HomeMy WebLinkAbout2574 . ~y3~~ 5 .~d ~ ~
Produ~
36-69eW ~Revi~ed 0.1-T~) W~~S Poouna r~o.~ _ H~a.~ sras.n. ~.~twe. xw.
. OII,, GAS AND MINERAL LEASE ;
THIS AGAE6~(EIVT o~ th4 ~.1~~ ~ io.?!~-__., e.e..... ~
- -
Da~id 8a~ilto» -
~ und Lura 8a~dlton. his vif~
~
~..~.o. a.s.~?.~ o.. «.4..~ .aa..: ~:_P. 0.__B~z f 31b_~~.._Yiro Bsad?~ lrlorida 32960
.,,a _~~o Pr uctioa Coa~an4. ~.._Q~_~~~$1.2~..-NeY._n*'?~-I.A~ 24~_-------~L.~....wrrr~assaztu
l. t.~or is ca..ida.eio. ot. Tffi~1 AND NO _$I1~..Qth!'•]C_QS~.uSb.~~.._tAnt~iderat~_. .-Do~
(i.~~-QY~~~-.). !s ~od wid. ot t6~ ~py~y~ he++1o Dea'ided. ~od of tb~ aa~ oE l.euae 6ereio coetainad. 1?ereby ~ranb. Iww ~ed kb
s~eludv.b oole 7ww. ror w v~va• ot 6~wes~p~n~.~s. P~P~~. ~'s •oa a~efe~ tor aea pairdns a+l. w•oa .u ueee~ a~in~e.b, kY~
PiP~ ~y. p~p~ ro~d~. t~°ks, 0~+ ~OYi ~N 4os ~ad otbR ~tructure~ t~ec~os to P~~. av~. t~k~ cue d. he~f. fna+Dat aad own
Proa~. .~a so.a.s +a raw~~ a..~+s~a ~.oa a~ st~ ~ai~ _.__~r. r~a., eo-.ut
IU ~OT~IU~ 900T8, ~1GS S4ST t ~
Ir? Ssct~on s:~e lt~ ~t' 3~aud th• ~ or il~or i~i~ oi SL~ or 3~ 3
In 3eotion 9 s 4he I~} of 3ii~ o! 3W~.
9nb3~c~E to canal arid hi~i~aT ri~ts o! .
4° ~
~ Ss
. . • ;
~ ~L _ . . .......................~TATE oF FLORlDf-~ ~
n ~ DOCUMENTARY = ~OCUMENTARY~~.;~STAMP ~n x ~
S V R rAX = O'f
PT. Of REVENUE :~i ` L. '
Z~ FCORI ~4 _ _ ,
K~ -_~a ar ~i•~4 0 0. 9 0 1
ecrr. " ~ ~ ~
l~ • ~ OCT~~7~ P~ ~ ~ 0• 5 5 ~~~021 yti~'~~.
~ IOa30 -
- ~ . . ~.~y~.a..
- - - /,1CJ ~ }1 ~d~
The Lessor reserves all minerals. except oil, gas. sulphur and salt, down to a depth ~
of 250 ft. {
In the event of damages to the surface of Lessor's land, or to Lessor's groves, trees, :
fences, roads or growing crops and installations proximately caused by Lessee as a resuZt ;
of Lessee's operations on the land covered by this lease, Lessee at its option will either {
pay Lessor for such damages, or will, insofar as is reasonably practicable. restore the i
; property to the same condition as it was before operations were begun. ~
f It h the intentioo af Lesxor aod I.essee tLat this iease shall ~Iso indude. and t6ere is bere included. 1u~~d. leased and kt. 4or t6e pu~yous aod coosideratioo
C turdn stated, ~ll the land owned or claimed LY ~~r. adiacent or rnntiRUOns M the land ly descn4ed ~hove, ~hMher the swe be s~d s~d°°
~ &rant ur gnots. or in ~dj~cent sectiow or erants, ~It6ouKh not included within the bo~uwlaries of tbe la~d pLarticulub' described above. For tbs parpwe of deternainin6
K the amo~mt of aay moneY P~)-ment he:eunder. the lands hereia descri6ed shll 6e treated as eomprw•-nt- v - - ac~es. w6etLer there be more
or 1~. aod in tbe event of a p~iti~l asri[oment or surrender hereunder. tLe assifned or snrreudettd Pofi ~or Purtions shall be deemed to oontain tLe oamber of
attd ltatcd in fuch assi~ment Or surradtr.
