Option to Purchase Real Property by pellcity27

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									                                Option to Purchase Real Property


       Agreement made on the (date), between (Name of Buyer) of (street address, city,
county, state, zip code), referred to herein as Buyer, and (Name of Seller), of (street address,
city,

        In consideration of $____________ paid to (name of Seller), of (street address, city,
county, state, zip code), receipt of which is acknowledged, Seller gives and grants to (name of
Buyer), of (street address, city, county, state, zip code), the exclusive option to purchase that
certain real property (the Property) described in Exhibit A attached hereto and made a part
hereof, together with the buildings and all other improvements on the Property, including all
easements, rights of way, and appurtenances, and all of Seller's right, title, and interest in all
public ways adjoining the Property.

1.     Price and Terms of Payment
       The purchase price for the Property shall be $________________, which shall be paid,
on exercise of this option by Buyer, as follows: (terms of payment).

2.      Period of Option and Extension
        This option may be exercised by giving notice of exercise to Seller at the above address
of Seller, at any time during the primary period from the date of this instrument until (time of
day), on (date of expiration); or during the extension period, if the option is extended as
provided below, until (time of day), on (date of end of extension period). The option may be so
extended by Buyer giving Seller written notice of extension prior to the termination of the
primary period, and paying to Seller at the time of
								
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