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<br /> R�AL ESTA'I'E OPTION AGREF,M�NT -
<br /> �' - � 97.., 110501 -
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<br /> ���� THIS ACiREEMENT is made and entered into this // 1 day of December,
<br /> • 1997,by and between Nebraska Truck Center,Inc.(the"Optionor"),and Overheac�Door
<br /> � Corporation(the"Optianee"). _
<br /> � The parties do hereby agree as follows:
<br /> �,
<br /> 1. Grant of Option. For and in consideration of$500.0!1 paid by Optionee to
<br /> Optionor,the receipt and sufficiency of which is hereby acknowledged,
<br /> � Optionor hereby grants to Optionee the exclusive opti�n to purchase the
<br /> : following parcel of land(the"Praperty")in accorclance with the terms and
<br /> conditions hereof
<br /> ,, "The followang described real estate in Hall County,Nebraska: Lot One
<br /> � (1),in Connell Industrial Pazk Second Subdivision,being a part of the East
<br /> Half of the Southwest Quarter(E%s SW'/s)of Section Eleven(11),
<br />' Township Eleven(1 t)North,Range Nine(9)West of the 61°P.M.,Hall
<br />. County,Nebraska."
<br /> 2 . Option Period. The option granted hereby shall begin on the date hereof and
<br /> shall end ut 5:00 p.m.on February 20, 1998.
<br />=, :.
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<br /> � 3. Purchase Price. If the Optionee exercises the option,the purchase price for the
<br />_ - Property will be$54,U00.00,and the option consideration recited in paragraph
<br />- � �. 1,above,shall be credited and applied against the purchase price.
<br />. � � 4. Exercise. The option may be exercised at any time during tt�e option period
<br />'.;;",..; '� � by written notice from Optionee to Optionor.
<br />.• . . w ': 5. Failure to Exercise. If Qptionee does not exercise the option during the option
<br /> :, � period,then the option consideration recited in paragraph 1�above,shall be
<br />- retained by Optionor and neither pariy shall have any further rights against,or
<br />_ ' obligations to,the other party by reason of this Agreement.
<br />-:.,� 6. Investigation of the Property. During the oprian period,Optionee and its
<br /> ��, � agents and contractors shall be permitted full access to the Property and
<br /> � �,j Optionee may conductt or have conducted,at its own expense,such
<br /> • investigation of the Premises as Optionee deems necessary or desirable,
<br /> '.� including but not limited to any environmental investigation.
<br /> �d
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