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<br />B. Personal P[OperIX:
<br />1. Architectural plans including survey,
<br />r topography drawings, and constructlen ,
<br />.1 erawinas.
<br />ii. FMA package.
<br />lii. Appraisal
<br />iv. Legal documents pertaining to condo-
<br />li mintum including Declaration and Bylaws.
<br />Upon the execution of this option, Optionor will
<br />supply Optp,elee with twelve (12) .its of the
<br />archit eetutal plans rl'el)ArCO by Singleton L
<br />" Pollock. In, the tvrnt that Optionee exercises
<br />( this option, Optlooce sit -ill laly, til addition to
<br />the purebnse price stated herein, the cost of the
<br />tw'elvc (11) rets of plans as charner to Optionor
<br />t•Y :�1:11) lr l.•11 a [01 111, n Ill t!,, evelit. that the
<br />Optionce shall not ex,•rciFO this ,'1., tun, lgllltlnnr
<br />$!fall pay the cost of the twelve (12) sets of plans
<br />Willett Shall be tctuulcd by Uptlouce to Uptionor.
<br />2, Ter-. of Option. This Option shall continue in
<br />ef("t unill 3:JJ 1•.Y, un Juuc 15, Iv79, and may be exercised
<br />i in accordance with its terms at any tire on or before its
<br />expiration.
<br />3. Failure to Exercise. rO the Opte st does not
<br />exercise .this nrOLTAR p herein he Optarl, the .•,um he one and
<br />CJ1100 (61.001 DOLLAR Paid by the so-ttre shall he retained
<br />L•y the Uy CSOOOC, lreC Ut all eldirs Ot the Op[IOOCr, and
<br />ther party shall have any further rights or claims against
<br />the other.
<br />t 11
<br />F.1 - 4. Method of Exercise. The option may be exercised by
<br />Optionce only 6v derive[inn to Optienor in care of Kennedy,
<br />Moore A Twisselran, 607 Medical Dental tluildinq, 2724 Colby
<br />-Avenue, P.O. Box 459, Everett, Washington 913206, not later
<br />•Y than.the expiration date, a written notice stating that Op-
<br />,(_ Linnet exercises the option tad fixing .1 dale for the cnnevy-
<br />once of the real an,l ),ersonal proierty to Optionce, which
<br />-date, hcrieinafter called Hle 'Closing Date.- shall not be
<br />less than'(iftocn (15) days, nor core than thirty (30) days
<br />atter delivery o1 suOi notice; and simultancuusly delivering
<br />1 to Oplienor a eettt(ied or cashier's check in the amount of
<br />t Ten Tnoasand and 00/100 ($10,000.00) DOLLARS. If this option
<br />is exercised in accordance witn its terms, the Optionor shall
<br />sell ard'eonvey the real and personal property to the Option-
<br />. de, and the Cptionee shall purchase and accept the real and
<br />personal property fro, the Optionor, on and subject to the
<br />terms and conditions contained in this agreement.
<br />5. Purchase Price. The total purchase price shall be
<br />Three Ilendr�-hinety Five Thousand and 00/100 ($395,000.00)
<br />DOLLARS to be paid by the Optionee, allocated betweec the
<br />real .property and the personal property as follows:
<br />A. Real_Prorerty: Three Hundred Fifty One
<br />• Thousand and bli%r00 ($311,000.00) DOLLARS;
<br />B. Personal Property: Forty Four Thousand and
<br />., 00.1100 (511, OJ0.00j IiJLLAIts.
<br />upr(wn 1503 fA464
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