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<br />LEASE AGREEMENT 85-001175
<br />THIS LEASE AGREEMENT is made this 1st day of March, 1985, by and
<br />between Howard S. Hinman, Conservator for the Estate of Helen Lane, a
<br />Protected person, hereinafter called LANDLORD, and Gangwish Seed Farms,
<br />Inc., hereinafter called TENANT.
<br />IN CONSIDERATION OF the mutual covenants and agreements contained
<br />herein, LANDLORD hereby leases to TENANT, and TENANT hereby leases from
<br />LANDLORD, the following real estate:
<br />Township 10 North, Range 12 West
<br />Section 32: SE 4, except a small tract in the corner of said
<br />quarter section lying north of U. S. Highway 30
<br />Township 9 North, v-- -e 12 West
<br />Section 5: NE /4
<br />Hall County, Nebraska
<br />on the following terms and conditions:
<br />1. TERM. The Term of this lease shall be from March 1, 1985, to
<br />February 28, 1986, and TENANT agrees to promptly yield up possession of
<br />the said premises, at the expiration of the said term, without notice,
<br />in as good a repair as the premises now are, ordinary wear and loss by
<br />fire excepted.
<br />2. RENT. The Rent for the lease term explained in the foregoing
<br />paragraph shall be $39,260, payable by the TENANT to the LANDLORD one -
<br />half on March 1, 1985, and the other one -half on December 1, 1985.
<br />3. PERSONAL PROPERTY INCLUDED: The Lease of the real property
<br />described above shall include any improvements located upon the said real
<br />Property premises, including the grain storage buildings, irrigation wells,
<br />Pumps and power units. Repairs to the power units and grain storage build-
<br />ings shall be the obligation of the TENANT. It shall be the duty of the
<br />LANDLORD to maintain and repair (or to reimburse the TENANT for any repair
<br />or maintenance performed or paid by it) after Notice to the LANDLORD,
<br />any of the remaining personal property or fixtures including the irrigation
<br />wells and pumps.
<br />4. WEEDS. It shall be the responsibility of the TENANT to keep the
<br />cultivated lands included within this Lease free from weeds, and also to
<br />destroy all weeds, before they ripen their seeds, from along the fences,
<br />around the buildings, along the borders of the fields, and along U. S. High-
<br />way 30 where it touches the leased land described herein.
<br />5. ASSIGNMENT. TENANT does not have the right to assign this Lease
<br />Agreement or sublet the premises in any manner, without the written consent
<br />of the LANDLORD.
<br />6. ENTRY OF PREMISES. LANDLORD shall have the unrestricted right
<br />to enter the leased premises at any time, without notice, for the
<br />Of emergency repairs and maintenance. For all other Of
<br />s
<br />including reasonable and routine inspections, the LANDLORD shallo give rto
<br />TENANT at least 24 hours notice of his intention to enter upon the said
<br />premises.
<br />EXECUTED the day, month and year first above written.
<br />GANGWISH SEED FARMS, INC., HELEN LANE, TENANT LAND a protected
<br />person,
<br />BY
<br />I.e an C. Gangw.is , Its BY'�.._,�
<br />President Etowar S. Hrnm�n, Conservator
<br />SPATE OF NEW4ASM, County of �_/ /
<br />L Before me , the rurdersi.gne7 Note Public
<br />knoHn� to me to be the _ Ix,rsonally cxjv flowan] s. Hilm--ul, �e rsor
<br />Conservator of th` Estate of lk'lcn I�:ne, a prot:ectcd f �311y
<br />t� l:�rx3 C. GanTwish, personally known to rrr, to ]x Yhr Pn: silent of Cnvxlw.ish Serc3 rI"ar�,3a
<br />Cnc. , who both ackrx"Iedged the execution of tJre fore ing den f- (;- .Ulgwi.s tS ocl F their
<br />vsoltnt:aryy aut and deed.
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