|
OIL AND GAS LEASE � � �
<br /> Containing tqoo Printed Words
<br /> Producers se Spe��al F.L.B. �-42
<br /> tii887—The Augustine Co., County 8upplies, Grand Island, Nebr..
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> William Stoeger and ��rife, H,�11 C°unfy,
<br /> 1 hereby certif y tliat tliis instrument was entered on Numerical Index, and f iled
<br /> TO for record this ��j day of Marc� 19 42 •
<br /> at 3 o°�to�k p. M. ���
<br /> A T Register o�.
<br /> J. . Ro.�land
<br /> ,�'1 Deputy.
<br /> � Fees, �a 2. �0
<br /> AGRE$MENT, Made and entered into t�e �7th day of Janua.ry , 1g �2
<br /> by ant� between tidi? 1.ia.m Stoe<;er anc� I�Iary Stoeger, riis wife,
<br /> of C�.�T'O� Nebra.ska hereinafter called lessor (wliether one or more), and
<br /> cr.A. Rp�rJI.��-ri C�� — — — — — — — — — — — — — — — — — — — — — — -- — — — — — — hereinaf ter called lessee:
<br /> WITNESSETH: That the said lessor, for and in consideration of One & No/100 - - - - - - - - - - - - - - Doilars,
<br /> cash in hand paid, the receipt of w�ic�. is hereby aclznowleclgecl, and of the covenants and agreements hereinafter contained on part of lessee to be paicl, Izept and per-
<br /> f ormed, has granted, demised, leased and let and by tliese presents does grant, c�emise, lease and let unto tlie said lessee f or the sole and only purpose of exploring by
<br /> geophysical and other methocls,mining ancl operating for oil anc�gas and of laying of pipe lines, and of building tanks,powers,stations and structures tltereon to produce,save
<br /> and take care of said products, all that certain trnct of land situate in the County of Hall State of Nebraska described
<br /> as follows, to-wit:
<br /> The South Ea�t Quarter a.nd tr�e t�Test Half (�E� & W-�) �
<br /> � '
<br /> of Section 7 Townsl�ip 12 N Range 1.2 W and containing 4�� acres, more or less. It is agreed tliat this lease shall remain in force �
<br /> f or a term of t e n years f rom this date, and as Iong tlierea f ter as oil or gas or either o f them is produced f rom said land by lessee.
<br /> In consicleration of the premises the said lessee covenants and agrees:
<br /> ist. To deliver to the credit of lessor, free of cost, in the pipe Iine to wl�ich Iessee may connect wells on said land, the equal one-eighth part of all oil produced and
<br /> saved f rom the leased premises. �
<br /> 2nd. To pay lessor one-eight� (1/s� o f t�e gross proceeds eac� year, payable q uarterly, f or t�ie gas f rom each well where gas only is f ounc�, while the same is being
<br /> used off the premises, and if used in the manufacture of gasoline a roynity of one-eigl�tl� (1/s), payable monthly at the prevailing marizet rate for gas; and lessor to �ave �
<br /> gas free of cost from any such well for aII stoues anc�aII insicle Iights in tl�e principal dwelling on said land during the same time, by making Iessor's own connections with
<br /> the well at lessor's own risk ancl expense.
<br /> grd. To pay lessor for gas produced from any oil well and used off the premises or in the manufacture of gasoline or any other product a royalty of one-eigl�th �
<br /> (1/s) of the proceed's, at the mouth o f the well, payable monthly at the prevailing marFzet rate. �j
<br /> If no well be commenced on said land on or before the 27th clay of eT�27Uc`�T'3T t9 �3 , this lease shall terminate `�
<br /> ns to botli parties, unless the Iessee shall on or beFore tliat date pay or tender to the Iessor or to the lessor's credit in the ,,gta,te Bank Of' Cairo,
<br /> Bnnk at C�iro, NP,b7'�.S�i.c'�. , or its successors, whicl� shall continue as the depository regardless of changes in the ownersl�ip of said land, the sum
<br /> of N1I1Ety S�X & P10�lOO — — — — — — — — — — — — dollars, which shall operate as a rental and cover tlie prii�ilege of defening the
<br /> commencement of a well for ttn�P,1.V E months from said date. In like manner and upon lilze payments or tenc�ers, the commencement of a well may be further
<br /> cleferred for like periods of the same number of months successively. And it is understood ancl agreed that the consideration first recited herein, the down payment, covers
<br /> not only tTie privilege grantecl to the dnte when said first rentnl is payable as aforesaid, but also the lessee's option of extending tliat period as aforesaid, and any ancl aIl
<br /> other rights conferred.
