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<br /> B -� OIL AND GAS LEASE
<br /> Form 88�(Producers) (NEBRASKA)
<br />. 21262—The Augustine Co., County Supplies, Grand Island, Nebr. �
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Paul Gud�nrath & �'+3.' �i�Tl County,
<br /> I hereby certif y tltat tl�is instrument was enterec� on Numerical Index, and f iled
<br /> for recorc� this �7 day of AUgU$t'i 19�}2 •
<br /> TO at I. ; �j0 o'clock p. M. �,c.��-t-d_�'�"`��'"�'
<br /> Register oj L3eecTs. '
<br /> Joe Vdright Deputy.
<br /> :°'�
<br /> Fees, $ �:].�
<br /> k
<br /> �,'ommence
<br /> AGREEMENT, Made and entered into this c�� day of June , iq ��. , by and between
<br /> Paul Gundenrath & H��tie Gudenrath Huaband �c wj_Pe
<br /> Party o f t�e f irst part, hereinaf ter called lessor(whether one or more)and
<br /> cT O e W r i gh t Partv o f the second part, �iereinaf ter called lessee,
<br /> WITN�ESSETH, That the said lessor, for and in consideration oj — one — DOLLARS,
<br /> cash in hancl paid, receipt of which is hereby acknowledged, and of the covenants ancl agreements hereinafter contained on the part of lessee to be paid, kept, and per-
<br /> formed, has granted, demised, leased and let and by tliese presents does grant, demise,lease and let unto said lessee,for the sole and only purpose of mining ancl operating
<br /> for oil ancl gas, ancl Iaying pipe Iines, and building tanks, power stations and structures thereon to produce,save and take care of said products,all tTiat certain tract of lantl
<br /> situated in tTie County of �ia�-1- State of NEBRASKA described as follows, to-wit:
<br /> East Half oP Sou�h S�re�t and �dest HaIP oP Jouth Eaet, Section 2�;
<br /> of Section TownsTxip 1-? � Range 1.�. � and containing 16� acres, more or Iess.
<br /> It is agreed that this lease sl�all remain in f ulI f orce f or a term of t en years f rom this date, and as Iong tliereaf ter as oiI or gas, or '
<br /> eitTier o f them, is produced f rom said land by the Iessee.
<br /> In consideration of tjte premises tlie said lessee covenants and agrees:
<br /> ist. To deliver to the credit of lessor, free of cost, in the pipe Iine to wl�ich l�e may connect liis wells, the equal one-eightlt ('/s) part of aII oiI produced and savect �
<br /> f rom the leased premises.
<br /> �,nd. To pay Iessor for gas from each well wliere gas only is found the equal one-eight� (%s) of the gross proceeds at the prevailing market rate, for all gas used off �
<br /> the premises, said payments to be made monthly
<br /> and lessor to have gas f ree o f cost f rom any such well f or all stoves and all inside lights in the principal dwelling house on said land during the same time by making his
<br /> own connections with the well at his own rislz and expense.
<br /> 3rd. 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-eighth
<br /> (�) of the market value, at the mouth of the well, payable monthly at the prevailing marizet price.
<br /> If no well be commenced on said Iand on or before the Z.St day of �181I'Ctl . t9 1.�.1}. . this Iease sliall �
<br /> terminate as to both parties, unless the lessee on or be f ore tliat date shall pay or tender to t1�e lessor, or to the lessor's credit in The s tA t e 8823�i O P C8�Y'O
<br /> Ban1z at Cairo,Nebr. or its successors, w6ich 9haI1 continue
<br /> as the clepository regarclless of ehanges in the ownership of said land, the sum of �"g`�.00 DOLLARS, .
