HomeMy WebLinkAbout1010 129 P~ 951
~ 8. 7~e ri 6t: Rnd estate of anr party 6ereto way he ass~Rned lr~~m time to time in wla:e or in
"ti~~t=p~. ~ ooatide~tiom of tbit leass sL~ll e~dead to aod be bindln= up on the V+rt aud as to any mineral or 6oric~rn. All of the cucrnants.
Partiaa 6ercto. their bein. snccesfoa. aai~as. ~nd sncr~ire aa~~~ns. No
chanae or divisim ia tLe ownee:Lip oE aid lasd tqaltls. dda7 rental. or other moneys, or ~nY Part thereof. howr~osrar effacted. tL~ll increue t6e obliAatloos
,~r dimiais6 tbe riaAN of twee, i~cludins. bot uot ~imited M. tbs locatim and drillin~ of w~stb aed the measnremeut of peoda~loa. ~af oUw
flthli~ Uf COIIf~ILCliVQ ~OOM]!~0 or noelcs tLe~eof of or to lersee. ib snoowoa or a~i~. m ~ or divf~bn in ths owsss af s~W w af tbr
n~>ialties, ddar reatal. or otLer mooeys or ths ri~Lt to receive the same. 6owsoe~•er effected, shall 6e bind'mA upoo tbe tLen reoo~ owaer d t6is leax until
~hirt7' l30) d~~ afta tLero bas been ~um46ed M w~cL noord owner d 66 or ib winefwl PLoe of bnsines by lessor or lenort 6ei+s. socc«wis or assipu.
nohiY nE snch cAanse or di~isba, snppoited bp «t6er od~inals or dalr ~ed cop~d oF tLe imtriuoeoh which Lave bem properlp ~ed (or ncor~ and whlcL
idence such ch~u,te w diriuoo, ~ad of soeh court reaonis and pyooaeed'm~s, tran~cripts, or otbsr docvmmb as shall bs a~oea~ary in ths ~ of mcb ramrd
,w-nu bo euabla6 tbe v~liditp of surb ch~a;e or divisian. If ~u auch ch~ale in o~oceun b reasoo of tLe death of fLs ow~. ewee ma~. nerecthe-
s~+1 or tender sucL royaltia. dda~ cenW. or otber maneys. or prt tLereof Eo ths of tbe decodmt la • depoaitonr b~nk wavided for above. In
thP e~ent assiSomeat of tLis lease ~t to ~n7 P~ (~dLer dirided or undfvi~ed) of aid I~sd. the deLy rmtal V~Yable l~e~mdei sball bs ~pportioo~bk as
nrtw~een the severa! leasaihold owna~s, ratabl~ aooordins m tbe suif~ee area or ~wdtvided intaerb of e~c6, and default m ddar renhl p~>meat br one shdl s
.,ot affect tDe ri:hts of otLer leaseLdd owners heieunder.
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9. In the event leasor oonsidm thtt lae~ee bts mt oomplied wit6 aU ib obliptioos 6ereunder, both e:prcss ~nd imP~Ued. lestor shall ootify lasee in w-ritinR.
.•r~inq out specificall~ in w~hat rcspects lessee 6aa brea~ed tLis oootract. Lessee ah~ll tLen hare +Irt7 (80) da7~ aEt~r recdpt of s~Sd notice withis wWrb W
meet ~r commmoe w meet dl or ~aY P~t of tbs breacLet ~llesed by lmor. T6t service af ~id mtice aball 6e pxedeot eo tbe b~in~in of anr action Ar
~resnr on said lease for an~ aws. and m wcL action ~11 be bm+~t mtil the 4D~e of +irt~ (QO) da~s after se~vi~s of socb soKoe oe ~es~ee. NdtLer tLs
~erviee of said ootice mr tLe doint ad a~ ~cb 67 laies aimed to meet dl oc mr of tLe al{eted bteacLes aLall be demed m ad~ni~iou or p~esumptlos Urt
tcssee has failed to perfoim all fes obll~ation+ hetemder. Shoald it be a:seRed in ~r notiee ~iven eo the lesee mder tbs pcov[siom oE thk DwYnOb that
I•-~ser hu (ailed M comptp with a~ny imdled oWtptlon or covenaut hereof thb leue aL~ll mt bs snbled to wnoe~llatioe ior a~ mch aax rioapt ~ker -liad
~udicial ascatammeot tL~t socL hilure edsb and Ises 6as tben beea a~orded ~ re~sonaWe time top~weo t cancrllation bY oomP~Y~R with and SitcharRinK
obliaaHons u to whicb leaee 6as been ~odiciallr dd«mtned to be io defanlt tf tLis lease b canoelMd for anr ams. it sL~ll uevectLdess r~ata in foree
and clfed u to (11 suifiomt ~creage ~m~md e~ch wel! u to wrhicD thero an opsratiom ro om~titute a dcillin~ or maaim~ allowable mit under ~pplicabk
~ c~.-ernmental reRulations tbat in on ea^ent len tLm EM7 acres). such aaeaRe to be darigoated lri lessee ~s aearlr n pnctiqble !n tbe torm of a t4oare
i ~~teral at the wdl. ar ~o soch shape as thea e~stiot tpacjn[ nJes reqaire; ~nd (4) ~n7 Put of uid Lnd induded in a pooled mit on whicb t6~re an oP~-
F r i„ns. I.essee iLall dso hare soch easemaob on said Lnd u a+e neoasa~ to openOom on the acna~e io ~ehlmd.
