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2oioo~si5 <br />3. Rent. <br />3.1 Amount. The Lessee shall rent from the Lessor, approximately 324.91 tillable acres at <br />$243.67 per acre as described in Section 1, Property Description. <br />3.2 Payment Schedule and Payment Address. The Lessee agrees to pay the Lessor a total annual <br />cash rent of Seventy-nine Thousand One Hundred Seventy and 82/100ths Dollars ($79,170.82). The annual <br />cash rent shall be paid semi-annually, as follows: <br />April 1, 2010 $39,S8S.41 December 1, 2010 $39,5$5.41 <br />March 1, 2011 $39,585.41 December 1, 2011 $39,585.41 <br />March 1, 2012 $39,5$5.41 December 1, 2012 $39,5$5.41 <br />The total value of this Lease over three (3) years is Twa Hundred Thirty-seven Thousand Five Hundred Twelve <br />and 46/100ths Dollars ($237,512.46). <br />All payments for the Term of this Lease shall be made payable to: <br />AS/State Building Division - VBEL Fund <br />and payments shall be mailed to: <br />A5/Central Services -Finance <br />PO Box 94953 <br />Lincoln, NE 68509-4953 <br />3.3 Termination upon Default of Rental Payments. The Lessor may cause a forfeiture of this <br />Lease if the Lessee is in default of making payments as provided in this Lease. However, the Lessor shall first <br />notify the Lessee of Lessor's decision to terminate this Lease and the Lessee shall then have a period of thirty <br />(30) days from notification in which to make the payments correct. <br />4. Operation and Maintenance of Property. In order to operate this Property efficiently and to <br />maintain it in a high state of productivity, the parties agree as follows: <br />4.1 General Maintenance. To maintain the Property and its improvements during Lessee's <br />tenancy in as good a condition as it was at the beginning; Lessor excepts normal wear and depreciation <br />and damage from causes beyond the Lessee's control; to keep farmstead neat and orderly, and to <br />prevent any unnecessary waste, loss or damage to the Property and use due care to prevent others from <br />committing waste or damage to said Property. <br />4.2 Vegetation. To not allow noxious weeds to go to seed; to destroy noxious weeds, as needed; <br />to cut all weeds, sprouts and brush in fence rows and along roads adjoining said Property; to accept <br />responsibility, and the cost thereof, for eradication of noxious weed infestation; to spray for noxious <br />weeds on a date or dates recommended by the local county extension agent; and if Lessee fails to spray <br />within ten (10) days of the recommended date, to accept responsibility for any and all costs incurred by <br />Lessor in spraying; to pay any fines levied as a result of the presence of noxious weeds on the Property; to <br />not cut live trees for sale or personal use; to protect the roots of any trees growing in the fields or near <br />any fence by leaving a space around the trees while plowing. <br />DB 23 Farm Lease Page 4 of 9 <br />GIVH 324.91 ac tract Orlglnals (2) printed on watermarked bond <br />