07-115 Resolution No. 07-115
RESOLUTION
AUTHORIZING EXECUTION OF AN ILLINOIS CASH FARM LEASE AGREEMENT
(Elgin Regional Park Property)
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,ILLINOIS,that
Olufemi Folarin, City Manager, and Dolonna Mecum, City Clerk, be and are hereby respectively
authorized and directed to execute a written Illinois Cash Farm Lease agreement with
Sherri DeRaedt for the premises commonly known as the Elgin Regional Park-Pollnow farm
consisting of 224 acres,Elgin,Illinois, a copy of which is attached hereto and made a part hereof by
reference.
s/Ed Schock
Ed Schock, Mayor
Presented: May 9, 2007
Adopted: May 9, 2007
Omnibus Vote: Yeas: 7 Nays: 0
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
Illinois Cash Farm Lease
TO USe Phis lease form: Complete two identical copies-one for the Lessor(Landowner)and one for the Lessee(Tenant).Cross out anyprovisions
that are not to become apart of the contract and add any additional provisions that are desired.If preparing the lease manually,use ink or typewriter:
however,the web-based lease form can be filled in on-line before printing. This lease form is available on the farmdoc website at
<http://www.farmdoc.uiuc.edu/legallfarm_lease arms_abs.html>.Additional leasing information can be found in the Leasing Fact Sheets prepared by
University oflllinois Farm Business Management Educators located at<http://www.farmdoc.uiuc.edu/manage/leasing_fact_sheets.html>. Note.A lease
creates and alters legal rights;thus,Landowners and Tenants may want to discuss specific lease provisions with their respective legal advisors.
Date and names of parties.This lease is entered into on May 1,2007,between:
Lessor(s)(Insert Landowner's exact name):City of Elgin,Illinois,Whose mailing address is 150 Dexter Court,Elgin,IL 60120,
and
Lessee(s)(Insert Tenant's exact name):Sherri DeRaedt, whose mailing address is I ON841 Tower Road,Hampshire,11,60140,
and whose Social Security Number or Employer Identification Number(if Tenant is an entity other than an individual)is 329-50-6467.
The parties to this lease agree to the following provisions.
Section 1. Description of Rented Land and Length of Tenure
A. Description of Land. The Landowner(Lessor)rents and leases to the Tenant(Lessee),to occupy and to use for
agricultural purposes only,the following real estate located in the County of Kane and the State of Illinois,and described as
follows: Elgin Regional Park, commonly known as the Pollnow farm and consisting of approximately 224 acres,together
with all improvements thereon belonging to the Lessor,except
B. Length of tenure. The term of this lease shall be from May 1, 2007, to December 1,2007,and the Lessee shall
surrender possession at the end of this term or at the end of any extension thereof. Extensions must be in writing and attached
to this lease,and both parties agree that failure to execute an extension at least 2 months before the end of the current term
shall be constructive notice of intent to allow the lease to expire.
Section 2. Fixed Cash Rent (With Option for Indexing)
Tenant agrees to pay Landowner annual fixed cash rent as identified below;however, if the"option for indexing"is also
completed,the rent shall be adjusted as described in the option for the years following the first year.
Fixed Rent:The annual cash rent shall be the sum of$36,512. This represents 224 acres of cropland at$163.00 per acre,
plus NA acres of NA at$ NA per acre,plus
NA acres of NA at$ NA per acre,plus
NA
Optionfor hidexinge After the fiFst year, the annual eash rent f,9F a pai4icular lease year shall be the Fixed Rent
above,but adjusted annually aftef the first year as follows:
,
Extension Educator. The editors express appreciation to other University of Illinois Extension Farm Business Management
and Marketing Educators for their assistance with this form.
Section 2 (Alternate). Flexible Rent Using Option 1, 11, or 111
le: Strike either Section 2 or Section 2(Alternate). The cash rent can be flexible and change each crop year.Abase rent can be established and djusted
has upon yield and/or price fluctuations. The factors to be used in adjusting the rent in Options 1 and 11 must be listed below.
Base cash rent Base yield Base price Min.cash rent cash rent
C (s) (per acre) (bu orton/acre) (per bu or per ton) (per acre) (per acre)
The current price for the cu t year shall be the average price at close of day based on t/ee riod(s)and cations(s):
Crop(s) Price source
ay Month through Month at
Da Month through Month at
Day Month through Month at
A. For each lease year,the per-acre base cash rent r each crop shall be adjusted at the c season by one of the following methods:
OPTION l—FLEXING FOR PRICE ONLY
Crop(s) Base rent x(Current price)Base pri ) =Rent acre' own =Adj.Rent for year
$ x$ _$ =$
$ x$ _$ x =$
$ x$ _$ x =$
Total all crops =$
OPTION Il—FLEXING FOR PRICE AND YIELD
Crop(s) Base rent x(Current price) x(Current yld' =Rendacre' x Acres grown =Adj.Rent for year
Base Price) Base yld)
$ x$ x$ _$ x =$
$ x$ x$ _$ x =$
$ x$ x$ _$ x =$
Total all crops =$
OPTION III—OTHER PROCEDURE TO BE USED
B. Additional Rent for Inflexible items(com ete at beginning of lease period)
Pasture $
Hay land $
Other inflexible cropland $
Timber,wasteland $
Farmstead $
TOTAL INFLEXI\REN $
C. TOTAL REN FOR YEAR: Sum the Flexible cropland rent(calculated from Part A, Option I. ent(from Part B).
$NA
If calcul d figure is less than"Min.cash rent"in'Basic Information,"use the set minimum.If calculated figure is more that"Max cash rent'in"B is
Informal' n,"use the set maximum.