2. Sabject, w the otLer Prwl~iom Dmeia cantained. tbis kase sfrll be for a tum Yars from this date talkd "DrimarY tavi'1 a~d ~s bo[
tfurcaftcr as m4 W or other minut~ is poduced hom said laad os laeds wit6 w}dcL said 'u poo{ed 6ere++nde*.
u
3. T6er~ ~1HHes M 6e P~+d M Leuee t=e: (al on oi~. w+c-eift~b (1/8) of that w~~~ced aod saved from said land. the same to be delivered at tbe a
1
to t6e eredit of I.eswr inM tLe Ape1~ to which tbe well~ auY be conoected• Lesxe tnaY [rom time to time purchue anY ro~'alb oil in iq P~}in~ f
mukd price tLerefm [ar tAe fidd w'h~*~ P~~ ~ t~ ~+te o~ pnrcLue. in eithrr ase such interest to- 6eu its WoPO~~ ~~°K °f
iag unme+cLantabk to it merchu~bbk u rnde: Ib) oo sas. w~e ei[hth (1 /81 ~ tlk ~kd value at the +~eli o( the Ras ~ised.bY Ln~ee oP~~f ~ ~
connected ~it6 the Lnd leased or ~nY Doolal mit coohinios aU or a D~ of said 4nd• the ro~ on gas wld by I.aaee to bc ooc-at~b /1/8) of t6e amount .
realized st tLe wdl f~om sucD t~les: tcl aoe-ei~luh (1/8! af t6e muket value at tbe a~outti the ~reU of ps used br l.es~ee in mfn~hvios Psoline a z
ot6er by-poducb, ~~cept ~~~Pu~E s~x-6 value. there slull 6e e~cluded aU ~as or componenb tl~ereof uscd in Iease m unit operatians• ~nd (d) m _
..:i uthcr minvals mined ud marteted. onttenth <1/10) either in tind or vstue at the ~vdl or mwe. at l.essee's dectioo.t
e~w~t~ ~rit3 ~
~tLeieafl
muketed. tLe rori1~Y shaU be C~ ceub ISOc) P~ 1~1~ too. In the ereat tMt ~nY vicell m the Itnd or on P+upe~tY D~~
is capable o(p~~
ucins al or gas or saseous substances ~n paY~A 9uantities but such miaerah are aot banR produced. tben I.essee's ri~[Lb maY De mainhined, m
the ~hseace of P~oductioo or drillin oP~*ations. _M~ ~~nnng or raumms reatal payineots (hereia wmetimes reEernd to a~ a6at ia lPS P~ -oenb) ~s Lerem-
after provided in ParatnPb 8. S~ ~b ~d'ti°°s °n°~ or e~st at the end of or dttr tAe p+imuY a~t~n sis~r (801 days P~~
of. Les~ee's ri~6ls maY be ertended be'frond and aker tbe primsry tnm 6S t6e eomme~t, resumptioo or coadnuance of such paymenh at the nte and in tbe
manner heran wa'?ided for reotal pa»neeb during the P*»~Y term. aad for t6e Po~Pax ~~~t and malanR snc6 payma~ts the e:Pntion date of the
primary term ~nd eac6 ~aoiversary date thereof s6a11 be oonsidercd u• fired reohl payins date. aad ii sueA p~yments are m~de. it vn71 be considered that oil
or gas o~r t+~ is beins Dmduced within t6e meaninL ~ P~*+RnD~? 8 hereof. I.esiee shall 6~ve free use of oi4 s+~. coa1. seoal ~nd ~wter from said
I~nd, erceP~ water from Lessors wells for aU opentions Lueuode?. and roriltY II+~ ~d cod sluU be coroputed a(ter deduMnK anY so med.