<br /> Should tTie f irst well drilled on the above deseribed land be a dry hole, then, anc�in that event,if a second well is not commeneecl on said lanct within twelve months
<br /> from the expiration of the Iast rental period for which rental hns been paid, this lease shall terminate as to both parties, unless the lessee on or before the expiration of
<br /> said twelue 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 resumption
<br /> of the payment of rentals as above proviclec�, thttt f�ie Iast prececling paragraplt hereoF governing the pnyment of rentals ant� the ef�ect thereof, shall continue in force ju9t
<br /> as tFiough tTiere had been no interuption in the rental payments, and if tlie lessee sliall commence to drill a well within tlie term of this lease or any extension thereof, tTie
<br /> lessee shalr have the right to drill such well to completion with reasonable diligence and dispatch, and if oil or gas, or eitlier of them, be found in paying quantities, this
<br /> lease shall continue and be in force with the like ef fect as if sucT� well had been completed within the term of years first mentioned.
<br /> If said lessor owns a Iess interest in the above described land than the entire and undivided fee simple estate therein, then the roynities and rentals I�erein provided
<br /> for shall be paid the saicl lessor only in the proportion whieh lessor's interest bears to t�ie whole anc�uncliviclecl fee.
<br /> Lessee shall have the right to use, free of cost, gas, oil nnd water produced on saicl Iancl for �essee's operations thereon, except water from the wells of lessor.
<br /> tiV�en requested by lessor, lessee shall bury Iessee�s pipe lines below plow depth.
<br /> lvo well shall be clrillecl nearer than zoo feet to the liouse or barn now on said premises without written consent of lessor.
<br /> Lessee shall pay for clamages causecl by lessee's operations to growing erops on saic� lanc�.
<br /> Lessee shall haae the right at any time to remove all machinery and fixtures placed on said premises, including tlie riglit to dra.w and remoue casing.
<br /> If the estate of either party hereto is assignec�---ancl the privilege of assigning in whole or in part is expressly allowecl�--tlie covenants hereof s�ial� extencl to their
<br /> heirs, executors, administrators,successors or assigns, but no change in the ownership o f the land, or assignments of rental or royalties sl�all be binding on the lessee until
<br /> after the lessee has been furnished with a written transfer or assignment or a true copy thereof; and it is hereby agreed that in the event this lease shall be assigned as to
<br /> a part or as to parts of tlie above described lands and the assignee or assignees of such part or parts shall fail or make default in the payment of tT�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 saic�Ianrls upon wltic� the said lessee or
<br /> any assignee thereof shall make clue payment of said rental. In case Iessee assigns this lense, in whole or in part, lessee shall be relieved of all obligations with respect to
<br /> the assignecl portion or portions arising subsequent to the date of assignment.
<br /> AIl express or implied covenants of this lease shall be subject to all Federal and State Laws, �xecutive Orders, Ru�es or Regulations, and this lease shall not be
<br /> terminatecl, in wliole or in part, nor lessee helcl liable in c�amages, for failure to comply therewith, if compliance is preventec� by, or if sucli failure is tlie result of, nny
<br /> sucTi Law, �rc�er, Rule or Regulation.
<br /> Lessor hereby warrants and agrees to c�efencl the title to t�e lands herein cleseribec�, anc� agrees that tlie lessee shall haue the right at any time to recleem for lessor,
<br /> by paqment, an�t mortgages, taxes or other liens on the above described lane�s, in the event of default of payment by Iessor, nnd be subrograted to the rights of tFte Iiolcler
<br /> thereof, ancl the undersignecl lessors, for t�iemselues ancl their heirs, successors, anc�assigns, hereby surrencler anc� release all right of clower ancl homesteac� in t�ie premises
<br /> described herein, insofar as said right of dower c�nd I�omestend mny in nny way nf f ect the purposes for whicli tliis lease is made,as recited herein.
<br /> IN TESTIMONY WHEREOF WE SIGN, Th�s the 27th day oj January , �q �2 .
<br /> WLtTL8S3CS: """'_"___"""""""""""""_"""_""___"""""'_YY.��-�,L`G�'XA"'�J'L'G.�C�-.rg cpiT�""'_"'_"."__.'.'_
<br /> -----------------------------------------------�-----�----------------------------�----------------....----------------------------�--- -�--------------------------------------------------------------------M--�ry---S t_r�eger-----------.._.... -----�--
<br /> ------------�------------------------------------------�--------------------------------------------�------....---------�--------�-�--- --�--------�------�------------�-------------------------------------------�---�------......------------------------�-----------�----�-
<br />
|