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<br /> B -f- OIL AND GAS LEASE '�
<br /> Form 88�(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County 8uppliea, Grand Island, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Claude W.Gibson, single Hall County,
<br /> I hereby certif y tl�at tl�is instrument was entered on Numerical Index, ancl f iled
<br /> for recorcl t�iis 3 clay of December 19�1 .
<br /> TO at 9 o'cTock �!. M. ��;� �,
<br /> Register of D�
<br /> The �arter Oil �ompany peputy.
<br /> Fees, $ 2• 3�
<br /> ��
<br /> � �
<br /> Commence �
<br /> AGREEMENT, Made and entered into this Z�tYl day of Oetober . lg �-1 , by and betu�een �
<br /> �
<br /> Claude W.Gibsori, Laramie Wyo. , a single ma.n, �
<br /> �
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<br /> 3'71� Carter �ll. Q0111 c1I1 Party of tTie first part, hereinafter called lessor(whether one or more)and
<br /> p � Party of tTie second part, hereinaf ter called lessee, �.�� ,�
<br /> WITNESSETH, Tl�at the saicl lessor, for and in eonsicleration of One and 0.V. �"i. DOLLARS, � �
<br /> cash in hancI paid, receipt of which is hereby acknowleclged, and of the covenants ancl agreements hereinafter contained on the part of lessee to be paid, lzept, and per- �
<br /> formecl, has granted, demised, leased and Iet and by these presents does grant, demise, lease and let unto said lessee,for t�e sole an�I only purpose of mining and operating �
<br /> f or oiI and gas, ancl Iaying pipe lines, and building tanks, power stations and structures thereon to produce,save and take care o f said products,all that certain tract o f Iancl .�
<br /> situated in the County of Hall State of NEBRASKA described as follows> to-wit: `�N �
<br /> �� ��
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<br /> The Southeast quarter ( SE4) of tne Southwest quarter ( sW�) , and the Southwest quarter (3W�) � ���
<br /> ��.a
<br /> of the �outheast quarter ( SE4) �
<br /> � 'c�
<br /> of Section �j2 Township 9 North Rangel2 wBSt', and containing $`Q acres, more or less. �
<br /> It is agreed that this lease shall remain in f ull f orce f or a term of rj'�n �Z�� years {rom this date, and as Iong thereaf ter as oiI or gas, or �"�
<br /> either o f them, is produced f rom said lanc� by the Iessee. ��
<br /> In consideration of the premises the said Iessee covenants and agrees: B
<br /> ist. To c�eliver to tlie credit of lessor, free of cost, in the pipe Iine to which he may connect �iis wells, the equal one-eigTith ('/s) part of alI oil produced and saved
<br /> f rom the leased premises.
<br /> � 2nd. To pay Iessor for gas from each well where gas only is founcl tlie equal one-eighth (�/s) of tl�e gross proceeds at the prevailing marizet rate, for alI gas used of f 1�
<br /> � f�e premises, said payments to be macle Quarterly �
<br /> and lessor to T�ave gas free of cost from any such well for all stoves and aII inside Iights in tlte principal clwelling house on said Iand during tTie same time by making his �
<br /> own connections with the well at his own risTz and expense. �
<br /> r an other roduct a ro alt o one-ei htTi � ''
<br /> grd. To pay Iessor for gas produced from any oil well and used off tl�e premises or in the manufacture of gasoline o y p Y Y f 9
<br /> (�) of t�ie marizet value, at the moutli of the well, payable monthly at the prevailing marizet price. �
<br /> If no welT be commenced on said land on or before the l�-th day of �etober , iq �}2 , this Iease shall
<br /> terminate as to both parties, unless the Iessee on or before that date s�all pay or tender to t1�e lessor,or to the Iessor's credit in The Albany National �.
