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j~~c-ac: ~• C- ~ %R TCJ~~~j~~j FARM LEASE ~ ~Gi 1 7 '79 ~~. ~~ ~ 12 1 ~ THE FOLLOWING AGREEMENT is hereby consummated by the t#epar ant'"of''~.,2 0 Public Institutions, State of Nebraska, as Lessor, and James A 'and ~ ~~ - 7c 4 `ya Robert D. Wood of 3432 Schroeder Avenues - &raffi1 Islami Nebraska, as Lessen, af'$e folio~rzng '~""~';`~'~ 7+~~ ,Clerk prapeMy situated in Nall County, Nebraska: All portions of Section S and of the South One-Half (Lot Y) of Fractional Section 6, both in Township Ii North, Range 9 West, Hall County, Nebraska, lying north of the north right-of-way line of the Burlington Northern, Inc. Railway - - and excluding sixty-six (65) fool right-of-way to the City of Grand Island, lying along the east boundary line of Section 5 and roadway right-of-way granted to the Slate of Nebraska Department of Roads. And also a Lotal of 100. s' acres also in Section 5 and Fractional Section 6, lying south of the road+ray right-of-way granted to the State of Nebraska Degart- seat of Roads, (Hwy. 2) which eastern border begins west of the Nebraska Veterans Haae caapus buildings and extends south to the soutLarn boundary of Section 5 along Capital Avenue and west to Mebb Road. Areas excluded are the cemetery and trees along Capital Avenue and Nebb Road. The total tract contains approximately 502.4 acres. The tern of this lease shall be far 3 years frog the lsi day of March , i477, through the 23Yh day of February , 1980. Aeen~ents and alterations wtually agreed upon during the life of this lease shall be lade is writing. Notice to vacate prior to the tx- pintian of this Lease need not be given by the Lessor. Cash real shall be 31D4.72 per acre per year, a total of 3l5?,708-32 for the tern: stated shave, and is payable as faiiors: 3 3,000.00 on Noveaber 19, 197& 3?3,284.72 on March 1, l0?7 326,281.72 on Daca~rer 15, I3~7? 326,284.72 as March 2, 3976 326,284,72 on Dece~rs 15, 1478 326,284.72 on March 1, 1979 326,284,72 on December 15, 1979 Should nay installment not be psis! oa or before the due d?te, the remt far tlse unexpired prrrtion of the tern shall becaae dun and payable iaediately. Shonid the lessee be unable to give imediate possession of the greeis~ after the tp*~i*+atioa of this lease, without the express written oa~asetat of the Lessor, he shall pay to the Lessor 3?3.00 per day as rent. 23sis prorisian slisii mt. ho+rewer, codify the Lessor's right to re-enter smd rsass the prsasises, Wert shall it be construed as an extension of il}is lease.