10. Lessor herefi~ warranb md asreei to def~ead thie to aaid land aKainst tLe cLlm~ of all Pe~wns wboa~we~w. Leoo~s righb aod interrsts hereundm
~++,Il he cbarpted primaril7 with ~ny mo~tPSs. tare~ or other liea~. or interest and othQ ~ on said 4nd, bat leuor aRrecs that lessee ah~U Lave the
~ ~eht at en~ time w p~y or reduce same {vr leuor, ather before or after m~turitr. and be~
; ~•„-:~rnts u~ paid from mvalti~ or Mher paymmts payabk or whic6 may bemme pa~.able to 1en
r~or ~ m~de~ ~~u~e.~ I,~~ ~ ~O m
~b~
j *~,ht en acquirc fnr ib osen benefit. deed~. leaser, ar at~i~mmb mveriaR any interest or daim in saW 1and~6{~b 1~s~e or asr oHrrpart~. ooote~a~b out-
~tandin~c and not mver~) Lereb~ and e~en tbvush tnch ontstandtoR intnsst or claim be fnvaild or adras~ to lersor. !f thb leus covas a ka fahrett ia tbe oil.
»ilph~~r, ~r other mir~en!a in al! or any~part of said land tban the mtlrc and mdiv{ded fee s~de estate (w~hetLer Ienoh inMbtt b 6ereia tpecified or
n~t~. ~r no interest ~fa. then tbs ro7~ltle~. dda~ rm41, and otber maoeys accmms from anr p~rt a~ to whicL tMs lease ooven lest th~n sue6 fnll in-
~~•~s~. :hall be paid onlr rn ~,e wovo,uan ..htcb ~e ineerese che~. H my. ~orered b~ytM~ leare. hea~s to the wrMie aad ~mdivlded fee sfimpls esute therein.
~•t royaltp inte+est cmrred br tLh leaae fwbatber or not owned M lwor) shall be r~ oat of the
wo mfalb 6era~in povldcd. 'Ibis leate sL~ll bs htod'mR oPw~
-rch partr who e:ecutes it rvitLoat re~ard Eo w6et~er it i~ eceatted bf all those wmed Lerel~s d 4~or.
1'. If at, nr xlt~r th~ expiration of [h~ primerv tertn 6etro(, and while t5b leus is in (pp, t6ere is no well on said land, or on lands witL sr6ic6 said
'~nd or anr portirm thereof has heen unitized. ppa};le o( producm~ 011 ur py aed ie~e~ i~ not oooductins opentioos on pId land r•e•o•+ *f {!T ~y law-,
"~ln. *nle a? +e~latioe. (~bet~er or nol u~L~uentfy determ to be invalidl w(4~) ~r ptLer qose. whether simt7~r or diss`unilar, (e~ept (inanciall
w~ncf thr reasoeable oontroi a( leasee. tbe p~arp term ~nd tbe dda> noW peovisiass iwwE sWl be e:oeoded rnt? ty fhst ~nnirers~t~ d~~o 6eneF om~r-
(90) Or mOr! ,da7! followin~. t6! t~sa~al of fneb ddayio~ caase. •nd thit 1l~se m~r be rstended ttie?ealStr ~1! ~~~i0~~ Y If ddaT Iwd nM
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In the event af damages to the surface of Lessor~ s land, or to Lessor~ s graves,
trees, fences, roa.ds or gr.ar~ng crops, praocimately caused by Lessee as s result of
Lessee• s operal,ions on the land cavered by this lease, Lessee at its optiat~ trill
~ either pay Lessor for such damages, or irill, insofar as is reasonai~ie practicable,
rt restore the property to the same condition as it xas before operations xere begun.
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~ The Lessee agrees that, upon the laxful tezinination af this lease it xill, ipon
j xritten aequest. eocecute and cause to be recorded in the Public Records of the
~ respective counties, an appropriate instrument in writing releasing this ldase.
~ ~OFFiC1AL RiC~~:~ ~.~'S~ : ~:3 x
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