2 The rrent yield shall be the"farm"yield for the current lease year
Page 2, Cash Lease— Farmdoc Form CL 0 1-0912
Section 3. Investments and Expenses
A. The Landlord agrees to furnish the property and to pay
the items of expense listed below:
1. The above-described farm,iced B. The Lessee agrees to furnish the property and to
pay the items of expense listed below:
. . ents to buildings and permanent fences 1. All the machinery, equipment, labor, fuel,and
exeept as agreed te in 134 and amendments to power necessary to farm the premises properly.
rh;� lease. 2. The hauling to the farm,except when otherwise
3. Skilled labor empleyed in making and r 5 agreed,of all material which the Lessor furnishes
for making repairs and minor improvements,and ents and all labepfer-�
buildings. the performing of labor,except skilled,required
for such repairing and improving.
4. Taxes on land,improvements,and personal 3. All seed, inoculation,disease-treatment
property owned by the Lessor. materials,and fertilizers,except that which the
5. Lessor agrees to furnish above.
value, en t..e residenee and all buildings owned by the Lessor aiid used by the Lessee in ster-in-ge
4. The following described items and all other
items of expense not furnished by the Lessor as
equipment.or-housing grain, feed, liVestock and provided in A:
6. Ground Iifnestonei LeSSEW is tO fUMiSh
—pereent or share of total ,
hauling and spreading.
7. A water-supply adequate for household use and
animal units F livestoeli.
8. Other--items: —
Section 4. Tenant's Duties in Operating Farm
The Tenant further agrees to perform and carry out the stipulations below. (Strike out any not desired.)
A. Activities required:
t. To cultivate the farm faithfully and in a timely, the),may be put by the Lessof during the tefm o
thorough,and businesslike manner. the lease or-dinaf�,wear-, loss by fire,e
2. To prevent noxious weeds from going to seed on
said premises and to destroy the same and keep 7—
the weeds and grass cut. shrubs, and to injui-y to the
3. To haul and spread all manure on appre 8. To keep the farmstead neat and orderly.
fields at fifnes and in qu tits with
q. To prevent all unnecessary waste,or loss,or
damage to the property of the Lessor.
ditches,4. To keep open tile drains,tile e io. To comply with pollution control and
grass water-ways,and tefFaees in good r-e. environmental protection requirements as
5. To preserve established watercourses or ditches, required by local, state, and federal agencies,as
and to refrain from any operation that will injure well as to implement soil erosion control
them. practices to comply with the soil loss standards
6. To keep the building, fenees(inoluding hedges), mandated by local, state,and federal agencies.
and other impr-evements in good fepair-a I]. To use prudence and care in transporting,
endition as rho...,--when th_ T.nan r..l..�
--., - -•-•• --- - �� • storing,handling,and applying all fertilizers,
of in as good repair-and eendition as pesticides, herbicides, and other chemicals and
Page 3, Cash Lease-Farmdoc Form C L 0 1-0912
similar substances;to read and follow label ground and clearly marked.No chemicals or
instructions for the use of such materials in order chemical containers will be disposed of on the
to avoid injury or damages to persons or property property.
or both on the leased premises and adjoining 14. To generally follow Natural Resource
areas;and to comply with state pesticide Conservation Service and Farm Service Agency
training, licensing,storing,and usage. recommendations and to maintain all other
12. Any chemicals for weed or insect control or requirements necessary to qualify current and
other use,when used, should be applied at levels future farm operators to participate in federal
not to exceed the manufacturer's farm programs.
recommendation for the soil types involved. The 15. Other:
Tenant agrees to provide to the Lessor, annually,
a written report indicating the product name,
amount,date of application and location of
application of all pesticides, fertilizers, and seed
used on the farm.
13. No chemicals will be stored on the property for
more than one year. When chemicals or
petroleum products are stored on the farm,they
will be only those planned to be used on the farm
and they will be in closed,tight containers above
B. Activities restricted.The Tenant further agrees,unless the written consent of the Lessor has been obtained:
1. Not to assign this lease to any person or persons 8. Not to erect or permit to be erected any
or sublet any part of the premises herein leased. commercial advertising signs on the farm, other
2. Not to erect or permit to be erected any structure than seed variety signs.
or building or to incur any expense to the Lessor 9. Not to enter into any agreement, contract,or
for such purposes. other farming or business arrangement that alters
3. Not to add eleetr4eal wipfti , plumbing, or- rights in the Lessor's security interest,right of
heating to an),building. (if oefisent as given-,ueh entry,default or possession.
additions must tneet standafds and requirements 10. Not to permit,encourage,or invite other persons
of power-and insur-apee companies.) to use any part or all of this property for any
4. Not to piew pefmanent___1 owiaild. purpose or activity not directly related to its use
for agricultural production,except as specifically
S. Not to allow any stock on any tillable noted here:
exeept by annual agreement.
6. Not to burn or remove cornstalks,straw,or other
crop residues grown upon the farm. 11. Other:
7. Not to cut live trees for sale purposes or personal
uses.
