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<br /> B -i- OIL AND GAS LEASE
<br /> Form 88�(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County Bupplies, Grand Island, Nebr. �
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> John Naumann et a1 Ha,ll CoU.nty,
<br /> I hereby certify that this instrument was entered on Numerical Index, and filed
<br /> for record this b day of AU�US�e.� � p � tg42 ,
<br /> 'j'p at �:�j 0 o'clock P. M. �-.�-�L����-��
<br /> Register of Dee s.
<br /> Jo e Wr i ght Deputy.
<br /> Fees� $ 2. 1.5
<br /> Commence
<br /> AGREEMENT> Made and enterecl into this ].0tk]. day of Apri1 , iq �'�- , by and beta+een \�
<br /> Jc,hn Naumann (Sing�e� and Otto Naumann ( Sin�le)
<br /> Party of the first part, hereinafter called lessor(whether one or more)ancl �
<br /> e�O2 Wri�ht - ' - - -- _ _ _ _ _ _ _ _ _ _ _ _ _ _ - - - - - - p�,t y of the second part, hereinafter called lessee, �
<br /> WITNESSETH, That the said lessor, for and in consideration of ---OTl@ ------ - - - - - - -' - ' - - - - - - - DOLLARS,
<br /> cash in hanc� paid, receipt of whicli is hereby acknowledged, and of the covenants and agreements hereinafter contained on the part of lessee to be paid, Izept, and per-
<br /> �ormecl> Tias granted, demised, leased and let and by tTiese presents does grant, demise, lease and let unto said lessee,for the sole and only purpose of mining ancl operating �
<br /> for oil and gas, and laying pipe lines, and building tanks, power stations and structures tl�ereon to produce,sa�e and talze care of said products,aIl that certain tract of lancl
<br /> situatecl in t1�e County of Ha1_1 State of NEBRASKA described as follows, to-wit:
<br /> � .
<br /> South West Quarter of Section 10; �
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<br /> of Section Township �.2 N Range 11 W and containing 16Q acres, more or less.
<br /> lt is agreed that this lease sliall remain in f ull f orce f or a term o{ t e n years f rom this date, and as long thereaf ter as oil or gas, or � '
<br /> eitlier of tl�em, is produced from said Tand by tl�.e Iessee.
<br /> In consideration of the premises tlie said Iessee covenants and agrees:
<br /> ist. To deliver fo the credit of lessor, free of cost, in t�e pipe line to which 1�e may connect his wells, the equal one-eightl� (i/a) part of all oiI produced and savecl
<br /> f rom tlie leased premises.
<br /> 2nd. To pay Iessor for gas from eacTi well where gas only is found t�e equal one-eightl� (%s) of the gross proceeds at tAe prevatling mar�xet rate, for aII gas used of f \�
<br /> t�e premises, saic�payments to be mac�e monthly \
<br /> and lessor to Iiave gas f ree o f cost f rom any sucli well f or all stoves and all inside lights in the principal clwelling house on said land during the same time by malzing his �
<br /> own connections witT� the well at Tiis own risk and expense.
<br /> 3rd. To pay lessor for gas producetl from any oil well and used of f the premises or in the manufacture of gasoline or any other product a royalty of one-eigltth
<br /> (�/a) o f the market value, at the mouth o f the well, payable monthly at the prevailing market price. '
<br /> If no well be commenced on said land on or before the 1:?t day of M�.reh , ig ��-�- , this lease shall
<br /> terminate as to both parties, unless the Iessee on or before that date shall pay or tender to the lessor,or to the lessor's credit in The S�ate .Bank Of Ca.iro �
<br /> Bank at �airo, �2�?T'. or its successors, which sI►alI continue
<br /> as the depository regardless of changes in the ownership of said land, the sum of ��Q.()Q _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ DOLLARS,
<br /> whicli shall operate as a rental and cover the privilege of deferring the commencement of a well for 1-� months from said date. In lilze manner and �
<br /> upon like payments or tenders the commencement of a well may be further deferred for Iike periods of tF►e same number of months successively. AlI sucl�payments or �
<br /> ' tenders of rentals may 6e made by clieck or draft of lessee or any assignee thereof, mailed or deliverecl on or before the rental paying date, either direct to lessor or assigns
<br /> or to said depository bank. And it is understood and agreed that tlie consideration f irst recitec� herein, the down payment, covers not only the privi�eges granted to the
<br /> date when said f irst rental is payable as af oresaid, but also the lessee's option o f extencling that perioc�as af oresaid, and any and all otlier rights eonf erred.
