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Docusign Envelope ID:3FBBA893-84BD-4170-86A7-921 E9E3E7398
<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,by and through the LANDOWNER'S
<br /> AGENT,FIRST ILLINOIS AG GROUP,and TENANT,ANDY FREELAND,4510 Britton Lane,Mt.Zion,IL 62549.
<br /> THE LANDOWNER leases to the Tenant,for agricultural purposes only,raising corn or soybeans,the following described real estate
<br /> (hereinafter"premises"), including the fixed improvements thereon:
<br /> Farm#3-The leased premises limited to the tillable acreage located inside the Oakley Sediment Basin berms located
<br /> in the North Half(N'/2)of Section Two(2);and the Northeast Quarter(NE'/)of Section Three(3);all in Township
<br /> Sixteen North(T16N),Range Three East(R3E)of the Third Principal Meridian(3'P.M.),Oakley Township,Macon
<br /> County,Illinois. Aerial photo attached identifying leased area outlined in yellow labeled 80 Acre Plot.
<br /> A)LENGTH OF TENURE: The terms of this Lease shall begin on the date of signing of this Lease and shall end November 1,2026.
<br /> B)RENT AND TIME OF PAYMENT: The Tenant agrees in lieu of paying cash rent to till,incorporate fertilizer,and plant corn or
<br /> soybeans.If the Tenant has not seeded a crop by June 30,2026,Landowner may terminate this Farm Lease.
<br /> Landowner is not obligated to reimburse Tenant for farming operations or crop inputs purchased.If the Tenant has not harvested a crop
<br /> by November 1,2026,the crop is considered abandoned,and the lease is terminated. Landowner is not obligated to reimburse Tenant
<br /> for any value of abandoned crop or farming operations and purchased inputs. Landowner is not obligated to reimburse Tenant for any
<br /> value of destroyed crop or farming operations and purchased inputs.
<br /> C)SOIL FERTILITY: Tenant shall apply and pay for,prior to planting this lease year,fertilizer projected to be removed by harvest
<br /> of corn or soybeans.A paid fertilizer receipt to be provided to Landowner.
<br /> D)LANDOWNER AGREES TO PAY THE FOLLOWING EXPENSES:
<br /> 1. Taxes on premises and improvements owned or held by Landowner.
<br /> 2. Materials the Landowner deems necessary for repairs and improvements on the above-described premises.
<br /> E)LANDOWNER WILL NOT PAY FOR THE FOLLOWING: The Landowner shall not be obligated to pay for any fertilizer,
<br /> limestone,seed,chemicals,soil testing,machinery,power or labor,except skilled labor required to make repairs or improvements as
<br /> expressly approved by Landowner.
<br /> F)TENANT SHALL HAVE THE FOLLOWING DUTIES IN OPERATING THE PREMISES:
<br /> 1. To cultivate the premises faithfully and in a timely,thorough and businesslike manner.
<br /> 2. To keep premises neat,and to prevent any unnecessary waste,damage,or soil erosion.
<br /> 3. Not to allow noxious weeds to go to seed on said premises,but to destroy same
<br /> 4. To keep open ditches,tile drains,tile outlets,grass waterways,and terraces in good repair. To preserve established watercourses
<br /> or ditches and to refrain from any operation that will injure them.
<br /> 5. Not to burn corn stalks,cobs,straw or other residue grown on the premises without landowner permission.
<br /> 6. To clip small grain stubble and to prevent noxious weeds from going to seed.
<br /> 7. To follow such crop rotation, tillage practices, fertilizer, herbicide and insecticide programs, conservation measures, and
<br /> arrangements as are worked out with the Landowner or his Agent. Landowner is not liable for the cost of over application of
<br /> fertilizer,limestone,herbicide,and/or insecticide.
<br /> 8. To comply with pollution control and environmental protection requirements,and to implement soil erosion control practices.
<br /> 9. To use prudence and care in transporting, storing, handling, and applying all fertilizers, pesticides, herbicides, and similar
<br /> substances.To read and follow instructions on the labels for the use of such materials in order to avoid injury or damages to persons
<br /> or premises or both on the leased premises and adjoining areas. To comply with all applicable federal, state and local statutes,
<br /> regulations,rules and ordinances.
<br /> 10. Not to cut, bulldoze, damage or destroy (or permit any such damage or destruction) of trees without written permission of
<br /> Landowner.
<br /> 11. Not to permit,encourage,or invite other person or persons to use any part or all of the premises for any purpose or activity not
<br /> directly related to its use for agricultural production,including hunting.
<br /> 12. Not to either dispose of solid waste or permit others to dispose of solid waste on the premises.
<br /> 13. Not to store chemicals on the premises.
<br /> 14. To certify all acres planted and production harvested from the premises each year in compliance with the Government Program in
<br /> effect at that time as required by the Farm Service Agency and provides a copy of certification to Landowner.
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