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f. The DreaeA by L.~see of ~e~ oElisation Aereunder ~A~II not work ~ forfeitun or terminatioa of tAi~ le~se nor bt qwe for uneellalion hereo~ iA Abolt
„r ie p~rt wre u Arrrin eiprwal~ pro~idaVl. If tl~~ uElis~tion •huuld rMUirc tAe drillint ot a wrll or wdb. I.erce ~Aall M~e alnet~ ~+1s ~tter !M
ree~iDt of ~ritun notieer 4> l,easee frwn I.e+wr ~petitkaly ahtint fAe b~ertb ~lleYe~ pr I,esaor ~1tLin wsi~~ W Ee~ie oper~tiou~ tor tAe drillint ot ae~ ~otA
acell or rell~: ~nd tAe only penaltr (or t~ilure w w do ~Aall !e tAe termin~tion of tAu lease uce u to fortp (401 aerd fo~ areb well Dein~ ~orked oa or
pruduciae oil or ~u, to Ge ~eleeted E> l.~sue so tAat oacA [ort~ ~~01 aere tnct vrill em~nce one ~oeA wdl. After tAe di~oo~M ot oil, ~u or otAer minenl
~n D~)"~n= oua~titis on saiA promise~, I.essee ~hall rrasoa~Dl~ de.-elop the ~errre retained henunder, Sut in di~eAar~ia= ~ir oWiptioa it ~A~U i~ ~o ~rent
~e repuired to dcill mon Nae onc ~ell per fort~ 1~0) ~ens ot the arati re'.ained Aereunder ~od eapaWe ot D~'adueiut oil. ~u or otber mt~et~l is yyins
quantitie~.
10. I.ewo~ Aerelr warr~ab a~~d asres W detend tle titk to wid I~ad ~ed ~rw tlut Lwee at ib optbe aW di~elrrp ~a~ t~, morts~te or otAer
tien opon uid tand. eit~er in rAole or is D~?t. •nd io eweat Le~c.~r doe~ ~o, it ~Aall be ~ubrot~ted W~ueA Ilen witb ritst Oo eatQre~ ya~e ~ad aDVb
nn4b •nd roy~ltia ~ecruinj hereuRder toward satulyint ~ame. Wltlaut iaqirmeet ot I.wa~'~ risAb oeder Ut w~rneb ~s e~ent o[ hilur~ o! ~title. N
ia yreed that if I,es~or urru aa intere~t in ~aid land IeM tAaa t6e entirt he ~imple sLt~. tAen tAe eofaltMr ~ed rNtaY to bt y~W Iw~wr ~lall !e
redueed proportionatelr. F~iluro of I.a~see w reduet rent~l paW Arreundrr ~6a11 not Gap~ir tAt ri~ht ot I.w~e fn ndue~ rqaltir. All ro7~b fattrst
eorered bf thu le~ IwhNAer or eot o~aed sy Ie~wrl •Aal! be paid out ot tse ~o>alb Sereia pro~ided_ '
~ 11. 3Mwid Lwee pe Dra.•ented trom eompy~nr aith an7 eapn~sa or implier! eoren~nt of thu leue, iros enaduetin~ drqlins or nROrkias oper~liom
tAereon 4Z~ftom producin~ oil or tu tAeretrum D7 reawn ot uareitf of or inaGilit~ w oatate or W v~e eQUlpmmt or material, or e~ oper~tiaa oI loree
~+:~i~a~ os Padeeal or .tate la~ or an~ order, rule oe rKulatba ol sovernmrn4l ~uthorit~, then while to pre+ented, I.e~~te'~ oaliptba b eospt~ vitA sneA
1~ yesded. and I.eyee ahall not De Iii01e in da~es for f~ilurc W eomDl~ therewith: and t6i~ 1tYt ~A~ll oe e:teaded ~Li1e and w bn= r
I~ 17 RnT sueh e~wr frorn conductinr drillio~ or reworkin~ opentioru on or from producine oi! or [u teoee tse Icfsed pnmisp; and tie
' tiay R ti0 Meyrt~ted ~lu11 not be e~unttd •Qain~t I.easee. aaTUins ia tAir lease W the tontnn not~ritlutandiat-
) A .3~a? ~ Iw+sor. tor Aienelf •nd hi~ hein. suecwson ¦ad ~airns. Aerebr ~urnnden and nlease~ dl rt~AL ot soawsfud in ~e preaii~a
said riehb of homrstead ma~ In •ny w~~ atfeet tAe Du~D«e !or ~hteh tAir leue is rnade u retifed Lereia, and atres
tda r~~~i~lSenetwt rratal paxmmt made w Leror u herein prcrided RjII LYII7 DiO~!!~ ~tY lea~e v b the [uU i~Lensb ot tAe uadenitaed.
SOT, t6i~ in~trumeet i~ sisned. ~ealed and delirerad on tAe date tint aEo~e written
w . ~O
w ~~T y.~ CON OLIDATED-TOMOKA LAND CO.
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~ Sigti~d~~sea~~and delivered .
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; STAT E OF F LORI DA ) ~ ~
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~ COUNTY OF HIGHLANDS ) ~'7~1
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_ I HEF.EBY CERTIF~' that on this day. before nze, an officer duly
= authorized in the State and County aforesaid to take acknowledgments,
personalty appeared J. F. HOLSO\BACK and PATRICIA LAGOtiZ, ~vell known
to me to be the Vice Presidcnt and A~sistau; ~ecretary respec:ively u: the
corporation named as Lessor in the foregoing instrurnent, and that they
_ severally acknow•ledged executing same in the presence of two subscribing
- witnesses freely and voluntarily under authority duly vested in them by said
v; corporation and that the seal affixed thereto is the true corporate seal of said
corporation.
WITtiESS my hand and official seal in the County and State last afaresaid
.3 , . .
this 3 day of July. A. D. 1971 . ~
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P ~ / %t r :i~
f~~K1~6 ~a~E1493 ~
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h_. P,,' 1.. ~ a t! CeT4~
A"y 'L~r,~.r:.s~ :.n E~,: ~ .b 19N
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