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1 <br />r r1 <br />D <br />rn N <br />= <br />Once recorded, return to: <br />007 Parker, Grossart, Bahensky, Beucke, Bowman & Symington, L.L.P. <br />P.O. Box 1600, Kearney, NE 68848 -1600 <br />OPTION TO PURCHASE <br />N <br />0) <br />N) <br />N <br />THIS OPTION MADE AND ENTERED INTO by and among Paul D. Beckmann, a single <br />person (hereinafter referred to as the "OPTIONOR "), and Jeffrey L. Warren (hereinafter referred <br />to as the "OPTIONEE "). <br />WHEREAS, OPTIONOR is the owner of the following described real property: <br />All of Government Lot Nine (9) of Section Sixteen (16), Township Ten (10) <br />North, Range Nine (9) West of the 6th P.M., EXCEPT a tract of land <br />conveyed to Hall County, Nebraska by Warranty Deed recorded at <br />Instrument No. 99- 108975 in the records of the Office of the Hall County <br />Register of Deeds, AND EXCEPT a tract of land conveyed to Hall County, <br />Nebraska by Warranty Deed recorded at Instrument No. 77- 003553 in the <br />records of the Office of the Hall County Register of Deeds; <br />together with all mineral rights of the OPTIONOR, all water rights, certifications, appropriations, <br />and allocations appurtenant thereto, all easements and appurtenances relating thereto, and <br />improvements located thereon (including all applicable Farm Services Agency crop bases), and <br />subject to all easements and restrictions of record (hereinafter referred to as the "said real estate "); <br />WHEREAS, it was the wish of the OPTIONOR that the OPTIONEE have the right to <br />acquire the said real estate; and <br />WHEREAS, following the death of the OPTIONOR, the OPTIONOR has agreed to put <br />into writing an option for the OPTIONEE to acquire the said real estate. <br />NOW, THEREFORE, in consideration of one dollar ($1.00) and other valuable consideration, <br />OPTIONOR agrees to provide an option to purchase the said real estate under the following terms <br />and conditions: <br />1. GRANT OF OPTION. The OPTIONOR hereby grants to the OPTIONEE the <br />exclusive option to purchase the said real estate. <br />2. PERIOD OF OPTION. This option shall only be available to the OPTIONEE from <br />and after the death of the OPTIONOR and, except as hereinafter provided, for a period of six (6) <br />months thereafter. If not exercised by the OPTIONEE during such time period, the option shall <br />automatically expire and be null and void and the OPTIONEE shall have no further rights or claims <br />against the OPTIONOR, his heirs, personal representatives, and assigns. <br />3. NOTICE OF EXERCISE. The option is to be exercised by the OPTIONEE by <br />delivery of a signed purchase agreement reflecting the provisions of this agreement to the personal <br />representative, successor trustee, or legal representative of the OPTIONOR, as appropriate. <br />4. PURCHASE PRICE. The purchase price for the said real estate shall be established <br />by a Nebraska licensed appraiser selected by the parties with the cost of the appraisal to be paid <br />