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<br /> B -I- OIL AND GAS LEASE
<br /> Form 88�(Producers) (NEBRASKA)
<br /> 21262—The Augustine Co., County 3upplies, Grand Island, Nebr.
<br /> FR.OM THE STATE OF NEBRASKA
<br /> ss.
<br />, Hal.�. County,
<br /> George Rauei'� c�C �t►� I hereby certify that thfs instrument was entered on Numerical Index, and {iled
<br /> for record t�is 6 day of AU St', (�f 19 �2 .
<br /> 'TO at 1. i,j� o'clock P.M. �ti�,uaC �ld�
<br /> Register of Dee s.
<br /> Joe VI�T'i ghfi, Deputy.
<br /> Fees. $ �;1.5
<br /> �
<br /> Commence
<br /> AGREEMENT, Macle and entered fnto this 2�'� day o{ Janu�ry , ig�2 , by and between
<br /> Geor�e Rauert and E'�ta Rauert,hus�and arid wiYe
<br /> Party o f the f irst part, liereinaf ter called lessor(whether one or more)and
<br /> cTO� Wri�ht Part 3/ of the second part, hereinafter called lessee,
<br /> WITN$SS$TH, T/�at the saic�lessor, for ancl in consicleration of One DOLLARS,
<br /> cash in hancl paid, receipt of w�.ich is hereby aclznowledged, and of the covenants and agreements hereinafter contained on the part of Iessee to be paid, Izept, and per-
<br /> f ormecl, has granted, demised, leased and Iet and by these presents does grant, demise, lease and let unto said Iessee,f or the sole and only purpose o f mining and operating
<br /> for oil and gas, and Iaying pipe lines, ana building tanlzs, power stations ancl structures thereon to produce,save and take care of said products, all tliat certain tract of Iand
<br /> situated in the County of ���-1- State of NEBRASKA described as follows, to-wit:
<br /> 5outh east �uarter o�' Sect2ar. E1_e�.Ten Tovrnshlp ��elve 8ange Z1.
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<br /> of Section �-�- Townsliip �-� Range �•I. ancl containing 1.6� �
<br /> acres, more or Iess.
<br /> It is agreeol tliat this lease shall remain in f ull f orce f or a term o f T�Ti years f rom this date, and as long thereaf ter as oil or gas, or
<br /> either o f tl�em, is produced f rom said land by the Iessee.
<br /> In consideration of the premises the said lessee covenants and agrees:
<br /> ist. To cleliver to the credit of Iessor, free of cost, in the pipe Iine to whicTi he may connect his wells, the equal one-eigltth ('�fi) part of aIl oil produced and saved
<br /> from the leased premises. �
<br /> 2nc�. To pay lessor for gas from each well where gas only is found the equal one-eighth (%s) of t�e gross proceeds at the prevailing market rate, for all gas used off �
<br /> the premises, said payments to be macle monthly
<br /> ancl lessor to have gas free of cost from any such well for alI stoves and aII inside Iights in tF�e principal dwelling l�ouse on said Iand during the same time by malzing his
<br /> own connections with. tlie well at l�is own risTz and expense.
<br /> 3rd. To pay Iessor for gas produced from any oil well and used off the premises or in the rrianufacture of gasoline or any other product a royalty of one-eighth
<br /> ('i's) of the market value, at the mouth of the well, payable mont�ly at t�e prevailing market price.
<br /> If no well be commenced on said land on or before tlie �. day of b2areh , iq �� , fhis lease sliall �
<br /> terminate as to both parties, unless the lessee on or before tTiat date shall pay or tender to tlie lessor,or to the lessor's credit in The Commereial N8f', �
<br /> Banlz at Grand Ialand or its successors, whi�h sh$ll continue
<br /> as tTie depository regarclless of changes in the owne:ship of said land, tlie sum of �uQ.�U DOLLARS,
<br /> wh,ich sliall operate as a rental and cover the privilege of cleferring the commencement of a well for Z.i� months from saicl date. In lilze manner and
<br /> upon Iike payments or tenders the commencement of a well may be further tleferred for Iilze periods of tl�e same number of month,s successively. AIl such payments or Qc
<br /> tenclers of rentals may be made by checlz or draft of lessee or any assignee thereof, mailed or delivered on or before tTie rental paying date, either direct to lessor or assigns �p"
<br /> or to said depository bank. And it is understood and agreed that the consideration f irst recited herein, the down payment, covers not only the privileges granted to the �
<br /> date when said first rental is payabTe as aforesaid, but also the Iessee's option of oxtending that period as aforesaid, and any and aIl other rights con�erred.
