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81°-~i.~Q28~Q 4. The Lessor grants the Lessee the option to extend the tens of this- lease for an additional four (4) years. The Lessee, if h~ intends to. -.- exercise this option, must so notify the Lessor, in writing, on or before March 1, 1985. If Lessee so notifies tfie Lessor, Lessor and Lessee she--i:3: negotiate the rental based upon like facilities available in Gairii, Netirast<a at that time and rentals for such like facilities. If the parties cannot agree by April 1, 1985 as to the rental for the four (4) year option-term, each shall select one appraiser and the two sa selected appraisers shall select a third. The three appraisers shall then, by majority decision, determine the fair rental for the leased premises for the four (4) year option tens and based upon the going rentals at the time for like facilities i~ Cairo, Nebraska. The Lessee may cancel his election to extend this lease for such additional four (4) year term if such rental, as determined by the appraisers, does not meet with his approval. However, he shalt so notify the Lessor within ten (10) days after the appraisers have determined such rental, or by May 1, 1985, whichever occurs earlier. 5. The Lessor reserves the right to terminate this lease during the renewal term if the Lessor has a bona fide offer to sell the leased premises or substantially aTi thereof. Lessee shall have the option to purchase the heretofore described real estate for the total sum of Twenty Thousand Dollars ($20,000.00). In the event, Lessor has a bona fide offer of purchase for the heretofore described real estate or any part thereof, Lessor shall notify Lessee by mailing to Lessee a notice in writing at 221 High Street, Cairo, Nebraska, of the said bona fide offer, and Lessee may exercise said option to purchase in the manner as hereinafter set forth in Paragraphs No. 6 and 7. 5. Further, at any time during the existence of this Lease, including airy renewals, Lessor grants to lessee the option to purchase the above described real estate for the total sum of Twenty Thousand Dollars ($20,000.00) cash. As heretofore stated, this option may be exercised at any time during the existence of this Lease, including any renewals, by Lessee by giving notice Lo Lessor of the option to purchase. The notice of the option to purchase by Lessee may be delivered to Lessor personally or delivered to Lessor by Lessee by mailing by regular mail to Lessor a notice of the exercise of the option to purchase. Lessee agrees to make a down payment of One Thousand Dollars ($1,000.00) at the time notice is given, Lessor and Lessee agree that closing mall be within forty-five (45) days of the notice of the exercise of the option to purchase.