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OIL AND GAS LEASE � �f ��
<br /> Containing iqoo Printed Words
<br /> ProcIucers 88 Special F.L.B. i-q2
<br /> 21.897—The Augustine Co., County 9upplies, Grand Ieland, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> John Quaring and t�ife Hall County,
<br /> I hereby certify t�at this instrument was entered on Numerical Indez, and filed
<br /> TO fo* Te�ord this �3 day of March 1 �2 •
<br /> at 3 :o 0 o°�io�� P.�: ��.�..�r
<br /> cr.�l.?�o�aland Registerof Deeds.
<br /> a
<br /> °�, Deputy.
<br /> Fees, � 2. 3 5
<br /> AGREEMENT, Made and entered` into the 2�tY1 day of January , lg �2
<br /> by and between Jc�hn �uarinb �'�. I1c� EfRIric'�. Quaring� r11S T�J1�2�
<br /> of Cairo, NE'C�z'c�SeLc`� hereinafter called Iessor (whether one or more), and
<br /> cT.A.R�T��l a n d — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — hereina f ter called lessee:
<br /> WITNESSETH; That the said lessor,f or and in consideration of 0 n e & NO/100 - - - - - - - - - - - - - - — — — — Dollars,
<br /> cash in �iand paid, the receipt of whicl� is hereby aclznowledged, and of the covenants and agreements hereinafter contained on part of lessee to be paid, kept and per-
<br /> formec�, has granted, demised, leased and let ancl by these presents does grant, demise, lease and let unto tlie said lessee for the sole and only purpose of exploring by
<br /> geophysical and other methods,mining ancl operating f or oiI and gas and o f laying o f pipe Iines>and o f builcling tanks,powers,stations and structures tliereon to produce,save
<br /> and talze care of said products, aIl that certain tract of Innd situate in the County of Hall State of Nebraska described
<br /> ns follows, to-wit: �
<br /> The South West �,u�rter of tne South East Quarter and trie South East Qua.rter of the South West
<br /> QuartPr, of. Section Fifteen (l�) , and the East Half cf the North West Q,uarter of Section
<br /> Twenty Two (22)
<br /> � '
<br /> 22 �
<br /> of Section� 15 & Tou�nship �-2 N• Range 12 w and containing 16o acres, more or�ess. It is agreed that tl�is lease shall remain in force
<br /> for a term of tE'n years from this c�ate, ancl as long t{tereafter as oil or gas or either of them is produced from saicl Iancl by Iessee.
<br /> In consicleration of the premises the said lessee covenants and agrees: �
<br /> ist. To cleliver to tltie crec�it of lessor, free of cost, in tl�e pipe line to wliicli lessee may connect wells on saic� Iancl, the equal one-eigl�th part of alI oiI proclucecl and
<br /> snved from t�e leased premises. �
<br /> 2nd. To pay lessor one-eighth (i/s) o f the gross proceeds each year, payable q uarterly, f or the gas f rom each well wliere gcu only is f ound, while tlie same is being
<br />, usec� of f t�ie premises, nncl if usecl in the manufacture of gasoline a royalty of one-eigh.th (1/a), payable mont{tly at t�ie preuailing mnrket rttte for gas; ancl lessor to �tave
<br /> gas free of cost from any such welT for all stoi�es and aIl inside Iig�its in tTie principal dwelling on said land cluring the same time, by making lessor's own connections witli �
<br /> the well at lessor's own risk ancl expense. V
<br /> grd. To pay lessor for gas proc�ucec� from any oil well anc� usecl off the premises or in t�ie manufaeture of gasoline or any other proc�uct a roqalty of one-eighth �
<br /> (1/s� of t�e proceec�s, nt the mouth of the well, payable monthly at the prevailing mnrket rate.
<br /> If no well be commenced on snid land on or before the ��th day of January tg 4�j ,:_this Iease shall terminafe
<br /> as to both parties, unless the lessee shnll on or before that date pay or tender to tlie Iessor or to the lessor's credit in the ►5tc�t@ Bank Of' Cairo,
<br /> Bank at Cairo, N PbY'c�61ic'� , or its successors, wTiich shall continue as tl�e depository regardless of changes in the ownership of said land, the sum
<br /> of Thirty TUSO & No/100 - - - - - - - - - - - dollars, which sliall operate as a rental and cover tlie prii�ilege of deferring the
<br /> commencement of a well for t�.aelve months from said date. In like manner and upon like payments or tenders, the commencement of a well may be furtlier
<br /> deferred for like periods of the same number of months successively. And it is understood and agreed that the consideration first recited herein, the c�own payment, covers
<br /> not only t�ie privilege granted to the date when snid first rentnl is payable as aforesaid, but also tl�e lessee's option of extenc�ing tliat periocl as aforesaid, and any and all
<br /> other rights con f errecl.
