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OIL AND GA LEASE �� �
<br /> S
<br /> Containing iqoo Printed Words
<br /> Producers 88 Special F.L.B. i-q2
<br />� 21897—The Augustine Co., County 3uppliea, Grand Island, Nebr..
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Louis Preisendorf sin;lE Ha1.1 County,
<br /> 1 hereby certif y tTiat this instrument was entered on Numerical Index, and f iled
<br /> � TO f or record this �4 day of Mar ch 19 �2,
<br /> at 1' o'clock P• M. �,�;c%G���'
<br /> �T.A,Rowl�nd Re9ister of Dee s.
<br /> �� Deputy.
<br /> Fees, S �• ��
<br /> AGREEMENT, Made and entered into the 2�'th day of M�r ch , ig �c`�
<br /> by and between I+OU�S Preisendorf' a Slriol2 Iri�3ri
<br /> of Grand ISlc'�-17C1� Nebraska hereinafter called lessor (whether one or more), and
<br /> J,A, Rotaland, hereinafter called lessee:
<br /> WITN$SSBTH: That the said lessor,for and in consideration of �I1P �C "N��].�� — — — — — — — — — — — — — — — — — — Dollars,
<br /> cash in hancl paic�, the receipt of w�iich is hereby acknowleclgec�> ancl of the covenants anc� agreements {tereinafter containecl on part of lessee to be paid, kept anc� per-
<br /> formed, lias granted, demrsed, leased and let and by t�ese presents does grant, demise, Iease and let unto the said lessee for the sole and only purpose of exploring by
<br /> geop�ysical and other methods,mining anc�operating for oil anc�gas and of laying of pipe lines,and of butiding tanks,powers,stations and structures thereon to proc�uce,save
<br /> and talze care of said proclucts, aIl t�at certain trnct of land situate in the County of H�11 State of Nebraska described
<br /> as follows, to-wit: �
<br /> All tnat t���rt of Section Fourteen �14) lying north of the C.B. & Q.R.R.
<br /> � '
<br /> �
<br /> of Section �-�' Tou+nsliip �-� �• Range �-� W• and containing 265 acres, more or less. It is agreed that this lease sl�all remain in force
<br /> for a term of t en years from this date, and as Tong thereafter as oil or gas or eitlier of them is produced from said land by lessee.
<br /> In consideration of the premises the said lessee covenants and agrees: �
<br /> tst. To deliver to the credit of lessor, free of cost, in tl�e pipe line to wl�icl�lessee may connect wells on said land, the equal one-eighth part of all oil produced and
<br /> suved f rom the leased premises. . �
<br /> 2nc�. To pay Iessor one-eiglitli �1/s) o f the s�ross proceecls eacli year, payable q uarterly, f or the gas f rom each well wliere gas only is f ound, while tlte same is being
<br /> useel off the premises, and if used in tlie manufacture of gasoline a royalty of one-eighth (i/s), payable montl�ly at the prevailing market rate for gas; and lessor to �ave
<br /> gas free of cost from any such well for aII stoues anc�aIZ inside Iigl�ts in the principal c�welling on said land during the same time, by making lessor's own connections with
<br /> the well at lessor's own risk anc� expense. �
<br /> �
<br /> grd. To pay lessor for gas produced from any oil well and used off the premises or in the manufncture of gasoline or any other product a royalty of one-eighth �
<br /> (1/s) of the proceeds, at the mouth of the well, payable monthly at the prevailing market rate.
<br /> 1 f no well be commenced on said land on or bef ore tlie 2�.�t h day o f Mar eh ig �?j , this lease shall terminate
<br /> as to both parties> unless the Iessee shall on or before that clate pny or tender to the lessor or to tl�e lessor's credit in the $1;atQ Bank Of' Cairo,
<br /> Ban� at Ca�.T'O� Nebraska , or its successors, w�ich shall continue as the depository regardless of changes in the ownership o(said land, tTie sum
<br /> a f F i f t y Tnr e e & N O I 1 OO — — — — — — — — — dollars, which shall operate as a rental and cover the privilege o f def erring the
<br /> commencement of a well for twelve months from said dafe. In like manner and upon lilze payments or tenders, 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 tliat tlie consideration first recited h.erein, the down payment, covers
<br /> not only the privilege granted to the date wlien said first rental is payable ns aforesaid, but also the lessee's option of extending that period as aforesaid, and any and all
<br /> other rights con f erred.
