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(b) The selling parties shall furnish a title insurance commitment showing good and marketable title to said real estate in the name of the selling parties. (c) The down payment amount shall be ten percent (10 %) of the purchase price. (d) The OPTIONEE shall have the option to pay the balance at final closure or over any period of time of up to fifteen (15) years thereafter if payment is being made to Beth Smith or Becky Rathman. If payment is being made to anyone other than Beth Smith or Becky Rachman, the OPTIONEE shall have the option to pay the balance at final closure or over any period of time of up to thirty (30) years thereafter. If payment is to be made over a period of time, the balance of the purchase price shall be represented by the signing by the OPTIONEE of a note secured by a deed of trust on the real estate. The note shall be amortized with equal annual payments with interest thereon at the lowest Applicable Federal Rate (AFR) as established by the Internal Revenue Code for the month interest shall begin to accrue. Failure to make any payment thereunder shall cause such payment to bear interest at the rate of three percent (3 %) per annum above such rate during the period of delinquency. The note may be prepaid at any time without penalty and shall provide an option to accelerate of the entire principal balance in the event of a default. (e) Final closure shall be within sixty (60) days after the exercise of the option set forth herein. (f) The OPTIONEE shall have possession of the said real estate upon final closure subject only to the rights of the tenant. (g) The real estate taxes on the said real estate for the year of the exercise of the options shall be paid by the party entitled to the landlord's share of any rent or rents for that year. All subsequent years real estate taxes shall be paid by the purchasing party. 6. ASSIGNMENT. This option and all rights hereunder shall not be assignable by Cindy without the written permission of the Beverly. 7. BINDING EFFECT AND BENEFITS. These options shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, successors, personal representatives, and assigns. IN WITNESS WHEREOF, the parties have executed this agreement on the date(s) hereinafter set forth. Bever L. Hetf d Dated: July 28, 016 STATE OF NEBRASKA COUNTY OF BUFFALO ) ss: The foregoing instrument was acknowledged before me on July 28, 2016, by Beverly L. Hetfield, a single person. GENERAL NOTARY - State of Nebraska INI DAMON T. BAHENSKY My Comm. Exp. Aug. 30, 2017 STATE OF NEBRASKA COUNTY OF BUFFALO ) ss: ..vim Notary Public 201604995 ) ) )l.tiR Cindy M. Williams Dated: July 28, 2016 The foregoing instrument was acknowledged before me on July 28, 2016, by Cindy M. Williams. GENERAL NOTARY - State of Nebraska DAMON T. BAHENSKY My Comm. Exp. Aug. 30, 2017 PARKER, GROSSART, BAHENSKY, BEUCKE, BOWMAN & SYMINGTON, L.L.P. 1516 FIRST AVENUE, KEARNEY, NE 68847 2