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88
<br /> B -I- OIL AND GAS LEASE
<br /> For�► 88.�(Producers) (NEBRASKA)
<br /> 21262—The Auguatine Co., County 8upplies, Grand Island, Nebr.
<br /> FROM THE STATE OF NEBRASKA
<br /> ss.
<br /> � Mary Jensen Dennison & husband Hall County.
<br /> 1 l�ereby certif y tF�at this instrument was entered on Numerical Index, and f�led
<br /> f or recorcT this O clay of AU U S ti 9 �2 ,
<br /> TO nt �j: �-4�cj o'clock P.M. ��c;t�2,�
<br /> Register of Deeds '
<br /> Jo e Wr ight Dep�ty. '
<br /> Fees, $ 2• 2 5
<br /> i '�
<br /> Commence
<br /> AGREEMENT, Made and entered into this 22nd day of April . i9�'2 > by and between
<br /> Mary J�nsen Dennison and Harry D. D�nnison, ti�ife and husband,
<br /> Party of the first part,hereinafter called lessor(wl�ether one or more)and
<br /> Joe Wright — — — — — — — — — — — — — — — — — — — — — — — — Part y of the second part, hereinafter called lessee,
<br /> WITNESSETH, That the said lessor, for and in consideration of One 8.11C1 nolloo — — — — — — — — -- — — — — — DOLLARS,
<br /> cash in hand paid, receipt of whicli is Iiereby acknowledged, and of the covenants and agreements �ereinafter contained on the part of Iessee to be paid, kept, and per-
<br /> formecl, Tias granted, demised, Ieased and let and by tl�ese presents does grant, demise, lease ancl let unto said lessee,for tlie sole and only purpose of mining and operating ^
<br /> for oil and gas, and Iaying pipe lines, and building tanks, power stations and structures thereon to produce,save and talze care of said products,all that certain tract of land �
<br /> situatecl in the County of H c�1,�. State of NEBRASKA described as follows, to-wit:
<br /> '�he South Half of the Southwest Quarter of �ection lI, Township 12, North, Hange 11, West �
<br /> �
<br /> � °�
<br /> of Section �. Township 1.� �,., Range 11 �T and containing �� acres, more or Iess. � `
<br /> It is agreed tTiat this lease shall remain in f uIl f orce f or a term of o n e years f rom this date, and as Iong thereaf ter as oil or gas, or �
<br /> either of them, is produced from said Iand by the Iessee.
<br /> In consideration of the premises t1�e said lessee covenants and agrees:
<br /> tst. To deliver to t�e credit of lessor, free of cost, in the pipe line to wliich he may connect his wells, the equal one-eiglitlt (�) part of alI oiI produced and saved �
<br /> f rom the leased premises. �
<br /> 2nd. To pay Iessor for gas from each well where gas only is found the equal one-eighth (�/s) of the gross proceeds at the pre�ailing market rate, for alI gas used of f
<br /> the premises, said payments to be made monthly �
<br /> anc�Iessor to have gas free of cost from any suc1�well for all stoves and all inside lights in the principal dwelling house on said land during the same time by making his �
<br /> own connections witli the well at his own risk and expense. �
<br /> grd. To pay lessor for gas produced from any oil well anc�usec�of f the premises or in fhe manufacture of gasoline or any other procjuct a royalty of one-eig�th �
<br /> (�) of the marizet value, at the mouth of the well, payable monthly at the preuailing market price. 1(�
<br /> If no well be commenced on saicl land on or before the -- day of __________________________ 19__ , this Iease shall �
<br /> terminate as to both parties, unless the lessee on or before that date shall pay or tender to tlie lessor, or to the lessor's credit in The ------------------- �'
<br /> Bank at ----�-------•---_------_�—__ oe its successors, which shall continue
<br /> as the clepository regardless of changes in the ownership of said land, the sum of ---------------�----_________________._ DOLLARS,
<br /> wliich shall operate as a rental and cover tlie privilege of deferring the commencement of a well for __.______ months from saic� date. In ltke manner and
<br /> upon Iike payments or tenders the commencement of a well may be further deferred for like periods of tlie same number of months successively. All such payments or Q
<br /> tenders of rentals may 6e made by check or draft of lessee or any assignee thereof, mailed or c�elivered on or before the rental paying date, either direct to lessor or assigns �p
<br /> or to said depository banlz. And it is understood and agreed that the consideration f irst recitecl herein, the down payment, covers not only tlte privileges granted to the (�
<br /> d'ate when said first rental is payable as aforesaid, but also the lessee's option of extending that period as aforesaid, and any and all other rights conferred. ��
<br /> Shoulcl the first well drilletl on the above described land be a dry hole, then, and in that event, if a second well is not commenced on said Iand within twelve months � ,
<br /> f rom the expiration of the last rental period f or w�ich rental lias been paid, this lease shall terminate as to both parties, unless the lessee on or bef ore the expiration o f
<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 t{te resump-
<br /> tion of the payment of rentals, as above provicled, that the Iast precec�ing paragraph hereof, governing tlie payment of rentals and the effect thereof, shall continue in
<br /> force just as thoug�i there hac� been no interruption in the rental payments.
