HomeMy WebLinkAbout2634 - '
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ln ti,e e~•ent a ~:ell ~r ?:ells rroclucing oil or g~s in raying quantities
shoul d l~e broug~.t in on ad j acrnt 1 and not r^orc tl.a~~ fcet f rom and
c':rainirib tlie leasecl prer~ises, Lessee asrees to c'rill s~:~:? offset ~.ell
or ~:ells as rcasonal~iy rrudent operator ~•euld drill under the same or :
~in:ilar circui..starice~, l~hei~ reqt:ire~' l~y l.essor, l.essee ~~ill bur~• pipe ~
li»es belo>> orclinary plo~~ de~~t~i an~' ra ~ dama~e cat~~e~ by Lessee's opera-
tions to gro~~i~i~ cro~s. Lessee stiall ~iave tlie riglit at any time c~uring
the term of tiiis lease ~r ~~ithin one ~•ear after the termination of this
lease to re~~jove all properties and fixtures p2aced by Lessee on saici land,
inclt~dinb ti;e ri~iit to dr~~. and rersio~re all casin~ ~:}iettier frnm producinb
or lion-produ~iii~ ~:ells. ~~ell stiall be c?rilled +:ithin t~.~o :iiindrecl (200)
feet of ti~e principal residence n~h on said lanc! ~.itliout Lessor's consent.
S. Ti:e ri~:zts of either part~- h~~reunder may be assione~l in ~~hole or in
part, anci tlie pro~~isions hereof sliall extend to t}ieir '~eirs, successc~rs
ai~; a;sions , but no clianse or di~~ision in the o~:nership of tiie land or
reritals or ro}•alties or oth~r payr~ent iiereunder or to t3ie riglit to recei~•e
sar.e, hoti:e~•er accomplished, s'~all operate to enlarge the obligations or
c'ii~:iriisi: tl~e rigi~ts ef Lessee. \e change or division in the o~~ners}iip or
rio:~t to recei~~e rentals, ro}~alties or ot}:er pa~•ment liere~~nder shall be
~ir.dino uron i.cssee for an~• ~ur~ose ur.til sixt~• {60) da~•s after Lessee
~iiall i~are Leeri furnis.ieu at i.essee'~ office at i'. ~ox '2S0, Dallas,
;cxas, ?~~t~J, ~,it'r~ dt:l•• recardcd instrtir!ent or instr~:ments or certifiecl
co;~ic~ ti:erec~f ~r ~tl~er~ l~~;a12~• a:lti~e»ticatecl ~:ritten e~•idence of such
C:;~iI1bE• c~f o~.ner~}:ip satisfactor~• to I.e~sce. In tl~e e~-ent ~f tiie death of
an,~ ~er~or+ entit?c~1 to Fa~-r.~rnts }:erctn~der, I.essee ~^a~• ra~' or tender such
~~a}~~,,:.~nt_ ~o tl~e ~'eFositer?• L~ant. ta the creclit of t.ie deceasec'. or the estate
of ti~e ~:~~cca~ec~ c:ntil such tir.e as Lessee i~ furnisl~ec': eridence sati~factory
t o Le~see of ti?e apgointn.ent and qual i fi cat i on af an ~xect~tor or ad~rini stra-
tor of t:~e estate, i f t~~ere be one, and e~•idence satisfactory to l.essee as
to thc heirs or de~-isees of t'ie deceasec?. If at any tir~e ti.o or more rer-
~ _ons ar~ ei~titlecl to participate in j~ayr!ents hc~reunc?er, I_essee may ray or
; tender suc~t ga;•Tt:ent~ jointl; to suc:l rersons or to ttieir joint crec~it in
` t}ie depository desi~nated }:erein; or, at Lessee's election, the propor-
s tionate Y~art or ~arts to ~.}?ic~~ anv ~,articipant or participants may be
t entit2ed i;~a~• be paicl or tendered to such participant or narticipants
` serarate]}' or to tiieir se~arate crec'it in said cieFository; and payment
~ or tencler to an~• ~artici~~ant of his ~~ortion, jointly or separately, shall
r;iaintain tl~is lease as to suci~ participant. In tiie e~~ent of assignment
; ;icreof in H-liole or in ~~rt , lia~ i l i t;- fnr i~reach of an;~ exPress or imrl ied
~ ohli~ation iiereunder snall rest exclusi~~el~• uron tl~e o~:ner of t}iis lease
~ or Uf a portion tjiereof w}io conmits sucti breach. 1n tlie event of an
~ asciarz~:ent of this lease as to a segregated rortion of the land, the
~ rentals pa;~able iiereunder shall Ue appor*_ionable as betheen tlie se~*eral
~ leasehold o~:itiers r~tahl~• according to t}ie surface area of each and default
~ in rental payr~ent by one shall not affect t}ie rights of other leasehold
~ o~:ners hereunder. I~rillin~, rek~~r~.in~, ~roduction or ra~•ments in lieu of
3 ~roduct i on nn any j~ort i on of the 1 ands co~~ered by thi s lease or on land
~ roc~2ed ~~iti~ suci~ lanc'. or an}• ~+art thereof shall inure to the benefit of #
~ the okners of tiiis lease and of any and all rortions tl~ereof. '
~
_ I.e~scr hereh}• ti:arrants anc': agree~ to defend the title to said land (to
the extent of the interest rur~orted to t~e co~~ered t~~~ tiiis lease) and ,
abrees t}~at Le~~ee, at Lessee's option, ~:a~- rurci~ase or discharge in ~•hole `
° or in ~art an;• tax, mortga~e or other ]ien uPon said land and thereuPon ~ie
= ~~;i rooated to tiye ri~l:ts of t},e hol~er thereof and ma.• arnly rentals and
= ra~•altie~ ,~a;•al~le i?ereunder toti;ard satisf}•ing same or to~.~ard reimbursing
- l.e~see, ancl l.essor furtner a~re~s that the interest of I.essor is and at
- al l tir~es si~all ~e and remain j,ri~ari ly liable for such lien indeLtedness,
- at:~ t~~at in anv 1 roceedin~ for the enforcement or collection thereof the
= i<<terest of thc Lessor s}ial] I~e firet ~ubject.ed t~ tlie j~ayr.ent tt?ereof.
~ s 6~~K 197' 26~0
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