Licking Valley courier., 1918-04-04

the sole and only purpose of miniug and
operating for oil and gas. and laying pi e
lines, and building tanks powers, station S
and structures thereon to produce, save
and take 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,
On the North by the lands Of
On the East by the lands sof-------------- of
On the South by the lands of ----------
On the West bv the lands Of
containing ------acTeS, more or less, and
hereby releasing and waving all right un
der and by virtue of the Homestead EX-
emption Laws OF this State in and to said
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, or
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 Lessor,
free OF cost, into tanks or in the pipe line
10 which he may co nect his wells, the
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
advance, for the gas from each well where
gas only is found, while the same is being
used of the premises, and the Lessor to
have gas free OF cost from any such well
for all stoves and all inside lights in the
principal dwelling house on said land dur
ing tho same time by making his own
connections with the wells at his own risk
and expense.
Sd. To pay Lessor for gas produced
from any oil well and used off the prem.
ses at the rate of Ten Dollars per year, 70,
the time during which such gas shall be
used, said payments to be made each three
months in advance.
! If no well be commenced on said land
on or before the 2Sth day Of August, 1918,
this lease shall terminate as 10 both par
ties, unless the Lessee, on or before thai
date, shall pay or tender to Lessor in the
manner herein provided, the sum Of Fifty
Dollars, which shall operate as rental,
and cover the privilege Of deferring the
commencement of well for three months
from said date. In like manner, and upon
like paymentsor or tenders, the commencement
of we'll may be further deferred for like
period OF the same number of months sue.
cessively. And it is understood and agreed
that the consideration first recited herein
the down payment, covers not only the
privileges granted to the date when saic
first rentals payable as aforesaid, bu
, also the Lessee's option Of extending tha
period as aforesaid, and any and all othei
rights conferred.
: All rentals or money due hereunder shal
j be paid by Lessee's check, mailed, postage
= prepaid, -at--
4 or Bank of----.
! for the credit Of on or befor,
the date any such rental shall become pay
Q able; said Bank, by power irrevocable, i
hereby m ss the agasats ei esseF te sseeP
Y all rentals paid hereunder, and same shal
e continue as the depository OF such rental
during the life Of this lease; regardless o
, changes in the ownership Of said land o
said rentals.
i II said Lessor owns a less interest in tn
j. above described land than the entire ant
undivided fee simple estate therein, thel
the royalties and rentals herein provide,
y shall be paid the Lessor only in the proper
j. ton which his interest bears to the Who'll
J, and undivided fee.
J. Lessee shall have the right to use, free q
: cost, gas, oil and water produced on sal
, land Tor its operation thereon, except wa
ter from wells of Lessor.
j. When requested by Lessor Lessee sha
p bury its pipe lines below plow depth i
cultivated portions Of land.
No we'll shall be drilled nearer than 20
feet of the house or barn now on sal
premises, without the written consent {
20 the Lessor.
ID Lessee shall pay for damages caused b
10 its operations to growing crops .on sal
!, land
Lessee shall have the right at any tim
Il to remove all machinery and fixtures pla,
ed on said premises, including the right
n draw and remove casing.
If the estate Of either party hereto is a
- signed, and the privilege of assigning
whole or in part is expressly allowed--tl
covenants hereof shall extend to their heir
executors, administrators, successors or a
signs, but no change in the ownership
the land or assignment of the OF rentals
royalties sh,ll be binding on the Less
of until after the Lessee has been furnish,
ed with written transfer or assignment or
we true copy thereof and it is hereby agre,
on in the event this lease shall be assigned
in to part or as to parts of the above d
,cribed lands and the assignee or assigne
Of such part or parts shall Iail or make
fault in the payment Of the proportiona