HomeMy WebLinkAbout2633 1` \C'I ~i .
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~f ~-)~~lT~~t1~1P.~ i~(~T i~T:~~ITI~ :~re t1Ct CCI.''~;.:(`:l~t'l~ ('13 $;11(~ 1~311t~ f~I' C~Tl :iCTC3dC'
r.~,~~~~~,' ~uc'; 1as~~.:, .,r a:i~~ ,~ar-: *.?:~~~~c•~f, o:~ or I~t~for~ oi~~~ ~•~,~r f*~~~-;
i.tla .~:i!c' L.:1; ~~'~1~C` ~~l:ill t~1C'I: tC!'l.;lI.:ItC` ~i~ tC` L`C~tli ~1TL1C'S~ tUllE~S Qil
t.t•<<~rc ~l1t:l 1I1I1J\"l'T~~T~' i~?L~'. -.::i:~ i`1' :~l1.IlT t^ ._c:~tiOT'S
_~i~ tc t~:, cre~':it i.~.:~~r ii, ~t. Li~cie ~o~u~t~• i~an~. at i't, I'ierce, F~~ricla
,~..::;ci. ;;::,r. an~'. its ~ucce~sor~ arc L~s~~r'S a~ent ar~3 s}:all centin~~e ae }
t:li' ciC'~:~_~~itor~• f~T ~l~l TEllt~ll~ ~~;1~':~i'~l' ~1C~rettn~?cr revarc'IE'Cti Of C~lc'~I?bi`~ 1~1
c~~~=.i~~r~.~i~: of ~.ii:'. lar~~ or t:~t~ rei~tzl~) ti~e ~tir~ ~f Fourtee:: Tii~itc;~.^.;1
.....tt•~c•. Four ~~~~I1ar~ ;$1~,.{)a.C~t~) ~i~erein callec? rer~tal), ~~:~:icii s:.all
cc,~•~~ r t ~!t• j~ri ~ i. ~ b~ c.~ deferi-inb COi;;lllellCE•r•eni ~f .Ir: I l i T~o oFerat i ons for
a pc~ricj.' ~f ta:el~~~~ ~1.:; rea~tlic, In li}.e ~:at~i~er, ar.c] iiron li~:e pa}•R~ents
:~r t~~~i,'t~7~ti 3J1IlUc''.IJ\' Ltle car~?~e?1c~.~i,.eI1L of c~rilli~in o;eratior.s ma~• furtli~r
c'.ef~•rr~~cl fc~r ~ucccs~ i~•e ~ erio.'G of t~•:el~•e (1~) r~:~nt?is eacii durinb LIie
i~' ~r•- ter,.,. :i~~ ~:a~-r~.:s~t ~r ten~~~r oC i-c~;tal n~ay t,e i~~ac'.e L~~• cl:c•r~~ r~r
c: r~ c~'.~ t c~ i: t~ s~ e e n. a i i e 4 t o 1_ c s s e r a t St. I,ucie Co~unty Banlc at Pbrt Pierce, F],orlda,
or c':eli~~ercc' te iesser, or ~:~ailecl, ~r cleli~-erec' to saic' Lan~. ai~ or ~~efore
~uc:~ cate of r~a~•~r~eni . If sucii banl: (or anv successor Uank) s}ieuld fai 1,
lic~t:i~latc~ or ~e succee~?ecl l~~• a~ioti:er ua~l~.,~ or for an~• reason fail or
refi,~e to accept rent~l, Le~see s};all r,et i~~ :?elcl in c'.efauli for failure
to r~,a?.e st.ci, pa~•~~;etit or teric~er ef rei~tal until t}iirt?• (3(~) days after
~_essor ~iiall c?eli~~~r te Lessee a rroper record3t~le instrur~ent, nar:;ing
aiioti;er ~~a~k a~ a~ent to recei~•r st~~ii 1 a~•~ents or tenc3ers. If sucti banl:
c:iaroes er ueclucts a fee for actin~ a~ a e'ei asitor~•, s~scli char~e s~iall
~~e i;orne L>~• L~s~or a~~.? sl~all iYOt affect t}ie ~•alicaitr ~f the leasc. Tiie
~!u~~:n casi: ~ 4}•r-ent is CC'IIS1c2C'T~it2012 fer tliis lease accorc?in~ to its term~ and
an~3 si:a1: uct ~e ~~locatecl as r,i~re rental for a~erioc?. Lesse~ .~.a~• at
ari~- tir,:e or tin;es execute ancl ~leli~-er to Lessor or t~ ti~e desi~natecl
c:c:~ositor~• t>a~~l., or ~~lace of reccrd- a release er releases corering an~•
Fortiori or portioii~ ~f t:ie laiid corered i~ereliy (er any one or more
~ones , fcrr:atlQI1S , or sut~staiices t):ereuiider) aiid tl:ereb;~ st~rrencier tliis
leas~ as tQ ~uc:i ~~ortion or rCrtions a~i~ ue relie~~ec? ~f a12 obligations
in ceni?ectien il~ere~tiit:;, anc; t:~ereafter the rental~, if an~-, na}'able
~ ::ercyt~ri:'~r ~i?~Ii :;e rcclucec' in ttle ^ro~ortion that ti~e surface acreage
; co~~cred i:er~~::;• i~ rec?«ce~t said relcase or releases.
