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<br /> OIL AND GAS LEASE
<br /> Containing iqoo Printed Words
<br /> Producers 88 Special F.L.B. i-q2
<br />� 21697—The Augustine Co., County SuppHea, Grand Island, Neba
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Charles L.Hodgson, single, Hall County,
<br /> I hereby certif y t�at tl�is instrument was entered on Numerical Index, ancl f iled
<br /> for record this 2$` day of March iq �2
<br /> TO at 11 :00 o'clock A. M. ����G�-Gd.
<br /> J.A. Rowland
<br /> j� Register of Deeds.
<br /> Deputy.
<br /> Fees, $ 2.20
<br /> AGREEMENT, l�'Iade and entered into tlie �7t,h day of March . 19 42
<br /> by and between Charles L+.HpC�gSOri� a single man,
<br /> of Cairo hereinafter callec�lessor �whet�er one or more�, and
<br /> I�, .A.Rowland — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — hereina`ter called lessee:
<br /> WITNESSETH: That the said lessor,for and in consideration of �T'1@ 8C NO�1,�� — — — — — — — — — — — — — — Dollars,
<br /> cash in hand paid, the receipt of w�iich is Tiereby acknowleclged, and of tlie covenants ancl agreements hereinafter contained on part of lessee to be paid, Izept and per-
<br /> formed, has granted, demised, leased and let and by tliese presents does grant, clemise, lease and let unto the said lessee for the sole and only purpose of exploring by
<br /> geophysical ancl other methods,mining nncl operating f or oil and gas and of laying of pipe lines, nnd of building tanks,powers,stations and structures tliereon to produce,save
<br /> and ta/ze care of said products, aIl tliat certain tract of land situate in the County of Hal1 State of Nebraska clescribed �
<br /> as follows, to-wit:
<br /> The South West Qu�.rter (�W�)
<br /> � .
<br /> �
<br /> of Section 2� Towns]iip �.2 �. Range �.2 w. ant� containing 16� acres, more or�ess. It is agreecl tliat t{tis Iease sltall remain in force �
<br /> for a term of r,e1� years from this date, and as long therenfter as oil or gas or eitl�er of tliem is produced from said land by Iessee. �
<br /> In consid'eration of tlie premises the said lessee covenants and agrees:
<br /> ist. To deliver to the credit of lessor, free of cost, in the pipe Iine to whicl� lessee may connect wells on said land, the equal one-eighth part of all oil produced and
<br /> saved f rom tlie Ieased premises.
<br /> �nd. To pay lessor one-eighth (1/s� of fhe ,yross proceeds eac�i year, payable quarferly, for the gas from each well where gas only is founc�, w�iile t�ie same is being �
<br /> v
<br /> used off the premises, and if used in the manufncture of gasoline a royalty of one-eigl�t� (i/a), payable monthly at the prevailing marizet rate for gas; and lessor to 1�ave V
<br /> gas free of cost from any such well for alI stoves and aIl inside Iights in the principal dwelling on said land during the same time, by making lessor's own connections with
<br /> the well at lessor's own risk and expense.
<br /> grd. To pay Iessor for gas produced from any oil well and used of f the premises or in the manufacture oF gasoline or any other product a royalty of one-eighth
<br /> (1/s� of the proceec�s, at the mout�i of the well, payable mont�ly at the prevailing market rate.
<br /> I f no well be commenced on said land on or be f ore the 2 7 th daY o f Mar�.rl 19 43 . this Iease shall terminate
<br /> as to both parties, unless the lessee shall on or bef ore that date pay or tender to tTie le ssor or to tlie lessor's creclit in the S ta t e Bank 0 f' Cai r o,
<br /> Bnnk at L"c'l.�Y'p� Nebraska > or its successors, whic� shall continue as the depository regardless of changes in the ownersTiip of said land, the sum
<br /> of '�hirty Two 8C NO��.�� — — — — — — — — — — — — — c�ollars, wTiich shall operate as a rental and cover the privilege of deferring tlte
<br /> commencement of a well for twelve montlxs from said date. In like manner and upon Iilze payments or tenders, the commencement of a well may be further
<br /> deferred for lilze periods of the same number of montlis successively. Ancl it is unclerstood and agreed that the consideration First recited herein, the down payment, couers
<br /> not only tl�e privilege grantecl to the clate when said f irst rental is payable as af oresaid, but also tlie lessee's option of extencling that perioc� as af oresaid, ancl any ancT all
<br /> other rights con f erred.