<br /> Should the first well drilled on tlie above cleseribecl Iancl be a clry Itole, then, ancl in that event, if a second well is not commeneed on said land within twelve months
<br /> from the expiration of t�ie last rental perioc� for wliicli rental has been pnicl, this lease shall terminate ns to both parties, unless the lessee on or before t�ie expiration of
<br /> saic� twelve montlis sliall resume t�e payment of rentals, in the same amount ancl in tlie same manner as hereinbefore provided. And it is agreed that upon t�ie resumption
<br /> of the payment of rentals ns above provic�ec�, that the last precec�ing paragraph hereof governing the payment of rentals anc� the effect t�iereof, shall continue in force just
<br /> as thougTi there had been no interuption in the rental payments, and if the lessee shall commence to drill a well within the term of tl�is lease or any extension thereof, the
<br /> lessee shall have the right to drill such well to completion with reasonable diligence ancl dispatch, and if oil or gas, or either o( tliem, be found in paying quantities, this
<br /> lease shall continue ancl be in force with the lilze ef fect as if such well Iiacl been completecl witTiin the term of years first mentionecl.
<br /> If said lessor owns a less interest in the above clescribec�Iand tl�an tlie entire and un0.LULded fee simple estate therein, tl�en the royalties and rentals herein provided
<br /> f or s�iall be paicl tlie saic� lessor only in the proportion which lessor s interest benrs to tlie whole an�I unc�iviclecl f ee.
<br /> Lessee shall have the riglit to use, free of cost, gas, oil and water produced on snid land for lessee's operations tliereon, except wuter from the wells of lessor.
<br /> W�ien requested by lessor, lessee shall bury lessee's pipe lines below plow depth.
<br /> lVo well shall be c�rillec� nearer than �,00 feet to the house or barn now on saicl premises without written consent of lessor.
<br /> Lessee sjtall pay for c�amages causecl by lessee�s operations to growing crops on saicl lancl.
<br /> Lessee shall �iave the right at any time to remove all mac�inery and fixtures placed on said premises, including the right to draw and remove casing.
<br /> If the estate of eitlier party hereto is assignecl�and the privilege of assigning in whole or in part is expressly allowecTr-the covenants �ereof shall extenc� to their
<br /> heirs, executors, ac�ministrators,successors or assigns, but no change in the ownership o f tlie Iancl, or assignments of rental or royalties shall be binding on the lessee until
<br /> af ter the lessee Tias been f urnished witl� a written trans f er or assignment or n true co py thereo f; ancl it is Iiereby agreed that in the event this lease shall be assigned as to
<br /> a part or as to parts of tTie above described lands and tlie assignee or assignees of such part or parts shall fail or malze default in the payment of the proportionate part of
<br /> the rents due f rom him or tl�em, such def ault shall not operate to de f eat or a{f ect this lease in so f ar as it covers a part or parts o f said Iands upon which the said Iessee or
<br /> any assignee thereof shall make due payment of said rental. In case lessee assigns this lease, in whole or in part, lessee shnll be relieved of all obligations with respect to
<br /> the assignec� portion or portions arising subsequent to the date of assignment.
<br /> All express or impliec� covenants of this lease shall be subjeet to all Fecleral anc� State Laws, Executive Orc�ers> Rules or Regulations, ancl this lease sliall not be
<br /> terminated, in wliole or in part, nor lessee held Iiable in damages, for fnilure to comply therewith, if compliance is prevented by, or if such failure is the result of, any
<br /> such Law, �rc�er, Rule or Regulation.
<br /> Lessor hereby warrants and agrees to defend the title to tl�e lands herein described, and agrees that the lessee sliall l�ave tl�e right at any time to redeem for lessor,
<br /> by paqment, any mortgages, taxes or other Ziens on the above c�escribed Iancls, in the event of c�efault of payment by lessor, and be subrograted to the riglits of tlie holcler
<br /> thereof, and the undersigned lessors, for themselves and their heirs, successors, and assigns, hereby surrender and release nll ric�ht of dower and homestead in the premises
<br /> cTeseribet� herein, insof ar as saic� rigjtt of c�ower ancl homestenc� may in any way af f ect the purposes f or which this Iease is mncle,as reeitecl�ierein.
<br /> IN TESTIMONY WHEREOF WE SIGN, Th�s ahe 24th dQy of M�rch , 19 �2 ,
<br /> I Witnesses: ZM1l'1119.aTri Stoeger ------------�----------------------------------LQUi-�---Px'.�_�..��:nds�.�^P.---------------------- --�--�-
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