4. I.essee. at ib option. is hatby luven the i+s~ ~ P~'« or rombine t6e ~ease eove+ed b~ tias kase or anY PnAion the~ecf with other
land. teax or lea~n in tbe immedi~te vicinity tLereof. whea in Lessees tud~ment it is naceuary or adviswbk M do so in order Wope~y ~~uth~wi~ied
ente said premises in compliaoce wit6 ~ay 4av(nl sP~~1[ ruks ~hicb mar be pTrseribed for the field io whic6 tbis lease is sitwted tiy
auth~ib. or ~rbeo to do so woald. in the jid~nent of Lessce. Promote tbe comen•atioo of the oil ~nd Sas in and mdrr ~nd t6at maY ~ P~~red f~om ;
said prea?a~s. Leaee adll e:ecute in writinX an instrument idmtifyinL and deseribin! ~ P~~ u+~+6~- The mtiie r~rease w poobd "mto a tract or voit
stull be tmted. for all purpwes empt tbe paY~t of *uYalties m V~~'~a from the P~ unit. af if rt a-ere ioclnded in tLis leate. lE productioe is foaod ~
on the pookd acreage. it sl~U be trnted as [f pra~du,ctioa is had fr«a U~if 3ease. wbether t6e well or ~relb be located on the Dre+o stivtllated
not. In !iw of the reYsitid e4eabste Leraiafo t~fie
mk sro~i'a~1tY
~~e~em~o~o ~ie~eiRe 6i~ 6s~~to ~e tota~l
acrc~w pooled ie the prtitahr
l+ere6~ as tbe ~awont d Ws sae~s~ P~~~
unit inwived.
S. If operations for drillinY are nut cwrunenced on said land or an ~ere~Rr P~led tbere+it6 as above P*~ed m or be(orc aoe Y~ from thif date
rhe kase sh~ll tlKn te.miaate o to both v~+ti~. ~~nivenary date I.essee shall paY or tmde? to I.essor ar to the .s~jtrA~ i.euor
P 0 Hoz 8 Pierc~ :
Lncie Coun - _ s.~ ' . ~;a.
~ ~ 9tar Bank _ oi_.. St,-- - - - - ' ~
"~~.~w i.vhich baat aad its successoo are I.eisors ~ta~t and sTul) cootioue as ~e dePositorY [or all rentals pa)'~ble hereunder resardless oE chanftes in owoenWP ~
~ 1~'i~e and l~0 100
~,t sLaid tand or tbe rencabl che sum of .`!~!~-`.1Z - - ,
- -
i 1 vS ~ (6erdn nl{ed rrntaU. which sball cover the P~vikge of de(errinR commmcement of drillinR o~eratioos for • pe*iod oE
t be further deferred [or ana
tW~dve 1141 manths. In lite maane? ~nd uvon like py'meob a tmden annuallY ~~~''~t ~~"~W°X operatiom may
~essive j+eriods of twdve (12) ~uA duriaR the primarY term. The paYment or tender of rrntal may be made by the check or dra(t of [w~see m~ikd d~
or deli~ercd to I.essor o* to s+id baak on or beEore suc6 date of pay~mmt. If such bank lor any succasor bankl s6ouW /ail, liqnidate or be succe~ed bf ~TM O~p
uther bank, m for wY *caw~ fail or refuse to ~ecept rent~l. I.essee s6sll aot be 6eld in ddault for failure to make suc6 paymeut or tender of renhl wNil ~c
th;rty 130) da» ~ter 1-esso+ shall deliver to I.essee • DroP~* *~d~bk i~tmo~ot• °~°'i°s ~10~~* f"Ot ~~~'t to +eceive such p~ymeob or tenders. TLe
dmrn cash paymmt is coosidentioo for tbis lease aoaordini to ib te~m+ and s6a11 not be ~Ibeated a~ mere rmtd (or a period. I.earee mar ~t aoy t~
nr times e:ecute ~nd deliver to I.eswr or to t6e depository ~1wve aamed or Dbce of record a rekax or rekases caveriox wY P~~ w Pwtioni o[ tbe dwre de-
scribed premises ~nd t6erehY surteoder t~s leate a w aucD v~ o* ~m and be relieved of dl oblif~ation+ as to tbe acrealC~ surrewdertd. ~nd thero-
after the renbh P~Y~~ ~~er sLdl be reduced in the P~D~ t t tbs acrease covered be?ebY is reduoed br said rekase or rek~es.
