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<br /> B -1- OIL AND GAS LEASE �
<br /> Foruz 88�(Producers) (N�BRASKA) �,s
<br /> 21282—The Auguatine Co., County Suppliea, Grand Island, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> Ss.
<br /> Theo. C. Chris�enseri and wife, H�11 Cou"ty,
<br /> I l�ereby certify tl�at this instrument was entered on Numerical Index, and filed
<br />, f or recorc� this 6 day of �j,U S ti �2 '
<br /> TO a� 1:30 o'ctock p� M. �����������
<br /> Register of Deeds.
<br /> Joe W1�ight Deputy.
<br /> Fees. � 2. 1�
<br /> -�.� ,
<br /> Commence
<br /> AGREEMENT, Ma�e anol entered into tliis 11 day of April . tg�}.l . by and between
<br /> Theodor C. Christensen amd Anna Christensen, his wif�,
<br /> Party of th,e first part, 1►ereinafter called lessor(whether one or more)anc�
<br /> JO e Wright - - - - - — — — — — — — — — — — — — — — — — — — Part y of the second part, hereinaffer called lessee,
<br /> WITNESSETH, T�at the saic�lessor, for and in consideration of --one — — — — — — — — — — — — — — — — — — - _ DOLLARS,
<br /> cash in hand paicl, receipt of whicli is hereby acknowledged, and of the covenants and agreements liereinafter containecl on tlie part of lessee to be paid, lzept, and per-
<br /> f ormec{, Tias grantecl, demisecl, leasecl and let and by these presents does grant, demise, lease and let unto said lessee,f or the sole and only purpose o f mining and operating
<br /> for oil ancl gas, and Iaying pipe lines, and building tanks, power stations and structures thereon to produce,save and taFie care of said products, aIl that certain tracf of land
<br /> situated in the County o{ Hall State of NEBRASKA described� follows, to-wit:
<br /> North West Quarter, Section 2�;
<br /> of Section Township 12 N Range 11, j� and containing 16� acres, more or less.
<br /> It is agreed tTiat this lease shall remain in f uII f orce-f or a term o f t eI1 years f rom this date, and as long thereaf ter as oil or gas, or
<br /> eitlier of them, is produced from said land by the Iessee.
<br /> In consicleration of the premises tlie said lessee covenants and agrees:
<br /> ist. To deliver to the credit of lessor, free of cost, in the pipe line to whic�, �,e may connect his wells, the equal one-eighth (�/s) part of all oil produced and saved
<br /> f rom the Leased premises.
<br /> 2nd. To pay Iessor f or gas f rom eacli well wliere gas only is f ound the equal one-eighth (�/a) of the gross proceeds at tlie prevailing marizet rate, f or alI gas usecl o f f
<br /> the premises, said payments to be made �1 O n t�11 y �
<br /> and lessor to Iiave gas free of cost from any such well for aII stoves and all inside Iigl�ts in tTie principal dwelling house on said land during the same time by making his
<br /> own connections with the well at liis own risk and e:rpense.
<br /> 3rd. To pay lessor for gas produced from any oil well and usec�of f t�.e premises or in t�e manufacture of gasoline or any other proc�uct a royalty of one-eight�i
<br /> ('�) of the market value, at the mouth of the well, payable monthly at the prevailing market price.
<br /> If no well be commenced on said Iand on or before the 1-St day of Mareh . t9�'4 . this lease sIwII
<br /> terminate as to both parties, unless the lessee on or before that date sliall pay or tender to the Iessor, or to the lessor's credit in The ►�tBtG' 8812�L Of' Cairo
<br /> Bank at Cairo, Nebr. or its successors, which shall continue
<br /> as the depository regardless of changes in tlie ownership of saicl Iand, tlie sum of �g'�. 00 DOLLARS,
<br /> which shall operate as a rental and cover the privilege of deferring the commencement of a well for 12 months from said date. In Iike manner and
<br /> upon like payments or tenders the commencement of a well may be further deferred for like periods of the same number of months successively. All such payments or
<br /> tenders of rentals may be macle by check or draft of lessee or any assignee thereof, mailed or delivered on or before the rental paying date, either direct to lessor or assigns
<br /> or to said depository banTz. And it is understood and agreed that the consideration f irst recited' herein, the down payment, covers not only the privileges granted to the
<br /> date when said first rental is payable as aforesaid, but also the Iessee's option of extending that period as aforesaid, and any and aII other rigTits conferred.
