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<br />83-1)05057
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<br />FARM LEASE
<br />
<br />This Lease made and entered into this /3l.i!day of
<br />9~p~Jlrf' 1983, by and between John Cler and Esther Cler,
<br />hUll and an ~,ife, of Wnod River, Hall County, Nebraska, lessors,
<br />hl'reinafter called "Cler", and Garst Seed Company, a limited
<br />partnership, of Coon Rapids, Carroll County, Iowa, lessee,
<br />hereinafter cillled "Garst". as follows:
<br />
<br />Whereas, Cler is the 0wner of the following described real
<br />estate, to-t.it:
<br />
<br />The Southeast Quarter of Section Twenty-seven (27), Township
<br />Eleven (11), Range Eleven (l1), Hall County, Nebraska,
<br />excepting therefrom the Southwest Quarter of the Southwest
<br />Quarter (SWk SW%) of the said Southeast Quarter (SEt), said
<br />tract of land consisting of 150 acres, more or less,
<br />
<br />and,
<br />
<br />\1hereas, Clf'r desires to lease to Garst and Garst desires to
<br />become the lessee of the above described real estate under the
<br />terms, conditions. and provisions hereinafter set out.
<br />
<br />Not., Therefore, Is Is Hf!reby AgreE'd that Cler lease to Garst
<br />and Garst lease from eler the ahove rleAcrihed real estate under
<br />the following terms:
<br />
<br />t\, This leils<" tlhilll "xtend for il term from Harch 1, 1984,
<br />through Fl'hrull ry 28, 19C1l,.
<br />
<br />B. GinAt agr('es to PilY Cll'r i.n Wood River, Nebraska, or
<br />elsewhere as Cler may designate for the use of said premises
<br />and the crops ther~from, a rental of Three Thousand Six
<br />Hundred Dollars (SJ,600.00) per month, the first payment to
<br />be due and payablp March 1, 1984, and each subsequent
<br />payment to be made on the first day of each month thereafter
<br />during the term of the leAse, said lease to expire On the
<br />28th d;JY of Febnlilrv. ICl94.
<br />
<br />C. Cler agrees to pay oil reol estate taxes due and payable
<br />on March I, 1984, nnd Garst Dgrees to pay when due all taxes
<br />and assessments which may thereafter be validly assessed,
<br />levied or imposed during the term of this lease.
<br />
<br />D. Garst shall have the right, at its OI~n expense, to make
<br />additions, alterations, changes and improvements in and on
<br />the premises, inclUding the removal and disposition of
<br />buildings, fences and trees without being accountable
<br />therefor and without liability for waste therefor.
<br />
<br />E. All expenses of farming the premises including, but not
<br />limited to, commen:ial fertilizer, lim<il, chemicals, seed,
<br />spraying, labor, ~Rchinpry Rnd equipment shall be borne by
<br />Garst.
<br />
<br />F. Participation of the farm in llny progrllma off!?red by thp
<br />U. S. ,Department of Agriculture for crop production c"ntrol
<br />o.t" 8011 conservation and the obsprvllnce the termq of same
<br />shall be at the option of Garst and govE'rnment payments
<br />thereunder t,hall be to Garst.
<br />
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