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Z <br />1 <br />W <br />.c <br />c <br />w <br />s. <br />m tDi1 <br />I .v � <br />) <br />co <br />O Q. <br />o o N H <br />G <br />1, N y Oo CD CD <br />O .�._.. O <br />S N <br />U1 <br />o FARM LEASE AGREEMENT <br />This Farm Lease Agreement is entered into this 15"' day of January, 2002 between <br />Dale A. Whitefoot, as Trustee of The Dale A. Whitefoot Trust created by the Revocable <br />Living Trust Agreement dated February 7, 1994, hereinafter referred to as "Owner", and <br />Russell D. Hendrickson and Maura K. Hendrickson, husband and wife, jointly and <br />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 a p.m. in Hall <br />County, Nebraska; <br />East Ten (10) acres of the Southwest Quarter of the Southeast Quarter (SW %. <br />SE %s) 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 %) of Section Twenty - <br />eight (28), Township Ten (10) North, Range Twelve (12) West of the 6`h 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 6`h p.m. in <br />Hall County, Nebraska. <br />The West thirty (30) acres of the Southwest Quarter of the Southeast Quarter <br />(SW %. SE '/4) in Section Twenty -Eight (28), Township Ten (10) North, Range <br />Twelve (12) West of the 6`h 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, 2002 to February 28, 2003. <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, 2003. 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 />