<br /> Bank at Lc�,ra,TTl�2� w310. oe its successors, wh��h shall continue
<br /> as the depository regardless of changes in the ownership of said Iand, the sum of 2'�' 1�'rY and no/100ths - - - - - - - DOLLARS,
<br /> wl�ich shall operate as a rental and cover the privilege of deferring the commencement of a well for twelve months from said date. In like manner and �I
<br /> upon like payments or tenclers the commencement o f a well may be f urther cle f errecl f or lilze perioc�s o f t�ie same number o f months successively. AII sucli payments or �� ,
<br /> tenclers of rentals may 6e made by c�eclz or draft of lessee or any assignee thereof, mailed or �'eliverec�on or before the rental paying date, either clirect to lessor or assigns ���
<br /> or to said depository bank. And it is understood and agreed that the 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 lessee's option of extending tliat period as aforesaid, and any and all other rights conferred. �
<br /> ShoulcC the f irst well drilled on the above described lancl be a clry {tole, then, and in that event, if a second well is not commenced on said land within 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 /> said twelve months shall resume the payment of rentals in the same amount and in t�e same manner as hereinbefore provided. And it is agreed that upon the resump- ��
<br /> tion of the payment of rentals, as above provided, that the Iast preceding paragraph Iiereof, governing the payment of rentals and the effect thereof, shall continue in
<br /> f orce just as tTiougl� there Ti.acl been no interruption in the rental payments.
<br /> 1 f said Tessor owns a less interest in the above described land than the entire and unclivided f ee simple estate therein, then the royalties and rentals herein prouided �
<br /> sh,all be paic� tTie lessor only in the proportion which his interest bears to the whole and undivided f ee. � `
<br /> Lessee shall have the right to use, free of cost, gas, oil, and water produced on said Iand for its operation thereon, except water from wells of Iessor. �
<br /> When requested by Iessor, lessee shall bury his pipe lines below plow deptl�.
<br /> No well shall be drilled nearer thnn �,00 feet to the house or barn now on said premises, without the written consent of the Iessor.
<br /> Lessee shalr pay f or damages caused by its operation to growing crops on said land. �
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<br /> Lessee shall have tlie right at any time to remove all macliinery anc�fixtures placec� on saicl premises, inclucling the riglit ta draw ancl remove easing. � �
<br /> 1}'the Iessee shall commence to clrill a well within the term o f tl�is Iease or any e xtension thereof, the lessee shall have the right to drill such well to completion with p�
<br /> reasonable diligence and dispatch, and if oil or gas, or eitl�er of them, be found in paying quantities, this lease shall continue ancl be in force with the like effect as if � �
<br /> such well had been completec� within the term of years herein first mentionecl.
<br /> If the estate of eitlier party hereto is assigned, and tlie privilege of assigning in wliole or in part is expressly allocued, tTie covenants hereof shall extend to their � �
<br /> heirs, executors, ac�ministrators, successors or assigns, but no change in the ownership of the land or assignment of rentals or royalties shall be binc�ing on the lessee until
<br /> after the lessee has been furnished with a written transfer or assignment or n true copy thereof; 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 clescribed lands ancl the assignee or assignees of such part or parts shall fail or make c�efault in the payment of t�ie proportionate part of .
<br /> the rents due f rom him or them on an acreage basis, such clef ault shall not operate to cle f eat or af f ect this lease in so f ar as it covers a part or parts o f saicl lands upon �
<br /> which the said lessee or any assignee thereof shall malze clue payments of said rentals. If the leased premises are now or hereafter owned in severalty or in separate tracts, � �
<br /> the premises. nevertl�eless, may be deneloped and operated as an entirety, and tl�e royalties shall be paid to each, separate owner in the proportion tTiat the acreage owned �
<br /> by him bears to the entire. Ieased area. TF�ere shall be no obligation on the part of tl�e lessee to of)set wells on separate tracts into which the land covered by this Iease �
<br />, may hereaf ter be divided by sale, devise, or otl�erwise, or to f urnish separate measuring or receiving tanks f or tl�e oil produced f rom suelt separate tracts. N
<br /> Lessor hereby warrants and agrees to defend the title to the lands herein described, and agrees that the ressee shall have the right at any time to redeem for lessor by
<br /> payment, any mortgages, taxes or other liens on the above described lands, in t�ie event of default of payment by lessor, ancl be subrogatecl to the rights of the holder �
<br /> thereof.
<br /> ..-----�----------------------------------------------��.au.de.._w.G�.�s.�n_>-----....-�----._..........(SEaL)
<br /> Signecl, sealed and delivered in presence of ( ) ���
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<br /> -----�--------Acce�ted�-----------------------------------------------------------------------------------------(SEAL) � �
<br /> �s�
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<br /> by Rex L. Dawson, �
<br /> --------�------------------------------------------�Tov. ���O�th,l��l-----------....---------------------(SEAL) ,
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