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<br /> B -I- OIL AND GAS LEASE
<br /> For�t 88.-•(Producers) (NEBRASKA) •
<br /> 21262—The Augustine Co., County Supplies, Grand Island, Nebr.
<br /> � �:
<br /> �pM THE STATE OF NEBRASKA
<br /> S3.
<br /> Carl Ri ef & wi f e Hall Counfy,
<br /> I liereby certify that tTiis instrument was entered on Numerical Index, and filed
<br /> for recorcl this 6 day of AUgUS �'� � g�2 ,
<br /> TO at Z : �j� o'clock P. M. � �1��b-�-f�-atisL_��
<br /> Register of Dee�Is.
<br />' �eputy.
<br /> cTOe Wright ` Fees, $ 2. l�j
<br /> �,'ommence
<br /> AGREEMENT, Made ancl entered into this First day of Apri1 , t9 �1. . by and between
<br /> Carl RieP & Minnie Edna May Rief, his wife,
<br /> Party of the first part,liereinafter called Iessor(whether one or more)and
<br /> J O e Wr i�h t — — — — — — — — — — — — — — — — — — — — — — — — —part y o f the second part, liereinaf ter called lessee,
<br /> WITNESSETH, That the said lessor, for and in consideration of -----one ----------------------------------- DOLLARS,
<br /> cash in hand paid, receipt of which is liereby aclznowledged, and of tlie covenants ancl agreements hereinafter contained on the part of Iessee to b6 pa�d, kept, and per-
<br /> f ormed, Tias grantecl, demised, Ieased and let and by tl�ese presents does grant, demise, lease and let unto said lessee,f or the sole and only purpose of mining and operating
<br /> for oil and gas, anc� Iaying pipe lines, and building tanks, power stations and stru,ctures th,ereon to produce, save and take care of said products,all that certain tract of land
<br /> situated in tTie County of Hall State of NEBRASKA described as follows, to-wit:
<br /> �outh Half of sec�ion 2
<br /> of Section Township �.2 N Range 11 W and containing �2� acres, more or less.
<br /> It is agreed tliat tliis lease shall�remain in f ull f orce f or a term o f t 621 years f rom t�iis clate, and as Iong thereaf ter as oil or gas, or
<br /> either of them, is produced from said land by the Iessee.
<br /> In consicleration of the premises the said lessee covenants and agrees:
<br /> tst. To deliver fo the credit of lessor, free of cost, in the pipe Iine to which he may connect his wells, the equal one-eig�th ('�) part of all oiI produced and saved
<br /> f rom the leased premises.
<br /> 2nd. To pay Iessor for gas from each well where gas only is found the equal one-ei9hth (�/s) of the gross proceecIs at t�ie prevailing marizet rate, for all gas used of f
<br /> the premises, said payments to be made mo n thl y
<br /> and Iessor to Tiave gas free of cost from any such well for all stoves and all inside lights in tlie principal dwelling I�ouse on said land during the same time by malzing his
<br /> own connections wit1� tTie well at his own rislz and expense.
<br /> 3rc�. 1'o pay lessor for gas produced from any oil well and used off t�e premises or in the manufacture of gasoline or any other product a royalty of one-eighth
<br /> (�a) of the market value, at the mouth of the well, payable montlily at the prevailing market price.
<br /> If no well be commenced on said land on or before th.e �-st' day of Mareh , ig �'�, tTiis lease shaii
<br /> terminate as to both parties, unless t1�e lessee on or before tliat date sl�all pay or tender to the lessor,or to the lessor's credit in T�e '�tate BaTl�i Of Calro
<br /> Banlz at Cairo, �ebr. or its successors, .�h��h ghaIl continue
<br /> as tlxe depository regardless of changes in the ownership of said Iand, the sum of ��-61�.C� — — — — — — — — � — — — — DOLLARS>
<br /> which shall operate as a rental and cover the privilege o f def erring the commencement o f a well f or 1-2 months f rom said date. In lilze manner and
<br /> upon like payments or tenders the commencement of a well may be further deferrec� for like periods of the same number of months successively. All such payments or
<br /> tenders of rentals may be made by checlz or draft of lessee or any assignee thereof, mailed or delivered on or before the rental paying date, eitl�er direct to lessor or assigns
<br /> or to said depository banlz. And it is understood and agreed tTiat th,e consideration f irst recited herein, the clown payment, covers not only the privileges granted to the
<br /> date when said first rental is payable as aforesaid, but also the lessee's option of extencling that period as aforesaid, and any and all other rights conferred.