<br /> Shoulcl the first well clrillecl on the above c�escribecl Iancl be a clry Tiole, then, anc�in that event, if a seeonc�well is not commencecI on said land wit/tin twelve months
<br /> from the expiration of the last rental period for w�ich rental has been paic�, this lease shall terminate as to both parties, unless t�ie lessee on or before t{te expiration of
<br /> said twelue montF�s shaLl resume tTie payment of rentals, in the same amount and in the same manner as hereinbefore provided. And it is agreed that upon the resumption
<br /> of t�ie payment of rentals ns above provic�ed, that the last preceding paragraph hereof governing t�ie payment of rentals ancl t�ie effect t�ereof, shall continue in force just
<br /> as tTiough there h,ad been no interuption in the rental payments, and if tlie lessee sliall commence to drill a well within the term of this lease or any extension thereof, the
<br /> lessee shalr have the right to clrill suc� well to completion with reasonable diligence and cIispatch, ancl if oil or gas, or either of them, be founc� in paying quantities> this
<br /> lease sFtall continue anc� be in force with the lilze ef fect as if such well TiacI been completec�witjtin the term of years first mentionecl.
<br /> If saicl lessor owns a less interest in the above c�escribecl Iancl than the entire nncl unc�ivided fee simple estate t�ierein, then t{te roynities ancl rentals Iierein providec�
<br /> f or shall be paid the said lessor only in the proportion wliicli lessor's interest bears t o t�e w1�ole and unclivided f ee.
<br /> Lessee s1iall have the riglit to use, free of cost, gas, oil and water produced on said lancl for lessee's operations thereon, except water from the wells of lessor.
<br /> Wl�en requested by Iessor, Iessee shall bury lessee's pipe Iines below plow depth.
<br /> No well shall be drilled nearer than 20o feet to the house or barn now on said premises without written consent of lessor.
<br /> I,essee shall pay for clamages causec� by lessee�s operations to growing erops on saicl lanc�.
<br /> Lessee shall have the rigltt at any time to remove all machinery and fixtures placecl on saicl premises, including tlie right to draw anc�remove casing.
<br /> If tlie estate of eitjier party hereto is assignecl.—ancl tTie privilege of assigning in whole or in part is expressly allowed�the eovenants hereof shall extencl to t�ieir
<br /> heirs, executors, ac�ministrators,successors or assigns, but no chnn�e in t�ie ownership o f the Iancl> or assignments of rental or royalties shall be binc�ing on the lessee until
<br /> after the lessee has been furnished wit� a written transfer or assignment or a true copy thereof; and it is hereby agreecl that in the event this Iease shall be assigned as to
<br /> a part or as to parts of the above described lands anc� the assignee or assignees of such part or parts shall fail or ma/ze clefault in the payment oF the proportionafe part of
<br /> the rents c�ue from him or them, such clefault shall not operate to c�efeat or af fect this lease in so far as it eovers a part or parts of saicl Iancls upon wFtieli the saicl Iessee or
<br /> any assignee tliereof sliall maTze c�ae payment of saic� rental. In case lessee assigns this lease, in u�hole or in part, lessee shall be relievecl of all obligations with respect to
<br /> the assignecZ portion or portions nrising subsequent to the c�afe of assignment.
<br /> AII express or implied covenants of this lease shnll be subject to all Federal and State Laws, �xecutive Orders, Rules or Regulations, ancl tliis 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 pre�ented by, or if such failure is the result of, any
<br /> such Law, �rcler, Rule or Regulation.
<br /> Lessor liereby warrants and agrees to defend the title to the lands Tierein clescribec�, nncl agrees tltat tlte Iessee shall have the right at any time to recleem for lessor,
<br /> by payment, an�/mortgages, taxes or other liens on the above clescribecl Iancls, in the event of default of payment by lessor, and be subrograted to the rights of the holc�er
<br /> thereof, and` the unclersignecl Iessors, for themseli�es anc�their heirs, successors, and assigns, hereby surrender anc� release all riglit of clower anc� homestencl in the premises
<br /> described herein, insofar as said right of dower and homestend may in nny way nf f ect the purposes for which this Iease is made,as recited herein.
<br /> IN TESTIMONY WHEREOF WE SIGN, Th�s ahe 2�th day of January , ,9 42 .
<br /> Witnesses: --------------------------------------------•----------------------sT.4.hi1---Q�.�aring
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