HomeMy WebLinkAbout0175 k
. ~
!
, ~ `
4
~
4
. i
'-'.~f~l~ TATE OF FIORIDA
~ Y ' Tl,ARY
_'y ~ SUR TAX SUR
x
z
. 'r`~;' ~~.10 ~~~.Vv
~ ~
~
~ It L ih~ lntrn~lon W Iaaw ana lsasee ptat tAls le~st atull ~lw Include. am tAera 4 6ereD7 fneluded. [nnted. lt~~d ~oA Nt. tar tLe WrDOa~ aoA consWentbo
~ nenln atated. ~L tM IanA o~ned or d~ImM bf Lessor. ~dl~aat or aontl~uou~ to tte t~nd Wnlcularir CacrlOed ~Oa~e. ~betAet t!~ ~M M In r10 ~eetbn ot Kctloo~,
~ra¢t or ~c~nta. or ln Wl~ecut ~ectbos oc s*~nts. s1tl~w~t~ not fndu6ed ~1tNn tDe LounOatks ot tM Lad 0~1cuLrb dervlDW ~lo~~. . l~er tae puvoK d detsrmlelns
~ne amount N anf mooq O~Jment AereunAer. lhe I~nAa 6enln de~er/DeA ~l~all be 4sated ~s comDrlslnt...~~'.T.I~Y_.V_-----..~.__.____._..~em. ~hNh~t tMn 4c more
E or ~ess. ~nA ~a tAe e~snt d• o+rtW aWt~at or surrender besensder. tM aWF~e'd or wrrenderw vatloo ar oatlaas a1Wl be Mea~d a contaln tM nua0er ot ura
~c~tcd ~n sueA ~asl~nment or surnader.
2. SubiKt to tAe otAer D*'ovi~ioe~ 6ereia rnntained. tAis leue ~6a11 be tor a term o( tea r~n from thi~ d~te (ealled 'brimar~ term") and v lont
there~tter u oil, gas or ot~ez mineral i~ Droduced tmm ~aid land or landr wits ahieh pid laad "u pooled be~eoader.
The ro~~ltKS W be D~id D~ I.csste are: la) on oil, onc-ei~hth of th.at Drodueed aod sa~M from uid land, the ume W be delivercd at the welb or
to the ere.lit ot l.assor into the D~D~ line to whieh tMe welb ma~ D! tODOKLld' IA71t! noar fmm ti~ne to time punhasc any ro~ralt~ oil in ib pcasession,
payine the m~:Yet priu thentor Drrraiiint tor the tield where D~odueed on t1:e dwte o[ Durehase, in eitha~r ease tueh int~mt W brar ita proportion of an>
e~pensr o[ trnt~n4 unmerehaatable oil W render it merchaatable u erude: (b? on [a~, ir.dudin~ euiashead cas or other e~~~ ~ub+tance, produeed
p~
trcm ~aid land and w~d oc r.~c1 o[i the D~~+ ot in t6e m~nuiulnre ot s~line or oth~r D~uet thcrelrom. the market ralue at the well o[
onc-ei~htA o[ the Qa~ w wld or ~-red, Drorided tL~t oe Qu wld at the velb the rorater sAall be oae-ei~hth of t!x unouet re~lized from suc6 sRle:
` wM.re Qaa trom ~ ss~ ~ril ia not wld or used. Lcaee mar D=1 u ro)aH1 l100.04 pec wd{ per 7ar and it ~ueh yayment i~ made it ~cill De eonaidered tlut
f ea~ is bein= produc~d witAiu t6t me~nint of PsratraDS 2 liereof; and le) on all otber minerab miaed and msrkcted, one-t.oth eit6er in kind or value
at the soeU or mire, at I.~aue ~ dectipn, e;upt that oe ~ulDhur miocd and tn~rketcd, tht royalt~ ahall be fiftT cenb ~60e? per bnY ton. Leasee ahail Dave
{ f~ee use ot oil, go, eoal, wood aad water from said land, e:eeDt water frnm I.wor'• welb, for all opentions hereonder, and t6e tori~~T on oil. 6as and
i c•,al slull be comDutod a(ter deduetins aor r~ wed. Laswr ~Aall ha~e the DririlKe at hia ri~k and e:p!n~e of usinc gas fmm anr ~ay Re1{ on tuid
f lnnd fo~ ~toves ~ad i+uide •{iahL in tLe~Drineipal dwellins thereoe out ot aN ~urplus ~ oot ueeded tor opentioru 6ereundcr.
