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OIL AND GAS LEASE � � �
<br /> Containing' iqoo Printed Words
<br /> Producers 88 Special F.L.B. i-42
<br /> 21697—The Augustine Co., County Supplies, Grand Island, Nebr,.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Cora A.VTa�tP,widov� Hal.l Counay,
<br /> I hereby certif y t�at this instrument was entered on Numerical Index, and f iled
<br /> ,I,O for recorcl this �5 c�ay of March ^ 19 �2 •
<br /> at 1.� o'clock A.M. �_���-G<�G'��rtiC V��J
<br /> eT.�.ROW�.A.ri�, Register o�
<br /> � Deputy.
<br /> Fees, $ 2.FJ 5
<br /> AGREEMENT, Made and entered into the ?�t',}l, day of January , tq �2
<br /> by ancl between C ort� A.��,j.t P.�f�, 9�1�C�OV'!
<br /> . .
<br /> of Caira,PJebraska hereinafter called lessor (whether one or more), and J.A.Ro�aland
<br /> liereinafter called lessee:
<br /> WITNESSETH: That the said Iessor, f or and in consideration o f On e & N O�I.O U — — — — — — — — — — — — — — — — — — Dollars,
<br /> cash in hancl paid, the receipt of which is hereby acknowledged, and of the covenants and agreements Iiereinafter 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 Iet unto the said lessee for the sole and only purpose of ezploring by
<br /> geophysical ancl other methods,mining nnd operating for oil and gas ancl of laying of pipe Iines,and of building tanlzs,powers,stations and structures thereon to procluce,save
<br /> and take care of said products, all that certain tract of land situate in the County of Hal3. State of Nebra�ka described
<br /> as follows, to-wit:
<br /> The South �lest �t�ar�er oP tYie NortYi Ea9t �u�.rter oP Section Twenty Four ( 24) , the rlorth East �
<br /> �u�.rter af Sectian Twenty "_'hree ( 23) ,a]_1 oP zhe •gouth East Quarter vP Sectlon Ten (IO) l.ying
<br /> . rJorth oP tYie C.H.& C�.R.R,ar�d A1.1 tr��.t part of the Plorth East RuRrter of Sect ion FiPteen (15}
<br /> Iying north oP the C.B.�c �Z.R.R.
<br /> � ' .
<br /> o Section8 2��2j��Tou nsh.i 5 1,2 I1j. Ran e ],2 }�j�, g 3 g f �
<br /> f p g and containin 60 acres, moFe or less. It is a reed that tl�is lease shall remain in orce
<br /> for a term of t@21 years from this date, and as long thereajter as oil or gas or eitlier of them is produced from said land by lessee.
<br /> In consicleration oj the premises the said lessee covenants and agrees:
<br /> ist. To c�eliver to the creclit of lessor, free of cost, in t�ie pipe line to which �essee may conneet wells on saic� Iancl, the equal one-eighth part of aII oiI proclucecl ancl �1
<br /> snved f rom the leased premises. - �
<br /> 2nd. To pay lessor one-eighth (1/s) of the gross proceeds each year, payable quarterly, for the gas from eacl� well where gns only is found, wl�ile the same is being
<br /> used off the premises, and if used in the manufacture of gasoline a royalty of one-eighth (1/s), payable monthly at the prevailing mnrket rate for gas; and lessor to Tiave
<br /> gas f ree o f cost f rom any such well f or all stoues and all inside lights in the principal c�welling on said land durinc� the same time, by making lessor's own connections with
<br /> the well at lessor's own risk and expense. �
<br />, grc�. 7'o pay lessor for gas proc�ucec� from any oil well anc� usecl off the premises or in the manufneture of gasoline or any other procluct a royalty of one-eig�tth �
<br /> (Y/a� of t�e proceec�s, at the mouth of the well, pnyable monthly at tl�e prevailing mnrizet rate.
<br /> I f no well be commenced on said land on or be f ore the 2�5`t'itl daY of J anuary t g �.}3 , this lease shall terminate
<br /> as to both parties, unless tlie lessee shall on or before that c�ate pay or tencler to the lessor or to the lessor's creclit in tlie 5"�atg $an)r O� (�`aj_r0
<br /> BanTz at Cairo,Plebraska , or its successors, which shnll continue as the clepository regardless of changes in the ownership of said land, the sum
<br /> of Seventy Two �'t NO�1.�� — — — — — — — — — — — — — dollars, wliicli shall opernte as a rental and cover the pric�ilege of deferring t�e
<br /> commencement of a well f or tW P,I V P. montlis f rom saicl clate. In Iike manner anc�upon like payments or tenders, tlie commencement of a well mny be f urt{ter
<br /> cle erred or Iike eriods o the same number o months successivel . And it is understooc� and a reed that the consideration irst recited herein tlie down a ment c r
<br /> f f P f f Y 9 I P Y .
