Fill and Sign the Form Home Sale

When Recorded Mail to : ___________________________ ___________________________ ___________________________ ___________________________ OPTION TO PURCHASE REAL ESTATE ______________________________________________________________________________ Effective Date County and State ______________________________________________________________________________ OWNER OPTIONEE ( Name, Address & Zip Code) ( Name, Address and Zip Code) ______________________________________________________________________________ Collateral Agreement to this Option is dated ____________________________, and entitled ______________________, between Owner and Optionee as _____________________________ ______________________________________________________________________________ Automatic Termination Date for this Option is ________________________________________. _____________________________________________________________________________ Consideration for this Option: [ ] $ ________________________ [ ] Other : [ ] Receipt is acknowledged by Owner. _______________________________________________________________________________ Real Property (Address or Location) ______________________________________________________________________________ Real Property ( Legal Description ) _______________________________________________________________________________ OPTION. Owner as Owner of Real Property grants Optionee an Option to Purchase that property at a full price of $ ______________________ payable by at least $ ______________________ - 1 - cash down and the balance financed as follows: Other charges and expenses of the sale to be paid or prorated as follows: 1. Exercise of Option: Optionee may exercise this Option by sending written notice, certified mail, to Owner at address shown on or before automatic termination date, and upon such exercise of this option the parties shall execute escrow instructions in the standard form of their chosen escrow company and shall incorporate this option by reference. 2. Time is of Essence: Time is of the essence of this Option. 3. Non - assignable: This Option is not assignable by Optionee without the written consent of Owner. 4. Modification: This Option may be modified only by a writing signed by both parties. 5. Successors of Rights: The terms of this Option shall be binding upon and inure to the successors in interest and assignees of the parties hereto. 6. Additional Provisions: ____________________________________ __________________________________ Signature of Owner Signature of Owner ____________________________________ __________________________________ Signature of Owner Signature of Owner SUBSCRIBED AND SWORN BEFORE ME THIS DATE : _______________________ STATE OF ______________ ) )ss Notary Public _______________________________( seal ) County of _______________ SUBSCRIBED AND SWORN BEFORE ME THIS DATE : _______________________ STATE OF ______________ ) )ss Notary Public _______________________________ (seal) County of _______________ ) - 2 -