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<br /> I�IISCEI�L,ANEOUS RECORD W
<br /> 59283-THEAU6USTINECO.GRANDISLAND,NEBR. ,
<br /> (It is unuerst��d that this contr�rt ir_cl.ude� one-half of t�ie c�nter wal_1 of Bricic Bldg, on this
<br /> locati.or� and c�ne half int�resY ir. CPS�pool thereon). The Cei�ter j�'all. being a part3r ��all with
<br /> owner o�� ?��rth p2rt vf rh�s locatioi�. �
<br /> Ncn�, �f the �aad �rti_cs of tFle secortd ra�t shall pay the sti�m as above set fcrth, time �eing the esserce
<br /> of t-hi� contract, and siiall pay aI1 raxes .tnc� �csessments wher,her mox•��abe :�ote, special or gen�ral, which
<br /> may become dtfe on saici real efitate fur the year 1951, and thereaf�er until the above payments are all ma.de, then
<br /> said art` of the fie•st art shall at hi;; c�wr? cas+. execute ar.d 3eliver to the said arties of the second
<br /> F� F , P
<br /> Part, c�r thP.ir assi.gr�s izpc�n st�rr��na�r c�f this ;,ont_ract, a �aarrants� deAd tu the above deseribed premises.
<br /> ;1�`D IT' IS T'L'RTHT�R AGRE1'D THAT ir� ;.as� any �?ayment, eit?�er of grirlca.pal or interest� remaining unpaid
<br /> for a space rf thir±.y days after the same s�ia�l t�ecome �ite, or a fail.ure to pay any ta�:es or assessments, at
<br /> the f ime thc sa,me beceme d��e, *het�. i.n that case, the whol.e amotknt i.tnpaid on *his con±rac* shall become due
<br /> and payable with�ut furth�er notice; an<� si�Lh d�linquency in pay-ment, or the fazlure in other respects by
<br /> the par�ies �of the second part *.,o per°f�rm th� stipulations cf thi.s contract, or any part of them, shall
<br /> entitlt *h� �arty of the first plrt to imme�i�te possessicn of thc premases described herein, and the parties
<br /> ef the seconcl parx- shall fcrfei.t ail payme�,ts ;na3� under this c�ntract.
<br /> Th:i.s eontract sl�.all be in dupl_ica*e, ene cLpy of c.hi�h sha7l remain with Cach party to this contract,
<br /> ��'hen any Fa3°!rn�c�r, i� made on this contrart, th� person payit�o the Samc� take a diipl.icate receipt therefor from
<br /> the gar*.,ie;s here*c �r ";hzzr assigns.
<br /> I:�' t�'TT,*,'E�� te'Hi:RF(�F �-t��e part�es ha�e her�unt� set th^ir har�i the d��• �nd ycar f.irst above written.
<br /> In Pr�sencc� of � �
<br /> F, F.rvin King, M. D.
<br /> C. �. tiabel Na�el. King
<br /> C. R, T�abel Marie 0. Molzahn
<br /> Pt�rch�s�:rs when makin; pa.y�men� willfc���ard this cantract t.i� t�h+� office ef ��arie 0. I�to2zahn, contract
<br /> wil�. t�� re'�urr:e3 pi•nperl.y endorsed,
<br /> STaT� OF ?�e�raska }
<br /> } ss. �3efore me C, R, F�a�el a ?`�otary Pub1i� in and for said County, this day pers.�nally
<br /> Hall C�trnty ) eame �t�rie (�, *tolzahn, '�'idot.�� a�d F. F.r•�Tin King and Hazel King husband and �ai.fe,
<br /> who is knrnan t� me r� be the ident:ical persons namcd in the abore assi�nment, an�3
<br /> who execut.��� the sam�� ar:d ackncrwledged that t}-xey si�r�e3, sealed ai�;� ��elzverec� it a� their free ai,d ��oltrntary
<br /> act an3 ;ie�;i f�r �hr pur-�oses thereir; set forth,
<br /> ^i1��t� i���der my- ha��:-i an� '�'otarial �e�i� t-llis 9th d��y �f `�o�ember, 1�50, �
<br /> A�y commiss:r.n erpires t.re '?Lh day of '+ia}T, 1Q54. (ST��►I..1 C. R, Babel, '�'otary Public
<br /> Fil.ed f�,r ���c.:.��;:� !;h is 1� day �f J���3� 19�2, at 2:30 c�c1 o�n P. `t. C��� /�
<br /> l�'
<br /> Re�zster of Dee3s
<br /> 0--0��_C�_�_u��_p.��_�.��_�_��.p�-0_p_p-t?�p�-i�_i--�_��_�_0_�_(�_p_(!-t`..{�._��.�_�`_n_;�en_:�--(�--�--�_C--�_0-0-�-0-^-O-C-�-0--0-�-
<br /> dIL AND Gf'1S .LEASE
<br /> Lease ATo. ]_.592 � Annual Delay Rental �120.00
<br /> STATF. OF KI'BREISKA
<br /> OIL 111\D GAS LF.ASF
<br /> THIS AGRFF.'�1T?'�T made this 9th da,y of Jul.y, 1951, by and between THE STATF. OF ?�'EBRr'�SKA, acting by and through
