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<br />1 6. Condit loon Of Sale. The II h lZa nconveyance Of [te
<br />1 ' -- -------- - .n.n e .:.nice[ to the
<br />real property under this opu
<br />following%
<br />A, prom receipt of notice of exercise of thin
<br />option, Cpttonor shall apply for a preliminary
<br />1. eo-itrent to purchase a FI.TA Standard Farm Polley of
<br />Title insurance Issued h' Transamerica Title Insurance
<br />Ce^pany, anreeinq to issue to the optionce, upon the
<br />recording of the deed hereafter mentioned, a standard
<br />title in —trance rol ley in lhthaaupttanee the
<br />Uwpurchase
<br />It],,price in .ring the Ito
<br />' real
<br />property, free and clear of all liens and encumbrances,
<br />,,�,t taxes: and assessrents for the current year, and
<br />fOl•.'n]n[5 all,l i',,trictions Ol rec01'd• Ri,lllti reserved
<br />in fe'eral Patents or star' d eds, building or use
<br />restrictions qeneral to the district, existing ea^•eaents
<br />not ineensy,tent vIth the Optionce's intended use and
<br />bulldino ok xonlnt r•oulattonn or ptoelniunn r•hall not
<br />be \'erred gncureranccs or def••cts. Encumbrances to be
<br />disct'arocd by Cptionor nay he paid out of the purchase
<br />rrc,y at Closing Oat,. TM• pptiom•c .lull assure any
<br />c... ellation fee for the title- insurance preliminary
<br />commitment or policy.
<br />a. The obligation on the part of the optionor,
<br />before the Date of Closing of this transaction, to cut
<br />and remove all tirber and stumps on any of the real
<br />property. Ortioncr shall be entitled to retain the
<br />proceeds of the sale of said timber and stumps.
<br />C. The obligation on the part of the optionor,
<br />before the Date of Closing of this transaction, to
<br />remove all buildings, excluding the foundationn of
<br />t1wbuilding5 and the svir,minq pool, on any of the
<br />real property- optionor shall 1•e entitled to retain
<br />the proceeds of the sale of said tuildings.
<br />7. rdlront of Putchns, Price. In, purchase price
<br />shall be payab Le oY ilic oj�F icrcc on the Closinq Date, as
<br />follcvs:
<br />A. Ten Thousand and 00/I00 ($10,000.00) DOLLARS
<br />paid by the Optlgncu upon the exercise of the option
<br />shall be deemed credited to the optionee as part payment
<br />on acco-int of the purchase price.
<br />, P. Three Numbed Eighty rive Thousand and 00/100
<br />(53CS,C00.00) COt.LARS by noud bank CO.H er's or
<br />certified check (drawn on a reconn Tied bank in the State
<br />of Washington) to the order of the Optionor.
<br />8. Lhed and OtherDoenrents. The deed shall be
<br />delivered 6y eTiu 'pit nor to tAe optionee on the ClOsinq
<br />Date, and the optionor shall pay the cost of the requisite
<br />documentary stamps and state a " ' tax for the deed. Thc
<br />Op bone. shall cay the cost of recording the deed. Real
<br />estate taxes end special assessments, if any, shall be
<br />prorated as of the Closing Date. The deed shall be a
<br />statutory varranty deed executed and acknowledged by the
<br />optionor in a manner proper for recordation.
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