|
� 55 ,
<br /> B -I- OIL AND GAS LEASE �
<br /> Forui 88�(Producers) (NEBRASKA) .
<br /> 21282—The Augustine Co., County 8upplies, Grand Island, Nebr. �
<br /> �pM THE STATE OF NEBRASKA
<br /> ss.
<br /> Charl e s A.Ri ekard and wi f e Hal l Counay,
<br /> I hereby certify that this instrument was entered on Numerical Index, and filed
<br /> f or record this 6 day of AU a'U S t 19�2 .
<br /> TO at 1 : 3 C o'clock p� M. ��ti�aC�
<br /> Register oF Dee .
<br /> Jee ti1�r'��ht Deputy.
<br /> Fees. $ 2• 1-5
<br /> �
<br /> Commence
<br /> AGREEMENT, Made and entered into this �.7 day oF January , i9 �-2 , by and between
<br /> Charles A. Rickard a.nd Laura Rickard, husband arid wife,
<br /> Party of the f irst part, hereinaf ter called lessor(whether one or more)and
<br /> cT08 Wright — — — — — — — — — — — — — — — — — — — — — — — — Party of the second part, h.ereinafter called lessee,
<br /> WITNESSFTH, That the saicl lessor, for anc� in consic�eration of —�-- OT1G --------•-•------____»,____�—__.__________ DOLLARS,
<br /> cash in hand paicl, receipt of which is hereby acknowledged, and of the covenants and agreements hereinafter contained on tl�e part of lessee to be paid, lzept, and per-
<br /> formec�, has granted, demised, leased and Iet and by these presents does grant, demise, lease nnd 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 thereon to produce,save and take care of said products,aIl that certain tract of lancl
<br /> situated'in the County o{ Hall State of NEBRASKA described as follows, to-wit:
<br /> North Ha1f of North Half of North West Quarter; �ecti�n 14;
<br /> of Section TownsFtip ]_2 � Range 11 � and containing �}Q acres, more or less.
<br /> It is agreed that this lease shall remain in f uIl f orce f or a term of t an years f rom this date, and as Iong thereaf ter as oil or gas, or
<br /> either of them, is proclucec� from said Iand by the Iessee.
<br /> In consideration of the premises the said lessee covenants and agrees:
<br /> tst. To deliver to the credit of lessor, free of cost, in the pipe line to w�ich he may connect l�is wells, the equal one-eighth (�/s) part of alI oil produced and saved
<br /> f rom tlie leased premises.
<br /> 2nd. To pay Iessor for gas from each well where gas only is founcl the equal one-eighth (%s) of the gross proceeds at the prevailing marizet rate, for aII gas used off
<br /> fhe premises, saic�payments to be mac�e m�nthly
<br /> anc�lessor to have gas free of cost from any sucl�well for alI stoves and all inside lights in the principal clwelling house on said land during tTie same time by making his
<br /> own connections with tTie well at his own rislz and expense.
<br /> grd. To pay Iessor for gas produced from any oil well and used off tl�e premises or in the manufacture of gasoline or any otlier product a royalty of one-eiglith
<br /> ('/s) of the market value, at the mouth of the well, payable montlily at the prevailing market price.
<br /> I f no well be commenced on said land on or be f ore tTie ].S t daY af Mar eh , 19 �� . this lease shall
<br /> terminate as to both parties, unless the Iessee on or before that clate shall pay or tender to the lessor, or to the lessor's credit in Tl�e S��,t,� Bank Of' L'&�.T'O
<br /> Banlz at Cairo, Nebr. or its successors, wh�ch shalI continue
<br /> as the clepository regardless of changes in the ownership of said Iand, the sum of �2�.�� — — — — — — — — — — — — — — - DOLLARS,
<br /> wl�ich shall operate as a rental and cover the privilege of deferring the commencement of a well for 12 months from said date. In Iilze manner and
<br /> upon Iike payments or tenders the commencement of a well may be further deferred for like periods of the same number of months successively. AIl such payments or
<br /> tenders o{ rentals may be made by checTz or draft of lessee or any assignee thereof, mailec� or delivered on or before the rental paying date, either direct to lessor or assigns
<br /> or to saicl depository bank. Ancl it is unclerstood and agreed tliat 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 lessee's option of extending that period as aforesaid, and any and all oth,er rights conferred.
