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a � <br />� � 7 <br />� 'NJ <br />op <br />M <br />.A <br />M <br />Z <br />C) { <br />n is <br />m ,1 <br />rZi <br />0 <br />FARM LEASE AGREEMENT - "%" <br />�D <br />GJ <br />r� <br />C) Cn <br />o -� <br />C-_n <br />M <br />O -Tt <br />f rl <br />T> C� <br />r n <br />Cn <br />n <br />Cn <br />Cn <br />This Farm Lease Agreement is entered into this 15� day of January, 2001 <br />between Dale A. Whitefoot, as Trustee of The Dale A. Whitefoot Trust created by the <br />Revocable Living Trust Agreement dated February 7, 1994, hereinafter referred to as <br />"Owner", and Russell D. Hendrickson and Maura K. Hendrickson, husband and wife, <br />jointly and severally, hereinafter referred to as "Tenant ". <br />1. THE PROPERTY. The property which is the subject of this Agreement is legally <br />described as follows: <br />North Half of the Northwest Quarter (N '/ NW %) of Section Twenty -eight (28), <br />Township Ten (10) North, Range Twelve (12) West of the 6th p.m. in Hall <br />County, Nebraska; <br />East Ten (10) acres of the Southwest Quarter of the Southeast Quarter (SW % <br />SE %) of Section Twenty -eight (28), Township Ten (10) North, Range Twelve <br />(12) West of the 6th p.m. in Hall County, Nebraska; <br />Southeast Quarter of the Southeast Quarter (SE % SE Y4) of Section Twenty - <br />eight (28), Township Ten (10) North, Range Twelve (12) West of the 6th p.m. and <br />that part of the Northeast Quarter (NE %) located North of the right -of -way of <br />Union Pacific Railroad Company and U.S. Highway No. 30 in Section Thirty - <br />three (33), Township Ten (10) North, Range Twelve (12) West of the 6th p.m. in <br />Hall County, Nebraska. <br />The West thirty (30) acres of the Southwest Quarter of the Southeast Quarter <br />(SW % SE %) in Section Twenty -Eight (28), Township Ten (10) North, Range <br />Twelve (12) West of the 6th P.M. in Hall County, Nebraska. <br />2. AGREEMENT TO LEASE. The Owner agrees to lease to Tenant and Tenant <br />agrees to lease from Owner the property for the term and under the covenants and <br />considerations hereinafter set forth. <br />3. TERM. The property is hereby leased by Owner to the Tenant for a term <br />commencing March 1, 2001 to February 28, 2002. <br />4. RENT. Tenant agrees to pay as rentals for the term cash rent in the total <br />amount of Thirty Thousand Four Hundred Eighty -five Dollars ($30,485.00) due and <br />payable on January 1, 2002. Payment of the rent shall be by bank draft or cashier's <br />check made payable to: Dale A. Whitefoot, as Trustee of the Dale A. Whitefoot <br />Revocable Trust. Any unpaid balance of rental from and after the due date shall draw <br />interest at the rate of 16% per month. <br />5. OPERATIONAL EXPENSES. The Tenant shall furnish and provide all of their <br />own irrigation pipe and equipment. The Tenant shall assume all daily maintenance of <br />irrigation equipment. The Tenant shall supply all the equipment for planting and <br />harvesting of the crops. The Tenant shall furnish all labor and expenses for the <br />0 <br />N <br />O <br />O <br />F-+ <br />CD <br />O <br />-J <br />w <br />CD <br />A. <br />CU <br />a <br />0 <br />