Section 5. Management and Business Procedures
The Lessor and Tenant agree that they will observe the following provisions(Strike out any not desired.)
A. General Cropping System. Except when mutually B. Insurance. For the term of the lease,Tenant shall
decided otherwise,the land use and cropping shall be maintain insurance with a carrier acceptable to the
approximately as follows: Landlord, insuring Tenant while performing on these
224 acres for rotated crops premises hereunder for the following types and in
0 acres in permanent pasture stated minimum amounts:
0 acres in non-grazed woodland Crop Insurance $531.45 per acre
0 acres in building and lots
0 acres in other
Page 4,Cash Lease—Farmdoc Form CL 0 1-0912
Liability 3,
Insurance: $1,000 per person
$500,000 per occurrence
Property
Damage: $14,000 per occurrence
Workers Compensation: As required by statute F. Land use in last year of lease. If,during the last
six months of the lease term, or after notice to
Tenant shall furnish Landlord with a Certificate of terminate has been given if this lease has become a
Insurance and give notice of termination of coverage. year to year lease,the parties fail to agree on questions
Tenant agrees that all applicable insurance policies name of land use, cropping system, fertilizer applications, or
the Landlord as an additional insured any deviations from the lease provisions,then the
C. Financial and prGduGtion reGords.The Tenan specific agreements in this lease shall prevail or, in the
agFees to keep Ananeial and production r-eeefds of the absence of agreements in the lease,the Lessor shall
fiH:m business afld to furnish an aRatial report to th-e decide and the Tenant agrees to abide by the Lessor's
Lessor-,on stieh forms as the Lessor-may provide,on e decisions. The Lessor's decisions shall not contradict
before any provisions in this lease or violate good farming
D. Cash Rent Installments. The cash rent shall be procedures.
paid each year in the following installments: G. Conservation. Both Lessor and Tenant affirm the
Dollars or percent Date Due goals of minimizing soil erosion losses and preserving
ofrent due the productivity of the land in ways that are consonant
$18,256.00 May 1,2007 with their needs and desires for acceptable current
$18,256.00 November 1,2007 returns to their individual inputs on the leased premises.
To these ends they agree to implement as far as possible
the best management practices recommended by the
Natural Resource Conservation Service and to cooperate
Balance Due with that agency's soil and water conservation programs.
H. Tenant responsible for hired labor.The Tenant
E. End Gf lease mumbursements.At the end of this shall be solely responsible for all employer obligations
tease,the Lessor a Fees to,-o;,.,>.0 fse the Tenant: on hired labor with respect to safety requirements and
social security and workers'compensation contributions,
1.Fe:the Tenant's remaining cost in limestone. The and the Lessor shall have no responsibilities therefore.
Tenant's r-emaining oest shall be ealeula4ed by
depr-ersiating the Tenant's net east at the rate-af I. Other management agreements:
2. For-the Tenant's cost of soluble 2854
and potall, /Y
for-grain in the last yeaF of this lease minus the amoun
of these plant food elements, Valued at the same Fates,
eentained in the Tenant's shafe of these efaps-.
Section 6. Default, Possession, Landlord's Lien, Right of Entry,
Mineral Rights, Liability, Extent of Agreement
The Lessor and Tenant agree to the following provisions.(Strike out any not desired.)
A. Termination upon default. if either party fails to carry out condition as when they were entered upon by the Tenant,loss by
substantially the terms of this lease in due and proper time,the lease fire,flood,or tornado,and ordinary wear excepted. If the Tenant
may be terminated by the other party by serving a written notice fails to yield possession,the Tenant shall pay to the Lessor a penalty
citing the instance(s)of default and specifying a termination date of of$_ per day or the statutory double rent.whichever is less,
30 days from the date of such notice.Settlement shall then be made for each day the Tenant remains in possession thereafter,in addition
in accordance with the provisions of Clause B of this section.the to any damages caused by the Tenant to the Lessor's land or
reimbursement agreements of Section 5,and any amendments to this improvements,and said payments shall not entitle the Tenant to any
lease. interest of any kind or character in or on the premises.
B. Yielding possession. The Tenant agrees at the expiration or C. Landlord's lien.The Landlord's lien provided by statute on
termination of this lease to yield possession of the premises to the crops grown or growing,together with any other security
Lessor without further demand or notice,in as good order and agreement(s)created by Tenant in favor of Landlord,shall be the
security for the rent herein specified and for the faithful performance
Page 5,Cash Lease—Farmdoc Form CL 0 1-0912
of the terms of the lease.The Tenant shall provide the Lessor with D. Landowner's right of entry.The Lessor reserves the right
the names of persons to whom the Tenant intends to sell crops grown personally or by agents,employees,or assigns to enter upon the
on these premises at least 30 days prior to the sale of such crops.A premises at any reasonable time to view them,to work or make
lesser period may be allowed by mutual written agreement. Tenant repairs or improvements thereon,to care for and dispose of the
consents to any filing required by law to perfect the statutory Lessor's share of crops,to develop mineral resources as provided in
landlord's lien upon crops.If the Tenant fails to pay the rent due or Clause E below,or,after constructive notice has been given that the
fails to keep any of the agreements of this lease,all costs and lease may not be extended,and following severance of crops,to
attorney fees of the Lessor in enforcing collection or performance plow and prepare a seed bed,apply fertilizers,and any other
shall be added to and become a part of the obligations payable by the operation necessary to good farming by the succeeding operator,
Tenant. these operations not to interfere with the Tenant in carrying out the
regular farming operations.
