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<br /> B -I- OIL AND GAS LEASE
<br /> Form 88.-•(Producers) (NEBRASKA)
<br /> 21282—The Augustine Co., County 3uppliea, Grand Island, Nebr.
<br /> �pM THE STAT$ OF NEBRASKA
<br /> ss.
<br /> M��tilda M. Strasser, Trustee, et a,l. Hall County.
<br /> 1 hereby certif y that tliis instrument was entered on Numerical Index, and f iled
<br /> for record this 1-5 day of AugUS� U•� i9 �2 .
<br /> TO at 2 :00 0'�lo�k P. 1�. �%
<br /> Register o Deec�s.
<br /> Deputy.
<br /> Joe Wright Fees, $ 2. ��j
<br /> ��
<br /> �.'ommence
<br /> AGREEMENT, Made and entered into t1�is 23 clay of April , tg �]. , by and between
<br /> Ma,tild�. M. Str�sser, (Trustee) , Matilda M. Strasser, sin�le, '�hos. J.0'Hara and Margaret E.O;��Hara
<br /> (husband and wife) Emma C. Strasser and J. C. Strasser, (husband anci wife) and Wm. J.Wiese ( single)
<br /> Party of the f irst part, kereinaf ter called lessor(whether one or more)and
<br /> JOf' Wright - - - - - - - - - - - - - - - - - - - - - - - - Part y of the second part, hereinafter called lessee,
<br /> WITNESSETH, That tlie sai�I Iessor, f or and in consicleration oJ o n e _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ DOLLARS,
<br /> . cash in liand paid, receipt of w�icl� is hereby acknowledged, and of the covenants and agreements hereinafter contained on the part of Iessee to be paid, kept, and per-
<br /> formed`, has grantecl, demised, leased and let and by these presents does grant, demise, Iease and let unto said lessee,for tl�e 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 taTze care of saicI proclucts,all that certain tract of land
<br /> situated in the County of H�,11 State of NEBRASKA c�escribed as follows, to-wit:
<br /> North Half of South Wes� Qua.rter and South Half oz trie ��or. th West Quarter, Section 11,
<br /> of Section Townsh,ip 1� N• Range 11 �'� and containing 1 b� acres, more or less.
<br /> It is agreed that this lease sTiall remain in f ulI f orce f or a term o f t e n years f rom this date, and as long thereaf ter as oiI or gas, or
<br /> either o f them, is produced f rom said land by tT�e lessee.
<br /> In consideration of the premises tlie said Iessee covenants and agrees:
<br /> ist. To cleliver to the credit of lessor, free of cost, in tTie pipe line to whic� he may connect his wells, the equal one-eighth (1/s) part of aII oil produced and savecl
<br /> from the leased premises.
<br /> 2nd'. To pay lessor for gas from each well where gas only is found the equal one-eighth (�/s) of the gross proceeds at the prevailing market rate, for aIl gas used of f
<br /> the premises, saic�payments to be macle monthly
<br /> and lessor to have gas free of cost from any such well for aIl stoves and aIl inside lights in tTie principal dwelling house on said Iand during the same time by making Fiis
<br /> own connections with the well at T�is own risk and expense.
<br /> 3rt�. To pay Iessor for gas produced from any oil well and used of f the premises or in the manufacture of gasoline or any other product a royalty of one-eightl�
<br /> ('/s) of the market value, at the moutli of the well, payable monthly at tlie prevailing marizet price.
<br /> 1 f no well be commenced on said land on or bef ore the 1 S t �Qy o f Mar eh , iq�� , this lease shall
<br /> terminate as to both parties, unless the lessee on or before tliat date sliall pay or tender to the lessor, or to the lessor's credit in The St�r+e Bank O f Cairo
<br /> Bank at ��ix'�,+�� T�Pbr• or its successors, .�h��h ghaII continue
<br /> as tl�e depository regarclless of changes in the ownership of said land, the sum of —YV��•00 — — — — — — — = — — — — DOLLARS,
<br /> whi�h shall operate as a rental and cover th.e privilege o f de f erring the commencement o f a well f or 12 months f rom saicl date. In Iike manner ancl
<br /> upon Iike payments or tenders the commencement of a well may be further deferred for like periods of the same number of months successively. AII such payments or
<br /> tenclers of rentals may be made by check or draft of lessee or any assignee thereof, mailed or delivered on or before th.e rental paying date, either direct to Iessor or assigns
<br /> or to said depository banlz. 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 payable as aforesaid, but also the lessee's option of extending that period as aforesaid, and any and aIl oth,er rights conferred.
