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Return to: <br />Kevin P. Walsh <br />104 N. Wheeler Ave. <br />Grand Island, NE 68801 <br />MEMORANDUM OF LEASE AND OPTION TO PURCHASE <br />oti 1N3Wf i111SN1 SV OMR <br />This Memorandum of Lease and Option to Purchase ("Memorandum") is executed for <br />the purpose of recording in the land records of Hall County, Nebraska. TOMMY UMMEL, JR. <br />and TOMMY UMMEL, SR. (collectively "Ummel") and GRAND ISLAND DISPOSAL, INC., <br />a Nebraska corporation ("Grand Island Disposal") certify as follows: <br />. Urnmel and Grand Island Disposal entered into a Lease Agreement with Purchase <br />Option (the "Agreement"), whereby Ummel agreed to lease and grant an option to purchase the <br />following described real property (the "Subject Property") to Grand Island Disposal: <br />Lots Two (2), and Three (3), Ummelville Second Subdivision, in the City of Grand <br />Island, Hall County, Nebraska. <br />2. The current term of the Agreement expires on June 14, 2025, subject to Grand <br />Island Disposal's option to extend for one additional period of & ee (3) years. <br />3. Ummel acknowledges that as of the date hereof, the Agreement remains in full <br />force and effect, all rents due and payable thereunder have been paid, and no default has <br />occurred. <br />4. Under the Agreement, Grand Island Disposal has a right to purchase the Subject <br />Property in accordance with certain terms and conditions of the Agreement. <br />5. This Memorandum describes only selected terms of the Agreement, and reference <br />is made to the full text of the Agreement for the full terms and conditions. This Memorandum <br />shall not, in any way, amend or supersede the terms and conditions of the Agreement. <br />IN WITNESS WHEREOF, the parties have executed this Memorandum this 3 l day <br />of �'‘1 , 2022. <br />Tommy Ummel, Sr. <br />"Ummel" <br />GRAND ISLAND DISPOSAL, INC., a <br />Page 1 of 2 <br />Richard Bulthuis, President <br />"Grand Island Disposal" <br />