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LEASE . GRE%DILNT 86- 104388 � THIS LEASE AGREEMENT is entered into this 12e)—day of 1986, between DELBERT L. BECHTHOLD and CAROLYN C. BEC THOLD, husband and wife, hereinafter referred to as $, "Landlord ", whether one or more, and LINDA R. CROCKER, herein- after referred to as "Tenant" This Lease and Grant of Option to Purchase, is made on the following terms: 1. The Landlord grants to the Tenant the right to occupy the dwelling unit located upon the following premises, to -wit: Lot Sixty -Six (66), West Lawn Addition to the Citv of Grand Island, Hall County, Nebraska, for a period of five (5) years, commencing August 1, 1986, and continuing to July 31, 1991. 2. The Tenant agrees to pay monthly rent in advance of Four Hundred Fifty Dollars ($450.00) commencing August 1, 1986, and a like amount to be naid on the lst day of each month during the first term of this Agreement. On August 1 of each year of this Lease Agreement, the Landlord, at Landlord's option, may increase the monthly rental for the next succeedinq twelve (12) months, provided, said annual .increase in the monthly rental payments shall not exceed the rate of six percent (6%). 3. For value received and in consideration of this Lease Agreement, Landlord hereby grants to Tenant an option to purchase the above - described premises, together with all tenements, hereditaments and appurtenances thereto belonging and personal property of Landlord now located therein for a term to coincide with the term of this Lease Agreement. If the option to purchase is not executed prior to July 31, 1991, said option shall expire. The Landlord's grant of option to purchase herein is reserved to an amount of Fiftv -Five Thousand Dollars ($55,000.00) throughout the term of this Lease. Any breach of any part of this Lease resulting in a forfeiture and termination of the Lease shall likewise be a breach of the option and a forfeiture and termination of the option. In order to exercise this option, Tenant shall serve upon Landlord, written notice of her exercise hereof, by per- sonally notifying, or by mailing certified mail, notice of such exercise of option to Landlord at 2761 Oakmont, San Bruno, California 94066, or to such other address as Landlord shall direct in writing. This Option and Lease Agreement may be as- signed by Tenant but not without prior written approval of the Landlord. As soon as reasonably possible after the exercise of this option by Tenant, Landlord shall furnish to Tenant an Abstract of Title or title insurance binder to the premises showing marketable title to Landlord. Within ten (10) IN