<br /> Should the first well clrilTed on the above described Iand be a dry hole, then, anc�in that event,if a second well is not commenced on said Iand within twelve months
<br /> from the 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 /> said twelve 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 t1�e Iast preceding paragrapTt hereof, governing the payment of rentals and the effect thereof, shall continue in
<br /> force just as though there had been no interruption in the rental paymenls.
<br /> 1 f saicl lessor owns a less interest in the above described land than the entire and undivided f ee simple estate therein, then th.e royalties ancl rentals herein provided
<br /> shall be puid the lessor only in tlie proportion whicli his interest bears to the whole and undivided fee.
<br /> Lessee shall have tl�e right to use, free of cost, gas, oil, and water produced on said Iand for its operation tliereon, except water from wells of lessor.
<br /> When requested by lessor, lessee shall bury his pipe lines below plow depth.
<br /> No well s�all be drilled nearer than 20o feet to the house or barn now on said premises, without the written consent of the Iessor.
<br /> Lessee shall pay f or c�amages causecl by its operation to growing crops on saicj lancl.
<br /> Lessee shall have tl�e right-at any time to remove all machinery and f ixtures placed on said premises, including the rigFit to draw and remove casing.
<br /> I f the lessee shall commence to driLl a well within the term o f this lease or any e xtension tliereo f, the lessee shall l�ave the right to dcill such well to completion with
<br /> reasonable diligence and dispatcli, and if oil or gas, or either of them, be found in paying quantities, this lease shall continue and be in force with the like effect as if
<br /> such well had been completed within the term o f years h.erein 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 shall extend to their
<br /> heirs, executors, administrators, successors or assigns, but no cTiange 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 assignment or a true copy thereof; and it is �ereby agreed in tke event th.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 shall fail or make default in the payment of the proportionate part of
<br /> tT�e rents due from Tiim or them on an acreage basis, sucli 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 /> whicli the saicl lessee or any assignee thereof shall make due payments of said rentals. If the leased premises are now or hereafter owned in severalty or in separate tracts>
<br /> tjte premises. nenertTieless, may be clenelopecl ancl operatecl as an entirety, ancl the royalties shall be paic� to eae�i separate owner in the proportion that the aereage ownec�
<br /> by him bears to the entire Ieased area. There shall be no obligation on the part of tlie Iessee to offset wells on separate tracts into whicTi tlie land covered by this lease
<br /> may hereaf ter be divided by sale, devise, or otherwise, or to f urnish separate measuring or receiving tanks f or the oil produced f rom sucl� separate tracts.
<br /> Lessor hereby warrants and 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 Iessor by
<br /> payment, any mortgages, taxes or other liens on the above described Iands, in the event of default of payment Fiy lessor, and be subrogated to the rights of the I�older
<br /> fhereo f.
<br /> ------------------------------------------�-----�har.l_ea---�4...?�.i�kar_�.---.._..------------.._..._.(SEAL)
<br /> Signecl, sealed and delivered in presence oj ________________________________________________Laura___Rickard______._.__.__._.....,.._.________...__.._�SEAL)
<br /> ..-----�------------------------------�-----------------------------------------------------...._._...--------------------�---------(SEAL)
<br /> ------�-�----------------------------------------C-'-�._C.R�,y_en-------...------------------------------------------------- �------(SEAL)
<br /> --------------------------------------------------------�---�-------.....--------....-----�------------�---------�------------
<br /> ----------------------------------------------------------------------------------------------------------------------------�------�-�----- ---------------------------------------------------------�----------------._......-�----------------------------�-�-----------------(SEAL)
<br /> ................�------------------------------------------------------------------------�-----------------------------------------�------- -...._...---------------------------------------------------------�---------------------...._.......-------------
<br /> -------------------(SEAL)
<br /> ----------------�---------------------------------------------------------------...-----------------------------��-----�-----------------. ..------•---...-•---•--------------------------------------�-------...----------------------------------------------.....-----�-�---(SEAL)
<br />
|