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nn m => C f ur l s n z X i = !1D m> C1 N" 1 Once recorded, return to: Parker, Grossart, Bahensky, Beucke, Bowman & Symington, L.L.P. P.O. Box 1600, Kearney, NE 68848 -1600 OPTION TO PURCHASE THIS OPTION MADE AND ENTERED INTO by and among Paul D. Beckmann, a single person (hereinafter referred to as the " OPTIONOR "), and Joed W. Dibbern (hereinafter referred to as the "OPTIONEE "). WHEREAS, OPTIONOR is the owner of the following described real property: Lot Three (3), Island Acres Number Six (6), a replat of Lots Nineteen (19) and Twenty (20), Island Acres, in the City of Grand Island, Hall County, Nebraska; together with all improvements located thereon and appropriate personal property, and subject to all easements and restrictions of record (hereinafter referred to as the "said real estate "); WHEREAS, it was the wish of the OPTIONOR that the OPTIONEE have the right to acquire the said real estate; and WHEREAS, following the death of the OPTIONOR, the OPTIONOR has agreed to put into writing an option for the OPTIONEE to acquire the said real estate. NOW, THEREFORE, in consideration of one dollar ($1.00) and other valuable consideration, OPTIONOR agrees to provide an option to purchase the said real estate under the following terms and conditions: 1. GRANT OF OPTION. The OPTIONOR hereby grants to the OPTIONEE the exclusive option to purchase the said real estate. 2. PERIOD OF OPTION. This option shall only be available to the OPTIONEE from and after the death of the OPTIONOR and, except as hereinafter provided, for a period of six (6) months thereafter. If not exercised by the OPTIONEE during such time period, the option shall automatically expire and be null and void and the OPTIONEE shall have no further rights or claims against the OPTIONOR, his heirs, personal representatives, and assigns. 3. NOTICE OF EXERCISE. The option is to be exercised by the OPTIONEE by delivery of a signed purchase agreement reflecting the provisions of this agreement to the personal representative, successor trustee, or legal representative of the OPTIONOR, as appropriate. 4. PURCHASE PRICE. The purchase price for the said real estate shall be established by a Nebraska licensed appraiser selected by the parties with the cost of the appraisal to be paid equally by both parties. If agreement is not reached on an appraiser within thirty (30) days, each party shall select a licensed appraiser and the average of the two (2) appraisals shall determine the purchase price with each party paying for the cost of their appraiser. 5. EXERCISE OF OPTION AND CLOSURE. The OPTIONEE may exercise the option at any time during the period of the option (which shall be extended, if necessary, so as to