HomeMy WebLinkAbout2635 T':~.~1 t~ .
ni l., r:1ti ; .`!I':1.T;:11. l.i.:ltii.
i~or tli~~ l~url~~~c~ of .!~~terrinins t?,~ amo~~n*, ^f ~n~• moile~• r~~•m~nt i?ereuiielc~r~
~iot~.iti~stanc~inb aii~• ot:~cr I~ro~•i~io~i to t~~e ~~:~tr:~r;• 1~er~~in, i.cssc~e ma;•
~!educt or ~.:iti~~~ol,! t~~e ;~~,~~unt of ai;~~ rr~~'~~cti~r., ~e~•,erance~ ~;it}~h~lciinb
,i~i~l ~ti;er tax or taxcs al~Flicahle t}iereto, in ~,i~i~~~: ~~~~nt ~t:cl~ in~r.e~•
;;~e~it i,~acle or t~n~tcrc~~l ~hall ne~~ertlieless l~e treate~' for pi~rposes of~ tt?is
l~~ase a~ ii;~vinb inclu~ieu :~n~• ar.:ount so deductec~ er ~:itl~hc~l:l. Tn case of
~!ispute or liti~ation as to the ornershi~ ef or title ta t}ie rentals,
ro~•alties or otlier pa;-r~ents i~eret:~ider or l.ess~r'~ or I.essee's title,
i_~~ssee jaa;° ?.ithholc: Ya}•s~.ent of rentals, royalties and other payments
iiereunder ~;it~iout interest until final acijudication ar other settle~cnt
of ~i:cii c)ispijte or litigation and imtil sixty (6(~) cia~•s after Lessee
siiall ha~-e recei~~ecl e~•ic?ence satisfact~ry to Lessee of the ~ettlement or
adjuclicatien, :~;itliout any ir~p~irment of l.essee's rishts ~mder Lessor's
~.arranty of title, it i• a~rcec' that if I.essor o~+ns an interest in the
lanci les~ thai~ t3ie entire fee sir?~~le estate and r~ineral and ro}~alt~~
ribhts relatinb t~~ereto, t;ie rrntal~. royalties~ and nther rayments to
t~e paid or tendered ;iereunder siiall be redured propprtionately and all
eutstanding ro~•alties siiall t~e deducted from tliose herein ~?rovided.
Tlie rentals, royalties and otlier payr.~ents herrin rro~•ideci for ~iave l~een
c~eteri~inec3, ~:it~~ respect to the entire fee or rlineral estate and t:ie
fact that t}~is lease n~i~ht purport to cover a less interest sliall not
c?efeat t~~e ribi~t of Lessce to reduce t~ie rentals, ro~•alties and other
~a~•i:~ents as al~ove pro~~iclrc',. Failure of l.essee to reduce rentals sliall
not constitute a?:ai~•er of its ri~i~t to reduce royalties or future rentals.
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1~. 1'iie breacii by Lesse~ of an~• obligation arisino hereunder sliall not
~:or;: a f~rfeitl~re or termination of this lease or cause a termination or
re~•ersion of tlie estate hereby created, nor be growlds for cancellation
iiereof in ~:hole or in ~art sare as herein ex~ressly pro~~ided. In tl~e
a~•ent t3~at I,essor considers tiiat operations are not at an~~ ti..:e being
c~nductecl in co~.?pliance ~~ith this lease, I_essor shall notiEy I.essee in
i ~~ritin~ of tiie fact reliecl upon as consitutin~ a breach iiereof, anc'. Lessee,
if iii uefault, s3ia11 }iave sixt}~ (60) days after receipt of suc}i notice
~ in ~:liic~~ to commence tiie com~-liance M•iLh the obligations imposed by ~~irtue
s of ti?is instrur~ent. \either notice nor attempted cor~pliance sliall be e~-i-
; ~lence that a Lreacii has occi~rred. The service of such notice shall be
= precec'.ent to tlie brin~ing of an.- action ::y I.essors on t}iis lease for any
' cai~sc;.~, arid r.o sucli actien siiall~ be brot~~lit »ntil t}ie lapse ef sixty (60)
S ::a~-~ aftcr ~er~~ice of sucli notice on I.essee. In case of cancellation or
„ tt~rr~ination of :iiis lease for any cai:se, l.essee sliall ,~a1~e tlie risht to
~ retain vnc~er t::e ter~s :~ereof around each oil cr ~;as ~~ell producing, bein~
~ :,~~rkecl on er c?rillins here.snder tl:e ~^axir~um acm. ge allecahle to ~ach such
~ ~~ell as fi~cci t~;: t~ie rules of t}ie aprro~riat~ ~~rernr~ental r~~;ulatory t>ody
r3i~plir:~'~Ie to suci~ i~.cll or ~~~lls, L~i:t in no erent less t}ian t~~ent;~ (~0}
~ acres. ~oti:~:ithstanciin~ ar2~• ~artzal cancellation or release of acrea~c~
~ rc~~•erec? l:erei~}•, le=see r~.a}• retain si~c}~ existing roac'.~~a;-s, ripe ]ines and
~ other easer~ent~ u~on such cancelled er released landc as are necessarv
~ ~r con~-enient for L~ssee's operations on lands retained l~ereunc?er or on
~ ;ands poolcc~ H-it}~ suc>> lan~, or an;• ! art t.lereof.
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~ 11 . :;li:~n ~'ril I in~, proc'.«ction or otiier ol erations on said land or land
~ p~ol~u .~it~~ suci~ lancl, er an~• ~art thereof, are pre~-ented, delayed or
interrupted vy lack of ~~ater, labor or r~ateri:~ls, or b~- fire, storm, flood,
~ ~~ar, retellion, insurrection, sabatose, riot, ~trike, c?ifference 1~ith ;
~i ~:or~ers or failure of carriers te trans~ort or furnish facilities for
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transportation, or as a resi~lt of some la<<, order, ri~le, regulation ar
nccessit?• of borernr.^,ental auti~orit}•, eit}ier 5tate or Federal , or as a
result of an}• cause hhatsoe~~er Ueynn~~ the reasonai~le ~ontrol of the Lessee,
the tii~.e of st~ci~ gre~•ention, delay or interri~rtion shall not be countec~
asainst Lessee ancl tliis lease shall l~e e~tenued and continued in full
~-Y~ force anc3 effect during such tir:e; nor shall l,ess~e l~e liat~le for dar~ages
for failure to ccr~~l;• a-itn exrress or ir~.plied covenants of this lease ~~hen
drillin~, groductian or ether o~erations are so Prevented, delayed or
interru~?ted, anything in ti~is lease to tl?e contrary noth~:•ithstanding.
F''~3 BcoK 197 v,tc~2s~1 _
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