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06EZ00Z0Z P1 cz z fl 0 rri zN c-) Return To: Denise D. Myers P.O. Box 505 Cairo, NE 68824 OPTION AGREEMENT 1. This Option Agreement is made between Floyd D. Leiser, Jr., a single person, as Grantor, and Jonathan Shehein, as Grantee. 2. In consideration of the mutual benefit of the leasing of the premises, and $1.00 and other good and valuable consideration, receipt of which is hereby acknowledged, Grantor hereby grants to the Grantee an exclusive option to purchase the real estate described as: The South Forty Four and Fifty One Hundredths (44.51) feet of Lot Four (4) and the North Thirty Five (35.0) feet of Lot Five (5), in Wolfe's Subdivision, in the City of Grand Island, Hall County, Nebraska. 3. Grantor grants to Grantee the option and right to purchase the premises any time during the thirty-six (36) months following the date of this Option Agreement. If Grantee elects to exercise the option, in addition to filing an Election to Exercise Option document with the Hall County Register of Deeds, Grantee shall give Grantor written notice of his intent to purchase the property. The Grantee shall purchase the property at the same price at which Grantor purchased the property in April of 2020 ($135,500.00), plus all closing expenses paid by Grantor at the time of purchase, less that amount that Grantor receives from the Estate of Donna Shehein, as assigned to Grantor by Grantee on March 10, 2020. If, however, the Grantor should die during the 36 month period following the execution of this Option Agreement, the Grantee shall be given notice of acceleration of the option, by the Personal Representative or other authorized representative of Grantor's estate, and Grantee shall be given sixty (60) days from the date of the notice to elect to purchase the property for the same price as set forth in the above paragraph. If Grantee elects to a purchase of the premises under either of the two above -referenced paragraphs, then the sale shall proceed to closing. The basic terms for the sale of the premises shall include the following: a. Cost of the real estate taxes for the year of sale shall be prorated to the date of closing. b. Title insurance premiums for an Grantor's policy shall be divided equally between the parties. c. Seller shall pay the documentary stamp tax on the transfer. d. Seller shall provide marketable title to the premises subject to easements, and restrictions of record. Said purchase price shall be paid in cash or certified funds at the time a deed to the property is delivered to Grantee. 4. In the event that the option is not exercised in the time frame referenced in Paragraph 32, above, then this option agreement shall be null and void. The option shall also end by mutual written agreement rn Ao