<br /> ove s
<br /> ,
<br /> not only the privilege granted to tlie date when snid first rental is payabTe as aforesaid, but also the lessee's option of extending that period as aforesaid, and any and all
<br /> other rights conferret�.
<br /> STioulcl tlie f irst well clri�lecl on tlie nbove clescribe�I Iancl be a clry hole, t�en> nnc�in that event, if a seeoncl well is not commencecl on saicl Iancl wit{tin twelve months
<br /> from the expiration of the last rental perioc� for which rentnl has been paic�> this lense s�iall terminate as to both parties, unless the lessee on or before the expiration of
<br /> saicl twelve montlis shall resume t�e payment of rentals, in tlie same amount ancl in the same manner as hereinbefore provided. And it is agreed thnt upon the resumption
<br /> of the payment of rentals as above provided, that the Iast prececling paragraph hereo f governing the pnyment of rentals anc� t�e ef fect t�iereof, shall continue in force just
<br /> as though there �inc� been no interuption in the rental payments, ancl if the lessee shall commence to clrill a well within tlie term of this lease or any extension thereof> the
<br /> lessee shall have the right to clrill sucli ruell to completion witli reasonable cliligence ancl c�ispatch, and if o�r or gas, or either of them, be founc� in paying quantities, this
<br /> lease shall continue anc� be in force with the li�e ef fect ns if such well hacl been completecl wit�in the term of years first mentionec�.
<br /> If saicl lessor owns a less interest in the nbove cleseribec�Iancl tl�an the entire and uncliviclecl f ee simple estate therein, t�ien the royalties ant�rentals herein proviclec�
<br /> f or shall be paid the snid lessor only in the proportion whicl� Iessor's interest bears t o the whole and undivided f ee.
<br /> Lessee shall have the right to use, free of cost, gas, oil and water produced on said land for lessee's operations thereon, except water from the wells of lessor.
<br /> W�ien requested by lessor, lessee shall hury lessee�s pipe lines below plow c�epth.
<br /> No well shall be drillecl nearer than 20o feet to the l�ouse or barn now on said premises without written consent of lessor.
<br /> Lessee shall pay for clamages causetl by lessee�s operations to growing crops on saic� lnnc�.
<br /> Lessee shall have the right at any time to remove all machinery anc�fixtures placecl on saicl premises, including tlie right to clra.w and remove casing.
<br /> If the estate of either party hereto is assigned�and the privilege of assigning in whole or in part is expressly allowed�--the covenants hereof shall extend to their
<br /> �ieirs, executors, ac�ministrators,successors or assigns, but no change in the 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 with a written transfer or assignment or a true copy thereof; and it is hereby agreed thnt in the event this lease shnll be assigned as to
<br /> a part or as to parts of t�e above c�eseribed lanc�s anc� the assignee or assignees of suc�i part or parts shall fai� or make tlefault in the payment of the proportionate part of
<br /> the rents due from Iiim or them, sucl� default shall not operate to defeat or af fect this lense in so far as it covers a part or parts of said Iands upon which tl�e said lessee or '
<br /> any assignee thereof s�all malze clue payment of saic� rental. In case lessee 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 tlie date of assignment.
<br /> All express or implied covenants of this lease sliall be sublect to aIl Pederal and State Laws, Executive Orders, Rules or ReguTations, and th,is lease shall not be
<br /> terminated, in ruhole or in part, nor lessee held liable in c�amages, for failure to comply therewith, if compliance is prevented by, or if such failure is the result of, any
<br /> such Law, �rcler, Rule or Regulation.
<br /> Lessor hereby warrants and aflrees to defend the title to the lands 1�erein described, and agrees that the Iessee shall lia�e the right at any time to redeem for lessor.
<br /> by payment, an.y mortgages, taxes or other liens on the above described lands, in the event of default of payment by Iessor, and be subrograted to the rights of the holder
<br /> thereof, and t1�e undersigned lessors, for tliemselues and their heirs, successors, and assigns, hereby surrender and release all rigl�t of dower and homestead in the premises
<br /> c�escribecl herein, insofar as snic� ri�ht of c�ower anc� homestenc� may in nny way nf f ect the purposes for whieh this lense is macje>as reeitecZ herein.
<br /> IN TESTIMONY WHEREOF WE SIGN, This the ��th� day of J anuary , ig 4'2 .
<br /> I', Witnesses: ------------------------•------------------•---�----------------��-07'A_.A.,_11V_&1-t�----------------- --------
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