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<br /> B -i- OIL AND GAS LEASE
<br /> Form 88�-.-(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County $upplies, Gra.nd Island, Nebr. �
<br />�
<br /> FROM THE STATE OF NEBRASKA
<br /> ss. ��rheresa Kroeger & husb. Ha11 County,
<br /> I hereby certif y t�iat this instrument was entered on Numerical Index, anc� f iled
<br /> for record this � day of AU U S t 19 �G� .
<br /> Tp at 11: 45 o'cioclz A. M. ��_c�r� �
<br /> Re ister oJ�
<br /> s f
<br /> Depufy.
<br /> JOe Wright Fees, $ 2, Z�j � •
<br /> ��� �
<br /> Commence �
<br /> AGREEMENT, Nlade and enterecl into tTiis �t,�l day of AUgUSt', . ig �}2 , by and between �
<br /> _ �
<br /> �
<br /> �
<br /> Theresa Kroeger & Ed Kroeger �
<br /> Party of th,e first part, hereinafter called lessor(whether one or more)and
<br /> eTp 2 Wright — — — — — — — — — — — — — — — — — — — — — — — — Part y of the second part, hereinafter called lessee,
<br /> WITNESSETH, That the saic�lessor, for ancl in consic�eration of �l. ;;0 DOLLARS,
<br /> cash in hand paid, receipt of which is hereby acknowledgecl, and of the covenants and agreements hereinafter contained on the part of lessee to be paid, Izept, and per-
<br /> f ormed, has granted, demised, leased and Iet and by tTiese presents does grant, demise, lease ancl let unto said lessee,f or tTie sole and only purpose o f mining anc�operating
<br /> for oil and gas, ancl Iaying pipe Iines, and building tanks, power stations and structures th,ereon to produce,save and talze care of said products,all that certain tract of land
<br /> situated in the County of Hall State of N$BRASKA described as follows, to-wit:
<br /> �outh east of t'r.e south east Quarter of Section 15, Twp. 12 N. R 11 �.
<br /> of Section 15 Township 12 N• Range �-�. ��. and containing �-� acres, more or less.
<br /> It is agreecl that t�is lease shall remain in }'ull f orce f or a term o f �en years f rom this date, and as Iong thereaf ter as oiI or gas, or
<br /> either of them, is produced from saict Iand by the Iessee. •
<br /> In consicleration of the premises the said lessee covenants and agrees:
<br /> ist. To deliver to the credit of lessor, free of cost, in the pipe Iine to which he may connect his wells, the equal one-eigTit/� ('�s) part of all oil produced and saved
<br /> f rom tlie leased premises.
<br /> znd. To pay lessor for gas from eacTi well where gas only is found the equal one-eiglitl� (�s� of the gross proceeds at the prevailing market rate, for all gas usec�off
<br /> tlie premises, said payments to be made Mo n tnl y
<br /> and lessor to have gas free of cost from any suc�.well for all stoves and all inside lights in the principal dwelling house on said land during the same time by malzing liis
<br /> own connections with the well at his own risk and expense.
<br /> 3rc�. 7'o pay lessor for gas proc�ucecl from any oil well and used off the premises or in the manufacture of gasoline or any ofher proc�uct a royalty of one-eighth
<br /> (1/s) of the market value, at the mouth of the well, payable monthly at the prevailing market price.
<br /> If no well be commencecl on saicl land on or before the Z.St'i c�ay of Mareh , t9 �}�.�. , this lease s�iall
<br /> terminate as to both parties, unless the Iessee on or before that date shall pay or tender to tlie Iessor, or to the lessor's credit in The sta,t@ Bank Of' Cairo
<br /> Bank at Cairo, T�ebraska or its successors, which s�all continue
<br /> as the clepository regardless of changes in the ownership of said Iand, the sum of ,�20.�Q DOLLARS,
<br /> wl�ich shall operate as a rental and cover the privilege of deferring the commencement of a well for 1� months from said date. In like manner and
<br /> upon like payments or tenders the commencement o f a well may be'f urther de f erred f or like periods o f the same number o f months successively. All such payments or
<br /> tenders of rentals may be made by checlz or draft of Iessee or any assignee thereof, mailed or delivered on or before tlie rental paying date, either direct to Iessor or assigns
<br /> or to saicl clepository bank. Ancl it is understood and agreed t�at the consideration f irst recited herein, the down payment, covers not only the privileges grantecl to th,e
<br /> date when said f irst renta� is payable as af oresaid, but also the lessee's option o f exte nding that period as af oresaicl, and any and alI other rigl�ts eon f errecl.
<br /> Shoulcl the first well drilled on the above clescribecl Iancl be a clry Tiole, then, and in that event, if a second well is not commenced on spid land within twelve months
<br /> from the expiration of the last rental period for which rental has been paid, this lease shall terminate as to both parties, unless t�ie 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 tlie payment of rentals, as above provided, that the Iast preceding paragraph hereof, governing the payment of rentals and the effect thereof, shall continue in
<br /> force just as though tTiere Ftacl been no interruption in tlie rental payments.
<br /> 1 f said lessor owns a less interest in the above described land tlian the entire and undiuided f ee simple estate therein, tlien tlie royalties and rentals herein provided
<br /> sTiall be paid the lessur only in the proportion wTiich his interest bears to the whole and undivided f ee.
<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, Iessee shall bury his pipe lines below plow depth.
<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 Iessor.
<br /> Lessee shall pay f or ctamages eausec� by its operation to growing erops on saicI Iancl.
<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 /> If the lessee shall commence to ctrill a well witliin the term of this lease or any extension thereof, tlie lessee shall have the rig�it to clrill sucjt well to completion witli
<br /> reasonable cliligence anc� dispatcTi, ancl if oil or gas, or either o f them, be f ounc�in paying quantities, this lease shall continue anc� be in f orce with the Iilze e f f ect as if
<br /> such well l�ad been completed within the term of years l�erein first mentioned.
<br /> If the estate of either party hereto is assigned, anc� the privilege of assigning in whole or in part is expressly allocued, the covenants hereof shall extend to their
<br /> heirs, executors, acjministrators, 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 assiynment or a true copy thereo{; ancl it is hereby agreed in the event this lease shall be assigned as to a
<br /> part or as to parts of the above clescribec� Iands and the assignee or assignees of such part or parts shall fail or make default in t/ie payment of tFte proportionate part of
<br /> the rents due from him or them on an acreage basis, such default sh.all not operate to defeat or affect this lease in so far as it covers a part or parts of said Iands upon
<br /> which the said lessee or any assignee thereof shall maFze due payments of said rentals. If the leased premises are now or hereafter owned in severalty or in separate tracts,
<br /> the premises, nenertheless, may be deneloped and operated as an entirety, and the roya�ties shall be paid to eacTi separate owner in the proportion that the acreage owned
<br /> by him bears to the entire, leasec� area. There shall be no obligation on tlte part of the lessee to offset wells on separate tracts into w�iich the Iancl coverecl by tliis 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 sucli 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 mortgages, taxes or otl�er liens on the above described lands, in the event of default of payment by lessor, and be subrogated to the rigl�ts of tTie holder
<br /> thereof.
<br /> ----------------------------------�----------------------Mr s.----�'ner e_sa---Kr o eg er----------ISEAL)
<br /> Signecl, sealecl ancl cleliverecl in presenee o} _________________________________________________________Ed. Kro e er
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<br /> 1�.E. Sorensen -�-----�-----------------------------�-------------(SEAL)
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