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<br /> B -I- OIL AND GAS LEASE Y���
<br /> Form 88.-�(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County Bupplies, Grand Island, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Union Central Life Insurance Hall County.
<br /> �+'OI11��c�.;1�T 1 hereby certify that this instrument was enterecl on Numerical Index, and filed
<br /> for recorc� this 2� ctay oJ �ecember iq �1 ,
<br /> TO at g`: j0 o'clock A. M. ��,c�r�<.��-c-�-��
<br /> Register of Deeds.
<br /> The Car°ter Oil Company Deputy.
<br /> Fees, $ 2• 30
<br /> �.'ommence
<br /> AGREEMENT, Made and enterecl into this 6tr1 day oF November , t9�]. , by and betu�een
<br /> The Union Central Life Insurance Comnany
<br /> The Cart er �11. �%OIIl c'�11 Pw�ty of the first part,hereinafter called lessor(wltether one or moref and
<br /> p y Part y of the second part, hereinafter called lessee,
<br /> WITNESSETH, That the said lessor, f or and in consideration o f S ix t y—f'1 V 2 8c NO�1�� (�6 5.00� - - - - - - - - - _DOLLARS,
<br /> cash in hand paid, receipt of w�tich is Tiereby aclznowledged, and of the covenants and agreements hereinafter contained on the part of lessee to be paid, kept, and per-
<br /> formed, Iias granted, demised, leased and let and by tl�ese presents does grant, demise,lease and let unto said lessee,For the sole and only purpose of mining and operating
<br /> f or oil and gas, ancl Iaying pipe lines, and building tanks, power stations and stru,ctures tl�ereon to produce>save and take care o f said products.all that certain tract o f land
<br /> situated in the County of Hc�.1-1- State of NEBRASKA clescribed as follows, to-wit:
<br /> The S�a� af Sec. 31, exce��t ri�ht-of-way of the Hastings & Northwestern RR, & except the
<br /> Island Wagon Road, & except that pa.rt S. of tt�e ri�nt-of-way of the Hastings & Northwestern
<br /> , RR, also lots 4 & 5 in the NW�, all in Section 31, Township 9, Range 12, in Hall County, West
<br /> of the 6th P. M. containing 260.09 aeres more or less, according to the United States Government
<br /> Survey thereof,
<br /> of Section �1 Township 9 Rangel-� �. 6th PM and containing 26�.�9 acres, more or less.
<br /> It is agreed that this lease shall remain in f ull f orce f or a term of f i v e � �j� years f rom this date, and as long thereaf ter as oil or gas, or
<br /> either of them, is produced f rom said land by the Iessee.
<br /> In consicleration of tTie premises the said lessee covenants and agrees:
<br /> tst. To deliver to the credit of lessor, free of cost, in the pipe line to which he may connect his wells, the equal one-eighth (�) part of alI oil produced and saved
<br /> f rom t�ie leasecl premises.
<br /> 2nd. To pay lessor for gas from each. well where gas only is found the equal one-eighth (%a) of tl�e gross proceeds at the prevailing marizet rate, for all gas used of(
<br /> the premises, said payments to be macle ----
<br /> and Iessor to have gas f ree of cost f rom any such well f or all stoves and alI inside Iigh.ts in tlie principal dwelling house on saic� Iand during the same time by malzing his
<br /> own connections with the well at liis own risk and expense.
<br /> 3rd. To pay Iessor for gas produced from any oiI well and used off the premises or in the manufacture of gasoline or any other product a royalty of one-eightTi
<br /> (�) of the market value, at the mouth o f the well, payable monthly at the prevailing marizet price.
<br /> If no well be commenced on said land on or before the 6 day of November . , tg 42 , tliis lease Shalt
<br /> terminate as to botlt parties, unless the lessee on or before that date sliall pay or tender to th,e lessor,o7�CMi�tTXe�g$S�pCS?CX�3��t,.± j„I1
<br /> The Union Central Life Insuranee Co. &�at Cineinnati, Ohio, or its successors. .�h��h g6gI1 continue
<br /> as the depository regardless of changes in the ownership of said Iand, the sum of `.�iXt�-f ive 8C NO�10� ���Fj.��� --------� DOLLARS,
<br /> w�ich shall operate as a rental and cover the privilege of deferring tke commencement of a well for t��relve months from said date. In like manner and
<br /> upon like payments or tenders the commencement of a well may be furtTier deferred for like periods of the same number of months successively. All such payments or
<br /> tenclers 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 said depository bank. And it is understood and agreed tliat the consideration f irst recited herein, the clown payment, covers not only tl�e privileges granted to the
<br /> date when said first rental is payable as aforesaid, but also t�e lessee's option of extencling that period as aforesaid, and any and all other rights conferretl.
