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<br />RIGHT OF FIRST REFUSAL AND OPTION
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<br />That Diana Church, a single person and remainder interest holder, and Maxine Church, a
<br />single person and life estate holder, GRANTORS, in consideration of One Dollar ($1.00) and other
<br />good and valuable consideration, receipt of which is hereby acknowledged, grant and convey to John
<br />P. Bellamy and Bonnie S. Bellamy, husband and wife, GRANTEES, a Right of First Refusal and
<br />Option to Purchase the following described real estate (as defined in Neb. Rev. Stat. Sec. 76 -201)
<br />in Hall County, Nebraska:
<br />The Northwest Quarter (NW1 /4) of Section Twenty Three (23)
<br />Township Twelve (12) North, Range Twelve (12), West of the 61
<br />P.M., Hall County, Nebraska, excepting that tract conveyed in the
<br />Deed filed on February 2, 2004, as document #200400978, with the
<br />Hall County Register of Deeds.
<br />The above tract of land contains seventy four and 98/100 acres (74.98) more or less.
<br />The parties hereto entered into a sale and purchase of real estate in January of 2004, wherein
<br />Diana Church and Maxine Church granted John and Bonnie Bellamy a right of first refusal on
<br />Grantor's interest in their remaining farm real estate. In consideration of the purchase and sale of real
<br />estate in January of 2004, the mutual benefits to each party and the money paid therein; and other
<br />good and valuable consideration, receipt of which is hereby acknowledged, Grantor hereby grants
<br />said right of first refusal and option under the following terms and conditions:
<br />1. Before Grantor can sell, transfer or convey such real estate, they must first offer said
<br />property to Grantee in writing. Grantee shall have sixty (60) days to exercise said right of first refusal
<br />and option. The Right of First Refusal and Option may be exercised by the Grantee delivering, by
<br />hand or certified United States mail, return receipt requested, a Notice of Exercise of Right of First
<br />Refusal and Option. At that time, Grantor and Grantee shall enter into a standard real estate contract
<br />for the purchase of said real estate.
<br />2. The purchase price for said real estate shall be its appraised agricultural value.
<br />3. Said purchase price shall be paid in cash or certified funds at the time a deed to the
<br />property is delivered to Grantee.
<br />4. This Option and Right of First Refusal shall not be assigned without the written
<br />consent of the Grantor.
<br />5. This is the full and complete agreement between Grantor and Grantee, and all other
<br />agreements, written or oral, are incorporated herein.
<br />6. This agreement shall be binding upon the successors, personal representative, and
<br />assigns of the Grantor.
<br />Dated: December 2004.
<br />Diana Church, Grantor
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF HALL )
<br />_ -1` , 7l A- -) ", `, t ,7� h i' >,, J2�
<br />Maxine Ch h Grantor
<br />The foregoing was acknowledged before me on the -2 d day of December, 2004, by Diana
<br />Church, a single person, and Maxine rch, a single erson, o be their voluntary act and deed.
<br />F—WdNmN0TARY- State of Netua m
<br />DENISE D MYEAS I Notary Pub
<br />i .5 �- My comet. Ev.
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