Fill and Sign the Mineral Servitude Form

RESERVATIONS - F1ASAL10: This document contains reservations of a mineral servitude, a mineral servitude without surface use, an expanded mineral servitude over non-contiguous tracts, a royalty, executive rights, a right of way and a usufruct. Each is written for inclusion in a sale. Mineral Servitude (One-Half Interest): SELLER reserves an undivided one-half interest in and to all of the oil, gas and other minerals in, on and under the land conveyed herein. Mineral Servitude (One-Half Interest): SELLER reserves an undivided one-half interest in and to all of the oil, gas and other minerals in, on and under the land conveyed herein, with the right to enter upon the land for the purpose of exploring for and developing said minerals, it being SELLER's intention to reserve a mineral servitude to the greatest extent allowed by law. Mineral Servitude Without Surface Use (One-Half Interest): SELLER reserves an undivided one-half interest in and to all of the oil, gas and other minerals in, on and under the land conveyed herein, but agrees that the surface of the land shall not be used for the exploration for or development of any mineral. Expanded Mineral Servitude: SELLER reserves all of the mineral rights in and to all of the land conveyed herein. The parties hereto understand and acknowledge that as the property transferred herein consists of several tracts, some of which are non-contiguous, drilling (or other) activity or production sufficient to interrupt prescription on this reservation as to one tract may not be sufficient to bring about such interruption as to other non-contiguous land. However, availing themselves of the provisions of L.S.A.-R.S. 31:75, SELLER and PURCHASER specifically stipulate and agree that should prescription of the mineral reservation made herein be interrupted (under the provisions of Louisiana law and particularly L.S.A.-R.S. 31:33 and L.S.A.-R.S. 31:37) as to any part of the land conveyed hereby because that part is included in a conventional or compulsory unit with any other land, including a different part of the land conveyed hereby, on which the unit well is located, then such interruption of prescription as to the land included in said unit shall extend to all of the land conveyed hereby contiguous with the land in said unit and the running of prescription on this mineral reservation shall be interrupted as to all such contiguous land, it being the intention of the parties hereto that SELLER receive the maximum benefits available to SELLER under L.S.A.-R.S. 31:75. Royalty: SELLER reserves an undivided [_fraction_] of the landowner's share of royalty in and to all of the oil, gas and other minerals in, on and under the land conveyed herein. PURCHASER agrees that any mineral lease given on the land conveyed herein shall provide for a lessor's royalty of not less than [_share_] . Executive Rights: SELLER reserves full executive rights in and to all of the oil, gas and other minerals in, on and under the land conveyed herein. Non-Exclusive Right of Way: SELLER reserves a non-exclusive right of way and servitude of passage across the property conveyed herein, the said right of way and servitude of passage to be located [_Specify_Location_] . SELLER agrees that the right of way and servitude of passage shall not [_State_Restriction_] . Usufruct: SELLER reserves for SELLER's lifetime, the usufruct over the property described above, and PURCHASER waives inventory, appraisement and security. SELLER agrees that during the term of the usufruct SELLER will maintain the property and keep it in good repair, and pay all taxes that may fall due on the property. SELLER shall also insure all improvements on the property against casualty loss, with policies payable to PURCHASER, and providing coverage limits acceptable to PURCHASER. Note : Where the seller retains a usufruct under R.C.C. 2480, a simulation may be presumed.