E. Mineral rights.Nothing in this lease shall confer upon the
Tenant any right to minerals underlying the land.Such mineral rights
are hereby reserved by the Lessor together with the full right to enter
upon the premises and to bore,search,excavate,work,and remove
the minerals,to deposit excavated rubbish,to pass over the premises
with vehicles,and to lay down and work any railroad track or tracks,
tank,pipelines,power lines,and structures as may be necessary or
convenient for the above purpose.The Lessor agrees to reimburse
the Tenant for any actual damage the Tenant may suffer for crops
destroyed by these activities and to release the Tenant from
obligation to continue farming this property when development of
mineral resources interferes materially with the Tenant's opportunity
to make a satisfactory return.
F. Landowner liability.The Tenant takes possession of the
leased premises subject to the hazards of operating a farm,and
assumes all risk of accidents personally as well as for family,
employees,or agents in pursuance of farming operations,or in
performing repairs on buildings,fences,tile,and other
improvements.
G. Binding on heirs,etc.The terms of this lease shall be
binding on the heirs,executors,administrators,and assigns of both
Lessor and Tenant in like manner as upon the original parties.
Section 7. Additional Lease Provisions
Regarding Section 6-E,Lessor agrees to reimbursement Tenant$700 per acre for any crop damage done by Lessor or its agents.
Si es of a I ase:
Landowner Date
® Landowner / / /07 Date
gy AQent Date
a L� p Tenant 'Rol / Date
Tenant Date
Page 6,Cash Lease—Farmdoc Form CL 01-0912
05/01/07 TUE 08:40 FAX 815 756 7886 FARM CREDIT 4002
Arfarm&eW&rows
eAt the heart of a growing America.
Crop Inhmmwe Office•1350 W.Prairie Drive-Sycamore.,11.60179-(815)787-4979-(A00)361-9751-Fax(815)756-7886
May 1, 2007
Sherri Deraedt-
The crop insurance coverage that you have in Kane County is an 85%CRC policy for
both corn and soybeans. The unit structure established is an enterprise unit and shows an
approved yield history of 154 bushels per acre of corn. The soybeans have an approved
yield history of 51 bushels per acre. The maximum guarantee per acre of corn is $531.45
and the maximum guarantee for soybeans is$350.70. The insurance company that holds
this policy is Great American Insurance Company of Peoria, Illinois.
Any further questions please contact me on my cell at 815-766-0683 or at the office 800-
361-9751.
Thank you,
Jason Johnson
I"Farm Credit Services
Crop Insurance Specialist
05/01/07 TUE 08:40 FAIL 615 758 7856 YAKK GNEUIT 1¢JUU3
05/0112007
Great American InsuranceCumpanies Multiple Peril Crop Insurance Pagc:IofI
Peoria
1315 W.C:ominttee Drive DECLARATION OF COVERAGE
riEtGARMt141GVN Peoria.IL 61615-1462 EFFECTIVE FOR THE 2007 CROP YEAR
1"Sm"CE GROUP Policy Number: 2007-IL-030-9125M
INSURED: I SI IERRI DE-RAEDT Entity Type: Spousal/Marricd
ION 971 TOWER RD Tax ID: 32¢50.6467
HAMPSHIRE-IL 60140-8404 ID Type: SSN
Phone: (841)4645553
Authorized Representative: PGA: NOnc
Spouse's Name: UEGERI DERAEDT Spouse's SSN: 33846.6008
POLICY INFORMATION FOR TfiTs STATE OF ILLINOIS
Caverete ►rice ornew APPIleeWc
Catutry Crop rise level Cleetlee Ce•eryels) Status Pr6vIsl6es/CeMtseneets
(•)Ksnc(89) Cam Crop Revenue Cvg.(44) 85% 1009/6 EU Active 2005-NCIS 700B-CRC BASIC Provisions 07/242003
2007-NCIS 701W BASIC Provisions 08N12006
2002-NCIS 702-CRC CROP Provisions I t/1512001
2W3-NCIS 701 QUALITY ADJ ENDR 09/192002
2004-NCIS 700B-CRC-CCL'-RV ENDR 12/012003
2007 SPECIAL COUNTY PROVISIONS 12/032006
(')Kane(e9) Soyba+ns Crop Revenuc Cvg.(44) 85% 100% YA EU Active 2005-NCIS 7009-CRC BASIC Provisions 0712412003
2007.NCIS 701 W BASIC Provisions 08/0112006
2002-NCIS 702-CRC CROP Provisions 11/15/2001
2003-NCIS 701 QUALITY ADJ ENDR 09/19/2002
2004-NCIS 7008-CRC-CU-KV ENDR I2MI2W3
2007 SPECIAL,COUNTY PROVISIONS 121(131206
ALL STATE/COUNTY OPTION: Ycs ("-Denotes Primary County designation for tht crop)
ASSIGNMENT OF INDEMNITY: Non.
