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<br />N <br />IS) <br />IS) <br />en <br />IS) <br />(]1 <br />....... <br />+:>- <br />N <br /> <br /> <br />f~~3 <br />",f\t:::l <br />..... <br />..... <br />2'~~ <br />~.... () E <br />tr\. ~ <br />>::l <br />~~ ~ <br />~Y1 C <br />1\3 1-'- <br />I . <br />-- <br />"'Q <br />};r <br /> <br />;0 <br />m <br />." <br />c: <br />Z <br />Qno <br />m>~ <br />0(1) <br />~::J: <br /> <br />on <br />:::I:)> <br />m CJ) <br />Q ,:J: <br />I <br /> <br />~ <br />="' <br />="' <br />~ <br />~~ <br />~~~ : <br /> <br />...., '.L <br /> <br />~ r ~ <br />~ N <br /> <br />-oJ <br /> <br />en <br />en <br /> <br /> <br />oen <br />0--1 <br />c:J> <br />z-l <br />-1m <br />-<0 <br />0"" <br />-" :z: <br />:r;rr1 <br />>(0 <br />,;;0 <br />,:t>- <br />en <br />:::0:: <br />)> <br />-- <br /> <br />~ <br />+- <br />~ <br />g <br /> <br />MEMORANDUM OF OPTION <br /> <br />200605142 <br /> <br />CORALEE I. LAUTENSCHLAGER and MYRON LAUTENSCHLAGER, Co- <br />Trustees of the Norman W. Lautenschlager Irrevocable Trust, Optionor, give and do <br />grant an exclusive option to purchase the following described real estate, upon terms <br />and conditions of that certain Option Agreement dated a~ :J.. ,,} 'J.-e" (d , <br />2006, entered into among Optionor signatory hereto, PATRICK J. MORROW III, as <br />Escrow Agent, and JAY T. LAUTENSCHLAGER, as Optionee, commencing as of the <br />date of the Option Agreement, and terminating six months after the date of death of <br />the survivor of CORALEE I. LAUTENSCHLAGER and JUDITH A. LAUTENSCHLAGER <br /> <br />thereafter, provided that if the option is not exercised within the time stated it shall <br />terminate and become ineffective absolutely without notice or action of any kind <br />between the parties: <br /> <br />SEE ATTACHED EXHIBIT "A" <br /> <br />1 /--Ll /J ../U... (.//J <br />DATED this c::;fi0Ofday of ~L <br /> <br />, 2006. <br /> <br />OPTIONOR: <br /> <br />~ t.' <br />(. . /'" ') 7 <br />. <-~ - /J/U~-fyAI(1~j/farU <br />CORALEE I. LAUT'ENSCHLAGER, - <br />Co-Trustee of the Norman W. <br />Lautenschlager irrevocable Trust <br />307 West Pine Street <br />Doniphan, NE 68832-9646 <br /> <br />OPTIONOR: <br /> <br /> <br />...._......... /._,,~.1 /. <br />j7-[E"t.-- <br />R AUTENSCHLAGER, <br />Co- ustee of the Norman W. <br />Lautenschlager Irrevocable Trust <br />5767 W. Binfield Road <br />Doniphan, NE 68832-9730 <br /> <br />- 1 - <br /> <br />~I <br /> <br />en" <br />IA <br /> <br />~i <br /> <br /> <br />,.... <br />z <br />,.., <br />