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200801582 easements, restrictions, covenants and conditions of record, except that delinquent real property taxes and special assessments, and any mortgage or liens, including potential mechanic's liens or other liens outstanding on the Real Property, shall be discharged from the proceeds payable by Developer hereunder. Real property taxes becoming delinquent in the year of Closing shall be deemed current and shall be prorated as of the date of Closing. The costs of Closing and title shall be split equally between Developer and Owner at closing. 5. Termination. Upon termination of each option to purchase, Developer agrees to duly execute and deliver freely, without charge, to Owner a release (properly executed, acknowledged and in recordable form) of such option right in any interest of Developer in the Real Property arising out of such terminated option right. 6. Intentionallv Deleted. 7. Binding Effect. Subject to the prOViSions hereof regarding assignment, this Agreement shall be binding upon and inure to the benefit of the owner of the Real Property and the Developer and their respective successors and assigns. 8. Amendment. Neither this Agreement nor any term or provisions hereof may be changed, waived, discharged, amended or modified orally, or in any manner other than by an instrument in WrIting signed by all of the Parties hereto. 9. Costs and Attornevs' Fees. If any party hereto shall bring any suit or other action against another for relief, declaration or otherwise, arising out of this Agreement, the losing party shall indemnify the prevailing party for all of its reasonable costs and expenses, including such sum as the court may determine to be reasonable attorneys' fees. 10. Time. Time is of the essence with respect to each option term. 11. Governing Law. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Nebraska, without giving effect to principles and provisions thereof relating to conflict or choice of laws and irrespective of the fact that anyone of the Parties is now or may become a resident of a different state. Venue for any action under this Agreement shall he in Nebraska. 12, Documents. Each party to this Agreement shall perform any and all acts and execute and deliver any and all documents as may be necessary and proper under the circumstances in order to accomplish the intents and purposes of this Agreement and to carry out its provisions. 13. Entire Agreement. This Agreement (and any attached exhibits) contains the entire agreement and understanding of the Parties with respect to the entire subject matter hereof, and there are no representations, inducements, promises or agreements, oral or otherwise, not embodied herein. Any and all prior discussion, negotiations, commitments and understandings relating thereto are merged herein. There are no conditions precedent to the effectiveness of this 3