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N S S (J) S ...... c.n s ...... ~:JC e.~k d} IV -; 0 ~ f~~ c -' cr. ~J /CJ qe;t--t ~ ~ s-J- ~~ ~ FARM LEASE AGREEMENT This Farm Lease Agreement is entered into this c.1..L day of4 ~~-'-i1r 2006 between Dale A. Whitefoot, as Trustee of The Dale A. Whitefoot Trust created by the Revocable Living Trust Agreement dated February 7, 1994, hereinafter referred to as "Owner", and Marshall Poehler, hereinafter referred to as "Tenant". ,... m "'" c: z Qno m)>~ (")(1) ~:c nn :J:)>- rn CI' n:E: "" C') (j) o -1 c::l> z-1 ........tT1 -<0 0"" ""z :r: rT] 1> cu ,::0 r >- (j) ^ l> .--....> <:::0> c::::> c::r.> ~1; ~ 0(~E ~ Cl \ ........ "'Tl )...' CI l" rn ~\) -u ~ l ~ ....c -.J 9J o ~ -- (j) (j) 1. THE PROPERTY. The property which is the subject of this Agreement is legally described as follows: North Half of the Northwest Quarter (N % NW %) of Section Twenty-eight (28), Township Ten (10) North, Range Twelve (12) West of the 6th p.m. in Hall County, Nebraska; 2. AGREEMENT TO LEASE. The Owner agrees to lease to Tenant and Tenant agrees to lease from Owner the property for the term and under the covenants and considerations hereinafter set forth. 3. TERM. The property is hereby leased by Owner to the Tenant for a term commencing March 1, 2006 to February 28, 2007. 4. RENT. Tenant agrees to pay as rentals for the term, cash rent in the total amount of Thirteen Thousand Four Hundred Fifty Dollars ($13,450.00) due and payable on January 1, 2007. Payment of the rent shall be by bank draft or cashier's check made payable to: Dale A. Whitefoot, as Trustee of the Dale A. Whitefoot Revocable Trust. Any unpaid balance of rental from and after the due date shall draw interest at the rate of 16% per month. 5. OPERATIONAL EXPENSES. The Tenant shall furnish and provide all of their own irrigation pipe and equipment. The Tenant shall assume all daily maintenance of irrigation equipment. The Tenant shall supply all the equipment for planting and harvesting of the crops. The Tenant shall furnish all labor and expenses for the operation of the farm. The Tenant shall be responsible for the costs for the purchase and application of all fertilizer, insecticides and herbicides. Major repairs to the irrigation wells, pumps and motors not caused by the neglect of the Tenant shall be paid by the Owner. The Tenant shall furnish the labor necessary to keep the fences, domestic and stock wells in good repair and condition. The Tenant shall pay for all costs of power for operation of the irrigation equipment. Should any of the irrigation wells, pumps, motors, pipe, or any other equipment be damaged as a result of the negligence of the Tenant, Tenant shall be responsible for all costs and expenses for the repair and/or replacement of said property. 6. GOOD HUSBANDRY. The Tenant will operate the property in an efficient and husband-like way, and will do the plowing, seeding, cultivating, and harvesting in a manner that will conserve the Owner's property. Tenant shall be entitled to remove the stocks by mechanical means but shall not be permitted to pasture livestock for consumption of stocks in the field. Tenant shall not be permitted to pasture livestock on the property. Tenant shall pay all costs for seed and other costs including, but not limited to, ground preparation and planting of the crops. 7. COLLATERAL AGREEMENTS. The Tenant shall have no authority to make any type of agreements concerning the use and/or access of and to the property. Only the Owner shall have the right and power to make other or collateral agreements concerning the use of the property in any manner whatsoever. This would include, but o~ ~[ ~r: ~I .-~ q'O.So