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Joseph and Kaylene Hockensmith, husband and wife, who reside at 15421 S.
<br />Hilltop Rd., Hastings, Nebraska, hereby grant to Paul and Patricia Dietze, husband and O�
<br />wife, or their heirs, legatees, devisees, assignees or other designee, a first right of refusal
<br />on the following parcel of real estate:
<br />A. Lot A, Hockensmith Subdivision, Hall County, Nebraska.
<br />In accordance with the following terms and conditions:
<br />(1) Neither Joseph or Kaylene Hockensmith, hereafter the " Hockensmith's," or
<br />their heirs, legatees, devisees, assignees, or other designees shall sell the above described
<br />parcel of real estate without first giving Paul and Patricia Dietze, hereafter the " Dietze's,"
<br />a right of first refusal for a period of thirty (30) days from the first day following the
<br />receipt by Hockensmith's of a copy of a valid and binding offer to purchase Lot #l,
<br />Hockensmith Subdivision, Hall County, Nebraska.
<br />(2) The first right of refusal shall allow the Dietze's to purchase the above
<br />described real estate that is being sold on the same terms and conditions as any other third
<br />party purchaser or acquirer of the premises.
<br />(3) If Dietze's do not agree to purchase the above described real estate being sold,
<br />with the thirty (30) day period, then the property may be sold free and clear of this first
<br />right of refusal.
<br />(4) If Dietze's do agree to purchase Lot #l, Hockensmith Subdivision, then they
<br />shall have thirty (30) days from the day the Hockensmith's, or their agent, provide
<br />evidence of good and marketable title to close the purchase.
<br />(5) If the Dietze's should fail to satisfy their agreement to purchase, then Lot #l,
<br />Hockensmith Subdivision, shall be sold free and clear of this first right of refusal.
<br />(6) Upon the provision of a good and marketable title by general warranty deed
<br />signed by the Hockensmith's and following the satisfaction of any purchase agreement of
<br />the Dietze's, then Lot #1 Hockensmith Subdivision, shall be free and clear of this first right
<br />of refusal .
<br />(7) If there is a defect in obtaining marketable title, then the Hockensmith's shall
<br />have twenty (20) days to correct said defect in order to provide marketable title in
<br />addition to the time limits set out herein. If title is not then marketable, then the Dietze's
<br />shall have the option of either completing the purchase or rejecting said purchase.
<br />(8) The consideration for this first right of refusal shall be execution and closing of
<br />a contract for the sale, dated march 13, 2003 , 2003, of Lot #1 Hockensmith
<br />Subdivision, between Dan and Carol McWhirter, Sellers, and Joseph and Kaylene
<br />Hockensmith, Buyers.
<br />(9) the Dietze's may, at their option and expense, record this first right of refusal
<br />at the Register of Deeds, Hall County.
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<br />FIRST
<br />RIGHT
<br />OF REFUSAL
<br />Joseph and Kaylene Hockensmith, husband and wife, who reside at 15421 S.
<br />Hilltop Rd., Hastings, Nebraska, hereby grant to Paul and Patricia Dietze, husband and O�
<br />wife, or their heirs, legatees, devisees, assignees or other designee, a first right of refusal
<br />on the following parcel of real estate:
<br />A. Lot A, Hockensmith Subdivision, Hall County, Nebraska.
<br />In accordance with the following terms and conditions:
<br />(1) Neither Joseph or Kaylene Hockensmith, hereafter the " Hockensmith's," or
<br />their heirs, legatees, devisees, assignees, or other designees shall sell the above described
<br />parcel of real estate without first giving Paul and Patricia Dietze, hereafter the " Dietze's,"
<br />a right of first refusal for a period of thirty (30) days from the first day following the
<br />receipt by Hockensmith's of a copy of a valid and binding offer to purchase Lot #l,
<br />Hockensmith Subdivision, Hall County, Nebraska.
<br />(2) The first right of refusal shall allow the Dietze's to purchase the above
<br />described real estate that is being sold on the same terms and conditions as any other third
<br />party purchaser or acquirer of the premises.
<br />(3) If Dietze's do not agree to purchase the above described real estate being sold,
<br />with the thirty (30) day period, then the property may be sold free and clear of this first
<br />right of refusal.
<br />(4) If Dietze's do agree to purchase Lot #l, Hockensmith Subdivision, then they
<br />shall have thirty (30) days from the day the Hockensmith's, or their agent, provide
<br />evidence of good and marketable title to close the purchase.
<br />(5) If the Dietze's should fail to satisfy their agreement to purchase, then Lot #l,
<br />Hockensmith Subdivision, shall be sold free and clear of this first right of refusal.
<br />(6) Upon the provision of a good and marketable title by general warranty deed
<br />signed by the Hockensmith's and following the satisfaction of any purchase agreement of
<br />the Dietze's, then Lot #1 Hockensmith Subdivision, shall be free and clear of this first right
<br />of refusal .
<br />(7) If there is a defect in obtaining marketable title, then the Hockensmith's shall
<br />have twenty (20) days to correct said defect in order to provide marketable title in
<br />addition to the time limits set out herein. If title is not then marketable, then the Dietze's
<br />shall have the option of either completing the purchase or rejecting said purchase.
<br />(8) The consideration for this first right of refusal shall be execution and closing of
<br />a contract for the sale, dated march 13, 2003 , 2003, of Lot #1 Hockensmith
<br />Subdivision, between Dan and Carol McWhirter, Sellers, and Joseph and Kaylene
<br />Hockensmith, Buyers.
<br />(9) the Dietze's may, at their option and expense, record this first right of refusal
<br />at the Register of Deeds, Hall County.
<br />
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