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200212607 OPTION TO PURCHASE REAL ESTATE DONALD D. STANGE, GRANTOR, for a valuable consideration, Hereby gives and grants unto STANGE, INC., A Nebraska Corporation, GRANTEE, the Option to purchase the following described real estate situated in Hall County, Nebraska: The West Half of the Northeast Quarter (W1 /2 NE1 /4) and the East Half of the Northwest Quarter (El /2 NW1 /4) , all in Section Thirty -Four (34) , Township Twelve (12) North, Range ^welve (12), West of the 6th P.M., in Hall County, Nebraska, except a tract of land comprising a part of the West Half of the Northeast Quarter (W1 /2 NE1 /4) of Section Thirty -Four (34), Township Twelve (12) North, Range Twelve (12), West of the 6th P.M., Hall County, Nebraska, said tract being more particularly described as follows: With reference to the Northwest corner of said West Half of the Northeast Quarter (W1 /2 NE1 /4i; thence running on an assumed bearing of N 90° 00100" East on the north line of said West Half of the Northeast Quarter (Wl /2 NE1 /4) for a distance of 583.00 feet to the actual point of beginning, thence continuing N 90 100'00 East on the north line of said West Half of the Northeast Quarter (WI/2 NE1 /4) for 741.16 feet to the Northeast corner thereof, thence S 00 °38'10" West on the East line of said West Half of the Northeast Quarter (W1 /2 NE1 /4) for 1389.97 feet; t: -ence N 90 °00'00" West for 150.00 feet; thence N 00 °38'10" Fast for 518.92 feet; thence N 90 °00'00" West for 120.00 feet; thence North 00 °38'10" East for 423.36 feet; thence N 86 °13'45" West for 350.90 feet; thence on a 1245.00 foot radius curve to the Deft for 156.87 feet, the chord to said curve bearing N 54 °26'41" West for 156.76 feet, thence N 01 °58'12" East for 333.64 feet to the point of beginning, said tract conta -ring 11.777 acres more or less, the Northerly 33.00 thereof being Abbott Road right -of -way, consisting of 148.23 acres, more or less, on the `oilowing -erms and conditions: 1. Term. This Option will expire if and when the GRANTEE ceases to operate and exist as a v?able Nebraska Corporation and is dissolved through the laws of the State of Nebraska, with said dissolution continuing for a period of 90 continuous days. 2. Exercise of Option. GRANTEE shall exercise the option by giving GRANTOR written notice of exercise delivered in person to GRANTOR at any time during the term, of this Option but in no event later than 90 days prior to the happening of the occurrences as set forth the preceding paragraph which define the term of the Option and its expiration. Notice should be sent by mail, postage prepaid, with the downpayment payable to GRANTOR in the amount of Five Thousand Dollars ($5,000.00).