IMPORTANT DATES 2007 C*OF YEAR
SALES mODUCr)ON ACRIAGE PREMtuM
COUNTv CROP CLOSING REPORTING REPORTING UmuNC TMMINAVION CANCGLtwnON
Kant(89) Cum 3/152007 4/30/2007 7/162007 10/1/2007 3/15/2008 3/152008
Kane(89) Soybeans 3/152007 4/302007 7/162007 10/12007 3/152008 3/152008
PLEASE REVIEW FOR ACCOXACY AND CONTACGf YOUR ACrYsW IF Yft HAVE ANY QUESTIONS,
YOUR AGENT IS: Code No: 275774
IST FCS-SYCAMORE Thant: (81$)787-4979
1350 W.PRAIRIE DkIVE
SYCAMORL--IL 60178 Fax: (815)756.7886
(Form M915)
3 - �
• AGENCY 04-0067-00 POLICY 79887917
. 13645 (10-06)
T F BUCKI FINANCIAL GROUP INC
5N264 ROUTE 31
SAINT CHARLES IL 60175
04-04-2007 a �dgU.Owners �fs�'tE1"l1fZC�'+
Life Home Car Business
The lllo16ro6�'mir�o�eQeo
P.O. BOX 30660, LANSING, MICHIGAN 48909-8160 • 517-323-1200
AUTO-OWNERS INSURANCE COMPANY
AUTO-OWNERS LIFE INSURANCE COMPANY
HOME-OWNERS INSURANCE COMPANY
OWNERS INSURANCE COMPANY
PROPERTY-OWNERS INSURANCE COMPANY
SOUTHERN-OWNERS INSURANCE COMPANY
DEZERI 8 SHERRI DERAEDT
45W300 HILLVIEW LN
HAMPSHIRE IL 60140-7500
Thank you for allowing Auto-Owners to handle your insurance needs.
Auto-Owners Insurance Group is financially sound with sufficient reserves to be ranked among the leaders in the in-
dustry for financial security. Our A+ + (Superior) rating by the A.M. Best Company signifies that we have the finan-
cial strength to provide the insurance protection you need.
Feel free to contact your independent Auto-Owners agent with questions you may have about any of your insurance
needs. Your agency's phone number is (630) 377-2600.
Auto-Owners Insurance - The "No Problem" People
* * * * * * * THIS IS NOTA BILL. * * * * * * *
IF ADDITIONAL PREMIUM IS OWED, A BILL WILL BE MAILED SEPARATELY. PLEASE
PAY ANY UNPAID BILLS.
— Serving Our Policyholders and Agents for More Than 90 Years —
s auto-,Owners Page 1
33419 (01-03)
Issued 04-04-2007
INSURANCE COMPANY FARM-PAK POLICY DECLARATIONS
6101 ANACAPRI BLVD. , LANSING, MI 48917-3999
Endorsement Effective 03-21-2007
AGENCY T F BUCKI FINANCIAL GROUP INC
04-0067-00 MKT TERR 097 (630) 377-2600 POLICY NUMBER 954104 79887917
INSURED DEZERI 8 SHERRI DERAEDT Company Use 79-41-IL-1995
Company POLICY TERM
ADDRESS 45W300 HILLVIEW LN Bill 12:01 a.m. -to 12:01 a.m.
HAMPSHIRE IL 6014+0-7500 07-01-2006 07-01-2007
This policy is amended in consideration of the additional or return premium shown below. This Declarations
voids and replaces all previously issued Declarations bearing the same policy number and premium term.
Entity: Individual Type of Farm: Grain
Policy Deductible: $1,000 Total Acres: 1843.0 County: 056
SECTION I PROPERTY PROTECTION
LOCATION 001
Property Description: 40.0 Acres , Section 22
41N R6E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
ITEM COVERAGE LIMITS PREMIUM
LOCATION 002
Property Description: 111 .0 Acres , Section 08
41N 7E Township
Street Address:
IL 60123
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 003
Property Description: 11 .0 Acres , Section 19
41N 7E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 004
Property Description: 60. 0 Acres , Section 07
41N 7E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION OOS
Property Description: 5.0 Acres , Section 19
41N Township
Street Address:
IL 60170
Rating Information: Protection Class 10, Territory 01, Kane County
Page 2 33419 (01-0b
AUTO-OWNERS INS. CO. Issued 04-04-2007
AGENCY T F BUCKI FINANCIAL GROUP INC Company POLICY NUMBER 954104 79887917
04-0067-00 MKT TERR 097 Bill Company Use 79-41-IL-1995
INSURED DEZERI 8 SHERRI DERAEDT Term 07-01-2006 to 07-01-2007
Coverage E Farm Buildings and Structures
010 Barn One Story $50,000 $569. 00
_Actual Cash Value
Broad Perils i
Metal/Pole
Rate Type: 2
020 Grain Bin 510,000 $61 .19
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
030 Grain Bin $10,000 $61 .19
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
040 Grain Bin $10,000 $61 .19
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
050 Grain Bin $2,000 $12.23
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
060 Grain Bin $5,000 $30.59
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
070 Grain Bin $10,000 $61 .19
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
080 Grain Bin $20,000 $122.38
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
090 Grain Bin $30,000 $153.58
Actual rash Value -
Broad Perils
Steel
Rate Type: Grain Bin
t4uto.-Owners Page 3 33419 (01-03)
Issued 04-04-2007
INSURANCE COMPANY FARM-PAK POLICY DECLARATIONS
6101 ANACAPRI BLVD. , LANSING, MI 48917-3999
Endorsement Effective 03-21-2007
AGENCY T F BUCKI FINANCIAL GROUP INC
04-0067-00 MKT TERR 097 (630) 377-2600 POLICY NUMBER 954104 79887917
INSURED DEZERI & SHERRI DERAEDT Company Use 79-41-IL-1995
Company POLICY TERM
ADDRESS 45W300 HILLVIEW LN Bill 12:01 a.m. 12:01 a.m.
to
HAMPSHIRE IL 60140-7500 07-01-2006 07-01-2007
This policy is amended in consideration of the additional or return premium shown below. This Declarations
voids and replaces all previously issued Declarations bearing the same policy number and premium term.