<br /> whicli shall operate as a rental and cover the privilege o f def erring the commencement o f a well f or 1.� month.s f rom said date. In Iilze manner ancl
<br /> upon Iilze payments or tenders the commencement of a well may be {urtl�er deferred for like periods of the same number of months successively. All such payments or O
<br /> tenclers of rentals may be made by check or draft of lessee or any assignee thereof, mailecl or delivered on or before the rental paying date, either direct to Iessor or assigns
<br /> or to said depository banlz. And it is understood and agreed that the consideration f irst recited herein, tl�e down payment, covers not only tlte privileges granted to tlie �-
<br /> date when said first rental is payable as aforesaicl, but also the lessee's option of extending tliat period as aforesaid, and any and all ot/ier rights eonferrecl. �
<br /> Should tlie first well clrilled on the above described land be a dry hole, then, and in that event, if a second well is not commenced on said land within twelve months' .
<br /> from the expiration of the last rental period for whicl� rental has 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 resump-
<br /> tion of the payment of rentals, as above provided, that the Iast prececling paragraph T�ereof> governing the payment of rentals and the effect thereof, shall continue in �
<br /> force just as though there Iiac� been no interruption in the rental paymenls.
<br /> IF said lessor owns a less interest in the above described land than the entire and undivicled f ee simple estate therein, then tlie royalties ant�rentals herein provided `�
<br /> shall be paid the Iessor only in the proportion which his interest bears to the whole and undivided fee. wO
<br /> Lessee shall have the right to use, free of cost, gas, oil, and water produced on said land for its operation thereon, except water from wells of lessor.
<br /> When requested by Iessor, lessee shall bury his pipe lines below plow depth. `�
<br /> No well shall be drilled nearer than 20o feet to the house or barn now on said premises, without the written consent of the lessor. �
<br /> �.essee shall pay for c�amages causec� by its operation to growing erops on saic� lanc�. �
<br /> Lessee shall have the right at any time to remove all machinery and fixtures placed on said premises, including the right to draw and remove casing.
<br /> If the lessee shall commence to drill a well within the term of this lease or any extension thereof, the lessee shall have the right to drill such well to completion with
<br /> reasonab�e cliligence and dispatchs ancl if oiI or gas, or eith,er of them, be found in paying quantities, this lease sliall continue and be in force with the IiTze ef fect as if b�
<br /> such well had been completed within tl�e term of years herein first mentioned. �
<br /> �
<br /> If the estate of eitTier party hereto is assigned, ancl tTie privilege of assigning in whole or in part is expressly allocued, the covenants hereof shall extend to their
<br /> heirs, executors, administrators, successors or assigns, but no change in the ownership of the lancl or assignment of rentals or royalties shall be binding on the lessee until
<br /> after the lessee has been furnished with a written transfer or assiflnment or a true copy thereof; and it is hereby agreec� in the event t�is lease shall be assigned as to a
<br /> part or as to parts of the above described lands and the assignee or assignees of such part or parts sliall fail or make clefault in the payment of the proportionate part of
<br /> the rents due f rom liim or them on an acreage basis, such def ault shall not operate to c�ef eat or af f ect this lease in so f ar as it covers a part or parts o f said Iands upon
<br /> wl�ich the said lessee or any assignee thereo f shall make due payments o f said rentals. 1 f the leased premises are now or hereaf ter owned in severalty or in separate tracts,
<br /> the premises, nenertheless, mnv be deneloped and operated as an entirety, and the royalties shall be paicl to each separate owner in the proportion tTiat the acreage owned
<br /> by him bears to the entire. Ieased area. There shaTl be no obligation on the part of the lessee to of fset wells on separate tracts into which the Iand covered by this Iease
<br /> may hereaf ter be divided by sale, clevise, or otherwise, or to f urnish separate measuring or receiving tanks f or the oil produced f rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the title to the Iands herein describecl, and agrees that the Iessee shall have the right at any time to redeem for lessor by
<br /> payment, any mortgages, taxes or other liens on the above described Iands, in tTie eve nt o f de f ault o f payment by lessor, ancl be subrogated to the rigl�ts o f the Tiolder
<br /> thereo f.
<br />' Paul---Gudenrath---------------------------------(SEAL)
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<br /> i, Signed, sealed and delivered in presence of _____________________________________________________�.iat�iP. Guderarath � �
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