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<br /> B -� OIL AND GAS LEASE
<br /> Form 88�--(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County 8upplies, Grand Island, Nebr.
<br /> �pM THE STATE OF NEBRASKA
<br /> ss.
<br /> Grover C.f�t�ven et aZ HaI.Z Count,,,
<br /> 1 hereby certify tliat f�is instrument was entered on Numerical Index, and filed
<br /> for record this � day of AU USt 19 �2 .
<br /> 'I'Q at 1 ;3� o'clock p,M. �
<br /> Register of Dee s.
<br /> J o e WT'��I"].�"i , Deputy.
<br /> ,, ` Fees� $ 2: �.�
<br /> �
<br /> Commence
<br /> AGREEMEIVT, Made and enterecl into this �� day o( A}�Z'�.1. , iq�J. , by and between
<br /> CxravPr C.Raver� �C 14tsrtie J.Raven his wife �'iesley E. Bore�nsen & Helen Sorensen his wiPe
<br /> Party of the f irst part, hereinaf ter called lessor(whether one or more)and
<br /> eT O@ V'J r i ght Part�� o f the second part, hereinaf ter called Iessee,
<br /> WITNESSETH, TFiat tlie said lessor, f or and in consideration o{ o ri e and 210 hun dr e da. DOLLARS,
<br /> caslx in Ixand paid, receipt of whic�. is Tiereby acTznowleclgecl, and of tlie covenants and agreements hereinaf ter contained on the part of lessee to be paid, lzept, ancl per-
<br /> formed, Tias granted, demised, Ieased and let and by tliese presents does grant, demise,lease and let unto said lessee,for the sole and only purpose of mining and operating
<br /> for oiI and gas, and Iaying pipe lines, and building tanlzs, power stations and structures thereon to produce, save and take care of said products,aIl that certain tract of land
<br /> situated in the County of HaI-1 State of NEBRASKA clescribecl as follows, to-wit:
<br /> I 8outh E��t quarter oP Sec.2l.Twp.l2 N.Ran�e II S�.
<br /> of Section TownsTiip Range and containing �6� acres, more or less.
<br /> It is agreed that tliis lease shall remain in full force for a term of tG-'21 years from this date, and as Tong thereafter as otl or gas, or
<br /> eitTier of tliem, is produced from said land by th.e Iessee.
<br /> In consideration of t1�e premises the said lessee covenants and agrees:
<br /> ist. To deliver to the credit of lessor, free of cost, in the pipe Iine to whic�i he may connect his wells, the equal one-eighth (�/s) part of all oiI produced and saved
<br /> f rom the leased premises.
<br /> 2nd. To pay lessor f or gas f rom eacl�welT where gas only is f ound the equal one-eigh,th (�/8) o f the gross proceeds at the prevailing marizet rate, f or a.11 gas used off
<br />, fhe premises, said payments to be made r�onthly
<br /> ancl Iessor to have gas free of cost from any sucli well for aIl stoves and aIl inside ligTits in the principal dwelling house on said land during the same time by making Tiis
<br />! own connections with tTie well at his own risk and expense.
<br /> grcl. To pay lessor for gas procluee�I from any oil well and usecl off the premises or in the manufaeture of gasoline or any other procluet a royalty of one-eiglitjt
<br />�F ('i�) of the marizet value, at the moutl� of tTie well, payable montTily at t�e prevailing market price.
<br /> If no well be commenced on said land on or before the 1.8�. day of ft'Iareh. > 1g �} L}. , this Iease shall
<br /> terminate as to both parties, unless the Iessee on or before that date shall pay or tender to the Iessor,or to tlie lessor's credit in Tlie st+BtE,' 88211i of Ca�.ro
<br /> Bank at Cairo,NQbr. � or its successors, which sI�alI continue
<br /> as the clepository regarc�less of changes in tlie owners{iip of saicl lanc�, the sum of �"�U.�� DOLLARS,
<br /> wh��h shall operate as a rental and cover tlie privilege o f def erring the commencement of a well f or ].`c? mont�s f rom said clate. In like manner and
<br /> upon like payments or tenders the commencement of a well may be further deferrecl for like periods of the same number of months successively. All such payments or
<br />' tenders of rentals may 6e made by check 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 said depository banlz. Ancl it is understood and agreed that the consideration f irst recited herein, the down payment, covers not only tlie privileges granted to the
<br /> c�ate when said first rental is payable as aforesaicl, but also the lessee's option of extending that period as aforesaid, and any and aII other rights eonferred.
