Licking Valley courier. [volume] (West Liberty, Ky.) 19??-current, 1918-03-21

and take care Of said products, all that
certain tract Of land situate in The county
OIL State Of Kentucky, on the
waters OF bounded and de.
scrbed as follows
On the North by the lands of--------
On the East by the lands of----------
On the South by the lands Of
On the West by the lands of------------
containing acres, more or less, and
hereby releasing and waving all right I'M
der and by virtue of the Homestead tx.
emption Laws of this State in and to said
land.
II 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.
10 consideration of the premises the said
Lessee covenants and agrees:
LIST. To deliver to the credit of Lesso',
lice OF cost, into tanks or in the pipe line
which he may co rect his wells, the
EQUAL one.eighth part Of all oil produced
and saved from the leased premises.
2od To pay the Lessor One Hundred
Dollars each year, payable quarterly in
advaI ce, for the gas from each we'll 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 we'll
} f II 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 nd used of the prem.
{ ises at the rate of Ten Dollars per year. for
the time during which such shall be
used, said payments to be made each three
months in advance.
II no well be CONNIE need on said lane
1 on or before the 2Sth day OF August, 1918
this lease shall terminate as TO both par
ties, unless the Lessee, on or before tina
: date, shall pay or tender to Lessor in tn
l manner herein provided, the sum of FIT.
S Dollars, which shall operate as rental
T and cover the privilege Of deferring tn
commencement of well for three month
7 from said date. In like manner, and upo
like payments OF tenders, the commencement
of we'll may be further deferred for lik
period OF the same number Of months sue
= essively. And it is understood and agree
n that the consideration first recited hereir
the down payment, covers not only III
privileges granted to the date when sal
first rental is payable as aforesaid, bu
also the Lessee's option Of extending tina
t period as aforesaid, and any and all othe
i rights conferred.
All rentals or money due hereunder sha
be paid by Lessee's check, mailed, postag
prepaid, ----at-------
u n to---BaDk of------
for the credit Of -----------on or beior
the date any such rental shall become pa!
lble; said Bank, by power irrevocable,
:, hereby made the agent Of Lessor to accep
= all rentals paid hereunder, and same sha
H. continue as the depository Of such rental
Is Turing the life of this lease; regardless {
!, changes in the ownership OF said land {
said rentals.
II said Lessor owns less interest in II
bove described land than the entire an
undivided Zee simple estate therein, the
he royalties and rentals herein provide
% hall be paid the Lessor only in the propo
= ton which his interest bears to the who
md undivided fee.
u Lessee shall have the right to use, free
'ost, gas, oil and water produced on sa
aud Tor its operation thereon, except w
er from wells Of Lessor.
L. When requested by Lessor, Lessee shs
!, bury its pipe lines below pillow depth
cultivated portions OF land.
- No we'll shall be drilled nearer than y
e.t Of the house or barn now on sa
r. premises, without the written consent
. he Lessor.
Sc Lessee shall pay for damages caused
is operations to growing crops .on sa
a. land.
Lessee shall have the right at any liz
Oh to remove all machinery and fixtures pla
ed on said premises, including the right
draw ard remove casing.
a II the estate of either party hereto is g
signed, and the privilege of assigning
whole or in part is expressly aI!owed--t
covenants hereof shall extend to their hel
. xecutors, administrators, SUCCESSORS or a
signs, but no change in The ownership
he land or assignment OF the OF rentals
. royalties shall be binding on the Less
o. until after the Lessee has been furnish
RET with a written transfer or assignment or
W. true copy thereof; and it is hereby agre
ol IN the event tlllS ltdsC Sla'i w eS"'S"NN
in 10 part or as to parts of the above q
cribed lands and the assignee or assignt
If such part or parts shall fail or make
fault in the payment OF the proportions
oil part of the rents due from him or the
'P such default shall not operate to defeat
affect this lease in SO far as it covers a p;
ing or parts of said lands upon which the sd
l.sssee or any assignee thereof shall ma
O. hue payment Of said rental.
o' Lessor hereby warrants and agrees to {
on feud the title to the lands herein describ,
, and agrees that the Lessee shall have I
OF right at anv time to redeem for Lessor,
req payment, any mortgages, taxes or oil
liens on the above described lands, in
ing event of default of payment bv essor n