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c. If ~t ai~•. tij,~e ~r Llitit'.~ during tiie primar~• term I.essee abandons a
~;ell as a ur~• i:ol~ on saic lar.~i or land ~ oolc~cl i•:it~: such lancl, rr any
Fart t:;erc•of~, or i~ j I'nC~i+Ctior~, ha~~i:io once i~een obtained therefrcr.j,
::::ot~l~ ~ea~e frori ~n~• cause, aiid ;r in either case t:iis Iease is not
~t:~er~•:i~e ~,.aintainEc':, ti:;~ l~~ase sl~~ll T~~~~-erti~eles~ re~^ain in ferce
if l~ro:i~actioi~ or GrCT8L1pI15 for c'ril2ir.d ar re~;erl~.in~ cr~ sai<? lancl or
,
Ic'~.P.c. ~,C•t~~~~ 1 q,iCii S1'~_ii Ic'II:c~~ (~T F11?l-' ~~3J'~ r'iCTEC{, are c~^,,~t'P.CCt~ CT
TE'~~'•".'t'c~, ~"'T' ~~)',;:t,';ij ~'1" LE'11('i T{>{ TC`~2:~IS 15 COI;:j~~encee' CI re~umec'.~ OP.
or ~:..~r:: tt.e r~::tul ; a~•ir~ c'.,~?c~ iiext c,~sui;.b after ti;e ex;~i : atio;i nf
ni~,~•t;• t'.a;•s fr~~r• t:~e c'a±c~ c~f at~~nc~or.ment or. the ~~ell as a dry h~le
; ~r ~=.~:;satian of procl~i;tior:; ~rv~•ic?ec'., tt.at no rentals ~r ~rerations
` ti:~all ~~c :i~.:ces~ar,• t~ r:.aintaiii t;~i~ lcase for t;ie rer~ainder of t}~e ~ri-
i r~ar;- *.c;,~; if 51iCt. ~bant?~>;~r~~ nt of ~;~~~i ]_as a dr~• Iiole or cessati~n ef
r reduct ic~n ~~cc~~rs ~~i±i~ii~ ~iinet~: (~3~; ~ia;•s Prior t~ or durinb the 2ast
t•~~:a r ~r t i,,• j ri~:,ar;• tc~r~r. If st:c}i at~andanr~ent of a ke? I as a c!r;~ :~ole
~~T~ ces~ati,~i3 t:TOe:LiCL2CI1 occurs i~it}iin ninet;• (~0) da~•s prior to or
at ar.;~ :ir,:e :~fter t:~.e ex~iratior~ of tiie ~rirar~• term and tliis lease is
r~t otl~er~,ise 1' ~lI~L'd211CC~, thi~ lease shall ne~~ert~?eless rerain in force
if I~~ra~?ucticn or c~~c•r~+tion= for ~'ri]]in~; or reh•or~.ina are comr^enced or
resur~c~c? or. saic :ai~~# or land ;~oelecl i~itii SUCI1 land, or am- part thereof,
~~it:,iri I11J1CtV (`_'t;) da;~s a{ter s~~c:i aL~anc3o~:r~ent or cessation of produc-
ticr:, l,i on t:~e ex; iration or t}~e j~rir~ary terr; or at any time or tines
tnere~fter ~.i;en t~~is lease is not otiier~;ise naintained, tliis lease shall
r~;.~ait~ i r? .orce so lonb a5 ai-~}• operat i ons for c~ril l ing or rek•orking are
~?roseci~tcu on saic' lanc' or larid ; oeled h-ith suci~ land, or any part thereof,
t,-it:~ no ces,atioti of rrore tj~an niilet~• (9~) consecuti~•e da~•s, and, if tjie~•
resi2lt in ~rr~cl~,rtir~n of oil, ~a~ ~r oLlier mineral, so lonc* a~ oil, gas
or otl~er ~.~in<~ral is ~roc':uceei. L~~ssee agrees, regardl~cs of ti~e circum-
st~ar?cc•5, tv ;,~~?,e: a minimizr; of t;?ree (31 aT~nual in~tallment~ an this ]ease. ~
r:~~r,ta3s anc; ro}-alti~s ; a~•r..c~nt~ ~':ali i•e ; rorated a~ tc~ tl~e actual interest =
~f e~c:l cf tr:e l.e~ssor~ .
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