f Les~ce, at i4 optioa. b hens~ siren t6e ri[ht and yower to poo! or combine tLe aernsc eo~ercd b~ this Itase or an> yortion tl:craot with other
i Iar.d, leaae or l~ares in the immediate fieiait7 ~6~reof. wlxn in Lenee's judsn?eut it i~ neensar7 or sdviraDle to do w in order propcrly tn drvelop and op-
. rate utid Dremise~ in comD~~anee with ~ny la~c[ul ~paeins rules whie6 ma~ be preseribed tor 4'ee field in whieh this lease is sitwted Dr any dulr autl~oriud
i ~
~ nuthorit~, or wAea to do w would, in t6e iudement oI I.c+~ee, ytmoote the eoiucrvition o! tS~e oil ind sas iq ~nd undet nnd that may ee prodcecd trom
eaid premises. l.e~see ahall exeeutt in w~ritint,an inst t identifyias and decribias tht Dooled aenate. 'I6r entire aern~e w poo1M ir.W a tract or unit
sF.nll be treatcd. [or all Ourpose~ e:eept the D~7~ent ro1~INes oR.~prodyetion trom the pooled uni4 u it it wen inelude.i in tiiia leas:. If Droduefion ie tound ~
,n the pooleA ~creaQe, it ~Aall be treat~d u if Drodue " n i~ hid trbrd tSN Ikue. whet6er the wdl or w~dl~ be lonted on tAe Drcmisn corered b~ thi~ Icau or
not in lieu of lhe ropalties elscwhere herc:n speci[ied, Lrswr sF~all rcecive on yrodcttbn from • unit w pooled onl~ aueh portion ot tAe roya!ty NiDUlnted
herein as the amonnt of hi~ ternse pluc+l in thc unit or L?~ royRlt7 ~pkmt t3rrein on an urease pasir Dean to the W41 aereaFe so pooled in tAe particular
unit ipvolvcd.
6. I[ opcrationa foe dritlint ~*t not ewnmenced on ~aid land or oa aere?Ze pooled lherewith u above provided on or betorc one yar tran thi~ date
' the lease ~hall chen termieute a~ to both D~rtiei, unlna on or et(ore ~ueh aaoi.•ersars date Les~ee ~hall ya~ or tender W Lcssor or to the eredit o[ Le~wrf
~ Mi
'!he G'irst 23ation~l Rank O_ ~2.T!1~ Bank .e M~a?~ ___~3zai Fbrida '
~n - -
~~.~hich b-rnk and iL sueeeiww are I.e~sor'• aCeat and ~Lall cootinne w the deParitor7 foc all rentab y~~aDfe heTCUnder reeardla I ehaases in owne»Aip
'~aenty One ~ousand Four L'ui:dred Seventy Five anr~ tbll(}J
oi eaid laad or eLe reatah) tbe ~nm ot--- Lo1Ln
(=~~_~1~I1~~~___.__), (Aenin called renfal), which ~h~ll eover t6e Drivilere o[ deterring epmmeneemcnt o[ drillia~ opentions tor a yeriod oi
t.cetve (t2? mont6s. In like m:nnet and upon like payment~ w tenden annoallf the oommeneement o[ drillint operations rn.ay be further de(erred for ~ne-
ces~i~e DuiaL of twdre (12) rnonth~ each durin= tlx Drimarr term. The paTment or ttndcr of rental may De msAe by the eAeck or dn[t ot I,ea~ee mailed
or delivered W I,essor or to ~aid banl on or be[ore ~ueh date ot pa7ment. If wch Lank Ior an~ aueeessor Dank) ~Aou)d.fail, liquidate or be ~ueceeded br am
other baak, or for aa7 rcawn lail or rctwe W~eeeD~ nntal, Les~ee ~hall not be held in defaultl~r f~ilure W make ~ueh D~Ymeat o~r tender of rmtal antil
thirty (~0? daY~ after I.essor ~hall deliver W l.es~et a proper recordtbk iaetrumeat, naminq ~oother Dant u stent to reeri~e ~uch payment~ or tendrn. TAe
down eash Darment is considentiun lor thu Inse ~ccordins ta ib term~ and ~6~1t not be ~llocate.l u mere rzntal tor • per:od. Lwee ma> ~t aar time
