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201305436
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Last modified
8/19/2014 2:23:30 PM
Creation date
7/5/2013 3:14:27 PM
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DEEDS
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201305436
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4 . <br />FARM LEASE <br />201305436 <br />This Farm Lease is made on Aerr( 1 Q2013, between Larry D. Partridge, <br />Landlord, and Jason Bonsack, hereinafter Tenant, whether one or more. In consideration <br />of their mutual promises and respective benefits and detriments, Landlord and Tenant <br />agree to all of the terms of this Lease. <br />1. DESCRIPTION OF REAL ESTATE. Landlord hereby leases to Tenant and <br />Tenant rents from Landlord, approximately 100.1 acres, more or less, of <br />tillable farm land located in Hall County, Nebraska, the legal description of <br />which is as follows: <br />Northwest Quarter of the Northwest Quarter (NW 1/4 NW '/4) and Lot Two <br />(2) and Part of Lot Three (3) on the island and part of Lot Two (2) on the <br />mainland, all located in the Northwest Quarter (NW '/4) of Section Five <br />(5), Township Nine (9) North, Range Eleven (11) West of the 6 P.M., in <br />Hall County, Nebraska. <br />2. TERM OF LEASE. The term of this Lease is three (3) years, commencing <br />March 1, 2013 and ending February 28, 2016. Tenant agrees, without <br />demand, to quietly and peaceably vacate the leased real estate and surrender <br />possession to Landlord on the last day of the lease term. In the event <br />Landlord and Tenant agree to renew the lease for a successive three year term, <br />Landlord and Tenant must agree, in writing, to the terms of the Lease for any <br />successive term. <br />3. AMOUNT OF RENT: SECURITY INTEREST IN CROP. Tenant agrees to <br />pay Landlord annual rent of: <br />2013 - $22,522.50 (i.e.100.1 acres x $225.00 per acre), payable as follows: <br />One -half ($11,261.25) on April 1, 2013 <br />Balance ($11,261.25) on October 15, 2013 <br />2014 - $23,523.50 (i.e.100.1 acres x $235.00 per acre), payable as follows: <br />One -half ($11,761.75) on April 1, 2014 <br />Balance ($11,761.75) on October 15, 2014 <br />2015 - $24,524.50 (i.e.100.1 acres x $245.00 per acre), payable as follows: <br />One -half ($12,262.25) on April 1, 2015 <br />Balance ($12,262.25) on October 15, 2015 <br />Cash rent shall be paid on the dates set forth herein, and if not paid when due, <br />shall bear interest until paid at the rate of 18% per annum. <br />Tenant grants to Landlord security interest upon all and any part of the crops <br />growing or gathered on the premises during the term of the Lease, as well as <br />
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