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<br />EXHIBIT A <br />TO AMENDMBBT TO OPTION <br />TO PURCHASE AND OPTION TO SELL <br /> <br />, , <br /> <br />03/97 <br /> <br />DEFERRED LIKE-KIND REAL PROPERTY ExcHANGE AGREEMENT <br />(with Assignment and "Direct Deed" ?rovision.> <br /> <br />This Exchange Agreement, dated <br />is made and entered into by and among the <br /> <br />, 19_ <br />following partie61 <br />( "Exchanger") , <br />--= ('. purchaseX'") <br />Company (nORNTICn). <br /> <br />and Old Republic National Title Insurance <br /> <br />Whereas, Exchanger and purchaser have <br />Agreement ("Agreement"), dated <br />Exchanger agreed to sell .nd pur~haser agreed <br />property located at <br />r State of <br /> <br />entered into an <br />, 19____, wherein <br />to buy certain real <br />. County of <br />(the "Relinquished <br /> <br />propertytt); and <br /> <br />Whereas, gxchanger intends to transfer its interest in the <br />~elinquished property according to the terms of the Agreement and <br />this Exchange Agreement sO as to qualify the transfer as a deferred <br />like-kind exchange pursuant to Section 1031 of the Internal Revenue <br />Code of 1986, (the "Code"), and Treasury Regulation section <br />1.1031(k)-1 (the "R.egulations"), as both may be amended, and <br />purchase:r has ~greed to cooperate with Exchanger to facilitate such <br />a qualifying transfer, and ORNT!C has agreed to faci!itate such <br />e1Cchange by acting as a "qualified intermediary" as that term is <br />defined in the Regulations. <br /> <br />Therefore, for "a11.1able consic.ieration, the parties hereto <br />agree as follows: <br /> <br />1. Exchanger hereby assigns to ORNT!C all of Exchanger's rights <br />in the A9:reement, and purohaser ackno~ledges notice of and <br />hereby consents to such assignment. Notwi thstanding th~ <br />foregoing, ORNTIC at closing shall direct Exchanger to <br />tranSlfeX' and convey E:x.changer's title to the Relinquished <br />Property directly to purchaser according to the terms and <br />conditions of the Agreement, and axchanger agrees to do so. <br />At clo.inS puX'chaliler shall tranliilfer to ORNTIC, p\1rliiluant to the <br />foregoing assignment, all the net proceedS of sale (the .mount <br />payable to the seller on the closing or settlement statement <br />after reductions from the gross amount due) which would have <br />been due anc.i payable at closing to Exchanger but for the' <br />assignment. In the event the transfer does not take place as <br />contemplated hereunder, ORNTIC shall immediately reassign to <br />Exchanger, without recourse, its rights and obliga.tions unde.r <br />the Agreement, and E1Cchanger agrees to accept the <br />re'assignment. <br /> <br />2. ORNTIC shall within a reasonable time after closing deposit <br />all the net proceeds of sale :received by it in a fed6~ally <br />insured financial institution selected by it at its <br />discretion. ORNTIC shall not be responsible for'maximizing <br /> <br />6U <br />