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202502277 STATE OF NEBRASKA LOCAL POLITICAL SUBDIVISION ACQUISITION CONTRACT Copies to: 1. Right of Way Division, Nebraska Department of Transportation 2. Owner Project No.: C-40(498) 3. Buyer Control No.: -- Tract No.: 2 THIS CONTRACT, made and entered into this KENNETH L. & DEBRA L. FAIRBANKS Address: 14104 W WOOD RIVER ROAD, PO BOX 217 WOOD RIVER NE 68883 day of , 20 by and between, hereinafter called the OWNER, and HALL COUNTY, NEBRASKA, hereinafter called the BUYER. RIGHT OF WAY WITNESSETH: In consideration of the payment or payments as specified below, the OWNER hereby agrees to execute to the BUYER, a deed which will be prepared and furnished by the BUYER, to certain real estate described in exhibit 1. (The description may be stated in either "metes and bounds" or "station and offsets") The BUYER agrees to purchase the above described Right of Way and to pay, therefore, upon the delivery of said executed Deed. If the OWNER so desires, they shall have the right to receive 100% of the final payments due under this contract prior to vacating the premises being acquired. Approximately acres at $ Approximately acres at $ Approximately acres at $ Moving and replacing approximately Moving and replacing approximately Damages for Control of Access: Other Damages: bG per acre per acre per acre rods of fence at $ per rod rods of fence at $ per rod n M34-- Cuuivr K jki.4I -.) uff-Le_ TJ) -rat B04 6 (A) TOTAL ......................_....._$ n .... It is agreed and understood that the BUYER is hereby granted an immediate right of entry upon the premises described above. The above payments shall cover all damages caused by the establishment and construction of the above project except for CROP DAMAGE, if any, which will be paid for in an amount based on the yield from the balance of the field less expenses of marketing and harvesting. CROP DAMAGE shall mean damage to such crops as are required to be planted annually and which were planted at the time of the signing of this contract and which are actually damaged due to construction of this project, but in no case shall damages be paid for more than one year's crop. The OWNER agrees to make a reasonable attempt to harvest any crop so as to mitigate the crop damage. If any other party shall hold any encumbrance against the aforementioned property at the time of delivery of the aforementioned property, such payments as are due under this contract shall be made to the OWNER jointly with the party or parties holding such encumbrance, unless said party or parties holding such encumbrance shall have in writing waived their right to receive such payment. Expenses for partial release of mortgages will be paid by the BUYER, if required. AP-3