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<br /> (� OG`'�
<br /> OIL AND GAS LEASE
<br /> Containing iqoo Printed Words
<br /> Producers 88 Special F.L.B. t-qa,
<br /> ti1887—The Auguatine Co., County Supplies, Grand Island, Nebr..
<br /> �0�� THE STATE OF NEBRASKA
<br /> ss.
<br /> �I.lIiRII1 Stolley & vvP H€tll County,
<br /> 1 hereby certif y tliat this instrument was entered on Numerical Index, and f iled
<br /> TO for record this �j day of March `�.�}q�2 ,
<br /> at 3 o��ao�k P. �. ���r-��
<br /> J.s�.Rov�I r�n d Register o f Deeds.
<br /> �� I�eputy.
<br /> Fees> $ �.2�
<br /> AGREEMENT, Made and entered into the 2�t� i�ay of �anuary , tg�`�
<br /> by and between �illiam Stolley �.nd OZlve Stalley,his cvlfe
<br /> .
<br /> o� Cairo,Nebraska hereinafter called lessor (whether one or more), and J.A.Roa�land
<br /> hereinafter called lessee:
<br /> WITNESS$TH: That tlie saicl lessor,for and in consideration of One 8C NU��.��i — — — — — — — — — — — — — — — — — Dollars,
<br /> cnsh in Fiancl paid, the receipt of which is hereby acknowledyed, and of the.covenants and agreements hereinafter contained on part of Iessee to be paid, Izept and per-
<br /> formed, has granted, demised, leased and let and by these presents does grant, demise, lease and let unto the said lessee for the sole and only purpose of exploring by
<br /> geophysical and other metliods,mining and operating f or oil and gas and of laying of pipe lines, and o f building tanks,powers,stations and structures thereon to produce,save
<br /> and take care of said products, alI that certain trnct of land situate in tlie County of HaI-� State of Nebraska described
<br /> as follows, to-wit:
<br /> The Sotith IfJest G�uarter ( S4'J�)
<br /> �
<br /> � .
<br /> of Section �3 Toa�nship ].� N, Range Z� ��. and containing ],6� acres, more or�ess. It is agreed that this lease shall remain in f orce �
<br /> f or a term o f 2`e�Z years f rom this date, and as long tlierea f ter as oil or gas or either o f them is produced f rom said land by lessee.
<br /> In consideration of the premises the said Iessee covenants and agrees:
<br /> ist. To deliver to tF�e credit of lessor, free of cost, in t�e pipe line to which �essee may connect wells on said land, t1�e equal one-eighth part of alI oil produced and �
<br /> saved from t�e leased premises. �
<br /> 2nd. To pay Iessor one-eighth (1/a) of the gross proceeds eacTi year. payable quarterly, for the gas from each well wliere gas only is found, while the same is beiny �
<br /> usecl of f tTie premises, and if usecl in the manufacture of gasoline a royalty of one-eighth (y/s), payable monthly at the prevailing market rnte for gas; and lessor to have
<br /> gns free of cost from any sucl�well for all stoues and all inside lights in the principal dwelling on said land during the same time, by making lessor's own connections with
<br /> the well at �essor's own risk and expense. �
<br /> 3rd. To pay lessor f or gas proclucecl f rom any oil well and used o f f the premises or in the mnnu f acture of gasoline or any other product a royalty o f one-eighth �
<br /> ��e� of the proceet�s, at the mouth of the well, payable monthly at f�ie prevailing market rate. �
<br /> If no well be commenced on said lnnd on or before the �9tr1� day of January tg �.3 , t�is Iease shall terminate
<br /> as to botli parties, unless the lessee shall on or before tltat date pay or tender to the lessor or to tlie lessor's credit in the S�AtB Bank OP Ca.iro
<br /> BnnTz at �airo,?�lebraska > or its successors, w�ich shall continue as the depository regardless of changes in the ownership of said land, the sum
<br /> of Thirty Tv�o Ft r10��..0� — — — — — — — — — — — — — �ollars, which shall operate as a rental and couer the privilege of deferring the
<br /> commencement of a well for ti�relve months from said date. In lilze manner and upon like payments or tenders, tlie commencement of a well may be further
<br /> deferred for Ii1ze perioc�s of the same number of months successively. And it is understooc� and agreed that the consideration jirst recited herein, the down payment, covers
<br /> not only the privilege grnntecl to the clate when saicl first rental is payable as aforesaicl, but also the lessee's option of extencling tTiat periocl as aforesaicl, antl any antl all
<br /> other riglits con f erred.