<br /> Should the first well drilled on the above described land be a dry Iiole, then, and in that event,if a second well is not commenced on said land within twelve months
<br /> from tl�e expiration of the last rental period for which rental has been paicl, 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 o f rentals in tTie same amount and in the same manner as hereinbe f ore proviclec�. And it is agreed th,at upon tlie resump-
<br /> tion of the payment of rentals, as above provided, tliat the Iast preceding paragraph Iiereof, governing the payment of rentals and tl�e effect thereof, shall continue in
<br /> f orce just as though there Tiad been no interruption in the rental payments.
<br /> I f said lessor owns a less interest in tlie above describecl Iand than tlxe entire and undivided f ee simple estate therein, then tlie royalties and rentals herein provided
<br /> shall be paid the lessor only in the proportion which his interest bears to the w�iole and undivided fee.
<br /> Lessee shall have the rigTit to use, free of cost, gas, oil, and water produced on said land for its operation thereon, except water from wells of lessor.
<br /> When requested by Iessor, Iessee sh�i bury h�s pipe Iines below plow deptTi.
<br /> No well shall be drilled nearer than 20o feet to the house or barn now on said premises, without the written consent of the lessor.
<br /> L.essee shall pay for damages caused by its operation to growing crops on saic� Iand. ,
<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 /> I f the lessee shall commence to drill a well within the term o f this Iease or any e xtension thereo f, the Iessee shall have the right to drill such well to completion with
<br /> reasonable diligence and dispatch, and if oiI or gas, or either of them, be found in paying quantities, this lease shall continue and be in force with tlie Iike ef fect as if
<br /> such, well Tiad been completed witltin the term of years lierein first mentionecl.
<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 /> Fieirs, execufors, administrators, successors or assigns, but no change in the ownersliip of the Iand or assignment of rentals or royalties shall be binding on the lessee until
<br /> af ter the lessee has been f urnished with a written trans f er or assignment or a true copy thereo f; and it is hereby agreed in the event this lease shall be assigned as fo a
<br /> part or as to parts of the above described lands and th,e assignee or assignees of such part or parts shall fail or maTze default in the payment of the proportionafe part of
<br /> the rents due f rom him or them on an acreage basis, such def ault shall not operate to clef eat or af f ect this lease in so f ar as it covers a part or parts o f said lands upon
<br /> which the said lessee or any assignee thereof shall make due payments of said rentals. If the Ieased premises are now or Iiereafter owned in severalty or in separate tracts,
<br /> the premises, nenertl�eless, mny be deneloped and operated as an entirety, and the royalties shall be paid to each separate owner in tTie proportion that tFie 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 whiclt tFie land covered by this lease
<br /> may hereaf ter be dividecl by sale, devise, or otherwise, or to f urnish separate measuring or receiving tanks f or tFie oil produced f rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the title to the lands herein described, and agrees that the lessee shall have the right at any time to redeem for Iessor by
<br /> payment, any mortgages, taxes or other liens on the above clescribecl lands, in the event of clefault of payment by lessor, anc� be subrogated to the rig�its of t�ie Aolder
<br /> thereof.
<br /> ---------------------------------...---------------------We al ey-�-E-�--°.Q�'��.a�n------�------------(SEAL)
<br /> Signecl, sealecl anc�cleliverecl in presenee of __________________________________________._...._._.____Helen L.9orens.�n..._______._.._.___.__�SEAL)
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