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(r <br />85.,,E C= <br />002917 <br />dPTTpN TO PURCHASE REAL PROPERTY <br />This option is made and granted this 19th day of <br />September, 1983, by Garth A. Otis and Anthony Wheeler, as <br />optionors, in favor of Med West Health Care Management <br />Corporation, a South Dakota corporation, as optionee. <br />1. RECITALS: <br />I.I. Optionors are the owners of certain real <br />property located in Hall County, Nebraska, together with the <br />buildings and improvements located thereon which consist <br />of a 97 -bed intermediate care facility licensed by the State <br />Of Nebraska commonly known as the Heritage Village of Grand <br />Island -North and more particularly described in Exhibit "A" <br />attached hereto and made a part hereof. Optionors are also <br />the owners of certain personal property including machiner <br />equipment y' <br />inventories, consummables, business records and <br />other tangible and intangible assets, more particular) <br />described in Exhibit "B" y <br />attached hereto and made a part <br />hereof. Said real and personal <br />property shall hereinafter <br />be referred to as the "subject property" and any referee <br />to ownership thereof shall mean optionors' interest in reference <br />subject the <br />7 property. <br />1.2. Optionors are currently leasing the <br />subject Property o tionee under a lease agreement <br />executed concurrently herewith. <br />1.3. As part of the consideration for execution <br />L L <br />a <br />u <br />J <br />