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5. EXERCISE OF OPTION AND CLOSURE. The OPTIONEE may exercise the <br />option at any time during the period of the option (which shall be extended, if necessary, so as to <br />provide the OPTIONEE with at least thirty (30) days after the establishment of the purchase price <br />by the appraiser(s) to exercise the option). If the option is exercised by the OPTIONEE as provided <br />herein, the personal representative, successor trustee, or legal representative of the OPTIONOR, as <br />appropriate, shall convey such property by an appropriate deed to the OPTIONEE, or as otherwise <br />directed by the OPTIONEE. Delivery of such deed shall be made at closure and upon payment of <br />the purchase price by guaranteed funds. <br />Final closure shall be within thirty (30) days after the exercise of the option set forth herein; <br />provided, however, that in the event of the death of the OPTIONOR at any time between the dates <br />of March 1 to August 10, inclusive, final closure shall not be earlier than thirty (30) days after the <br />harvest of the crops grown on the said real estate during the year of such death. In the event of the <br />death of the OPTIONOR after the crop has been planted and before harvest, the landlord's share of <br />said crop or the cash rent for that year, as appropriate, shall be paid to the personal representative, <br />successor trustee, or legal representative of the OPTIONOR, as appropriate. The purchase price <br />shall be due upon and full possession shall be given at closure, subject only to the rights of tenant(s) <br />in possession. The general real estate taxes for the year of the death of the OPTIONOR shall be paid <br />by the party who under the purchase agreement is entitled to the landlord's share of the crop or the <br />cash rent, as appropriate. Owner's title insurance shall be provided by the personal representative, <br />successor trustee, or legal representative of the OPTIONOR, as appropriate, with the premium to <br />be paid one -half (1) by each party. Any lender's title insurance and related endorsements shall be <br />paid by the OPTIONEE. Costs of any closing agent shall be paid one -half (') by each party and all <br />other costs and expenses shall be paid in the manner as is customary at the time of closure. <br />6. ASSIGNMENT. This option and all rights hereunder shall not be assignable by the <br />OPTIONEE without the written permission of the OPTIONOR. <br />7. BINDING EFFECT AND BENEFITS. This option shall be binding upon and shall <br />inure to the benefit of the parties hereto and their respective heirs, personal representatives, <br />successors, and assigns. <br />IN WITNESS, WHEREOF, the OPTIONOR has executed this agreement on the date set <br />forth hereinafter. <br />STATE OF NEBRASKA ) <br />) ss: <br />COUNTY OF BUFFALO ) <br />GENERAL T. BAHENSKY <br />My Comm. Exp. August 30, 2021 <br />2 <br />Paul D. Beckmann <br />Dated: March 3 2018 <br />201801854 <br />The foregoing instrument was acknowledged before me on March 23 , 2018, by Paul D. <br />Beckmann, a single person. <br />Notary Public <br />