8. If p~ior to di~e+r of dl. P+ oi otber minenl oa said Lnd or m~creaxe pooled tLerewith I.eaee shodd diill • dq bole or hola t6ereoo. ot if
aker discave+r d oi1. W or otber mioersl. tbe aodnetjoo thereof sbould cws fmm ao~' au~e. this le~+e ~6d1 oot terminde is I.etxe oommmcq additiond e
driqins or reworkla~ ppentia?f witL'm d0 days tSereafter or if k be within tbe primur term. oommmca or ~esumes tLe p~ymmt or tenda ot rentab or com- y
mmces npOratioN fo? drNin! or reworkinl~ on or before t6e rmW D~Y~R date nest ensains ~fter tbe eapintloe of 80 days hom date of ooo~D~atwa of dry
hote a neenatlon ot woducc;oa. u•:.or em~e suhseqnent eo ~er ~60) a.r~ p*~o. eo t~e be~nninfC ot c6e hu reat of tLe vr~ury ~ and pior co the ab-~
covery of o4 s~ ot othar miner~l m uid lu~d. or oa aa~r~pookd thaew~tb. I.ascs aboold d~ill s dr~ Lok t6ereon. no resta! pY~~ a. ue
' necawry in ocder to the le~+s fu force dnriof the fndet of tbe primuf teru. Ii at tLe eapirrtian of tLe primq fecs. oi1. W w dber mis-
thneoe or a}ull 6~re ~
enl i~ not bein; ~du~m sald W~d. or ao acrea~e pooled tharewk~. bat Le+aee b t6ea eopRed in drillins ot rewoikio: operrtiow ~
h ! p+
comPlcted a d*r tL~ within siatY (801 daYS P~ W t~e e+d of the Primarf term. the lea~e shd! remain in force so loo~ a+ opentiau arc P*ose~d'
ed with m ces~ation of mon th~n satf l80) oa?secuthe day~ ~nd if thef~ resnk in tbe D~octios oE oil. sa+ o~ ot6er minenl. so 1mt ~e* s~houW be
or ot6er mL~cnl b piodoced from wid I~nd or ~crcafos pooiea tLerewith. ln tbe evmt • wdl or welb.podociat oil or sas in p~Y~L .qo~o~
browebt in ao ~d1~ land ~nd writnia ooe 6w~drod ~iitf (ISO) Eeet o( ~ed dninins R~. oc ~c~taRe poded tber~?d6. i.es~ee ~yrtes
driU meb ofhet wellt n a~eawn~bh P~~ ~D~nM* would drtll ander tbe tame w~milat dmmuhoce~. ~
7. I.essee slrll 6~~e tbe d[It ~t anr time dnrin~ o~ ~(ter eLs espinboo d tlm kafe to remore all and firtures pl~ced by I.essee oe atid
land. fnclod'a~R to dnw ~ed remwe all casin8- When ?Mdred M Lessor. Lessee wri0 burY d1 PP~ ~below ordina+> _plow dep~b. and no we0 ~
zs'. shall be drillcd w~~ ?_Za~t Mndred ( of ~o> rsideoce or bun now on said land witLout I.asor~ cousmt. Iw~see s6~ll be rcsvonsibk for all ^ .
~fimaCes caeued b; ~t~e'el ePe~h~d~ a~+ th~n d~m~Ew necassarily nused bq the e:erciu o( tbe riRhts hercia Bnn~ed- ~
j/~, _
~
_ _
~ ~
~ ~ s r
^~F - ~ ~-:-.a.r
-s'"`- ~
. _ _ :.s, _ ' _ - .