<br /> I f said lessor owns a less interest in the above described land than the entire and unclivtded f ee simple estate therein, then t�e royalties and rentals herein provided �
<br /> shall be paic� the lessor only in tTie proportion wlit�h h� interest bears to tlie 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 Iessor, Iessee shall bury his pipe Iines below plow depth. �
<br /> No ruell shall be drilled nearer than 20o feet to the house or barn now on said premises, without tlie written consent of the lessor.
<br /> Lessee s�all pay for c�amages causec� by its operation to growing crops on said Ian�Z. �
<br /> Lessee shall have the right at any time to remove alI machinery and fixtures placed on said premises, including the right to draw and remove casing. �
<br /> 1 f the Iessee shall eommence to drill a well within tl�e term of tl�is lease or any e xtension thereof, the lessee shall have the right to clrill such well to completion with .
<br /> reasonable diligence and dispatcli, and if oiI or gas, or either of them, be found in paying quantities, this lease shall continue and b6 in force with the like effect as if �-
<br /> suclt well hacl been completecl within the term of years �ierein first mentioned.
<br /> If the estate of either party hereto is assigned, and tlie privilege of assigning in w1�ole or in part is expressly alloiued, the covenants hereof sTiall extend to their
<br /> heirs, executors, administrators, successors or assigns, but no change in the ownership of the Iand or assignment of rentals or royalties sh.all be binding on the Iessee until
<br /> af ter tlie lessee has been f arnislied witli a written transf er or assignment or a true copy thereo f; and it is hereby agreed in the event this Iease shall 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 fhe proportionate part of
<br /> the rents due from him or them on an acreage basis, such default shall not operate to clefeat or af fect this lease in so far as it covers a part or parts of said Iands upon
<br /> whiclti tTie said lessee or any assignee thereof shall make due payments of said rentals. I� the Ieased premises are now or liereafter owned in severalty or in separate tracts,
<br /> the premises, nenert�eless; may be denelopecl and operated as an entirety, and tlie royalties shall be paid to each separate owr�er in the proportion that the acreage owned
<br /> by Tiim bears to the entire leased area. There shall be no obligation on tlie part of the lessee to o{fset wells on separate tracts into wl�ich. the Iand covered by this lease
<br /> may hereaf ter be divided by sale, devise, or otherwise, or to f urnish separate measuring or receiving tanlzs)or the oi[nrodu�ed{rom such separate tracts.
<br /> Lessor hereby warrants and agrees to defend the titTe 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 described lands, in the event o{ default of payment by lessor, and be subrogated to tlie rrghts of the holder
<br /> thereof.
<br /> --------------------------------------------------------Max�C--.s�ezi.s_�r�_._�anni.s.o.n---....----(SEAL)
<br /> Signecl, sealed and delivered in presence o{ Har.ry D. Derinison ___�SEAL)
<br /> ------------------------------------------------------------��-------.._........................------�-------------------------
<br /> Lessors
<br /> �--------------------------------------------�-�----�---�----.._............_.....---------------------------------------------..
<br /> ._.(SEAL)
<br /> __..._..----�------------------------------------------------------------------------------------------------------------------------------ -........------...........---...----�------------�--�--------`-r4.�._WS'.�g��.-�------�----------------�--------.._..(SEAL)
<br /> Less�e
<br /> ---------------------------------------------------------------�-----------..._..---------�--------------------------------------�--------- ---.._......----------.......---�-------....-------------��------------------------�-----._.....---------------------------------
<br /> .__(SEAL)
<br /> ------------------------------•----------�----------------------------------------------....---------------------------------------�-----�- ------.....-----------------------------...----._....._......--------------------------------�--------------....------------._...---(SEAL)
<br /> ------------------------------------------------------------------------------------------------------------------------------------------ ----------�----------------------------------._...---------........__...------------...---------------------------------...---------(SEAL)
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