83001062 - Laserfiche WebLink

Browse

I LEASE AGREEMENT .83:- ..1062' This Lease Agreement made and entered into this day of December 1981, by and between LARRY D. PARTRIDGE, hereinafter referred to as Lessor and ROLLIN PACKER, hereinafter referred to as Lessee. WITNESSETH: For and in consideration of the mutual covenants herein contained and the valuable consideration to be paid, the Lessor does hereby lease and let unto Lessee 110 tillable acres, more or less, located in the Northwest Quarter of the Northwest Quarter (NW~NW~) and Lot Two (2) and part of Lot Three (3) on the island and part of Lot Two (2) on the mainland, all located in the Northwest Quarter (NWlo.) of Section Five (5), 'Township Nine (9) North, Range Eleven (11) West of the Sixth P.M., in Hall County, Nebraska. This lease is made upon the terms and conditions and for the rentals to be paid as hereinafter set forth: 1. The Lessor by this Lease Agreement does hereby lease and let the above described premises to the Lessee for the period of five years beginning on the 1st day of March, 1982 and ending on. the 28th day of February, 1987. The Lessee covenants and agrees to pay as rent the following amounts: On July 1, 1982 and on November 1, 1982 two payments of S5,800.00, each; on July 1, in the year 1983 and on November 1, 1983 two payments of $6,900.00 each and on ,July 1 and November 1, in each of the years, 1984 1985 and 1986 - $9,900.00 each payment. 2, The Lessee covenants and agrees that Lessor shall have a lien upon all and any part of the crops growing or gathered on the premises during the term of this Lease, as well as the proceed~ of those crops. This lien shall remain in full force and effect until the rental terms of the Lease, as herein set forth, have been fulfilled. 3. The Lessee shall do at its expense the necessary leveling and Lessee shall install and own the pump and the power unit for operating the pump. 4. The Lessee shall pay the balance of the maintenance expense not covered by warranty or landlord's share and shall pay all other costs of maintaining the property ~nd qrowinq tr,e crops .I'I\~ ./ \4Sb<'.wd. If.s.... 1t..... -i". ,~_ PI1lf6t'rISJAII./'1 ~l... -,",,~'r ""'. _.->i...........- ...,,-\. -j'~ "....IotJ."'1 ~..j,....i,.. -....s~ 'ir."'" "S~c .~ ~ fCML...,. .... u.,.r ~ e.- ~CD~'J, S_I! -i...:~ -'..'[\ i\.,. ..,... "": H "t ..... .. S.- c~ e..{" c c' 5. The Lessee shall, at Lessee' s expense, seed the ground with annual rye grass after the potatoes are harvested each year during the term of this lease. 6. After the Lessee removes Lessee's potato crop each year during the term of this Lease and reseeds the ground into rye gr~ss, Lessor shall have the sole and exclusive right to use the real estate for pasture until time for the planting of the next potato crop. 7. Lessee shall pay all real estate taxes assessed against the premises including the irrigation pivot system -1-