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r <br />r <br />f <br />subject to the following terms and conditions: <br />i <br />1. The total purchase price therefor shall be NINE <br />HUNDRED TWENTY-FIVE and 00/100 ($925.00) DOLLARS. <br />2. This option shall be :-n --- nor <br />period. of two years from date, exercisable within such period by <br />the giving of written notice of such exercise by the Optionee to <br />the Optionor; if such option is not exercised in writing within <br />such period, then, same shall be null, void, and of no force and <br />effect. <br />3. Within five (5) days, or as soon thereafter as is <br />possible after the receipt of the written notice of the exercise <br />of this option, the Optionor shall deliver to Optionee its execute <br />Warranty Deed covering the above described property and. Optionee <br />shall pay to Optionor the full purchase price therefor; Optionor <br />shall not be required either to deliver an abstract of title <br />continued to date or to furnish title insurance. <br />4. Such foregoing Warranty Deed. shall contain a pro- <br />vision that such property shall be used for Municipal fire station <br />purposes only, and in the event of a user for any other purpose, <br />title thereto shall revert to Place and Company, Inc. or its <br />successors and assigns. <br />5. Optionor shall not be bound to honor the exercise of <br />such option within such period unless Optionee represents and <br />warrants in writing at such time that such involved property is <br />to be used only for fire station purposes. <br />- 2 - <br />