<br /> Should the first well drilled on the above cIescribecl Iand be a dry hole, then, and in tTiat event, if a second well is not commenced on said land within twelve months
<br /> from the expiration of the last rentnl periocl for wliich rental Iias been paict, this lease s�iall terminate as to both parties, unless the lessee 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 agreecl tliat upon tlie resumption
<br /> of tTie payment of rentals ns above provided, that the Iast precec�ing paragrapTi hereof governing the payment of rentals and the effect thereof, shall continue in foree just
<br /> as thougli there had been no interuption in the rental payments, and if the lessee shall commence to drill n well within the term of tl�is lease or any extension tliereof, the
<br /> lessee shall have the right to drill sucli well to com,pletion with reasonable diligence and dispatch, and if oil or gas, or either of them, be found in paying quantities, this
<br /> lense shall continue and be in force with the Iike ef fect as if such well Fiad been completed within the term of years first mentioned.
<br /> If saic� lessor owns a less interest in tlie above describecl lanc� than t�ie entire ancl unc�ivided fee simple estate therein, then tjte royalties anct rentals Iierein provic�ecl
<br /> for shall be paid the said lessor only in the proportion which lessor's interest bears to the whole and undivicled fee.
<br /> Lessee shall have the right to use, free of cost; gas, oil anc� water proc�uced on saicl land for lessee's operations thereon, except water from the wells of lessor.
<br /> WTien requested by Iessor, lessee s�iall bury Iessee's pipe Iines below plow depth.
<br /> 1Vo well shall be clrillecl nearer than 20o feet to the house or barn now on saic�premises without iuritten eonsent of�essor.
<br /> I.essee shall pay for damages causec� by lessee�s operations to growing crops on said land.
<br /> " Lessee s�iall have t�e right at any time to remove all machinery anc�fixtures p�acec�on saic�premises, incluc�ing the right to clraw ancl remove casing.
<br /> If the estate of either party hereto is assigned.-nnd the privilege of assigning in whole or in part is expressly allowedr-the covenants hereof shall extend to tl�eir
<br /> heirs, executors, administrators,successors or assigns, but no cAange in tlie ownersliip o f the land, or assignments of rental or royalties shall be binding on the lessee until
<br /> after the lessee has been furnis�iecl with a written transFer or assignment or a true copy thereof; ancr it is hereby agreecl that in the event this Iease shall be assignecl as to
<br /> a part or as to parts of the above described lands and tlie assignee or assignees of such part or parts shall fail or malze default in the payment of tl�e proportionate part of
<br /> the rents due from him or them, such default shall not operate to defeat or af fect this lease in so far as it covers a part or parts of said lands upon which the said lessee or
<br /> any assignee thereof shall malze due payment of said rental. In case Iessee assigns this rease, in whole or in part, lessee shall be relieved of all obligations with respect to
<br /> the assignet� portion or portions arising subsequent to the clate of assignment.
<br /> f�ll express or impliecl eovenants of this lease shall be subjeet to aII Fec�eral anc� State Laws> �xeeutive Orclers, Rules or Regulations, anal tlLis lease shall not be
<br /> terminated, in whole or in part, nor lessee held liable in damages, for failure to comply therewith, if compliance is preoented by, or if sucl� failure is the result of, any
<br /> sach Law, Order, Rule or Regulation.
<br /> Lessor hereby warrants ancl agrees to c�efenc� the title to the lands herein �eseribed, anc� agrees that the lessee shall have the right at any time to redeem for lessor,
<br /> by �aqment, any mortgages> taxes or other liens on the above described lands, in the event of clefault of payment by Iessor, and be subrograted to tlie rights of the holder
<br /> thereof, and the undersignec� lessors, for themselves and their heirs, successors, nnd nssigns, hereby surrender and release all right of dower and homestead in tlie premises
<br /> described herein, insofnr as snid riyht of clower nnd Iiomesteacl may in any way nf f ect the purposes for whicli this Iense is made, as recited herein.
<br /> IN TESTIMONY WHEREOF WE SIGN, This the �9th day of eTAriU&T'y , lq 42 ,
<br /> Witnesses: -------------------------------------------------------------W11118tt[1 5t,011=e-y-----------�---- ------ �
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