OPTION TO PURCHASE REAL ESTATE
THIS AGREEMENT is made and entered into this ____ day of ________________, 20___, by and between , (hereinafter referred to as "Seller"), and ______________________________________________, (hereinafter referred to as "Purchaser"). WITNESSETH, that for and in consideration of the payment of $____________________ to Seller by Purchaser and the mutual promises and covenants hereinafter set forth, the parties hereto agree as follows: 1. Form of Contract of Sale. Seller binds himself to enter into a contract with Purchaser, a copy of which is annexed hereto and made a part hereof as Exhibit "A", upon the exercise by Purchaser of this option. 2. Expiration of Option. This option shall expire on the ____ day of _______________________, 20 _____. 3. Extension of Option Period. Purchaser shall have the further option, on or before the ____ day of ________, 20 ___, to extend the option period for an additional period of _______ days, to the _______ day of ________________, 20 _____, upon giving notice of the extension of the option period to Seller prior to the ________ day of _________________,