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Option Contract - Signed

Options Contract

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myfaithwalk1343
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129 views

Option Contract - Signed

Options Contract

Uploaded by

myfaithwalk1343
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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OPTION TO PURCHASE

Name

Michael Senoff

Address

4809 Clairemont Drive

City

San Diego

State

CA

Zip

92117

Phone

858-274-7851

Email Address [email protected]


(hereinafter referred to as Seller) Hereby agrees for and in consideration of
Ten Dollars and zero cents US

Name

Joe Swiggles

Address

220 Car Lot Lane

City

San Diego

State

California

Zip

92117

Joe Sweggles

Document Integrity Verified

Dollars ($ 10.00

), paid by

(hereinafter referred to as Buyer)

EchoSign Transaction Number: RF88PU3M4G7H3H

AS FOLLOWS:
1. PROPERTY: Seller hereby gives and grants to Buyer and to his heirs and assigns for
a period of: 45
days from the date hereon (hereinafter referred to as First
Option Period) the exclusive right and privilege of purchasing the following
described real property located at:
Address

220 Car Lot Lane

City

San Diego

State

Ca

Zip

92117

County of San Diego


, State of California
particularly described as follows:

Document Integrity Verified

, and real property more

EchoSign Transaction Number: RF88PU3M4G7H3H

Property Descriptions
1965 corvette stingray

Together with all rights appurtenant thereto or used in connection therewith. (Said real
property and improvements, if any, shall hereinafter be referred to as The Property).

Document Integrity Verified

EchoSign Transaction Number: RF88PU3M4G7H3H

2. PRICE. The total purchase price for said property is:


Ten Thousand Dollars and O/100 Cents US

Dollars ($ 10,000

), payable in lawful money of the United States, strictly within

the following times, to-wit. All sums paid of this option and any extension thereof as herein
provided, shall be first applied on the purchase price, and the balance shall be paid as
follows:

3. EXTENSION OF OPTION. Upon payment by Buyer to Seller of an


additional sum of:
Ten Dollars and 0/100 Cents US

Dollars ($ 10.00

), cash or by cashiers check, prior to the expiration of the

first option period, this option shall be extended for:


days (hereinafter

Thirty Days

referred to as Second Option Period) Upon Buyers payment to Seller of a further


sum of:
Ten Dollars and 0/100 Cents

Dollars ($ 10.00

), prior to the expiration of the second option period, this

option shall be extended for a third period of:


Thirty

days (hereinafter

referred to as Third Option Period).

Document Integrity Verified

EchoSign Transaction Number: RF88PU3M4G7H3H

4. EXERCISE OF OPTION.
This option shall be exercised by written notice to Seller on or before the expiration of
the first option period, or if extended, the expiration of the second or third option
periods as the case may be. Notice to exercise this option or to extend the option for a
second or third option period, whether personally delivered or mailed to Seller at his
address as indicated after Sellers signature hereto, by registered or certified mail,
postage prepaid, and postmarked on or before such date of expiration, shall be timely
and shall be deemed actual notice to seller.

5. EVIDENCE OF TITLE.
(a) Promptly after the execution of this option, Seller shall deliver to
Buyer for examination such abstracts of title, title policies, and other evidences of
title as the Seller may have. In the event this option is not exercised by Buyer, all
such evidences of title shall be immediately returned without expense to Seller.
(b) In the event this option is exercised as herein provided, Seller agrees
to pay all abstracting expense or at Sellers option to furnish a policy of title
insurance in the name of the Buyer.
(c) If an examination of the title should reveal defects in the title, Buyer
shall notify Seller in writing thereof, and Seller agrees to forthwith take all
reasonable action to clear the title. If the Seller does not clear title within a
reasonable time, Buyer may do so at Sellers expense. Seller agrees to make final
conveyance by Warranty Deed or in the event of sale of other than real property. If
either party fails to perform the provisions of this agreement, the party at fault agrees
to pay all costs of enforcing this agreement, or any right arising out of the breach
thereof, including a reasonable Attorneys fee.

6. CLOSING ADJUSTMENTS. All risk of loss and destruction of property


and expenses of insurance shall be borne by Seller until date of possession. At time
of closing of sale, property taxes, rent, insurance, interest and other expenses of
property shall be prorated as of date of possession. All other taxes, including
documentary taxes, and all assessments, mortgage liens and other liens,
encumbrances or charges against the property of any nature shall be paid by Seller
except:

Document Integrity Verified

EchoSign Transaction Number: RF88PU3M4G7H3H

7. POSSESSION. Seller agrees to surrender possession of property on or


before 3

days following written notice of the exercising of this option by Buyer.

8. If this option be not exercised on or before the dates specified herein for
exercise of same, the option shall expire of its own force and effect and the Seller
may retain such option monies as have been paid to the Seller as full consideration
for the granting of this option.

The Seller agrees to the terms of this Option to Purchase Agreement on


this 31 day of January

Signature:

,20 13.

Michael Senoff
Michael Senoff (Jan 31, 2013)

Email: [email protected]

Document Integrity Verified

EchoSign Transaction Number: RF88PU3M4G7H3H

Option Contract
EchoSign Document History

January 31, 2013

Created:

January 31, 2013

By:

MICHAEL SENOFF ([email protected])

Status:

SIGNED

Transaction ID:

RF88PU3M4G7H3H

Option Contract History


Document created by MICHAEL SENOFF ([email protected])
January 31, 2013 - 9:21 AM PST - 184.177.171.243

Document emailed to Michael Senoff ([email protected]) for signature


January 31, 2013 - 9:21 AM PST

Document viewed by Michael Senoff ([email protected])


January 31, 2013 - 9:21 AM PST - 184.177.171.243

Document esigned by Michael Senoff ([email protected])


January 31, 2013 - 9:41 AM PST - 184.177.171.243

Signed document emailed to MICHAEL SENOFF ([email protected]) and Michael Senoff


([email protected])
January 31, 2013 - 9:41 AM PST

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