<br /> Should the first well clrilled on the above described land be a dry hole, then, and in tliat event,if a second well is not commenced on said land wit�in twelve montl�s
<br /> from the expiration of the last rental periocl for which rental has been paid, tliis lease sliall terminate as to both parties, unless the lessee on or before the expiration of
<br /> said twelve months shall resume the payment of rentals in the same amount and in tlie same manner as �.ereinbefore providec�. And it is agreed that upon the resump-
<br /> tion of tTie payment of rentals, as above provided, that the Iast preceding paragraph hereof, gouerning t�e payment of rentals and the effect thereof, shall continue in
<br /> force lust as though there hac� been no interruption in the rental payments.
<br /> If saicl lessor owns a less interest in the above described land than the entire anc� unc�ivicled fee simple estate th,erein, then the royalties and rentals herein prouided
<br /> shall be p�xid the lessor only in the proportion whieh his interest bears to tl�e whole and unclivicled f ee.
<br /> Lessee shall have th,e riglit to use, free of cost, gas, oil, and water produced on said lancl for its operation tTiereon, except water from wells of lessor.
<br /> When requested by lessor, lessee shall bury his pipe lines below plow depth.
<br /> No wel� shall be drilled nearer t�ian 20o feet to the house or barn now on said premises, witFiout tlie written consent of the lessor.
<br /> Lessee shall pay for clamages causecl by its operation to growing crops on saic� land.
<br /> Lessee shall �ave the right at any time to remove alI machinery and fixtures placed on said premises, including the right to draw and remove casing.
<br /> If the Iessee shall commence to drill a well within the term of this lease or any extension thereof, the �essee shall have the rig�t to dril� such well to completion with
<br /> reasonable diligence and dispatcl�, and if oiI or gas, or either of them, be f ound in paying quantities, this Iease shall continue ancl be in f orce with the like ef f ect as if
<br /> such well had been completecl within the term o f years herein f irst mentioned.
<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 s�all extend to their
<br /> Tieirs, executors, administrators, successors or assigns, but no cliange in the ownership of tlie land or assignment of rentals or royalties shall be binding on the lessee until
<br /> af ter tTie lessee has been f urnished with a written trans f er or assignment or a true copy thereof; ancl it is hereby agreed in the euent this Iease 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 shall fail or malze default in the payment of the proportionate part of
<br /> the rents due from him or them on an acreage basis, such default shall not operate to defeat or affect this Iease in so far as it covers a part or parts of said Iands upon
<br /> which. the said Iessee or any assignee thereof shall make due payments of said rentals. If the leased premises are now or hereafter owned in severaTty or in separate tracts,
<br /> the premises, nec�ertheless, mny be deneloped and operated as an entirety, and the royal'ties sliall be paid to eacTi separate owner in tl�e proportion that the acreage ownecl
<br /> by h.tm bears to the entire, leased area. There sliall be no obligation on the part of the lessee to offset cuells on separate tracts into whicl� tTie land covered by this lease
<br /> may hereaf ter be divided by sale, devise, or otF�erwise, or to f urnish separate measuring or receiving tanks f or the oiI produced f rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the title to the lands herein described', and agrees that the lessee shall have the right at any time to redeem for Iessor by
<br /> payment, any mortgages, taxes or other liens on the above described lands, in the event of clefault of payment by Iessor, and be subrogated to the rights of the holder
<br /> fhereof.
<br /> --------------------�---------�---------------The o._C..Chr i s t_e.n s.�n--------�-�----------------(SEAL)
<br /> Signed, sealed and delivered in presence of ..............................................Anna____Chri.s.ten_s_en______________.___________________�SEAL)
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