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<br /> � ��S
<br /> B —I— OIL, AND GAS LEASE s�� - �
<br /> Form 88.--(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County Supplies, Grand Isla,nd, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Cora A.Walt�;, single Hall County,
<br /> 1 hereby certify that this instrument was entered on Numerical Index, and filed
<br /> for recorct this 6 day of AU�US t 19�`� .
<br /> TO at I;3p o'clock p M. �;��I.�
<br />� Reyister of/�
<br /> Jc1i; GPY'S��1ti Deputy.
<br /> � Fees, $ 2;I�
<br /> I
<br /> I �.'ommence
<br /> AGREEMENT, Made and entered into this �.�� clay of �la,�* . i9 �-]. . by and between
<br /> Cora �.Waite, A single wor�an
<br />, Party of the f irst part, Tiereinaf ter called Iessor(whether one or more)and
<br /> e�O P VJr ight Party of the second part, Tiereinaf ter called lessee,
<br /> WITl\1$SS�TH, That t�e saic� lessor, for ancl in eonsicleration oj — one — DOLLARS,
<br /> cash in hand paid, receipt of wliicl� is hereby aclznowledged, and of tlie couenants and agreements hereinafter contained on the part of lessee to be paid, kept, and per-
<br /> formecl, l�as granted, demised, leased and let and by tFeese presents does grant, demise, lease and let unto said lessee,for t�e sole and only purpose of mining and operating
<br /> for oil and gas, anc� Iaying pipe lines, and building tanks, power stations and stru,etures thereon to produce,save and take care of said products,alI t�at certain tract of land
<br /> situated in the County of HF.iZ�. State of NEBRASKA described a� follows, to-wit:
<br /> North Ea�t G�ur�rter, Section 2d;
<br /> of Section Township �-� r1- Range �-�- w and containing i 6o acres, more or less.
<br /> It is agreed that this lease sl�all remain in fu�i {orce f or a term of t',E+I1 years f rom this date, and as Iong tliereaf ter as oiI or gas, or
<br /> either of them, is produced from said Iand by the Iessee.
<br /> In consideration of the premises the said lessee covenants and agrees:
<br /> tst. To deliver to the creclit of lessor, free of cost, in tlie pipe line to which he may connect his wells, the equal one-eiglitli (�/s� part of all oil produced and saved
<br /> f rom the leased premises.
<br /> a,ncl. To pay Iessor for gas from each well where gas onTy is found the equal one-eighth (�/s) of t�e gross proceeds at the prevailing marizet rate, for alI gas used off
<br /> the premises, said payments to be made nlonthJ_y
<br /> and Iessor to have gas f ree o f cost f rom any such well f or all stoves and all inside lights in the principal dwelling house on said land during the same time by making his
<br /> own connections with the well at his own risk and expense.
<br /> 3rd. To pay lessor for gas produced from any oil well and used off the premises or in t�.e manufacture of gasoline or any other product a royalty of one-eighfh
<br /> ('r�) of the market value, at the mouth of the well, payable monthly at tTie prevailing market price.
<br /> If no well be commenced on said Iand on or before the 1-�t day of Nlareh , tg � , this lease shall
<br /> terminate as to both parties, unless the Iessee on or before that date shall pay or tender to tl�e lessor, or to the Iessor's credit in The $t',AtB Bank OZ Cairo
<br /> Bank at Cairo,Plebr or its successors, wh��h s6aII continue
<br /> as the depository regardless of changes in the ownership of said land, the sum of �&'`U.�� DOLLARS,
<br /> which shall operate as a rental ancl cover t�e privilege of deferring the commencement of a well for �.`2 months from said date. In like manner and
<br /> upon like payments or tenders tlie commencement of a well may be {urtlier deferred for Iilze periods of the same number of months successively. All sucl� payments or
<br /> tenclers of rentals may be made by checlz or draft of lessee or any assignee thereof, maileol or delivered on or before the rental paying date, either direct to lessor or assigns
<br /> or to said clepository bank. And it is understood and agreed that the consideration f irst recited lierein, 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 periocl as aforesaid, and any and aII other rights conferred.
<br /> Should the f irst well clrilled on the above describecl land be a dry hole, then, and in that event, if a second well is not commenced on said Iand witFiin twelve months
<br /> from the expiration of the last rental period for which rental has been paicl, this lease sT�all terminate as to botli parties, unless the lessee on or before the expiration of
<br /> said twelve month,s shall resume the payment of rentals in tlie same amount ancl in the same manner as hereinbefore provided. And it is agreed that upon the resump-
<br /> tion of tlle payment of rentals, as above providecl, that the Iast preceding paragrapA Iiereof, governing the payment of rentals and the effect thereof, shall continue in
<br /> f orce just as tl�ough there had been no interruption in the rental payments.
<br /> 1 f said Iessor owns a Iess interest in the above described land than the entire and undivided f ee simple estate t�erein, tl�en the royalties and rentals herein provided
<br /> shall be paid the lessor only in tlie proportion which Iiis interest bears to the whole and undivided fee.
<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 Iessor.
<br /> Wl�en requested by Iessor, lessee sFtall bury his pipe lines below plow depth.
<br /> No well sT�all be drillecl nearer than 20o feet to the house or barn now on said premises, without the written consent of the Iessor.
<br /> I.essee shall pay for clamages eausec� by its operation to growing erops on saic� lanc�.
<br /> Lessee shall have the right at any time to remove all machinery and f ixtures p Iaced on said premises, including the right 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 tl�ereo f, the Iessee shall have the right to drill such ruell to completion wit�i
<br /> reasondble diligence and dispatch, and if oil or gas, or either of them, be founcl in paying quantities, this Iease shall continue and be in force witFi the lilxe effect as if
<br /> suc� well Tiacl been comp�etecT within the term of years herein first mentionecl.
<br /> If the estate of either party hereto is assigned, and the privilege of assigning in whole or in part is expressly alloLUed, the covenants hereof shall extend to their
<br /> l�eirs, executors, administrators, successors or assigns, but no change in the ownership of the lancl or assignment of rentals or royalties shall be binding on the lessee until
<br /> after the Iessee has been furnished with a written transfer or assignment or a true copy thereof; and it is hereby agreed in t�e euent this lease shall be assigned as to a
<br /> part or as to parts of the above clescribecl Iands and the assignee or assignees of such part or parts shall fail or make default in the payment of tl�e proportionate part of
<br /> the rents due f rom liim or them on an acreage basis, such de f ault sha�l not operate to def eat or af f ect this lease in so f ar as it covers a part or parts o f said lands upon
<br /> whiclti t�ie saicl Iessee or any assignee thereof shall malze due payments of said rentals. If the Ieased premises are now or hereafter ownecl in severalty or in separate tracts,
<br /> the premises. nevertl�eless, may be developed and operatec� as an entirety, and tlie royalties sTiall be paicl to each separate owner in the proportion tliat the acreage owned
<br /> by him bears to the entire, leased area. There shall be no obligation on the part of the lessee to of fset wells on separate tracts into which. the land covered by tTiis Iease
<br /> may hereaf ter be d���ded by sale, devise, or otherwise, or to f urnish separate measuring or receiving tanlzs f or tlie oil produced f rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend tlie title to the lands herein described, ancl agrees that the lessee shall have the right at any time to redeem for lessor by
<br /> payment, any mortgages, tares or other Iiens on the above described Iands, in the event of default of payment by Iessor, nnd be subrogated to the rights of t�e holder
<br /> thereo f.
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<br /> Signecl. sealed and delivered in presence of -------------------------------------------�--------------------�---------------�-----------------....---------------------�-�--�---(SEAL)
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