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Y , <br />r ? <br />order that the presence or absence of liens and encumbrances <br />can be determined within said 60 day period. <br />y?. <br />Written notice shall be given by Optionee to <br />Optionor on or before sixty (60) days from the date hereof <br />as to the intent of Optionee to enter into the option phase <br />of this agreement, delivery of such notice to Optionor to be <br />conclusive admission of the suitability of the title and <br />that the site is acceptable to Optionee for its use as a <br />solid waste disposal site. Along with said notice, Optionee <br />shall deliver the additional sum of Seven T housand and <br />N01100 Dollars ($7,000.00) to Optionor, the Optionee, its <br />successors or assigns, thereby immediately being vested with <br />the exclusive right and option to purchase said 103. acre <br />tract for a period of one year from the date of such notice <br />(and additional $7,000.00 payment) for the sum of One Thousand <br />Four Hundred Fifty and NO/100 Dollars ($1,450.00) per acre, <br />the acreage of such tract to be determined from a current <br />survey provided at the sole cost of Optionee. Neither the <br />original $3,000.00 payment nor the $7,000.00 additional <br />payment, shall apply to the purchase price. Optionee shall <br />have the right to the possession and use of said 103 acre <br />tract immediately upon giving notice to Optionor in the <br />manner provided in this agreement of Optionee's entering <br />into the option phase of this agreement. <br />Written notice exercising said option shall be <br />a <br />c ?. <br />given by Optionee on or before three hundred sixty-five <br />(365) days from the date payment of said $7,000.00 is made <br />by its Optionor; and, wi thin fifteen (15) days after receipt <br />\ of such notice, Optionor shall deliver to Optionee, in <br />exchange for the payment of said purchase price in cash, a <br />general warranty deed to said real proper ty with the mineral <br />• reservation herein provi ded for. Tender of Optionee's valid <br />check shall constitute a sufficient tender of said purchase <br />price. If the Optionee exercises said option, neither the <br />original $3,000.00 payment nor the $7,000.00 additional <br />payment paid therefor shall be applied against the purchase <br />Page 2 <br />