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<br /> B -I- OIL AND GAS LEASE
<br /> Forcu 88.—(Producers) (NEBRASKA)
<br /> 21882—The Auguatine Co., County Supplies, Grand Island, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Arthur St�:1.k & wP rlall County,
<br /> I Iiereby certi{y that this instrument was entered on Numerical Index, and f iled
<br /> for record this � day of AU�"U(i . ��2 .
<br /> TO at 1- : j� o'clock P. M.
<br /> Register of De�
<br /> Deputy.
<br /> Joe Wri�;rit Fees, $ 2:15
<br /> ,�_��
<br /> Commence
<br /> AGREEMENT,Made and entered into this �.3 day of Feb . lg Z}.'� , by and between
<br /> Arttiur 9telk & Ruth 5�eZk (husbarid & w�i'e)
<br /> Party of tTie f irst part,hereinaf ter called Iessor(whether one or more)and
<br /> c70f.' Wri�ht Pnr�, of t�e second part, hereinafter callecl ZeSSee,
<br /> WITNESSETH, T�at the said lessor, for and in consideration of OriY �C I10�l�U DOLLARS,
<br /> cash in hand paicl, receipt of wliich is hereby aclznowledged, and of t�e covenants and agreements hereinafter contained on the part of lessee to be paid, Izept, and per-
<br /> f ormed, has granted, demised, Ieased and let and by these presents does grant, demise, lease ancl let unto said lessee,f or the sole and only purpose of mining and operating
<br /> for oiI ancl gas, ancl laying pipe lines, and Tiuilding tanks, power stations and structures thereon to produce,save and take care of said products,all that certain tract of land
<br /> situated in the County of �.�.I. State of NEBRASKA described as follows, to-wit:
<br /> North hal.1' oP tYiP S�uth E�st quarter oP 5ec.1.3,�wp 3 2 N Range Il W
<br /> of Section TownsTiip Z2 N Range 1-1• �r• and containing �0 acres, more or less.
<br /> It is agreed that this 2ease s�all remain in {uil force for a term of ten years from this date, and as long thereafter as oil or gas, or
<br /> either of them, is procluced from said Iand by tFte Tessee.
<br /> In consideration of t�e premrses the said lessee covenants and agrees:
<br /> tst. To deliver to the credit of lessor, free of cost, in the pipe line to whicFt he may connect his wells, tlie equal one-eighth ('�) part of aIT oil produced and saved
<br /> f rom t�.e leasecl premises.
<br /> �,nd. To pay lessor for gas from each well where gas only is found the equal one-eighth (�/s) of the gross proceeds at tFte preuailing marTzet rate, for alI gas used o{f
<br /> the premises, saic�payments to be macle monthl.y
<br /> ancl lessor to have gas f ree o f eost f rom any sueh.well f or alI stoves and all inside lights in the principal cLwelling Tiouse on said Lanc� cluring the same time by malzing his
<br /> own connections with the well at l�is own risTz and expense.
<br /> 3rcl. To pay Iessor for gas produced from any oiI well and usecl off th,e premises or in tlie manufaeture of gasoline or any ot�er procluct a roya�ty of one-eighth
<br /> (�/s) of the market value, at th,e moutli of the well, payaTile monthly at the prevailing market price.
<br /> If no well be commenced on saicl land on or before the 1. clay of �&I'CYl , tg � , this Iease shall
<br /> terminate as to both parties, unless the Iessee on or before tT�at date sl�all pay or tender to tl�e lessor,or to the Iessor's credit in The .g�&t@ BA21� oP Cairo
<br /> Bank at Caira Nebr or its successors, which shall continue
<br /> as the depository regardless of changes in the ownersliip of said Iand, the sum of ��.�� DOLLARS,
<br /> whicli shall operate as a rental and cover th.e privilege o f def erring the commencement of a well f or 1.� months f rom saicT date. In lilze manner and
<br /> upon like payments or tenclers the commencement o f a well may be f urther de f erred f or like periocls o f the same number of montlts successively. All such payments or
<br /> tenders of rentals maq 6e made by check or draft of lessee or any assignee thereof, maiTec� or delivered on or before the rental paying date, etther direct to lessor or assigns
<br /> or to said depository bank. And it is understood and agreed that the consideration f irst recitecl herein, the down payment, covers not only the privileges granted to the
<br /> date wlien said f irst rental is payable as af oresaid, but also tTie lessee's option of extending that period as af oresaitl, and any and aII other rrghts conf erred.