100 Barn One Story $80,000 $569.00.
Actual Cash Value
Broad Perils
Metal/Pole
Rate Type: 1
110 Grain Bin $20,000 5122.38
Actual Cash Value
Broad Perils
Steel 30 X 12
Rate Type: Grain Bin
TERRORISM COVERAGE $9.29
LOCATION 006
Property Description: 200.0 Acres , Section 07
41N 7E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
Coverage E Farm Buildings and Structures
010 Grain Bin $7,000 $42.83
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
TERRORISM COVERAGE $.21
LOCATION 007
Property Description: 40.0 Acres , Section 23
T41N R6E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 008
Property Description: 9.0 Acres ' Section 08
Plato Township
Street Addpass'.
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
010 Coverage A Dwelling $307,500 $1,893.39
Frame Non-Owner Occupied 1976
Replacement Cost
Special Perils
Adjusted Value Provision Applies
Page 4 33419 (01-Q3)
AUTO-OWNERS INS. CO. Issued 04-04-2007
AGENCY T F BUCKI FINANCIAL GROUP INC Company POLICY NUMBER 954104 79887917
04-0067-00 MKT TERR 097 Bill Company Use 79-41-IL-1995
INSURED DEZERI & SHERRI DERAEDT Term 07-01-2006 to 07-01-2007
Coverage B Other Non-Farm Structures $30,750 Included
Replacement Cost
Special Perils
Coverage D Loss of Rents $30,750 Included
Premium Adjustments That Apply
Smoke Detector Discount Included
Fire Extinguisher Discount Included
Deadbolt Lock Discount Included
No Solid Fuel Heating Except Fireplace Included
Coverage E Farm Buildings and Structures
020 Shed #1 $15,000 $109.00
Actual Cash Value
Broad Perils
Metal/Pole 36 X 37
Rate Type: 1
030 Shed #2 $7,000 $52.00
Actual Cash Value
Broad Perils
Metal/Pole 20 X 26
Rate Type: 1
TERRORISM COVERAGE $10.28
LOCATION 009
Property Description: 128.0 Acres , Section 18
Plato Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION O10
Property Description: 40.0 Acres , Section 13
41N R6E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 011
Property Description: 10.0 Acres , Section 08
Plato Center Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 012
Property Description: 67.0 Acres , Section 08
Plato Center Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
auto-Owners Page 5 33419 (01-03)
Issued 04-04-2007
INSURANCE COMPANY FARM-PAK POLICY DECLARATIONS
6101 ANACAPRI BLVD. , LANSING, MI 48917-3994
Endorsement Effective 03-21-2007
AGENCY T F BUCKI FINANCIAL GROUP INC
04-0067-00 MKT TERR 097 (630) 377-2600 POLICY NUMBER 954104 79887917
INSURED DEZERI & SHERRI DERAEDT Company Use 79-41-IL-1995
Company POLICY TERM
ADDRESS 45W300 HILLVIEW LN Bill 12:01 a.m. t0 12:01 a.m.
HAMPSHIRE , IL 60140-7500 07-01-2006 07-01-2007
This policy is amended in consideration of the additional or return premium shown below. This Declarations
voids and replaces all previously issued Declarations bearing the same policy number and premium term.
LOCATION 013
Property Description: 117.0 Acres , Section 10
Plato Center Township
Street Address:
IL 60123
Rating information: Protection Class 10, Territory 01, Kane County
LOCATION 014
Property Description: 102.0 Acres , Section 11
Plato Center Township
Street Address:
IL 60123
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 015
Property Description: 40.0 Acres , Section 33
Plato Center Township
Street Address:
IL 60123
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 016
Property Description: 30.0 Acres , Section 04
Campton Township
Street Address:
IL 60123
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 017
Property Description: 142.0 Acres , Section 24
41N R6E Township
Street Address:
IL 60140
Rating information: Protection Class 10, Territory 01, Kane County
LOCATION 018
Property Description: 80.0 Acres , Section 23
41N R6E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
Page 6 33419 (01-Q3)
AUTO-OWNERS INS. CO. Issued 04-04-2007
AGENCY T F BUCKI FINANCIAL GROUP INC Company POLICY NUMBER 954104 79887917
04-0067-00 MKT TERR 097 Bill Company Use 79-41-IL-1995
INSURED DEZERI & SHERRI DERAEDT Term 07-01-2006 to 07-01-2007
LOCATION 019
Property Description: 36.0 Acres , Section 14
41N R6E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 020
Property Description: 80.0 Acres , Section 28
41N R7E Township
Street Address:
IL 60123
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 021
Property Description: 53.0 Acres , Section 08
Afton Township
Street Address:
IL 60115
Rating Information: Protection Class 10, Territory 01, Dekalb County
LOCATION 022
Property Description: 41 .0 Acres , Section 09
Afton Township
Street Address:
IL 60115
Rating Information: Protection Class 10, Territory 01, Dekalb County
LOCATION 023
Property Description: 2.0 Acres
Street Address: 45W300 Hillview
Hampshire , IL 60140
Rating Information: Protection Class 07, Territory 01, Kane County
010 Coverage A Dwelling $386,500 $2,015.69
Frame Owner Occupied Primary 1992
Replacement Cost
Special Perils
Adjusted Value Provision Applies
Coverage B Other Non-Farm Structures $38,650 Included
Replacement Cost
Special Perils
Coverage C Household Personal Property $270,550 $312.99
Replacement Cost
Broad Perils
Coverage D Additional Living Expense $77,300 Included
t4uto.Owners Page 7 33419 (01-03)
Issued 04-04-2007
INSURANCE COMPANY FARM-PAK POLICY DECLARATIONS
6101 ANACAPRI BLVD. , LANSING, MI 48917-3999
Endorsement Effective 03-21-2007
AGENCY T F BUCKI FINANCIAL GROUP INC
04-0067-00 MKT TERR 097 (630) 377-2600 POLICY NUMBER 954104 79887917
INSURED DEZERI & SHERRI DERAEDT Company Use 79-41-IL-1995
Company POLICY TERM
ADDRESS 45W3O0 HILLVIEW LN Bill 12:01 a.m. 12:01 a.m.
