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<br /> B -i- OIL A�TD GAS LEASE
<br /> Form 88�(Producers) (N�BRASKA)
<br /> 21282—The Augustine Co., County Supplies, Grand Island, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> Hal I.
<br /> I'4 L'ounty,
<br /> Stanton A.q,uaifP c�c Y�f' I hereby certify that tl�is instrument was entered on Numerical Index, and filecl
<br />' for recorc� this 6 day of AU LLSti 19 �2 .
<br /> To at L :3� o•�ta�k P .M. �
<br />, Regisfer ofy�
<br /> µ eT O G" YI�T'�.�Yl�i Deputy.
<br /> 1'ees, $ �;15
<br /> ,,,,,'
<br /> Commence
<br /> AGREEMENT, Made anc�entered into this �E7 clay of July , t9�]. . by and between
<br /> . . �
<br /> Stantan A.t�ua�.Pe & CZara &I.�ual�e YlU�il)ATid a�d w1Pe
<br /> Party o f the f irst part, hereinaf ter called lessor(whether one or moreJ and
<br /> erOe V`Jr1.ght Part y of the second part, hereinaJter called lessee,
<br /> WITNESSETH, 7'hat the said lessor, f or anc�in eonsic�eration o f — on e — DOLLARS,
<br /> cash in l�anc� paid, receipt of whic� is hereby aclznowledged, and of the covenants and agreements liereinafter contained on the part of lessee to be paid, lzept, and per-
<br /> f ormed, lias granted, demised, leased and Iet and by these presents does grant, demise, lease and let unto said lessee,f or tAe sole and only purpose of mining and operating
<br /> for oil and gas, ancl Iaying pipe lines, and building tanks, power stations ancl structures thereon to produce,save ancl talze care of said products,all that certain tract of Iand
<br /> situated in#he County of �a��- State of NEBRASKA described as follows, to-wit:
<br /> South Ea�t Ruarter,Sectian �, Twp.I2 N,Ran�e IZ Weet
<br /> of Section Township Range and containing IOO acres, more or less.
<br /> It is agreed that this lease sliall remafn in f ulI f orce f or a term of Z� years f rom this date, and as long thereaf ter as oil or gas, or
<br /> eitl�er o f them, is produced f rom said land by the Iessee.
<br /> In consideration of the premises the said lessee covenants and agrees:
<br /> tst. To deliver to the credit of Iessor, free of cost, in the pipe line to whicli he may connect his wells, t�e equal one-eighth, (li's� part of all oil produced and saved
<br /> from t�e leasec�premises.
<br /> 2nd. To pay lessor for gas from each well where gas only is found the equal one-eighth (%a) of tl�e gross proceeds at tTie prevailing market rate, for all gas used of f
<br />' t�e premises, said payments to be made monthly
<br /> and lessor to have gas f ree o f cost f rom any such well f or all stoves and all inside Iights in tTie principal dwelling house on saicI land cluring tlie same time by malzing his
<br /> own connections with tT�e well at 1�is own rislz and expense.
<br /> 3rd. To pay lessor for gas produced from any oil well and used of f the premises or in t�e manufacture of gasoline or any otTier product a royalty of one-eightTi
<br /> (1/s) of th.e market value, at the mouth of the well, payable monthly at the pre�ailing market price.
<br /> If no well be eommeneecl on saicl land on or before the I.Bt clay of �8T'C�1 , t9�-{�� , tliis lease shall
<br /> terminate as to botTi parties, unless tlie Iessee on or before tliat date shall pay or tender to the lessor,or to the lessor's credit in The .StBte' B&21k OZ' Cairo
<br /> Bank at CQira,Nsbr or its successors, which sIialI continue �
<br /> as the depository regardless of changes in the ownership of said land, the sum of ���.�U DOLLARS,
<br /> w{ticli shall operate as a rental and cover the privilege o f def erring the commencement o f a well f or 1.� months f rom said date. In like manner and
<br /> upon Iilze Yayments or tenders the commencement of a well may be further cleferred for Iilze periods of the same number of months successively. AII suc{e payments or
<br /> tenders of rentals may be made by check or draft of lessee or any assignee thereof, mailed or deliverecl on or before the rental paying date, either clirect to lessor or assigns
<br /> or to said depository bank. And it is understood and agreed that the consideration f irst recited herein, tl�e down payment, covers not only tTie privileges granted to tTie
<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 aII other rights conferred.
<br /> Should the first well drilled on tlie above described land be a dry hole, then, and in that event, if a second well is not commenced on said land within twelve months
<br /> from the ezpiration of the last rental period for which rental has been paid, tliis lease shall terminate as to both parties, unless the lessee on or before the expiration of
<br /> saic{ twelve months shall resume the payment o f rentals in the same amount and in the same manner as hereinbe f ore provicled. And it is agreecl that upon tl�e resump-
<br /> tion of the payment of rentals, as above provided, that the Iast prececling paragrapA Iiereof, governing Che payment of rentals and the effect thereof, shall continue in
<br /> f orce just as though there had been no interruption in t�,e rental payments.
<br /> 1 f said lessor owns a less interest in the aboue described land than the entire and undivided f ee simple estate therein, then the royalties and rentals herein provided
<br /> sTiall be pcxid tlie Iessor only in the 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 lessor.
<br /> When requested by lessor, lessee sTiall bury Iiis pipe lines 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 tTie Iessor.
<br /> Lessee shall pay for cjamages eaused by its operation to growing erops on saicl Iancl.
<br /> Lessee shall have the rig�t at any time to remove all machinery and fixtures placed on said premises, including the rigl�t to draw and remove casing.
<br /> If the lessee shall commence to drill a well within the term of tliis lease or any e xtension thereof, the lessee shall have the right to drill such well to completion with
<br /> reasonable diligence and clispatch, and if oil or gas, or either of them, �ie founcl in paying quantities, this lease shall continue and be in force witli the like effect as if
<br /> such. well hacl been compreted within the term of years herein first mentioned.
<br /> If the estate of either party hereto is assigned, anc� the privilege of assigning in whole or in part is expressly allo�aed, the covenants hereof shall extend to their
<br /> I�eirs, executors, administrntors, successors or assigns, but no change in the ownersh.ip of the lancl or assignment of rentals or royalties sl�all be binding on the lessee until
<br /> after the lessee has been furnished with a written transfer or assignment or a true copy thereof; anc� it is hereby agreed in the event this Iease s�all 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 tTie proportionate part of
<br /> the rents due from him or them on an acreage basis, such 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 /> which t1�e said lessee or any assignee tliereo f shall malze tlue payments of said renta,ls. 1 f tTie leasecl premises are now or Tiereaf ter owned in severa�ty or in separate tracts,
<br /> the premises, nec�ertTieless, mny be clevelopecl and operated as an entirety, and the royalties sliall be paid to eacTi separate owrier in the proportion that the acreage owned
<br /> by him bears to tlie entire, Zeasecl area. There shall be no obligation on the part of the lessee to offset wells on separate tracts into wTiich. the land 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 the oil produced f rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the title to the Iands �erein described, 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 clescribec�Iancls, in the event of default of payment by lessor, and be subrogated to tl�e rights of the holder
<br /> tTiereo f.
<br /> 9�anton A.QuaiPe----------------------(SEAL)
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<br /> Signec�. sealed and delivered in presence of ----------------------------------------------------•-----C�_.QY!$__�•_�.�'uaif.�....----.--.-----------------(SEAL)
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<br /> -----------------------------------------------G._C..Haven----------------------�--------------------------------------- ------------------._.....----�------------------------------...--------------------------------------------------------------------(SEAL)
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