<br /> S/iould the first well clrilled on the above clescribed land be a dry Tiole, then, and in that event, if a second well is not commenced on said land within twelve months
<br /> f rom the expiration of the last rental period f or which rental has been paid, this lease shall terminate as to both. parties, unless the lessee on or bef ore the expiration of
<br /> said twelve months shall resume tlie payment of rentals in the same amount and in the same manner as liereinbefore provicled. And it is agreed that upon the resump-
<br /> tion of the payment of rentals, as above providecl, tliat the Iast prececling paragrapTi hereof, gouerning the payment of rentals and the effect thereof, shall continue in
<br /> force just as though there had been no interruption in t�e rental payments.
<br /> 1 f said lessor owns a less interest in t�.e above described Iand than t�.e entire and undivided f ee simple estate therein, then the royalties ancl rentals herein prov'uled
<br /> sliall be p�xid tl�e Iessor only in tlie proportion wTtich Ftis interest bears to the whole and undivided fee.
<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 Iessor.
<br /> When requestec� by lessor, Iessee sl�all 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 tFie Iessor.
<br /> Lessee s�all pay for damages caused by its operation to growing crops on said land.
<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 remode casing:
<br /> 1f the lessee shall commence to drill a well within the term of this lease or any extension thereof, the lessee sh.all have the right to clrill such well to completion with
<br /> reasonable diligence and dispatch, and if oiI or gas, or either of tliem, be found in paying quantities, this Tease shall continue and be in force with the Iike effect as ff
<br /> sucTi well liad been completed within the term of years herein first mentioned.
<br /> If the estate of either party l�ereto is nssigned, ancl tlte privilege of assigning in whole or in part is expressly allowed, the covenants hereof shall extend to their
<br /> heirs, executors, ad`ministrators, successors or assigns, but no change in the ownersFiip of the land.or assignment of rentals or royalties shall be binding on the lessee until
<br /> af ter the lessee has been f urnisl�ed with a written trans f er or assignment or a tru,e copy tl�ereof; and it is hereby agreed in tke euent this lease shall be assigned as to a
<br /> part or as to parts of the above described lands ancl the assignee or assignees of such part or parts shall fail or make default in the payment of tTie proportionate part of
<br /> the rents due from him or them on an acreage basis, sucTi default s�aLl not operate to defeat or af fect this Iease in so far as it covers a part or parts of said lands upon
<br /> which the said Iessee or any assignee thereof shall malze due payments of said rentals. If tFie leased' premises are now or Tiereafter owned in severalty or in separate tracts,
<br /> tlie premises. nevertheless, may be der�eloped and operated as an entirety, and the royalties shall be paid to each separate owner in the proportion that the acreage owned
<br /> by litm bears to the entire, leased area. There shall be no obligation on the part of the lessee to o{fset wells on separate tracts into which. tlie land covered by tAis lease
<br /> may hereaf ter be divided by sale, devise, or otherwise, or to f urnish separate measuring or receiving tanlzs f or the oil produced}'rom such separate tracts.
<br /> Lessor hereby warrants and agrees to def end the title to the lands herein described, and agrees that the lessee shall have th.e right at any time to redeem f or lessor by
<br /> payment, any mortgages, taxes or other liens on the above described Iands, in tlie event of defaul't of payment by lessor, and be subrogated to the rigT�ts of the holder
<br /> thereo f.
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<br /> Signecl, sealed and deli�ered in presence o{ -------------------------------------------------------------�l.l�kl..._&���.k..........-----------....---.---......(SEAL)
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