cr ti~»e~ eaeeute ~nd deliver W I.essor or W the depository ~Oove named or yl~ee ot rccord t nleue or r:leyca rnverins any portion or porlion~ ot the abo~e de-
.criDed Dremi~+e~ aad tbereb~ surrcaJer thie kue u W~ueh portion or porl'ar.s and be rcliered of •1: obtiRatans a~ W the aerease ~urrendered, snd there-
efter the ren4b yayable hereuader ~Aall be rcdueed ia the Droportioa that the acrcase cQvereQ bereDy is tedueeA Ay ~aid releue or rekaaes.
6. If prior W diseover~ of oil, eas or olher mineral on ~aid laad or on net ea~ce pooled tAere~ritb lw~ssee ~hould drill • dr> hole or holef thereon, or it
after di~coverr of oil, ~as or other minetal, the D~uetion thereo[ •bould ecue !rom any cauae, this leasw aMll not termiaate it Lcsate eorameaees additional
driltint or reworkint operatiom within 60 ds7~ tderqttcr or i! it De wiihin lhe Drimarf term, eommmecs or re~nmo the pa~mcnt or te~der of nnGb ot tom-
mences operatioos tor drilline or renorkins on or Aetore the rentnl D~7~n~ datr ne~t ensuins ~fter the expiration o[ 60 d~y~ lrom date of eomDlction o( dry
hole or edeation ot produetion. lf ~t aay time suDsepuent to siib l60) day~ prio~ to tAe beQinnins oi the 1ut year ot the Drimar~ term ~nd prior W the di~-
coveey ot oil, au or ot6er minenl on ~afd l~ad, or on ~crea[e pooled t6erewitb, Le~xe ~bould drill a dry ADIc thereon, ao rcntal D~1~nt or opention~ are
nfres~ary in order W keep the {ca.+e in toree duriot tlie remainder ot t6t Drimarr term. I[ at the e=Dicttion of t6e Drimary term, oil, pu or other min-
cr~l u not beins produeed on wid land, or on aerea~e pooled therewitb, Dut Leaset L then eo~ated in drillint or reworkine operatiow thereoa or sAall hare
completed t drr 6ole thereon witLin siat,~ (60) d~l~s prior to t6e end ot the yrimar~ terrn, tbe Itax ~hall cemain In [o~ee w lons as uperations are yrueent-
ed sith no eesaation ot more than ~i:t~ i601 eon~teuti~e day~, aad if thqr reault in tAe D~'~duetioa ul o~l, tv or other mineral, w baR thereafter as oil, tu
or otlxr minenl is produced from ~aid land or aerea~e yooled tFiernritL. In t6e event a wiell or ~elb prodaciot otl or ~a~ in pa~in` puantitin ahou{d be
brou~At ia on ~djaeeat land aad within one bundred tiftr 1150~ teet ot and dninint We le~sed prc?nisa, or aertase Dooled t6errwith, I.cs~te a~ree~ to
drill ~ueA ot(set wella a~ • rawnabl~ Dn~dent operator would dril under the Mffl! OT /Im1lii t~~lUmlfaOlft_
7, I.~~sec shall hart the rI[ht ~t au~ tiaae durios or a[ter tAe tapiration oi thi~ leuc to remove ail D~~K7 and tictures plaea! A~ Le+scr on said
land, includiot the risht W draw and reawre all u~ins. W6en revoircd 6> I.ewor. I,es~et wiU bury sL pipe lines bebw ordiaar7 pbw depth, and no well
ehall be drilled within twro hundred (200) feet ot ~n7 roidenee or parn aow un wId land witFwttt Lessors eonsent. I,tssee shail be respon~iple for aIl
dama~ei uwed b~ Lessn'~ operation~ 6ereunder otLtr thaa dama8es neeexartl~ eawed b~ tAe exertise of tbe rishta hercin tranted.
