any time to remove alI machinery and f ixtures placed on said premises, including the rigTit to draw and remove casing.
<br /> I f the lessee shall commence to drill a well within the term o f this lease or any e xtension thereo(, the Iessee sh.all have the right to drill such well to completion with.
<br /> reasonable diligence and dispatch, and if oil or gas, or eitlier of them, be found in paying quantities, this lease shall continue and be in force with tTie like effect as if
<br /> such well had been completed within the term o f years herein f irst mentioned. �
<br /> If the estate of either party hereto is assignecl, ant� the privilege of assigning in whole or in part is expressly allowetl, t�ie covenants hereof sFtall extencl to their
<br /> heirs, executors, administrators, successors or assigns, but no change in the ownership of the land or assignment of rentals or royaTties shall be binding on the Iessee until
<br /> after the lessee has been furnished with a written transfer or assignment or a tru,e copy thereof; and it is hereby agreed in the event this lease sliall be assigned as to a
<br /> part or as to parts of the above clescribed Iands and tl�e assignee or assignees of such part or parts shall fail or malze default in the payment of tTie proportionate part of
<br /> the rents due from h.im or them on an acreage basis, such default sliall not operate to clefeat or affect tliis lease in so far as it covers a part or parts of said lancls upon
<br /> which, the saic� lessee or any assignee thereof shall make due payments of said rentals. If the leased premises are now or liereafter owned in severalty or in separate tracts,
<br /> the premises, nei�ertheless, mny be de,neloped and operated as an entirety, and the royalties shall be paicl to each separate owner in t1�e proportion that the acreage owned
<br /> by Tiim bears to tFie entire, leasecl area. There shall be no obligation on the part of the lessee to offset wells on separate tracts into which t�e land covered by this lease
<br /> may hereafter be divided by sale, devise, or otherwise, or to furnisTi separate measuring or receiving tanTzs for the oil produced from such separate tracts.
<br /> Lessor hereby warrants and agrees to de f end the title to the lands herein described, and agrees that the lessee shall have the right at any time to redeem f or lessor by
<br /> payment, any mortgages, taxes or other liens on the above described lands, in tl�e event of clefault of payment by lessor, and be subrogated to the rigl�ts of the holder
<br /> thereof.
<br /> Dora Hill : (SEAL)
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<br /> Signed, sealed and delivered in presence o{ -�................�---.....-------------------------....._.....---�---�----------.......-------------�----------------........------(SEAL)
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