<br /> Should the f irst well clrillec� on tTie above described land be a dry hole, 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 period for which rental has been paid, th,is Iease sliall terminate as to both parties, unless the lessee 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 provided. And it is agreed that upon the resump-
<br /> tion of the payment of rentals, as above provided, that the last preceding paragraph hereof, governing the payment of rentals arid the effect thereof, shall continue in
<br /> force just as tTiough there liad been no interruption in th,e rental payments.
<br /> 1 f said lessor owns a less interest in the above described land than the entire ancl undivided f ee simple estate therein, then the royalties anc� rentals Tierein provided
<br /> shall be paid the lessor only in tl�e proportion which �tis interest bears to the whole and unc�ivided 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 /> When requested by lessor, lessee shall bury Feis pipe Iines below plow depth. C\��
<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 /> Lessee shall pay f or damages caused by its operation to growing crops on said land.
<br /> Lessee shall have the ric�ht at any time to remove aIl machinery and fixtures placed on said premises, including the right to draw and remove casing. �
<br /> If the lessee shall commence to drill a well witliin the term of this lease or any extension thereof, the lessee shall Tiave the right to drill such well to completion with. �
<br /> reasonable dili ence and dis atch, and i oiI or as, or eitlier o them, be ound in a in uantities, this lease shall continue ancl be in orce with the Ii1ze e f ect as i �
<br /> 9 p f 9 f f P Y 9 q f f f
<br /> such well had been completed within the term of years herein first mentioned.
<br /> If the estate of eitl�er party hereto is assigned, and the privilege of assigning in wl�ole or in part is expressly aLlowed, the covenants hereof shall extend to their
<br /> heirs, executors, aclministrators, successors or assigns, but no change in tl�e ownership of tlie lancl or assignment of rentals or royalties sliall be binding on tTie 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 s1�aII 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 the proportionate part of
<br /> the rents due from l�im or them on an acreage basis, such default shall not operate to defeat or affect this Iease in so far as it covers a part or parts of said lands upon
<br /> which the saicl lessee or any assignee thereof shall make due payments of said rentals. If t�e leased premises are now or hereafter owned in severalty or in separate tracts,
<br /> the premises. nevertheless, mny be deneloped and operated as an entirety, and the royalties shalC be paic� to each separate owner in tTie proportion that the acreage owned
<br /> by him bears to the entire Ieased area. There shall be no obligation on the part of the Iessee to oJfset wells on separate tracts into whicTi the land covered by this lease
<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 lands herein described, and agrees that the lessee shall have the right at any time to redeem for lessor by
<br /> payment, any mortgnges, taxes or other Iiens on the above described lands, in the event of default of payment by Iessor, and be subrogated to the rights of the holder
<br /> thereof.
<br /> ------------------------------------------�-------------------Geor$e...Rauert.---------------....--------(SEAL)
<br /> Signed. sealed and delivered in presence oF ----------------------------------------------------------------Et ta_.Rau er t--.-.------------.....-----------(SEAL)
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<br /> -----------------�-------------------------V`�.P_.Lauri�e en-----�----------------------------�--------------- ---------------------------------..................-----...---------------�------------�----------...----------------...------------(SEAL)
<br /> -----------------------------------------------�------------------------------------------------------------------------------�-----�------ --------�----------------......._..--------------------------------...--�---�-�----------�--------.......---...---------------------(SEAL)
<br /> -----�----�-------�-------------------------------------------------------------------------------------------�------------�--------------- ------.....-------------------�--------.......--•---------�----.....------�--�---------------------------------------._...----......(SEAL)
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