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F
<br />IN
<br />ASSIGNMENT AND CONVEYANCE OF INTEREST
<br />UNDER FARM LEASE AND OPTION
<br />85-001446
<br />THIS ASSIGNMENT AND CONVEYANCE, made and entered into as of
<br />the 26''S day of MareA , 1985, b Garet Seed Company,
<br />Limiter Partners i y pang. an Iowa
<br />p, n a Garet Seed Company Limited Partner-
<br />ship, Assignor and Grantor, and Garet Research Farms, Inc., a
<br />Nebraska corporation, Assignee and Grantee, WITNESSETH:
<br />WHEREAS, the Assignor and Grantor is the Lessee under that
<br />certain Farm Lease dated September 13, 1983 by and between John
<br />Cler and Esther Cler, husband and wife, Lessors, and the
<br />Assignor and Grantor, Lessee, which Lease was recorded on
<br />September 13, 1983 as Document No. 83- 005057 in the office of the
<br />Recorder for Hall County, Nebraska, and covers the following -
<br />described real estate situated in Hall County, Nebraska, to -wit:
<br />The Southeast Quarter of Section Twenty -Seven (27),
<br />Township Eleven (11), Range Eleven (11) West of the
<br />6th P.M., Hall County, Nebraska, excepting therefrom
<br />the Southwest Quarter of the Southwest Quarter (SW 1/4
<br />SW 1/4) of said Southeast Quarter (SE 1/4), except all
<br />mineral lands should any be found to exist in the
<br />subject property (said exception shall not be construed
<br />to include coal and iron land) and all rights and ease-
<br />ments in favor of the estate of said minerals.
<br />WHEREAS, on September 13, 1983 John Cler and Esther Cler,
<br />husband and wife and Assignor and Grantor executed an Option to
<br />Purchase, granting an option to purchase the above - described prem-
<br />ises to the Assignor and Grantor, such option to be exercised on
<br />or before January 15, 1994.
<br />NOW THEREFORE, in consideration of Ten Dollars ($10.00) and
<br />other good and valuable considerations, the receipt, adequacy and
<br />sufficiency of which are hereby acknowledged by the Assignor and
<br />Grantor, said Assignor and Grantor (i) hereby assigns all of its
<br />right, title and interest as Lessee under, and all of its right,
<br />title and interest in and to the real estate described in, the
<br />above Farm Lease and (ii) hereby grants, bargains, sells, and
<br />conveys all of its right, title and interest in and to the above -
<br />described real estate, all unto Assignee and Grantee.
<br />This document further assigns unto the Assignee and Grantee
<br />all rights of Assignor and Grantor in and to the Option to
<br />Purchase the above- described real estate.
<br />In consideration for such assignment and grant, Assignee and
<br />Grantee hereby assumes, undertakes and agrees to perform each and
<br />all of the obligations of the Assignor and Grantor under the
<br />above Farm Lease and Option to Purchase is all things, all as
<br />more fully set forth therein, and also agrees to indemnify and
<br />hold harmless the Assignor and Grantor from any liability or
<br />expense of any nature suffered by it should Assignee and Grantee
<br />not so perform.
<br />a
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