<br /> Should the f irst well drillecl on the above described Iand be a dry hole, then, and in that event, if a second well is not commenced on said Iand witliin twelve months
<br /> from tl�e expiration of the last rental period for which rental has been paid, this lease shall terminate as to both parties, unless the lessee on or before the expiration of
<br /> saic� twelve months shall resume the payment of rentals in the same amount and in the same manner as liereinbef ore provided. Ancl it is agreecl t�.at upon fhe resump-
<br /> tion of the payment of rentals, as above provided, that the last preceding paragraph hereof, governing the payment of rentals and the effect thereof, shall continue in
<br /> f orce just as though there had been no interruption in the rental paymenis.
<br /> If said Iessor owns a less interest in the above described Iand than the entire and un�ivicled f ee simple estate therein, then the royalties and rentals Iterein provided
<br /> shaTl be paid the lessor only in the proportion wTiich his interest bears to the whole and undivided fee.
<br /> Lessee shall have the riglit to use, free of cost> gas, oil, and water produced on said Iand for its operation thereon, except water from wells of Iessor.
<br /> When requestecl by Iessor, Iessee shall bury his pipe Iines below plow depth.
<br /> No well shall be dril�ed nearer than 20o feet to the house or barn now on saicl premises, without tlie written consent of tlte lessor.
<br /> Lessee shall pay f or damages causec� by its operation to growing crops on saicl land.
<br /> Lessee shall have the right at any time to remove all machinery and fixtures placed on said premises, including the right to clraw and remove casing.
<br /> If the lessee shall commence to c�rill a well within the term of this lease or any extension thereof, the lessee shall have the right to clrill sucli well to completion with
<br /> reasonable diligence ancl dispatch, and if oil or gas, or either of them, be found in paying quantities, this lease shall continue ancl be in force with, tlie lilze effect as if
<br /> sucTi wel� hac� been completecl within the term of years herein first mentionecl.
<br /> If the estate of either party hereto is assigned, ant� tlie privilege of assigning in whole or in part is expressly alloiued, the covenants hereof shall extend to their
<br /> heirs, executors, administrators, successors or assigns, but no c�tange in the ownership of the land 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 assignment or a true copy thereof; and it is hereby agreed in the event t�iis lease shall be assigned as to a
<br /> part or as to parts of the above aescribed Iands and the assignee or assignees of such part or parts sTiall fail or make default in the payment of the proportionate part of
<br /> tlie rents due from Tiim or them on an acreage basis, such, default shall not operate to defeat or affect this lease in so far as it covers a part or parts of said lands upon
<br /> which. the said lessee or any assignee thereof shall make due payments of said rentals. If the leased premises are now or liereafter ownecl in severalty or in separate tracts,
<br /> tl�e premises, nenertheless, mny be deueloped arzd operatecl as an entirety, ancl the royalties shall be paid to each separate owner in the proportion that the acreage owned
<br /> by him bears to the entire leasec� area. There shall be no obligation on the part of the lessee to offset wells on separate tracts into whicli the land covered by this Iease
<br /> may hereaf ter be c�ivided by sale, devise, or otl�erwise, or to f urnish separate measuring or receiving tanks f or the oiI produced f rom such separate tracts.
<br /> Lessor hereby warrants ancl agrees to defend the title to the lands herein described, and agrees that the Iessee shall have the right at any time to redeem for lessor by
<br /> payment, any mortgages, taxes or otTier liens on tT�e above described lands, in t�e event o{ c�efault of payment by Lessor, and be subrogatecl to the rights of the Tiolder
<br /> thereo f.
<br /> -------------�-----------------------------�--.Jo.hn._I�Iaumanxi.---=--�----------�--..._.....-------._...----(SEAL)
<br /> Signed, sealed and delivered in presence of ...............................................�tt0 Naum�nn.._.._.....__.___..._......._._________._..._(SEAL)
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<br /> G. C.R�v e n --------------�-�-�--------(SEAL�
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