<br /> the Roar3 of .F.ducational Lands and Fun:�s, d�signated herein as "Lessor�', nnder autherity of and by virtue of
<br /> the prcvision� of Legislati�-e Rill !�'o. 415, passed by the :�Tebraska State Legislature at its 56th (1943)
<br /> Sessi.on and pursuant to an or3er made by said �oard on the 9th �ay ef July, 1951 directing the execution of this
<br /> lease, and T, H, �viitzel of Grarid Isl�.nd, Nebraska, designated hereir, as "Lessee", WTT�IT�SSFTH;
<br /> l , Lessor, i.n cansideration of (�ne Ht�t�red 'ttaer.ty and no/100 DOLLARS in hand paid, receipt of whi.ch is
<br /> hereby ackr�c�,►ledged, and of the royalties 1�erein provided and �f the agreements of the Lessee herein contained
<br /> hereby grants, leases and le*s unto Lr�ssee, for the purpose of ex,nlorinb, drillino and operation for and
<br /> producing cil and gas, laying p:ipeline�i storing oil, buil�3ine tanks, power stations and other structures and
<br /> things therean to pr•oc�uce save take care �f, treat, store �an,� �rar.sp�t•t said ail and gas produced thereon,
<br /> the follak°ielg descritsed .land in N��11 County, Nebraska, to-�ait:
<br /> ?�E'4 an3 Sl Sec*�on 36, Township 9 I�'orth, Range 12 1�'est
<br /> 2. ;�ub,ject te t:he pt���-isions herein �ontaine�, this l�ase shall r�ma.in ii7 force for a term of ten
<br /> years froan this date (cal.led primary t�rm) ar.d �zs Ionb thereaftr�r as oil. or gas i_s produced from said land
<br /> in payin� �uar�ati.es,
<br /> 3. I,esSOr resc�rves and Lessee a�ree�; uo pay t� I.ess.�r th� follocding ruyalties: (a) On oil, 12z per
<br /> cent rf that prc�Aaced and s�v ed from said la.rac�, same to be del.ivered in tlze pipeline to which the wells may
<br /> he connecte�3; (b) on gas arcluclan� ca.singhead aas or ather �a�eous substance produced from said land and
<br /> solc� ar �zs��3 off Lh�� �remises or in tl�e mar.ufacture c�f ;as��li�e or other proriucts therefrom, the market
<br /> value at th� well on the lea.sed premi.ses of 1�1 perc�nt of t.he �a� so sotd or tased, Lessor shall be entitled
<br /> to recei��a such ���yalti.es free c�f cos� er expe�se of pr.xl��c*ion and ai� accounting shall be made therefor by
<br /> Lessee upon a montt�?3• �asis.
<br /> 4. If r,o w�l.� be c�rr,mer;i;ed on �ai:i lar,� ��n er �efore nnc ��ear from this t�ate, this lease shall terminate
<br /> as to t��,tt� �arti.es, z�nl�ss �n �r tsef�:a�, c�t�e pta�tir from t��is .3a�e Lessee sha7l pa� or tender to Lessor a rental� �
<br /> of �re Ti>>n:�r�d T'wer:t3 an.� nc�,.'lOC? DOLI..aRS c�hich sh�ll cc�v�r ~h� �r•ic�ilebe Rf c��ferrirg commencemert �f such
<br /> ope.rations for .�. ,pet-i;xt �f ttJe?ve (�21 �et��hc. Tn like, mati:r�er and upon like payments or ten,�ers annually,
<br /> �ltc commFnce^�en;, of said ��rrati�n� mr�y :�� fut�the�- :�nferx•ecl f�r s�se�e5s�ve Ferio.is ��f the same number of months
<br /> eac?1 d�arit�g the primary t;erm, Faymer,t or t�end�*r of said I"P.Itt�1.5 shall be ma�e to t?le I3oard nf Educational
<br /> �.ands and F��nds at its c�ffice at Lancc�ln, '�tebraska,
<br /> � 5. �f :?�iri►�� thP pr�marS� t�x°m ��f t�is 1.ease, Lecse� s[�all ��rill .r� ahan�on a .�iry }�ole �r hol�s, or if
<br /> �fter ���.he .�Ssc��ve�°y c,f �i.l or ,�as the prc�daction thei�eof ��g�+u�.:? c�.ase fr�,m a.n3� c.atiise, thi� 7_ease al�all n�t
<br /> tenr�in�t� if 1.«�ss�e �:amme�aeec a�ditioi?al �ri.l�it3g ;,�r re-����rlsin� opt�r•atioz�� t.i.t!�i.n� siaty (6C1) days ther�after,
<br /> or comme.�c�s �r rc,t<rtes t:t;e payment ��r tt��jE�r cf rentals :�r ��r� �.fcr�e rhe r-ental payin� date tlext ensuin�
<br /> af*e: th�, :��t�� af e�mplz��ion �r aban:�t5���ne�-� ef said '�ole o.: hol^s ol• *�?� cessatien of production. If *he
<br /> Lesse� shall comm�nce t.l ;�ri1.1 a we71 ��irhin the tPrm af this lease, said Lessee shall have the right tu drill
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