B. TAe riahL of either varq bermadcr w~ be witned in wbole or ii Dsrt. ~ad the prori~ions hereo[ shall extend to tAeir bein. ~ueeaywn and
•E~iRns: bnt no ehanie or divi~ion in owaen~ip of the Lod, [enfaL or royalties. lwwevtr aeeomplisfKd, ~Aall operate to enlarte the oblisatiom or diminisb
the risht~ ot Les~ee • and no ebanse or di~iion in sne6 ownmdip ~6a11 be bindin= o~ I~see until Nirq 1~0) da~s atter I.ewee ~6a11 hare Oeen [urnishrd by
reeuured U. S. mail at I.essee'~ prineipaf ylace ot buriaer witb s etrtititd coD7 of motded ie~trumeat or i~rtrumenL e~idencin~ •~me. in the event of
wi`nment Aereof ia w~hole or in w~ liabilit~ tor breaeh ot to~ obli~tio~ hcreunder sb~ll re~t e:elwi~cly opon tM owaer ot thu lease or o[ a pori'an there-
of wbo eommib ~ueh bre~eA. In the ereat oL the dnW ot an~ yenon eatitied to nntaL 6ereuoder, Lwee ma~ pa7 or tender sneh rent~b to t6e etedit of
tRe deeeMed or the estate o( the dcteued until web time u Leasee i~ furni~6ed w~th v~Mr e.idenee o! the appointmeat ~nd Qu~?IifE~ations ot an e:eentar or
.dminiuLntor of the e~tate, or i[ there be none, tLen unW Lc~aet i~ fnrn' with eridenee wti~fuWrp W it u W the ~ein or derisee+ of the deeeuevl, ~nd
that all debts of the e~Lte ba~e beeu w~• 1~ ~a7 time two or more~nr be entitled to pattieip~tc ia tbe renW ya~able 6ereunder, Lwce ma~ pa~ or
tendn ~aid renul joiatlr to ~ueh pcnoo~ or W their ioiot tredit ta tl~e ~tor7 named heeein: or, at [~ee'~ eleetion, tbe yroyortion~te vart ot ~aid rental
u~ ~hieh e~eL D~~~wnt i~ cntltled ma1 be DaW or tenderad W Aim ~eparateb or to hi~ ~ey~nte ertdit in uid depo~iwrr • wnd paymeot or tender W aa~
partieiyant ot hi~ portion of tLe rentaL Mrrreaer aM11 ~latai~ tli~ iwe ~s to ~oeA. Wrtkipaat ie rreat ot aai~ament of fhis Ir+se u W~ se~re~ated yor-
tcon of uid l~ad. tAe r~tab yarLley~q~~ ~1a11 M ayD~tioa~?N r letween t6e•~e?eral Iea~elwld ownen ntaDy aeeordiea W the wrtaec ~rea ot eaeh,
and detault in teatal p~rmewt b ofe ~AaU wot ~fbet W i'1R~ ~L ot?++ krehold ownen hexuader. It ~i~c or sare p~rtio ercome entitlM to rotalb hrre•
under. I.ssee av?~ wita6old py~est tAereot nslw ~si DAuI ~1f~~i ~NL a reoordaDk instrumeat e~eeoted b~ all ~ueA partia de~isnatins an a~eat W re-
eei~e pqment for all. -
-~ox~7 txt~ ~o~c~ ' ) / : ~
_ _ _ ;~.Y=_ _