R91-110 AUTHORIZING PURCHASE OF REAL PROPERTY - METROPOLITAN LIFE INSURANCE COMPANY

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OFFER TO PURCHASE TO: Metropolitan life Insurance�ompany 8�17 Wes� 1101h Siree.—Su�te 700 Overland P2rk,Kanses 662t0�2�Ot Atiention: Vice Presioen,. Ag riC u I t u r a I I n ve s t ment 5 The unde�sioned("Purchaser")offers ano ac�ees te purchase liom tJetropolaan Lde Insurance Company("Seller").in accord- ance wdh Iha prov�sions ol th�s Ot1er to Purchese(1he Ofter"�.all tha�ce^e�n lanc�+�Cn tne imp�ovemen!s thNreon(the"Premises"), commonly kno��n as }–�+1 Jan–Glenn and situaied.tying and De�no�n ihe Countp ol Mac on ,State o� 111 i nni c and more pan�cuta�iy descnbetl in Schedule'A' attacned hereto The Prem�ses shal;rT-+�ncluoe Seiler s minera�nghts,d any TOGETHER witr all appurtenances. persona;p�operty antl water nohts located on the Prem�ses as are hsteo on Schecule"B' a!tached hereto but spenf�c2iiy exclutl�nq arn ta;ures or pe�sonal propeny ownec oy tenants or o;hers ane Selle�agrees to execute and delrver to Pu�chaser on Clesmg all prop2r insiruments tor the conveyance o1 such idle t. The purchase p��ce(ihe`Purchase Price l is �e hundred thirt�� thou_�nd fi��e hundred Dulizrs �S t q��l ),payable as loliov:s °��nP Doi�ars (S – – – 1 on Purch25er 5 Sioninq this Ofler by check sub�ed lo coliea�on and ihe Dalance ol Crie hundred thirt�' thcr�sand five hundred Do!�ars(S ��,��-�0 )in bank,c25hi2r s or 000d cer�i�ed check on dehvery ot the Deeo iwh�ch tlehvery�s ine"Closing") 2. Finanang terms.d any.are hsted on Ritler �on (II none,enter NONE) – -- attached here�o. 3. The lollowing expenses relai�ng to Ciosmg (a)state and 1oc21 transfer taxes and fees,(b)any escrow or clos�ne ch2roes. (c)recording fees.(d)revenue stamps that may be necessary,(e)stafe or mun�c�pal documernary stamps to be ah�ned to the Deed and(f)Brokers tees,i1 any,are to be pa�d as tollows Seller shali pay(H none.enter N�NE) d and Purchaser snall pay QI none,enter NONE) h R c 4. Ewdence of title shall be ��A and shall be p�ov�ded by – – – at the expense p� – – – wlthin – – – (—)days afler ihe execution o!this Ofle�by both Purchaser and Selier. 5. The Premises are sold znd are to be corn�eyed sub�ect to the follow�ng matters v:hich shau not constrtute ob�ections to mle and will be permrtted exceptions to the title conveyed Irom Selier to Purch2ser. a. All zoning and building laws.ordinances.maps.resoiut�ons ano reoulzuons of all governmenial authoriues hawng�urisdicuon wh�ch allect ihe Prem�ces and the use and improvernent thereot. b. Ali ngh,s.tovenants.condiUons.aareem?nts and restnctions containec or reterred to in any instrumeMs o1 record. c. Riohts o`wa�.easemen!s and cor.sen:s ot record. d. Any state ot facts or condit�ons an accurate survey or personai�nspeci�on.made of the Premises at the time of Closing would disclose. e. Any watec mmeral or other rights already gr2nted to o•reserved by othe�paroes,including(wdhout IimrtatiDn)any lezses listed or.Schedule"C"attached hereto. i. Such other title excepuons 25 may be apCroved by Purchaser 6. In the event that Selie�is un2bie to convey titie in accordance wdh the terms of this Otfer,the sole iiability o`Selier witl be fo refund to Purchase�any amount pa�d on account ol the Purchzse Price.and upor such re!und be�nq made,th�s Offer shall be con- sidered cancelled except tha;Purchaser mzy.by nouce to Seiler beio�e 1ne Cbs�ng.elect to take title to ttr`Prem�ses sub�ect to any tlefects o1 trtie wdhout abaternent oi the Purchzse Price.Purch2ser aarees+ha!Seller shall be under no oohoa;�on whatsoever to commence any proceedinos.swts or act�ons to clear tdle or elim�nate any tletects ot tdle.or expend any tunds in connection therewith. for the 199G tax ��ea*. na�•ab�e �}� 1991. 7. Selle�shall pay all propeny taxes and assessments on the Prem�ses due • ..—. sa� axes are not yet assessed.the property taxes and zssessmenis U��clud�ng water nght assessments.it appl�cable)shalt be paid by Seller on ih?basis oi ihe las!ava�lable tax rate and vsluation.Purchaser shall be responsible tor/all subsequenl property taxes and assessments. 1991 and 8. Risk ot bss by tire or of�r casualty snall be on Setler untii,and on Purchaser lrom and afler.the earher ot the dale(2)title passes and(b)Purchaser takes pcssession of al!or a ooh�on of the Premises.Seller may.in the event ot damaoe to the Premises in excess ot Three Thousand ano Nc 100 DoUars(53.000 00).due to fire or other casualty,terminate this Ofter. ret ined 9. Except as herem oiherv+�se expressly prov�ded.all�ncome and or expense�tems with respect to the Premises sha�l b r.. '�r . , _ _, , ,_,,,,,_ „ , _ ,_„ �„ ,.y. by Seller for 1991 crop ��ear. 10. The amount o`any unpa�tl taxes assessmenis.water and sewe�charaes wh�ch Seller is obhqated to pay and discharoe,wrth the interest and pen2iLe;thereon to z date no:later than iwo(2)busmess days atter ihe date oi the Clos�ng,may a7 the option of Selier be ahowed to Purchaser out o'the ba;ance ot the Purchase Pnce.provioed ofiiaal bills theretore wr,h imeres:and penalt�es thereon hgured Io said date are fumisheC by Seller at the Closmg H at the d2te of the Closma there may be any other hens or encumbrances which Seller is obhaated to p2� and d�scharge,Selier may use any pon�on of the Daiance oi ihe Purchase Pnce to satisly same.provided Selle�shall have del�vered to Purchaser at the Cbs�ng inst uments in recordable form and sutf�c�ent to sal�sty such hens and encumbrances of recad.tooe!her wdh the cost of recordmg or f�hne sa�d instruments.Purchzser,d request is made within a reasonable ume pno�to the date ol Clos�ng.agrees to prowde at the Clos�ng separate cer,d�ed checks as re�uesied,aagre- oating ihe amount ot the balance ot the Purchase Pr�ce to faalrtate the satisfaction ot any such liens or encumbrances.The ezistence of any such taxes or other I�ens and encumbrances shali no;be deemed objed�ons to tdle ii Sel�er shail comply wrh the foregoing requnements. 11 All noLces and other commurncations reowred or permftted to be oiven by this Otter shal!be�n wntino and 5!k"be seM by cer- td�ed or reg�stered mail,relum receipt reouesteC.postaoe prepaid.d io Selle�at ihe add�esses shown above and ii to Purchaser at the adoress shown below or to such other adoress or to the anent�on o1 such othe�person as Sei�er or Purchaser rruy designate by notice to the other pursuan:hereto.Each nou�e o�commun�cat�on shalt be deemed to have been grven on the da�e ttw rewm rece�pt is signed or delivery is re�ected 180DD066727(0588) FM�855-A0510588;Pnntec�n U S A