<br /> Should the f irst well drilled on the above described land be a dry hole, tl�en, 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 which rental has been paid, this Iease sliall terminate as to both parties, unless the lessee on or before the expiration of
<br /> saicl twelve months shall resume the payment of rentals in tlie same amount ancl in the same manner as hereinbef ore provicled. Ancl it is agreed that upon the resump-
<br /> tion of the payment of rentals, as above provided, that the Iast precec�ing paragraph Iiereof, governing the payment of rentals and tTie ef fect thereof, shall continue in
<br /> force just as thougTi there had been no interruption in the rental payments.
<br /> 1 f said lessor owns a less interest in the above described land than the entire and unclivided f ee simple estate therein, then the royalties and rentals herein proUided
<br /> shall be puid the lessor only in the proportion which his interest bears to the whole and undivided fee.
<br /> Lessee shall Iiave the riglit to use> free of cost, gas, oil, and water produced on said land for its operation thereon, except water from wells of lessor.
<br /> Wl�en requested by Iessor, lessee shall bury his pipe lines below plow depth.
<br /> 1Vo well shall be drillecl nearer t{tan 20o feet to the house or barn now on saic�premises, without t{te written eonsent of the lessor.
<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 remove casing.
<br /> If the Iessee shall commence to drill a well within the term of th.is lease or any extension thereof, the Iessee shall have tlie right to drill such well to completion witli
<br /> reasonable diligence and dispatch, and if oiI or gas, or either of them, be found in paying quantities, this lease shall continue and be in force with the li{ze effect as if
<br /> such well harl been completed within the term of years lierein first mentioned.
<br /> If the estate of either party l�ereto is assigned, and the privilege of assigning in whole or in part is expressly allocued, tl�e covenants hereof shall extend to their
<br /> heirs, executors, administrators, successors or assigns, but no change in the ownership of the land or assignment of rentals or royalties shall be binding on the lessee until
<br /> af ter the lessee has been f urnished with a written trans f er or assignment or a true copy thereo f; and it is hereby agreed in the euent this lease shall be assigned as to a
<br /> part or as to parts of the above described lands and tlie assignee or assignees of such part or parts sTiall fail or malze clefault in the payment of the proporfionafe part of
<br /> the rents due f rom him or them on an acreage basis, sucli de f ault shall not operate to clef eat or af f ect tliis lease in so f ar as it covers a part or parts o f said lands upon
<br /> whic/� tl�e said lessee or any assignee thereof shall malze due payments of said rentals. If the leased premises are now or liereafter owned in severalty or in separate tracts,
<br /> the premises, nevertheless, may be deneloped and operated as an entirety, and the royalties shall be paid to each. separate owner in the proportion that the acreage owned
<br /> by him bears to tTie entire. Ieased area. There shall be no obligation on the part of th,e lessee to of fset wells on separate tracts into which the land covered by th,is lease
<br /> may �ereaf ter be divided by sale, de�ise, or otherwise, or to f urnish separate measuring or receiving tanks f or the oiI produced f rom such separate tracts.
<br /> Lessor Tiereby warrants and agrees to de f end the title to the Iands herein described, nnd agrees that the lessee shall have the right at any time to redeem f or lessor by
<br /> payment, any mortgages, taxes or other liens on the above described lands, in the event of default of payment by lessor, and be subrogated to tl�e rights of the holder
<br /> f�,ereo f.
<br /> ---------------------------------------�----------Carl...Ri ef-----------------........_...----....----......------(SEAL)
<br /> Signed, sealed and delivered in presence of ...............................................Minnie..._Edn�___Ma�r._Rief____._._____________�SEAL)
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<br /> --------------�------------------�-----G._C,Rav_�r�..__..-------------------..._..----------------------------.._._._._.. _..._..............---------------------......----�-----------------�--...._....-----------�-------...-----------------�------------(SEAL)
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