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200001427 <br />FARM LEASE AGREEMENT <br />This Farm Lease Agreement is entered into by and between Dale <br />A. Whitefoot, Trustee of The Dale A. Whitefoot Trust created by the <br />Revocable Living Trust Agreement dated February 7, 1994, OWNER, and <br />Douglas McTavish and Keith McTavish, TENANT. <br />1. THE PROPERTY. The property which is the subject of this <br />Agreement is legally described as follows: <br />and <br />North Half of the Northwest Quarter (N 1/2 NW 1/4) of <br />Section Twenty -Eight (28), Township Ten (10) North, <br />Range Twelve (12) West of the 6th P.M. in Hall County, <br />Nebraska; <br />East Ten (10) acres of the Southwest Quarter of the <br />Southeast Quarter (SW 1/4 SE 1/4) of Section Twenty - <br />Eight (28), Township Ten (10) North, Range Twelve (12) <br />West of the 6th P.M. in Hall County, Nebraska; <br />Southeast Quarter of the Southeast Quarter (SE 1/4 <br />SE 1/4) of Section Twenty -Eight (28), Township Ten (10) <br />North, Range Twelve (12) West of the 6th P.M. and that <br />part of the Northeast Quarter (NE 1/4) located North of <br />the right -of -way of Union Pacific Railroad Company and <br />U. S. Highway No. 30 in Section Thirty -Three (33), <br />Township Ten (10) North, Range Twelve (12) West of the <br />6th P.M. in Hall County, Nebraska. <br />2. AGREEMENT TO LEASE. The Owner agrees to lease to Tenant and <br />Tenant agrees to lease from Owner the property for the term and <br />consideration hereinafter named: <br />2.1 TERM. The property is hereby leased by the Owner to the <br />Tenant for a term from March 1, 2000 to February 28, 2001. <br />2.2 RENT. The Tenant agrees to pay as rentals for the term <br />One -third (1/3) crop share of all crops which is the Owner's crop <br />share. The share of any crop payable to Owner as rent shall, <br />before delivery to Owner, be harvested, combined and shelled for <br />market by Tenant, at Tenant's own costs and expense in accordance <br />with the best practices known to the farming industry in Hall <br />County, Nebraska. The Owner's share shall immediately after <br />harvest be delivered to the Owner at such place in the Grand Island <br />area as directed by the Owner. The Owner's share of corn delivered <br />to an elevator at the Owner's direction must be 15% or below in <br />moisture content. If the moisture content of the corn is more than <br />15 %, the Tenant must absorb the expense for the high moisture <br />content in excess of 15 %. <br />1 <br />