<br /> Should the f irst well clrillecl on the above c�escribeol Ianc�be a dry hole, then, ancl in that event, if n seeonc�well is not commeneecl on saic�Iancl within tiuelve months
<br /> from t�e expiration of t�ie last rental perioc� for w�iich rental has been paic�, this lease shall terminate as to both parties, unless the lessee on or before t�ie expiration of
<br /> said twelve months sliall resume the payment of rentals, in the same amount and in the same manner as hereinbefore proviclecl. And it is agreed tl�at upon the resumption
<br /> of the payment of rentals ns above providec�, thnt t�e last preceding paragraph hereof governing fhe payment of rentals ancl the effect thereof, shall continue in force just
<br /> as tTiougFi there hac� been no interuption in t�e rental payments, ancl if the Iessee sAaII commence to clrill a well within the term of t�iis lease or any extension thereof, the
<br /> lessee shall have the rigl�t to clrill such well to completion with reasonable cliligence and dispatch, anc� if oil or gas, or eitlier of tliem, be found in paying quantities, this
<br /> 'k n com 'thin r ear irst mentioned.
<br /> lease shall continue and be in force with the It e ef fect as if suckwell had bee pleted wz the te m of y s f
<br /> If said lessor owns a less interest in the above c�escribed Iand than the entire nnd undivided fee simple estate tlierein, then the royalties and rentals herein providec�
<br /> for shall be paid the said lessor only in the proportion which lessor's interest bears to the wTiole and undivided fee.
<br /> Lessee shall �iave the right to use, free of eost> gas, oil ancl water proclucec� on saic� lanc� for lessee's operations thereon, except water from the wells of lessor.
<br /> When requestec� by lessor, lessee sliall bury lessee's pipe lines below plow deptli.
<br /> No well shall be drilled nearer than 20o feet to tlxe house or barn now on said premises without written consent of lessor.
<br /> Lessee shall pay for damages caused by lessee's operations to growing crops on said lancl.
<br /> Lessee shall have tlie right at any time to remove aIl machinery and f ixtures p laced on said premises, including the right to dra.w and remove casing.
<br /> If tl�e estate of either party Tiereto is assigned�and tlie privilege of assigning in whole or in pnrt is expressly allowed-�the covenants hereof shall extend to th,eir
<br /> heirs,executors,ac�ministrators,successors or assigns, but no change in t�ie ownership o f the Iancl, or assignments of rental or royalties shall be binc�ing on t�e lessee until
<br /> af ter the lessee has been f urnished with a written trans f er or assignment or a true co py thereo f; and it is hereby agreed that in the event this lease shall be assigned as to
<br /> a part or as to parts of the above deseribecl lands and the assignee or assignees of sueli part or parts shall fail or malze c�efault in the payment of the proportionate part of
<br /> the rents due from him or them, such c�efault shall not operate to defeat or af fect this lease in so far as it co�ers a part or parts of said lands upon which tlie said lessee or
<br /> any assignee thereof shall malze due payment of said rental. In case lessee assigns this lease, in whole or in part, lessee shall 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 implied covenants of this Iease shnll be subject to aIl Federal and State Laws, Executive Orders, Rules or Regulations, and this_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 prevented by, or if such failure is the result of, any
<br /> such Law, Order, Rule or Regulation.
<br /> Lessor liereby warrants ancl agrees to c�ef end the title to the Zancls herein deseribecl, nncl agrees that the lessee shall have the right at any time to redeem f or lessor,
<br /> by payment, an� mortgages, taxes or other liens on the above deseribed Iancls, in the event of default of payment by Iessor, nncl be subrogratecl to tlie rights of the holder
<br /> tTiereof, and the undersigned lessors, for tleemselves and their heirs, successors, and assigns, hereby surrender and release all rigl�t of dower and liomestead in the premises
<br /> described herein, insofar as said riglit of dower and �omestead may in any u�ay af f ect the purposes for which this lense is made,as recited herein.
<br /> IN TESTIMONY WHEREOF WE SIGN, This the 2 7 th dQy �f Ma.r ch � 19 42 •
<br /> Witnesses: ..-----•-------------------•---------_CtYic`3.Y'I.EB._.I.�..KO.C�gB_0.21-----------------------------------�-�
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