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Docusign Envelope ID:ACBA4C68-9190-4113-986D-AC8E317A2E06
<br /> (Upon completion and execution by the parties, this document shall become a binding lease)
<br /> CASH RENT FARM LEASE
<br /> THIS LEASE is entered into by and between LANDOWNER, CITY OF DECATUR FARM by and through the
<br /> LANDOWNER'S AGENT,FIRST ILLINOIS AG GROUP,and TENANT,PISTORIUS FARMS,LLC,PETER PISTORIUS,
<br /> PRESIDENT,9044 DAMERY RD,BLUE MOUND,IL 62513
<br /> THE LANDOWNER leases to the Tenant,for agricultural purposes only,the following described real estate(hereinafter"premises"),
<br /> including the fixed improvements thereon:
<br /> Farm #5-Macon County tillable acreage located in Parcel 1: That part of the South 1/4 of the Northeast 1/4 of Section
<br /> Thirty-Two(32)Township Sixteen(16)North,Range One(1)East of the 3rd P.M.(except that part heretofore conveyed
<br /> for road purposes)
<br /> Parcel 2:Tract I:The Southwest 1/4 of Section Twenty-Nine(29)and the West 1/4 of the Southeast 1/4 of Section 29,except
<br /> the south 20 feet thereof, all in Township Sixteen(16)North, Range One(1) East of the 3rd P.M., situated in Macon
<br /> County,Illinois.
<br /> Tract II:All that part of the South IA of the South 1/4 of the Southeast 1/4 of the Southeast V4 of Section Twenty-Nine(29),
<br /> Township Sixteen (16 )North, Range One (1)East of the 3rd P.M. , lying west of the public highway,known as the
<br /> Lincoln Memorial Highway,as shown on plat recorded in Book 745.Page 165 of the records in the recorder's office of
<br /> Macon County,Illinois. Situated in Macon County,Illinois.
<br /> Parcel 3:The South 20 feet of the West 1/4 of the Southeast 1/4 of Section 29;the Northeast V4 of the Northwest 1/4;the
<br /> South V2 of the Northwest 1/4;and all of the North Y2 of the Northeast 1/4 lying west of County Highway Number 27;of
<br /> Section 32;all in Township 16 North,Range 1 East of the 3rd Principal Meridian,Macon County,Illinois,described in
<br /> detail as follows:
<br /> Beginning at a stone marking the Northwest corner of the Northeast''/4 of said Section 32;thence north 20 feet along the
<br /> west line of the West 1/2 of the Southeast 1/4 of said Section 29;thence south 89°27'16"east 1319.87 feet,more or less,
<br /> to a point on the east line of the West'A of the Southeast 1/4 of said Section 29;thence south 20 feet along said east line
<br /> to a point on the north line of the Northeast 1/4 of said Section 32;thence S 89°27'16"east 755.40 feet along said north
<br /> line to a point on the west right of way line of County Highway Number 27; thence south 14°53'15" east, 122.85 feet
<br /> along said right of way line;thence along a curve to the right having a radius of 2764.90 feet for an arc distance of 537.33
<br /> feet;thence south 4°45'36"east 669.15 feet along said right of way line to a stone on the south line of the North'/2 of the
<br /> Northeast''/4 of said Section 32;thence north 89°31'01"west 2282.00 feet to a stone marking the southwest corner of the
<br /> North V. of the Northeast 1/4 of said Section 32;thence south 0°56'29"west 1313.70 feet to the southwest corner of the
<br /> Northeast''/4 of said Section 32;thence south 89°50'22"west 2643.44 feet to the southwest corner of the Northwest 1/4 of
<br /> said Section 32; thence N 0°54'08" east 1329.76 feet to a stone marking the northwest corner of the South '/2 of the
<br /> Northwest 1/4 of said Section 32;thence south 89°48'44"east 1322.04 feet;thence north 0°55'18"east 1321.73 feet;thence
<br /> south 89°27'51"east 1322.41 feet to the point of beginning.
<br /> Parcel 4: Lot 2 in Decatur Vulcan addition,being a resurvey of a part of Lots 3 and 4 of Video Place in Section 22,
<br /> Township 16 North,Range 2 East of the 3rd P.M.,according to the plat thereof recorded April 27, 2004 as Document
<br /> No. 1656146,situated in Macon County,Illinois.
<br /> A)LENGTH OF TENURE: The term of this Lease shall begin on the latter of March 1,2026,or the date of signing of this Lease and
<br /> shall end the last day of February 2027,or after all the crops on the premises have been harvested,whichever occurs first. Landowner
<br /> may terminate this Lease without cause any time prior to March 1,2026,by giving Tenant five(5)days advance written notice. In the
<br /> event this Lease is terminated without cause by Landowner,the Tenant will be reimbursed for all farming operations completed at going
<br /> custom rates and crop inputs purchased providing Tenant furnishes Landowner an invoice and receipts or other supporting material for
<br /> such operations or purchases upon Landowner's request. This shall be Tenant's sole remedy in the event this Lease is terminated without
<br /> cause.
<br /> B)RENT AND TIME OF PAYMENT: The tenant agrees to pay the landowner a base rent of$315.00 per acre on 129.76 tillable
<br /> acres,for a total of$40,874.40 on or before March 15,2026(the"due date"). If the Landowner has not received the base rent,in
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