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B - IL A LEA E `��9
<br /> I- 0 ND GAS S
<br /> Forni 88�(Producers) (NEBR.ASKA)
<br /> 21282—The Augustine Co., County Buppliea, Grand Island, Nebr.
<br /> �pM THE STATE OF NEBRASKA
<br /> ss.
<br /> J�hn Reynolcis,Jr ain�Te Hall County,
<br /> I Iiereby certify that tTiis instrument was entered on Numerical Index, and filed
<br /> for record this 27 day of January ig 4`� ,
<br /> TO at � o'clocl p.M. �
<br /> ���� 'c-�-P'Y'� Register of Deeds.
<br /> Deputy.
<br /> L.R.�iT'$�1F.LtI1 °� ', Fees. $ � ;35
<br /> Commence
<br /> AGREEMENT, Made and entered into this 2�}� day of December . i9��. , by and betu�een
<br /> John RPynold� Jr.a sin�;l.e man, Woodr�.ver PJebraska, R.R.# I
<br /> P�ty o f the f irst part,hereinaf ter called Iessor(whether one or more)and
<br /> Z,.R.Graham, aP box 5U2 EPfir��;ham ZI.1 . Part of the second part, Tiereina(ter called lessee,
<br /> WITNESSETH, That the saicl lessor, for anc�in consic�eration of One DOLLARS,
<br /> casTi in hand paid, receipt of wl�ich. is hereby acknowledged, and of the covenants ancl agreements hereinafter contained on the part of lessee to be paid, Tzept, antl per-
<br /> f ormed, h.as granted, demised, leased and Iet and by tTiese presents does grant, demise,lease and let unto said lessee,f or the sole and only purpose of mining and operating
<br /> for oil and gas, and laying pipe lines, ancl building tanks, power stations and structures t�ereon to produce,save and take care of said products,aII tTiat certain tract of land
<br /> situated in the County of HA�-I- State of NEBRASKA described� follows, to-wit: �
<br /> The West HaIP (W�) oP the Narth West Quaretr (N W�) in 5ection �+ T.9 N.R.I2 1�.And South Half �
<br /> ( 5�) oY North Ea�t G�uaretr (NE4) in Section J2 T.?0 N.R.12 ��. �
<br /> �
<br /> �
<br /> of Section 4-32 7'ownship 9 cQL �.� Range �.2 �. and containing ],6� acres, more or less. \
<br /> lt is agreed that this lease shall remain in f ull f orce f or a term o f �.� years f rom this date, and as long thereaf ter as oil or gas, or ��j
<br /> either of them, is produced from said land by the Iessee. �
<br /> In consid'eration of tTie premises the said lessee covenants and agrees:
<br /> ist. To deliver to the credit of Iessor, free of cost, in tTie pipe line to which he may connect T�is wells, the equal one-eighth (�/a� part of aIl oiI produced and saved �
<br /> f rom the leased premises. 0
<br /> a,nd. To pay Iessor for gas from eacl�well where gas only is found the equal one-eigTitli (%s) of the gross proceecls at the prevailing market rate, for aIl gas used off
<br /> the premises, said payments to be made b2onthly �
<br /> and'lessor to have gas f ree o f cost f rom any suc� well f or all stoves and aIl inside lights in the principal dwelling house on said land cluring the same time by making his
<br /> own connections witli the well at his own rislz ancl expense.
<br /> grd. To pay Iessor for gas produced from any oil u�ell and used of f the premises or in the manufacture of gasoline or any otTier procluct a royalty of one-eighth �
<br /> (lis) of tlte market value, at the mouth of the well, payable monthly at tl�e prevailing marizet price. �
<br /> If no well be commenced on said land on or before t{►e 2�' day of Deeember . 19 �+2 , this lease sTiall �
<br /> terminate as to both parties, unless the Iessee on or before that date s/�all pay or tender to the lessor,or to the lessor's credit in The First State
<br /> Bank at Shelton tJebraska or its successors, whic6 ShaII continue
<br /> as the clepository regardless of changes in the ownership of said Iand, the sum of ���.n� DOLLARS,
<br /> which shall operate as a rental and cover the privilege of def erring tl�e commencement of a well f or Z� montlu `rom said clate. In lilte manner ant�
<br /> upon like payments or tenders the commencement of a well may be further deferred for liTze periods of the same number of months successively. All such payments or
<br /> tenders of rentals may be macle by checlz or draft of lessee or any assignee thereof, mailed or delivered on or before tl�e rental paying date,eith.er 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 Iessee's option of extencling t�at period as aforesaid, and an,y and all other rights conferred.
<br /> Should the first 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 Iand within twelve months
<br /> f rom the expiration o f the last rental pertiocl f or whicli rental has been paid, tTiis lease shall terminate as to both parties, unless the lessee on or bef ore tlie expiration o(
<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 the payment of rentals, as above provided, that t�e last prececling paragraph hereof, governing the payment of rentals and the effect t�ereof, shall continue in
<br /> f orce just as thougl� there had been no interruption in the rental payments.
<br /> If said lessor owns a less interest in the above described land than the entire and undivided fee simple estate therein, then the royalties and rentals herein provided
<br /> shall be puicr the lessor only in tlie proportion whieh l�is interest bears to the whole and unclivic�ecl 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 lessor.
<br /> When requested by lessor, lessee shall bury his pipe lines below plow depth.
<br /> No well shall be drilled nearer than 20o feet to tlie house or barn now on said premises, without the written consent of the Iessor.
<br /> l.essee shall pay for cjamages caused by its operation to growing crops on saic� 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 /> 1 f the lessee shall commence to drill a well within the term o f this Iease or any e xtension thereof, the lessee shall have the right to drill sucli well to completion with
<br /> reasonable cliligence ancl c�ispatcli, and if oil or gas, or eitjter of them, be founc�tin paying quantities, this lease sTtall continue and be in force with the lilze effect as if
<br /> such well had been completed within the term of years herein first mentioned.
<br /> If the estate of either party �ereto is assignecl, anct the privilege of assigning in whole or in part is expressly allowed, the eovenants hereof shall extent� to their
<br /> heirs, executors, administrators, successors or assigns, but no change in the owners/iip of the lancl or assignment of rentals or royalties shall be binding on the lessee until
<br /> after the Iessee has been furnished wit� a written transfer or assignment or a 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 described lands ancl the assignee or assignees of such part or parts shall fail or make default in the payment of the proporfionate part of
<br /> the rents due f rom him or them on an acreage basis, such def ault sliall not operate to def eat or af f ect this lease in so f ar as it covers a part or parts o f said lands upon
<br /> which the said lessee or any assignee thereof shall malze clue payments of said rentals. If the Ieased premises are now or Iiereafter owned in severalty or in separate tracts,�
<br /> the premises, nevertTieless, may be deneloped and operated as an entirety, and the royalties shall be paid to each separate owner in tlie proportion that the acreage ownecl
<br /> by him bears to the entire, leased area. There s�all be no obligation on the part of the lessee to o{fset wells on separate tracts into which the land covered by this Iease
<br /> may hereafter be divided by sale, devise, or otlxerwise, or to furnish separate measuring or receiving tanks for the oiI produced from such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the title to tTie lands I�erefn describecl, and agrees that the Iessee shall have th,e rigTit at any time to redeem for lessor by
<br /> payment, any mortgages, taxes or other liens on the above described lands, in the event o f cle f ault o f payment by Iessor, and be subrogated to the rights o f the ftolder
<br /> thereo{.
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<br /> Signed, sealed and delivered in presence o{ ---------------------------------------�---�--._...--------------�------------�------------------...._._...._.............._..---...(SEAL)
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