Fill and Sign the Option to Buy Form

- 1 - 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)______________________________________________________________________________Colla te ra l A gre em en t to th is O ptio n is date d ____________________________, an d en title d __ _____ _______________ , b etw een O wner a n d O ptio nee a s _ ______________________________ _____ _______________ ________________________________________________________A uto m atic T erm in atio n D ate f o r t h is O ptio n i s _ _______________________________________.__ _____ _______________ _______________________________________________________C onsid era tio n f o r t h is O ptio n: [ ] $ _ ________________ _______ [ ] O th er : [ ] R eceip t i s a c k now le d ged b y O wner._ _ _____ _______________ _________________________________________________________R eal P ro perty ( A ddre ss o r L ocatio n) _ _ _____ _______________ ________________________________________________________R eal P ro perty ( L eg al D esc rip tio n )_ _ _____ _______________ _________________________________________________________ - 2 - OPT IO N. O wner a s O wner o f R eal P ro perty g ra n ts O ptio nee a n O ptio n t o P urc h ase t h at p ro perty a t a fu ll p ric e o f $ _ ________ _____________ p ay ab le b y a t le ast $ _ _____________________ c ash do w n a n d t h e b ala n ce f in an ced a s f o llo w s:O th er c h arg es a n d e x pen se s o f t h e s a le t o b e p aid o r p ro ra te d a s f o llo w s:1 . E xerc is e o f O ptio n: O pti o nee m ay e x erc is e th is O ptio n b y s e n din g w ritte n n otic e, c ertif ie d m ail, to O wner a t a d dre ss s h ow n o n o r b efo re a u to m atic te rm in atio n d ate , a n d u pon s u ch e x erc is e o f th is op tio n th e p artie s sh all e x ecu te e sc ro w in str u ctio ns in th e sta n dard fo rm o f th eir c h ose n e sc ro w com pan y a n d s h all i n co rp ora te t h is o ptio n b y r e fe re n ce.2 . T im e i s o f E sse n ce: T im e i s o f t h e e sse n ce o f t h is O ptio n.3. N on-a ssig nab le : T his O ptio n i s n ot a ssig nab le b y O ptio nee w ith out t h e w ritte n c o nse n t o f O wner.4 . M odif ic atio n: T his O ptio n m ay b e m odif ie d o nly b y a w ritin g s ig ned b y b oth p artie s.5 . S ucce sso rs o f R ig hts : T he te rm s o f th is O ptio n s h all b e b in din g u pon a n d in ure to th e s u ccesso rs in i n te re st a n d a ssig nees o f t h e p artie s h ere to .6. A ddit io nal P ro vis io ns:_ _ _____ _______________ ______________ __________________________________S ig natu re o f O w ner Sig natu re o f O wner_ _ _____ _______________ ______________ __________________________________S ig natu re o f O w ner Sig natu re o f O wnerS U BSC RIB ED A ND S W ORN B EFO RE M E T H IS D ATE : _ ______________________S T A TE O F _ ____________ _ ) )s s N ota ry P ublic _ __ ____________________________( s e al ) C ounty o f _ ______________ S U BSC RIB ED A ND S W ORN B EFO RE M E T H IS D ATE : _ ______________________ S T A TE O F _ ____________ _ ) )s s Nota ry P ublic _ __ ____________________________ ( s e al) C ounty o f _ ______________ )