<br /> Sh,ould the first well drilled on the above described Iand be a dry hole, tTien, and in that event,if a second well is not commencecl on saicl Iand witliin twelve months
<br /> from the expiration of the Iast rental period for whicl� rental has been paid, this lease sliall terminate as to both parties, unless the Iessee on or before the expiration of
<br /> saicl twelve months shall resume the payment of rentals in the same amount and in the same manner as hereinbefore provided. And it is agreed that upon the resump-
<br /> tion of t(�e payment of rentals, as above provided, tl�at the last preceding paragraph Tiereof, governing tl�e payment of rentals and the effect thereof, shall continue in
<br /> force just as though there had been no interruption in the rental payments. `
<br /> 1 f said lessor owns a less interest in the above described land than the entire and undivided {ee simple estate therein, then the royalties and rentals herein provided
<br /> shall be paid the Iessor 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 land for its operation thereon, except water from wells of Iessor.
<br /> When requested by lessor, Iessee sI�aII bury Ftis pipe Iines below plow deptFi.
<br /> No well sliall be clril�ecl nearer than 20o feet to the house or barn now on saicl premises, witliout the written consent of the lessor.
<br /> Lessee sliall pay for clamages causecl by its operation to growing crops on sait� land.
<br /> Lessee shall have the right at any time to remove all machinery and fixtures placed on said premises, including the right to draw and remove casing.
<br /> If the Iessee shall commence to drill a well within the term of this Iease or any extension thereof, the lessee sliall have the right to drill sucl� well to completion with
<br /> reasonable cliligence and d�spat�h, and if oil or gas, or either of them, be founc�in paying quantities, t�is lease s�all continue ancT be in force wit�i tjte lilze effect as if
<br /> such well Tiad be.en completed within the term of years herein first mentioned.
<br /> If the estate of either party hereto is assignecl, anc� the privilege of assigning in whole or in part is expressly allocoed, tlie covenants {tereof shall extenct to their
<br /> Tieirs, executors, administrators, successors or assigns, but no change in the ownership of the land or assignment of rentals or royalties shall be binding on the lessee until
<br /> after the Iessee has been furnished with a written transfer or assignment or a true copy thereof; ancl it is hereby agreed in the event tl�is lease shall be assigned as to a
<br /> part or as to parts o f the above clescribed Iands and the assignee or assignees o f such part or parts sFeall f ail or malze def ault in the payment o f tlte proportionate part o f
<br /> the rents clue from him or them on an acreage basis, such default shall not operate to c�efeat or affect this Iease in so far as it covers a part or parts of said lands upon
<br /> which. the said lessee or any assignee thereof shall malze due payments of said rentals. If the Ieased premises are now or herea(ter owned in severalty or in separate tracts,
<br /> th,e premises, net�ertlieless, mny be denelopecl and operated as an entirety, and the royalties shall be paic� to eacli separate owner in tlie proportion that the acreage owned
<br /> by him bears to the entire Ieased area. There shall be no obligation on the part of the lessee to of fset wells on separate tracts into which the land covered by this lease
<br /> may hereafter be divided by sale, devise, or otherwise, or t��'u�rr�is��sep�a�,r�at�e�m,�e�u�r�g�o�r�e�enivi�nghc�Tnlzs��r t�e o,�,p�r,o��c�froQir�su�l�s��c�gte�r�cts.
<br /> Lessor hereby warrants and agrees to defend the titleEBo e ds �`� e cri e�,qan agr s tlit�t t e l�sse� s�ia av e nght a any time o redeem for lessor by
<br /> payment, any mortgages, tases or other Iiens on the above described lands, in the event of default of payment by lessor, and be subrogated to the rigl�ts of the holc�er
<br /> thereof.
<br /> ( CORP) 'li.iE__.UiVI�I�__._CEI1`i�RAL._.LIFE.--INSL?RA1?_CE---C�.-----------.---------(SEAL)
<br /> ( SEAL)
<br /> Signed, sealed and delivered in presence of By.__J.,_.�i.._��.t.f.i.e.1d,.___..__�li_c.e_..Pr.e.�iden�..................................(SEAL)
<br /> By.---�'�,._C._D_un�nQrst.,_A�il_!t..Tr_�.�:s�ar-�-�'---------------------------------(SEAL)
<br /> D. E.Moore----------------�--------------------------......-�----------------��-CORP) -----7riE_.__�ARL�N.--QIL...COI�I?'ANY.---�---._......---------------------------------------(SEAL)
<br /> ------------------------------------ - - -
<br /> ( SEAL)
<br /> --...-�-----------------�-J�-P-._S�lvo-----------�-------------�---------......------------------------------�----------- ----._....._�3y O.�C_,_Scrorp,..Vice---Pre.sident_..-----�-------------...-----(SEAL)
<br /> ----A TT�,S l-'-------Q.,A...��..�.�-�------------------------------------------------------------------------------ ..............----------------------------------------------------------------------------.._..-------------------------------------(SEAL)
<br /> , Assistant Secretar;r
<br /> ----------------------------------------------------------------------------------------------- --------�---•-•-•-----....._..---------------------�----•---------------•----------------...-----------�-----..._....---------------(SEAL)
<br />� _ __ - _ _ _ �
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