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200908930 at closure and upon payment of the balance of the purchase price. Final closure shall be within sixty (60) days after the exercise of the option set Earth herein; provided, however, that in the event that the notice of the right to exercise the option is given by the SELLERS to the OPTIONEES at any time between the dates of March 1 to August 10, inclusive, final closure shall not be earlier than thirty (30) days after the harvest of the crops graven on the said real estate during the yeaz of final closure. In the event final closure is at any time after the crop has been planted and before harvest, the landlord's shaze of said crop or the cash rent for that yeaz, as appropriate, shall be paid to the SELLER. The balance of the purchase price shall be due upon and full possession shall be given at final closure, subject only to the rights of tenants in possession. The general real estate taxes for the year of final closure shall be paid by the party who under the purchase agreement is entitled to the landlord's share of the crop or the cash rent, as appropriate. Title insurance shall be provided by the SELLERS with the premium to be paid one-half ('/Z) by each party. Costs of any closing agent shall be paid one-half ('/Z) by each party and all other costs and expenses shall be paid at the time of closure in the manner as is customary in the area for the sale of farmland. 7. TRANSFERABILITY AND BINDING EFFECT. This option and all rights hereunder shall be appurtenant to the land described herein, and shall be considered and construed as a covenant running with the above-described real estate. This agreement shall be binding upon and shall inure and extend to the benefit of the heirs, personal representatives, successors, and assigns of the parties hereto, and shall continue in full force and effect until abrogated or annulled by mutual agreement or until it expires as provided for in paragraph 2. IN WITNESS WHEREOF, the parties have executed this agreement an the date(s) set forth hereinafter. Janet L. Broeder Dated: November ~ 2009 Lyle Broeder Dated: November ~ 2009 OPTIONEES: ~. Nathan A. Brabec Dated: November ~, 2009 ~[\ ~~ Miranda K. Brabec Dated: November ~g, 2009 3 ~aiea: 1~UVCi,iuG, ~ ~.~~~