<br /> S�ould the first well drilled on the above described land be a dry hole, then, anc�in that event, if a second 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, this Iease 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 the same amount and in the same manner as hereinbef ore provided. And it is agreed that upon the resump-
<br /> tion of the payment of rentals, as above provided, that the Iast prececling paragraph hereof, governing the payment of rentals and the effect thereof, shall continue in
<br /> force just as thougTi there had been no interruption in the rental payments.
<br /> 1 f said lessor owns a less interest in the above described land than the entire and undivided f ee simple estate therein, then the royalties and rentals herein provtded
<br /> shall be pcaid the lessor only in the proportion which his interest bears to the whole 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 lessor, lessee shall bury his pipe lines below plow deptA.
<br /> No well`shall be drilled nearer than 20o feet to the house or barn now on said premises, wit�.out the written consent of the lessor.
<br /> I.essee shall pay f or clamages causecl by its operation to growing crops on said lancI.
<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 drill a well within the term of this lease or any extension thereof, the lessee shall have the rigTit to drill such well to completion witTi
<br /> reasonable diligence and clispatch, and if oiI or gas, or either of them, be found in paying quantities, this lease shall continue and be in force with the lfke effect as if
<br /> such well had been completed within the term of years herein first mentioned.
<br /> If the estate of eit�ier party hereto is assignecl, ancl the privilege of assigning in whole or in part is expressly allowed, tlie covenants �iereof shall extend to their
<br /> �ieirs, executors, ac�ministrators, successors or assigns, but no change in the ownership of the lancl or assignment of rentals or royalties shall be binc�ing on the lessee until
<br /> af ter the lessee has been f urnished with a written transf er or assignment or a true copy thereof; and it is hereby agreed in the event this lease shall be assigned as to a
<br /> part or as to parts of the above described lands and the assignee or nssignees of such part or parts sTiall fail or malze default in the payment of the proportionate part of
<br /> the rents due f rom him or them on an acreage basis, such def ault shall not operate to c�ef 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 s1iall make due payments of saicl rentals. If the leased premises are now or hereafter owned in severalty or in separate tracts,
<br /> the premises. nenertheless, may be developed and operated as an entirety, and the royalties shall be paid to each separate owr�er in the proportion that the acreage ownecl
<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 which 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 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 mortgages, taxes or other liens on the above described lands, in the event of default of payment by lessor, and be subrogated to the rights of the holder
<br /> thereo f.
<br /> ----------------------------------------Mat i1da:_ht._str�.5:s.er--=::.:_.. --------�------------(SEAL)
<br /> Signed, sealed and delivered in presence o{ _______________________________________��at.ild.a__.N�.._.�tra.s.s_er._,..Trus.�.e.e___.....(SEAL)
<br /> ----------------------------------------�'h0_s. J.---O!-Hara-----------------�--------------�---------......_.(SEAL)
<br /> �-----------------------------------------------------�------------------------------------......-------------------------------------�----
<br /> ---------------------------------------I�g�rg�:r�-t---E-,�!_Ha_ra__.._.....------------------....-----(SEAL)
<br /> ----------------------------------�------------------------------------------------------------------------------------------------�-----.. ....._.._..._.._..�--...---------------P�Ir-�-'----Er�ma---C�_S t ra_s_s e r.._...._..------------------(SEAL)
<br /> -----------------------------------��-L,�Ho d�P-S-------------------------- ------------------�--------------------J-..C. St ra s s er ------...-----------(SEAL)
<br /> --------------------------------------------- ------------------------------------------...--------
<br /> -----�-------------------------------------------------------------------�-----------------._.._....-------...---.........-----------�----
<br /> --------•---------(--------------------Wrn.J.T�Tiese..--------�------------------------------------------....--(SEAL)
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