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200001428
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Last modified
10/13/2011 10:15:29 AM
Creation date
10/20/2005 7:50:48 PM
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DEEDS
Inst Number
200001428
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200001428 <br />FARM LEASE AGREEMENT <br />This Farm Lease Agreement is entered into by and between <br />Jeanne K. Whitefoot, Trustee of The Jeanne K. Whitefoot Trust <br />created by the Revocable Living Trust Agreement dated February 7, <br />1994, OWNER, and 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 />The Southwest Quarter (SW 1/4) of Section Thirty -one <br />(31), Township Eleven (11) North, Range Eleven (11) <br />West of the 6th P.M. in Hall County, Nebraska, <br />excepting therefrom that part thereof conveyed <br />to the County of Hall, State of Nebraska, by <br />Deed recorded in Book 79 at page 610 of the Deed <br />Records of Hall County, Nebraska; <br />North Half of the Southeast Quarter (N 1/2 SE 14) and <br />the West Thirty (30) acres of the Southwest Quarter <br />of the Southeast Quarter (SW 1/4 SE 1/4) in Section <br />Twenty -eight (28), Township Ten (10) North, Range <br />Twelve (12) West of the 6th P.M. in Hall County, <br />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 />
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