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,.~. ;0 n n "" m :J: )I> ,'=> (") (f) oj1'l -n c:;:;:> m en c::n o --< N~ C n ::I: ~ c::l> n Z ,..; C_ 2--1 n 0 ~~ = -lrrl O~ N :J: :z S m )> ~ -<0 s n en 0"'" ~ar (j) ,..; :x: c.n -"z S ..." ~ S 0 ::r.: f'Tl ~i -->. rrl ::D 1> co S rrl t ::3 r- :;0 0:> 0 r po (/') ......... (/) ......... ;><:; l> c...:> -- w U'l (f) ~ MEMORANDUM OF OPTION AGREEMENT 200600108 THIS MEMORANDUM OF OPTION AGREEMENT (Memorandum) is entered into by and between Cristo Cordero de Dios Iglesia Evangelica Luterana, a Nebraska nonprofit corporation 1/ (ju (Owner), and The Nebraska District of The Lrtheran Church-Missouri Synod, a Nebraska I U ' nonprofit corporation (Optionee), as of :t-k... ~ ,2005. RECITALS WHEREAS, Owner is the owner of the real estate described in Exhibit "A", attached hereto and by this reference specifically incorporated herein, which real estate, together with any improvements now located or later constructed thereon and all rights, privileges and easements appurtenant thereto, is referred to herein as the "Property"; and WHEREAS, Owner and Optionee have entered into that certain Option Agreement dated April 3, 2005 (Option Agreement), whereby Owner has granted to Optionee an option to purchase the Property from Owner upon and subject to the terms and conditions of the Option Agreement; and WHEREAS, the parties wish to give notice of the existence ofthe Option Agreement. NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 1. Pursuant to the Option Agreement, Owner has granted to Optionee the exclusive option (Option) to purchase the Property from Owner, upon and subject to the terms and conditions contained in the Option Agreement. 2. The term of the Option commences on April 3, 2005 and shall continue until 11 :59 p.m. on March 31, 2104. 3. Subject to certain conditions precedent stated in the Option Agreement, Optionee may exercise the Option by giving written notice of such exercise to Owner at any time during the term ofthe Option. Such written notice shall be deemed to have been given during the term ofthe Option if it is received by Owner during the term of the Option or if it is sent to Owner by prepaid United States Certified Mail, return receipt requested, during the term ofthe Option, as evidenced by United States Postal Service postmark or receipt for certified mail. 4. Ifthe Option is not exercised pursuant to the Option Agreement, then the Option shall automatically expire at the end of the period set forth in Section 2 hereof. 5. The terms and conditions ofthe Option Agreement are incorporated by reference into this Memorandum as if such terms were specifically set forth herein. In the event of a conflict Return to: RL t [nlN , Kurth A. Brashear BRASHEAR & GINN North Old Mill 711 North 1081h Court Omaha, Nebraska 68154-1714 06/01105.17;12 Drashear & Ginn 00044023 :3