HAMPSHIRE IL 60140-7500 07-01-2006. t0" 07-01-2007
This policy is amended in consideration of the additional or return premium shown below. This Declarations
voids and replaces all previously issued Declarations bearing the same policy number and premium term.
Premium Adjustments That Apply
100% Replacement Cost Discount Included
Mature Discount Policyholder Term Age 53 Included
Smoke Detector Discount Included
Fire Extinguisher Discount Included
Deadbolt Lock Discount Included
No Solid Fuel Heating Except Fireplace Included
Optional Coverages That Apply
Guaranteed Home Replacement Cost $104.33
LOCATION 024
Property Description: 232.0 Acres , Section 13
T41N R6E Township
Street Address:
IL 60140
Rating Information: Protection Class 10, Territory 01, Kane County
LOCATION 025
Property Description: 160.0 Acres , Section 21
T37N R4E Township
Street Address:
IL 60115
Rating Information: Protection Class 10, Territory 01, Dekalb County
LOCATION 026
Property Description: 7.0 Acres
Street Address: 16133 S First St
Dekalb , IL 60115
Rating Information: Protection Class 10, Territory 01, Dekalb County
010 Coverage A Dwelling $186,142 $1,163.34
Frame Non-Owner Occupied 1946
Actual Cash Value
Broad Perils
Coverage B Other Non-Farm Structures $18,614 Included
Actual Cash Value
broad Perils
Coverage D Loss of Rents $18,614 Included
Premium Adjustments That Apply
No Solid Fuel Heating Except Fireplace Included
Page 8 33419 (01-03)
AUTO-OWNERS INS. CO. Issued 04-04-2007
AGENCY T F BUCKI FINANCIAL GROUP INC Company POLICY NUMBER 954104 79887917
04-0067-00 MKT TERR 097 Bill Company Use 79-41-IL-1995
INSURED DEZERI 8 SHERRI DERAEDT Term 07-01-2006 to 07-01-2007
Coverage E Farm Buildings and Structures
020 Cinder Block Barn $200,000 $2,171 .00
Replacement Cost
Broad Perils
Masonry 50 X 75
Rate Type: 2
Adjusted Value Provision Applies
030 Barn One Story $15,000 $304.41
Actual Cash Value
Broad Perils
Frame 70 X 60
Rate Type: 3
040 Grain Bin $5,000 $30.59
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
050 Grain Bin $5,000 $30.59
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
060 Grain Bin $5,000 $30.59
Actual Cash Value
Broad Perils
Steel
Rate Type: Grain Bin
070 Pole Barn $75,000 $534.00
Actual Cash Value
Broad Perils
Frame 50 X 100
Rate Type: 1
TERRORISM COVERAGE $21 .32
COVERAGE F FARM PERSONAL PROPERTY
LIMITS PREMIUM
Blanket Coverage $14,000 $102.46
Actual Cash Value
Broad Perils
LIMITS PREMIUM
Scheduled Coverage
a001 Machinery $523,700 $2,046.19
Actual Cash Value
Special Perils
Rate Class: Machinery
tAuto.Owners Page 9 33419 (01-03)
Issued 04-04-2007
INSURANCE COMPANY FARM-PAK POLICY DECLARATIONS
6101 ANACAPRI BLVD. , LANSING, MI 48917-3999
AGENCY T F BUCKI FINANCIAL GROUP INC Endorsement Effective 03-21-2007
04-0067-00 MKT TERR 097 (630) 377-2600 POLICY NUMBER 954104 79887917
INSURED DEZERI 8 SHERRI DERAEDT Company Use 79-41-IL-1995
Company POLICY TERM
ADDRESS 45W300 HILLVIEW LN Bill 12:01 a.m. 12:01 a.m.
to
HAMPSHIRE IL 60140-7500 07-01-2006 07-01-2007
This Policy is amended in consideration of the additional or return premium shown below. This Declarations
voids and replaces all previously issued Declarations bearing the same policy number and Premium term.
