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<br /> B -!- OIL AND GAS LEASE
<br /> Form 88.—�(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County 6upp11es, Gra.nd Island, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> SS.
<br /> HaZ 1 County,
<br /> Richard Stoltenberg and Wl.f� I hereby certify iTiat tkis instrument was entered on Numerical Index, and filed
<br /> e t c�- 1 for recorcl t�iis 6 day of 1�U U S t �9�2 .
<br />, "I'� at 1.: 3� o'clock P.�'1. �cc,��
<br /> Register of Deed'sU
<br /> Deputy.
<br /> cT0 2 Wr j.ght', Fees, $ 2•�.'�'.�
<br /> �
<br /> Commence
<br /> AGREBMENT, Made and entered into tl�is Z.OtY1 day of June . t9�1 , by and between
<br /> Richard Stoltenberg and Sophia Stoltenberg, husband and wife and Amelia stoltenberg, unmarried
<br /> . Party of the first part, liereinafter called lessor(wliether one or moreJ and
<br /> cj0 E Wright — — — — — — — — — — — — — — — — — — — — — — — — Part3T of tlie se.cond part, hereinafter callecl lessee,
<br /> WITNESSETH, T'hat the saicl lessor, for ancl in consicleration of ---- one ---- — — — — — — -- — — — — — — — — — — DOLLARS,
<br /> cash in hanc� paid, receipt of wTiich is �ereby aclznowledged, and of the covenants and agreements l�ereinafter contained on the part of Iessee to be paicl, Izept, and per-
<br /> formed, has grantecl, demised, Ieased and let and C�y these presents does grant, demise, Iease and let unto said lessee,for the sole and only purpose of mining and operating
<br /> for oil and gas, ancl Iayirzg pipe lines, and�iuilding tanks, power stations and stru,ctures t�ereon to produce,save and take care of said products,all that certain tract of lancl
<br /> situated in the County o{ Hall State of NEBRASKA described as follows, to-wit:
<br /> �
<br /> �outh �alf of North East Quarter, Section l�; �
<br /> �
<br /> of Section Township ].2 j� Range 11 W and containing �� acres, more or less. ��
<br /> lt is agreed that this lease shall remain in f ull f orce f or a term of t e n years f rom this clate, and as long thereaf ter as oiI or gas, or �
<br /> either of them, is produced f rom said Iand by the Iessee.
<br /> In consideration of t�e premises the said Iessee covenants and agrees:
<br /> ist. To deliver to the credit of lessor, free of cost, in the pipe line to which he may connect his wells, the equal one-eight�i ('/a) part of all oil produced and savecl
<br /> f rom th.e leased premises. �
<br /> �nd. To pay lessor for gas from each well where gas only is found tl�e equal one-eighth (%s) of t�e gross proceeds at the prevailing market rate, for all gas used of f �
<br /> Lhe premises, said payments to be macle monthl,y �
<br /> and lessor to have gas free of cost from any such well for aII stoves and aIl inside Iights in the principal dwelling house on said land during t�e same time by malzing Tiis
<br /> own connections with the well at his own rislz and expense.
<br /> 3rc�. 7'o pay lessor for gas producec� from any oiI well and used of f t�ie premises or in the manufacture of gasoline or any other product a royalty of one-eight�i
<br /> (�) oF the marizet value, at tTie mouth of the well, payable mont�Iy at the prevailing market price.
<br /> If no well be commencecl on said land on or before tlie ].gt day of Mareh • 19 1}.�} . this Lease shall
<br /> terminate as to both parties, unless the Iessee on or before that date sTiall pay or tender to the lessor,or to the lessor's credit in TTie state Ba.11.�i Of' Cairo
<br /> Bank at Q81�„T'O� Nebr. or its successors, which shaIl continue
<br /> as the depository regarclless of changes in the ownership of said land, the sum of ��.�.�.(J� — — � — — — _ — — — — — — _ _ DOLLARS,
<br /> wliich shall operate as a rental ancl cover the privilege o f def erring the commencement o f a well f or 7.2 months f rom said date. In Zilze manner ancl
<br /> upon like payments or tenclers the commencement o f a well may be f urther de f erred f or lilze periods o f the same number o f months successively. AII sucl� payments or
<br /> tenders of rentals may be made by checlz or draft of Iessee or any assignee thereof, mailed or clelivered 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 the consideration f irst recited herein, the d'own payment, covers not only tlie privileges granted to the
<br /> c�ate when said first rental is payable as aforesaid, but also the lessee's option of extend'ing that period as aforesaid, and any and aIl other rigl�ts conferred.
<br /> S�ioulcl tFte first well clrilled on the above clescribed Iancl be a clry Iiole, then, ancl in that event, if a second well is not commenced on said land within twelve mont�s
<br /> from the expiration of the last rental period for which rental has been paid, fhis lease shall terminate as to both parties, unless the Iessee 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 provi�Iecl. And it is agreed that upon the resump-
<br /> tion of tlie 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 /> force just as though there had been no interruption in the rental paymenls.
<br /> I f saicl lessor owns a less interest in the above described land than the entire ancl unclivided f ee simple estate therein, then the royalties and rentals herein provided
<br /> shall be paic� the lessor only in the proportion whic� his interest bears to the whole and undivided f ee.
<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 lessor.
<br /> VVl�en requested by lessor, lessee shall bury his pipe Iines below plow depth.
<br /> lVo well shall be drilled nearer tlinn 20o f eet to the house or barn now on said premises, without the written consent of the lessor.
<br /> Lessee shall pay f or 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 tFie term of this lease or any extension thereof, the lessee shall have the right to drill such well to compTetion with
<br /> reasonable d'iligence and dispatch, and if oil or gns, or either of them, be foun�I in paying quantities, this lease shall continue and be in force with the Iike effect as if
<br /> such well hnd been completed within the term of years �ierein first mentioned.
<br /> If the estate of eitlier party hereto is assignecl, and the privilege of assigning in whole or in part is expressly allowed, tlie covenants hereof shall extend to their
<br /> heirs, executors, administrators, successors or assigns, but no cliange 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 furnisi�ed with a written transfer or assignment or a tru,e copy thereof; and it is hereby agreed in the euent this lease sliall be assigned as to a
<br /> part or as to parts of the above described Iands 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 clefault shall not operate to defeat or af{ect this lease in so far as it covers a part or parts of said lands upon
<br /> whic�. tlie said 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 /> the premises, nenertheless, may be deneloped and operated as an entirety, and the royalties shall be paid to eacl� separate owner in the proportion that the acreage ownetl
<br /> by him bears to the entire, leased area. T�iere shall be no obligation on the part of the lessee to of fset wells on separate tracts into which the land covered by tliis Iease
<br /> may hereafter be clivided by sale, devise, or otherwise, or to furnish separate measuring or receiving tanlzs for tl�e oil produced from such separate tracts.
<br /> Lessor herebv warrants and agrees to defend the title to the lands herein describec�, and agrees that the lessee shall have the right at any time to redeem for 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 tlie rights of the holder
<br /> thereof.
<br /> -----------------------------------�------------Ri_char d_._S t o l.t�nb e�'g------�-�--------.....(SEAL)
<br /> Signed, sealed ancl delivered in presence of _____________Sophis__..Stoltenb.er�.__...._______...._._._..,�SEAL)
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