Licking Valley courier., 1918-03-28

'-'Ae-' 49, ~~''''lAio '~~RhS powers, SlStiO7 S
and structures thereon to produce, save
and 'aae care OF said products, all that
certain tract of land situate in the county
of------ State Of Kentucky, on The
waters bounded and de
scrlbed as follows,
% the North by the lands of
On the East by the lands SnI------------ nI
On the South by thu lands of of--------.
On the West by the lands Of ----.---
containing acres, mo'e or less, and
hereby releasing and waving all right un-
der and by virtue of the Homestead Tx.
Ampton Laws of this State in and to sait
land.
1t is agreed that this lease shall remain
in force for term Of five years from date,
and as long thereafter as oil or gas, oI
either Of them, is produced from said land
BY the lessee.
In consideration of the premises the said
Lessee covenants and agrees:
1st. To deliver to the credit of Lesso'
free of cost, into tanks or in the pipe line
O which he may co ,rect h wells. tn,
equal one eighth part Of all oil produced
and saved from the leased premises.
2nd. To pay the Lessor One Hundred
Dollars each year, payable quarterly in
adva ce, for the gas from each well where
gas only is found, while the same is being
used off the premises, and the Lessor to
have gas free OF cost from any such well
f,r all stoves and all inside lights in the
principal dwelling house on said land dur.
ing the same time bv making his own
connections with the wells at his own risk
and expense.
Sd. 10 pay Lessor for gas pred iced
from any oil well and used of the prem.
ises at the rate Of Ten Dollars per wear, for
the time during viii; h such a shall be
used said payments to be made each three
months in advance.
II no well BIZ comm need on said land
on or before the 28h day Of August, 1913
this lease shall terminate as 10 both par
ties, unless the Lessee, on or before tina
date, shall pay or lender to Lessor in thu
manner herein provided, the sum OF Fit!
} Dollars, which shall operate as a rental
and cover the privilege OF deierring th'
4 commencement of a well for three months
from said date. In like manner, and upol
like payments or tenders, the commencement
Of well may be further deferred Tor lik
period Of the same number OF months sue
essively. And il is understood and agree,
7 that the consideration first Tecited herein
!. the down payment, covers not only til
! privileges granted 10 the da,e when sal,
first rental is payable as aforesaid, bu
also the Lessee's option of extending tina
S period as aforesaid, and auy and all othe
S rights conferred.
\ All rentals or money due hereunder shaI
be paid by Lessee's check, mailed, postag
prepaid, ----at--------------
or to Bank of- OF
u for the credit of-----------on or belor
Y the date any such rental shall become pa,
n able; said Bank, by power irrevocable,
D., hereby made the agent OF Lessor to acceI
all rentals paid hereunder, and same sba
y continue as the depository OF such renta
u during the life OF this lease; regardless {
changes in the ownership OF said land {
said rentals
70 II said Lessor owns less interest in Il
above described land than the entire an
1t undivided fee simple estate therein, the
II the royalties and rentals herein provide
j. shall be paid the Lessor only in the propp
I ton which his interest bears to the who
and undivided fee.
Lessee shall have the right to use, free
+ cost, gas, oil and water produced on sa
and tor its operation thereon, except W
il ter from wells OF Lessor.
When requested by Lessor, Lessee shi
bury It's pipe lines below plow depth
cultivated portions OF land.
3. No we'll shall be drilled nearer than y
ieet OF the house or barn now on sa
premises, without the written consent
10 he Lessor.
~ Lessee shall pay for damages caused
IL its operations to growing crops .on sa
land.
Lessee shall have the right at any tin
to remove all machinery and fixtures pla
Ell on said premises, including the right
draw ard remove casing.
n II the estate Of either party hereto is
signed, and the privilege of assigning
whole or in part is expressly al!owed-tI
covenants hereof shall extend TO their hen
Xecutors, administrators, successors or a
signs, but no change in the ownership
he land or assignment OF the OF rentals
ROYALTIES sh III be binding on the Less
ct until after the Lessee has been lurnish'
e. with a written transfer or assignment OF
Y, true copy thereof and it is hereby aere'
o, in the event this lease shall be assigned
in to part or as to parts OF the above d
cribed lands aud the assignee or aSsigne
Of such part or parts shall fail or make d
iault in the payment OF the proportional
ol p,rt of the rents due from him or theI
n such default shall not operate to deleat
Affect this lease in SO far as it cove's pa
ny nr parts OF said lands upon which the sa
I..ssee or any assignee thereof shall ma
o. lue payment of said rental,
b Lessor hereby warrants and agrees to d
m end the title to the lands herein describe
; and agrees that the Lessee shall have 4
o' right at anv time to redeem for Lessor,
ed payment, any mortgages, taxes or 9th
liens on the above described lands, in I,
ng event of default Of payment by Lessor, at