Borrowed Equipment $100,000 Included
TERRORISM COVERAGE $10.74
ADDITIONAL COVERAGES
LIMITS PREMIUM
Refrigerated Products $500 Included
Fire Department Charges $500 Included
Power and Light Pole Coverage $500 Included
Credit Card, Charge Plate, Fund Transfer Card, $1,000 Included
Check Forgery and Counterfeit, Money Coverage
Road Trouble Service - Farm Implements $500 Included
SECTION II PERSONAL LIABILITY PROTECTION
LIMITS PREMIUM
Coverage G Personal Liability (each occurrence) $500,000 $169.00
Coverage H Medical Payments to Others (each person) $1 ,000 Included
Premium Adjustments That Apply
Residences Occupied by Tenant ( 2) $34.00
Locations with Farm Buildings ( 3) $66.00
Additional Coverages That Apply
Upset and Overspray $25,000 Included
Farm Products Recall $10,000 Included
Optional Coverages That Apply
Farm Employer's Liability and Farm Employee's $57.00
Medical Payments
Additional Part Time Employee 0-3 months ( 2) $44.00
Additional Full Time Employee ( 1) $57.00
TERRORISM COVERAGE $2.15
TERM
TOTAL FARM PREMIUM $13,278.31
PREMIUM ADJUSTMENTS $3,983.49-
RETURN PREMIUM $4.57-
TOTAL POLICY PREMIUM $9,294.82
Page 10 33419 (01-GS)
AUTO-OWNERS INS. CO. Issued 04-04-2007
AGENCY T F BUCKI FINANCIAL GROUP INC Company 'POLICY NUMBER 954104 79887917
04-0067-00 MKT TERR 097 Bill Company Use 79-41-IL-1995
INSURED DEZERI 8 SHERRI DERAEDT Term 07-01-2006 to 07-01-2007
FORMS AND ENDORSEMENTS 33448 (01-03) 33408 (01-03) 33401 (01-03)
33402 (01-03) 33455 (01-03) 33431 (01-03) 33440 (01-06) 33473 (06-04)
33515 (07-06) 33468 (05-06)
Countersigned By:
auto-Owners Page 11 33419 (01-03)
Issued 04-04-2007
INSURANCE COMPANY FARM-PAK POLICY DECLARATIONS
6101 ANACAPRI BLVD. , LANSING, MI 48917-3999
Endorsement Effective 03-21-2007
AGENCY T F BUCKI FINANCIAL GROUP INC
04-0067-00 MKT TERR 097 (630) 377-2600 POLICY NUMBER 954104 79887917
INSURED DEZERI & SHERRI DERAEDT Company Use 79-41-IL-1995
Company POLICY TERM
ADDRESS 45W300 HILLVIEW LN Bill 12:01 a.m. 12:01 a.m.
to
HAMPSHIRE IL 60140-7500 07-01-2006 07-01-2007
This policy is amended in consideration of the additional or return premium shown below. This Declarations
voids and replaces all previously issued Declarations bearing the same policy number and premium term.
SECURED INTERESTED PARTIES AND/OR ADDITIONAL INTERESTED PARTIES
Item 001
NATIONAL BANK & TRUST CO OF SYCAMORE
ITS SUCCESSORS &/OR ASSIGNS
1425 DEKALB AVE
SYCAMORE IL 60178-2747
Interest: Mortgagee
SIP-ID: IL014932
Description: 45W300 Hillview Lane
Item 002
COMMONWEALTH EDISON COMPANY Loan: #
PO BOX 767
CHICAGO IL 60690-0767
Interest: Additional Interest
SIP-ID: IL010653
Description: Location 5
Item 003
COMMONWEALTH EDISON COMPANY Loan: #
PO BOX 767
CHICAGO IL 60690-0767
Interest: Additional Interest
SIP-ID: IL010653
Description: Location 20
Item 004
THE CITY OF ELGIN
150 DEXTER CT
ELGIN IL 60120-5527
Interest: Additional Interest
SIP-ID: IL050213
Description: Location 15 & 16
Item 005
WILLIAM H DITTMAN
19N265 WOODVIEW PKWY
HAMPSHIRE IL 60140-8316
Interest: Additional Interest
SIP-ID: IL056775
Description: Location 16,19,20,21,25
Page 12 33419 (01-021)
AUTO-OWNERS INS. CO. Issued 04-04-2007
AGENCY T F BUCKI FINANCIAL GROUP INC Company POLICY NUMBER 954104 79887917
04-0067-00 MKT TERR 097 Bill Company Use 79-41-IL-1995
INSURED DEZERI 8 SHERRI DERAEDT Term 07-01-2006 to 07-01-2007
Item 006
MARVIN DITTMAN
474 JOHN MARSHALL LN
SYCAMORE IL 60178-8780
Interest: Additional Interest
SIP-ID: ILD56776
Description: Locations 16,19,20,21,25
Item 007
MINERA POLLNOW
3095 0 OAK ST
GENOA IL 60135-8085
Interest: Additional Interest
SIP-ID: IL056777
Item 008
WILLIAM CRISTY
4517 S RIDGEWAY RD
RINGWOOD IL 60072-9621
Interest: Additional Interest
SIP-ID: IL056778
Description: 160A Sec 21 Victor Twp Dekalb Co