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An easement Twenty (20) feet in width North and South, <br />in, upon, over and across the South Twenty (20) feet <br />of the first hereinabove described parcel of land, <br />subject to the following terms and conditions: <br />' <br />f <br />"L. unm� therefor shall be NINE <br />TWENTY-FIVE and 00/100 ($923.00) DOLLARS. <br />2. This option shall be in full force and effect for a <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 <br />executed Warranty Deed covering the above described property and <br />Optionee shall pay to Optionor the full purchase price therefor; <br />Optionor shall not be required to either deliver an abstract of <br />title continued to date, or to furnish title insurance. <br />4. Such foregoing Warranty Deed shall contain a provision <br />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 />