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<br /> B -� OIL AND GAS LEASE �
<br /> Form 88.-�(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County 3upplies, Grand Island, Nebr. '
<br /> gRp1vi THE STATE OF NEBRASKA
<br /> ss.
<br /> Ha�.1. �.'ounty,
<br /> �Tf3l�y Runge,unnird 1 Iiereby certi{y thCat this instrument was entered on Numerical Index, and filed
<br /> for record this O day of �lll�?U$'t ( �� .
<br /> Tp at I :j� o'clock �.M. ��/��'��c�-� J`�'G�t�'"�.
<br /> Register oF Deeds.
<br /> Joe �lri�ht Deputy.
<br /> Fees, $ �:15
<br /> �
<br /> �,'ommence
<br /> AGREEI�IENT, Mac�e and entered into this 1.'�� day of Jan , ig �2 . by and between
<br />� Iltary Run�e un��arriec3
<br /> Party of the f irst part, here.inaf ter called lessor(whether one or moreJ and I
<br /> J U P. �'r i ght Part �T of the seconc�part, jtereinaf ter called lessee,
<br /> WITNESSETH, T�iat the saicl lessor, for ancl in consicleration oJ --one-- DOLLARS. '
<br /> caslt fn hand paid, receipt of whicTi is hereby aclznowledged, and of the covenants and agreements liereinafter contained on the part of lessee to be paid, lzept, and per=
<br /> formec�, Tias granted, demised, leased and let and by tl�ese presents does grant, demise, lease and let unto said lessee,for the sole and only purpose of mining and operating
<br /> for oil and gas, and Iaying pipe lines, and building tanlzs, 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 H�J-Z State of NEBRASKA clescribecl as foTlows, to-wit:
<br /> s .�;.�' �P N.E.�� oP.' sPC 17
<br /> of Section Township 1.2 � Range Z,. �� and containing �'d acres, more or less.
<br /> It is agreed that t�is lease shall remain in {uil force for a term of t€�n years from this date, and as long thereafter as oil or gas, or
<br /> either of them, is produced from said land by the Iessee.
<br /> In consideration of tlie premises the sa2d lessee covenants and agrees:
<br /> tst. To deliver to the credit of Iessor, free of cost, in the pipe Iine to which he may connect Tiis wells, the equal one-eighth (�ia) part of aII oiI producecl ancI savec�
<br /> f rom the leased premises.
<br /> a,nd. To pay lessor for gas from each well wl�ere gas only is found tT�e equal one-eiphth (%s) oF tlie gross proceeds at the prevailing marizet rate, for alT gas used off
<br /> the premises, saic�payments to be made nionthly
<br /> and lessor to have gas free of cost from any such well for all stoves and all inside lights in the principal dwelling house on said Iand during the same time by making his
<br /> own connections with tlie well at h,is own rislz and expense.
<br /> 3rd. To pay Iessor for gas produced from any oiI well and used off the premises or in the naanufacture of gasoline or any other product a royalty of one-eighth
<br /> (�) of the market value, at the mouth of tlie well, payable montlily at the prevailing market price.
<br /> If no well be commencecl on said land on or before the �-St day of �'YRY'Ch , tg �.}.�. , this lease shall •
<br /> terminate as to both parties, unless tlie Iessee on or before tl�at date shall pay or tender to the lessor, or to the lessor's credit in The ►St+At,Q Bank OP Cairo
<br /> ' Bank at Cairay Nebr. or its successors, which ShgII continue
<br /> as the depository regardless of changes in the ownership of said land, the sum of �'��7.�U DOLLARS,
<br /> whfch shall operate as a rental and cover the privilege o f def erring tTie commencement o f a well f or Z 2 months f rom saicl date. In Iike manner and
<br /> upon like payments or tenders the commencement of a well may be further deferred for like periods of the same number of mont�s successively. AII such payments or
<br /> tenders of rentals may be made by check or draft of lessee or any assignee thereof, mailed or delivered on or before the rental paying date, either direct to Iessor or assigns
<br /> or to said depository banlz. Ancl it is understood and agreed that the consideration f irst recited herein, tl�e down payment, covers not only the privileges granted to the
<br /> date when said first rental is payable as aforesaid, but also the Iessee's option of extending that period as aforesaid, and any and all other rigFits conferred.
<br /> Should the f irst well drilled on the above described land be a dry l�ole, then, and in that event,if a seconcl well is not commenced on said land within twelve months
<br /> from the expiration of the last rental perfod for which rental has been paid, this Iease shall terminate as to both parties, unless the lessee on or before the expiration of
<br /> said twelve months shall resume the payment o f rentals in tlie same amount and in the same manner as hereinbe f ore provided. And it is agreed tl�at upon the resump-
<br /> tion of tlie payment of rentals, as above provided, that the Iast preceding paragraph hereof, governing the payment of rentals and tTie effect thereof, shall continue in
<br /> force just as though tl�ere liad been no interruption in the rental payments.
<br /> I f said lessor owns a less interest in the above described land than the entire and undivided f ee simple estate therein, then tlie royalties ancd rentals herein provided
<br /> s1�all be paid the Iessor only in tlie proportion which his interest bears to the whole and undivided fee.
<br /> Lessee shall have the rigl�t to use, free of cost, gas, oil, and water produced on said Iand for its operation thereon, except water from wells of lessor.
<br /> When requested by Iessor, Iessee shall bury l�is pipe Iines below plow depth.
<br /> No well shall be drilled nearer thnn �,00 feet to the house or barn now on said premises, without the written consent of the lessor.
<br /> Lessee shall pay for damages caused by its operation to growing crops on said Iancl.
<br /> Lessee sliall 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 /> I f the lessee shall commence to clrill a well within the term o f this lease or any e xtension thereo f, the Iessee shall have the rigl�t to drill such well to completion witT�
<br /> reasonable ariligence and dispatch, and if oiI or gas, or either of them, be found in paying quantities, tl�is lease shall continue and be in force wit/� the lilze effect as if
<br /> sucjt well hac� been completecl within the term of years herein first mentioned.
<br /> If the estate of either party hereto is assigned, and the privilege of assigning in whole or in part is,expressly alloc�ed, the covenants hereof sh,all extend to their
<br /> lieirs, executors, aclministrators, successors or assigns, but no change in the ownership of the lanc� or assignment of rentals or royalties shall be binc�ing on the lessee until
<br /> af ter the lessee has been f urnished with. a written transf er or assignment or a true copy thereof; and it is hereby agreed in the euent tTiis lease shall 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 make default in the payment of tFie proportionate part of
<br /> the rents due from him or tTiem on an acreage basis, such default sh.all not operate to c�efeat or af fect tliis lease in so far as it covers a part or parts of said lands upon
<br /> whicli the saic� lessee or any assignee thereof shall make due payments of saicl rentals. If tlie leased premises are now or hereafter ownecl in severalty or in separate tracts,
<br /> the premises, nec�ertheless, may be developed 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 the entire leased area. There shall be no obligation on the part o f the lessee to of f set wells on separate tracts into which the Iand covered by this Iease
<br /> may hereaf ter be divided by sale, devise, or otherwise, or to f urnish separate measuring or receiving tanks f or th.e oil produced f rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the title to t1�e 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 other Iiens on the above described lands, in the event of default of payment by lessor, and be subrogated to the rights of the holder
<br /> thereo f.
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<br /> G.C.Raven --------------------(SEAL)
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