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�� <br />� <br />,,_ ,._ , -M . . -_..__,_... <br />� , ., . �}' • , , � ;� - ��� !P'-'�, i;." ;,;r--� ;1:.'C . . � <br />. , • .t':i:, . ' e; '1I G�i �:T<iG�' + C;I; ;•�' �^�* <br />' � � ' • •• .;� " . ,.'�; J, . �T•.'C ' ,��-, C.�:'�: :J;?. _ <br />. "!fI Cl, �;r7�i . � - ` �'TfG T �� . <br />.i:�.. u ..(i.�,. <br />hereof, Ruyer notii'ies Sellers of Buyer's election to purchase the option <br />tracts, in that case, subject to the provisions of Article (9) hereof, Buyer <br />shall, wii;hin ttiirty (30) days after delivering such notice to Sellers, pay <br />�to Sellers, in the manner hereinafter stipulated, the purchase price of the <br />option �tracts, and concurrently �aith the receipt of such payment Seller <br />shall eYecute and deliver to Buyer a warranty deed conveying to Buyer marketable <br />title to the OP�lOIl tracts subject to the exeeptions stated in Article (1) <br />hereo�'. Sellers shall deliver nossession of the option tracts to Buyer con- <br />currently with delivery of said deed. Sellers shall pay all real estate <br />tAYBS due and payable in ar prior to the calendar year in which the optioi� is <br />e�ercised and all installr�ents of special assessmen�:s due and payable with <br />such �ates, Bu�-er shall asstiine and agree to pay a11 subsequent real estate <br />tAxes and all unpaid special assessments, whenever levied, to the extent of <br />the amounts or installmen�Ls thereof that become due and payable without de- <br />lii�queizc�• suosec�uent �o the calendar year in which the option is exercised. <br />(11 } `1'he purcliase price of the option tracts ( minus ad justments� <br />if any, p�trsiian� to Ar cicle ( 5) hEi•eof ) shall be Nin� Hundred Thousand Dollars <br />(�900,000.00) to oe paid in the followin�{ manner: <br />Orie llollar (.,>1.0U) b�• applying thereto the consideration in that <br />Ai::ount; pz3id u�� i�ti�•ei• foi• i:tlis ODtlUIl. <br />One Eitmdred Fort;y-nine Thousand Nine Hundred riinety-nine Dollars <br />(,,�1�.9,99�.�;)) in c�sh concurren�ly witn delivery of d�ed to and possession of <br />the aptio�i �z'�1C�S. <br />;Tcven H��nd1•ed i� iftti� i'tic�usand Dollars (,;75p,000.00) b;; a promissor�� <br />note for �i�nt principal Zr.�aunt secured b�• first purchase r�oney nort�a�e on the <br />o-��i�,;� ti•r�c:;s, vhe nr�.e �r.d T..or+�a�e to te si�::ed 'c;; Bu;;er pa;�able �o tlle ortiier <br />os :1, ;;i�t,.• L. Glue:: a,�d Loiiis �1. Gluek, Trustees, as joint tenants With right oi <br />s;.r�•:v�rshi�, ti.c no�e and r�ort�a�e to be delivered to Sellers concurrently <br />n:,t�:: �:�.l;.ti'•�";' ��'' c:e�c: �.o �nd possessicn of the op�ion �:•�cts, �nd to con�aiti <br />pz-��.•;sio: s ns ;lei-ei;:�z';:ei• stipulated. B�i��er shall pay the ?•finneso�a tnort�aQe <br />_•e�,is;.r;- ;.a�: o:: saic :•:o; t�a�e and the f�e of the RegistAr of Deeds for recording <br />�:ie ,~o, - -,a�,e . <br />6. <br />