R2026-09 Resolution Authorizing a 2026 Cash Rent Farm Lease with Peter Pistorius for Farm #5 in Harristown

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Docusign Envelope ID:ACBA4C68-9190-4113-986D-AC8E317A2E06 advanced, or monies or grain due for the rent and the expense of attending such crop as aforesaid, to pay the residue, if any, to the Tenant.If the Tenant shall fail to pay the cash rent and advances,or account for the crop share as herein stipulated or shall fail to keep any of the agreements of this lease,all costs and attorney's fees of the Landowner in enforcing collection or performance shall be added to and become a part of the obligations payable by the Tenant hereunder and shall be considered rents. The obligation of Tenant to pay rent shall not be deemed to be waived,released or terminated by Landowner's service of any notice or suit. S) FINANCIAL DISCLOSURE: It is agreed by and between the Landowner and the Tenant that the continued fmancial ability of Tenant to perform his obligations under the terms of this lease is a condition to the granting of the lease by the Landowner to the Tenant. Tenant shall furnish such financial information as may be requested,including a current financial statement. Failure to produce requested information shall constitute default under the foregoing paragraph. T)SOIL CONSERVATION: The Landowner and Tenant confirm the common goal of minimizing soil erosion losses and preserving productivity of the premises. It is the Tenant's direct responsibility to implement any conservation tillage,crop rotation,and maintenance practices required by the Natural Resource Conservation Service and authorized by the Landowner to be in compliance with existing USDA Farm Programs as administered by the Farm Service Agency. U)RELATIONSHIP OF PARTIES:It is agreed that the Tenant is an independent contractor.Landowner shall not be responsible for Tenant's employee's wages and payroll taxes. The relationship between the parties is such that neither is the agent or partner of the other for any purpose whatsoever. The rights of Tenant under this agreement are not assignable by him for any purpose. V) SEVERABILITY: If any term or provision of this Lease or the application thereof to any person or circumstance shall, to any extent,be invalid or unenforceable,the remainder of this Lease or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and be enforced to the fullest extent permitted by law. If a court having proper jurisdiction holds a particular Lease provision unreasonable,that restriction shall be modified to the extent necessary in the opinion of such court to make it reasonable and legally valid. W)APPLICABLE LAW AND VENUE: The laws of the State of Illinois shall govern the validity,performance,and enforceability of this Lease. The parties irrevocably consent to the exclusive jurisdiction for any lawsuit arising under this Lease to be in the Circuit Court of Macon County,in Decatur,Illinois or,if applicable,the United States District Court for the Central District of Illinois,Urbana, Illinois Division. X)EXTENT OF AGREEMENT: The terms of this lease shall be binding upon the heirs,executors,administrators,and successors of both the Landowner and the Tenant in like manner as upon the original parties. Amendments to this lease may only be made in writing signed by the Landowner and the Tenant. All of the rights and privileges and reservations in favor of the Landowner may be exercisable by First Illinois Ag Group in its representative capacity. Y) YOU ARE HEREBY NOTIFIED that FIRST ILLINOIS AG GROUP ("Agent") is a real estate licensee and is acting as Agent for CITY OF DECATUR("Landowner")in this transaction. Agent is not representing you in this transaction and any benefit you receive as a result of Agent's work on this transaction is purely incidental and should not be construed as creating an agency relationship between you and Agent. Agent owes the Landowner in this transaction undivided fiduciary duties, which include but are not limited to the duties of loyalty,disclosure,obedience,confidentiality,and reasonable care. Agent must put Landowner's interest first and negotiate the best terms and conditions for Landowner,not for you. You have the responsibility to protect your own interests. Carefully read all agreements to make sure they accurately reflect your understanding. If you need additional advice for legal,tax,insurance,building inspection,equipment inspection,or other matters, it is your responsibility to consult a professional in those areas. In addition, you can choose to have the advice, assistance,and representation of your own real estate licensee. Do not assume that a real estate licensee is representing you or is acting on your behalf unless you have contracted in writing for such representation. 5