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85-'= 001449 TRIPLE NET LEASE WHEREAS, Garst Research Farms, Inc., a Nebraska corporation, is the owner of the following - described real estate: A tract of land in the Southeast Quarter (SE 1/4) of Section 27, Township 11 North, Range 11 West of the 6th P.M., Hall County, Nebraska, being more particularly described as follows: Beginning at the Southwest corner of said SE 1,'4; thence running 'dortherly on the West line of said SE 1/4 on an assumed bearing of N 000 00' 00" E a distance of 660 feet; thence running S 89° 50' 24" E a distance of 660.00 feet; thence running S 00° 00' 00" w a distance of 660.00 feet to a point on the South line of said SE 1/4; thence running N B9° 50' 24" W on the South line of said SE 1/4 a distance of 660 feet to the point of beginning, except all mineral lands should any be found to exist in the subject property (said exception shall not be construed to include coal and iron land) and all rights and easements in favor of the estate of said minerals. and WHEREAS, Garst Seed Company, an Iowa corporation, desires to lease the afore- described on the terms hereinafter set forth; NOW, THEREFORE, Garst Research Farms, Inc., a Nebraska cor- poration ( "L-�ssor ") does hereby lease to Garst Seed Company, an Iowa corporation ( "Lessee ") the above- described property under the following terms: 1. The terns of the Lease shall commence March 2 ^, 1905 ar-.d end February 28, 1986. 2. Rent shall be an amount equal to all operating expenses of the Lessor, with the exception of the rent payable under the Farm Lease filed as Document No. 83- 005057, payable as requested by the Lessor. 3. This shall be a Triple Net Lease to Lessor and the Lessee shall be responsible for all taxes, insurance, main- tenance, repairs, and expenses. Breach of any the foregoing obligations shall entitle the Lessor to the same remedy as non- payment of rent. 4. Breach of any of the terms hereof, including the non- payment of rent, shall, unless cured within thirty (30) days after notice in writing, entitle the Lessor to terminate the Lessee's right to possession and all other rights hereunder without any further notice. Then and in that event, the Lessee