World of Shareware - Software Farm 2/wosw_2.zip/wosw_2/GENERAL/GD756_1.ZIP/LHARC1.EXE/2600.BLD

Text File | 1992-08-31 | 5KB | 191 lines

#2600
@001 Please enter the name of the seller:(optionor)
@002 Please enter the name of the buyer:(optionee)
@180 Name the county where the real estate is located:
@181 Name the state where the real estate is located:
@182 Enter the legal description:
@183 Enter the expiration date of the option:
#2601 Will an extension be granted?
#if#2601
@184/@184/@184/@184 Enter the number of days for the extension:
30 days
60 days
90 days
KEY IN VALUE
!185 Enter the sum paid for the extension:
#endif
#2602
!187 Enter the total sales price in digits:
#2603/#2604/#2605 The sum paid for the option will be:
Credited to the purchase price in full
Credited in part
Not credited at all
#if#2604
@188/@188/@188/@188 Enter the percentage of credit in digits:
25
50
75
KEY IN VALUE
#endif
#2606
@190 Enter the number of days between exercise and closing:
#2607/#2608 The risk of loss will fall on:
The seller (optionor)
The buyer (optionee)
#2609 Was a broker used?
#if#2609
@888 Name the broker:
@889 Enter the commission rate as a digit:
#endif
#2610/#2611/#2612 The closing costs will be borne by:
Seller
Buyer
Part by each
#if#2612
@999 Enter the costs to be paid by the SELLER:
@555 Enter the costs to be paid by the BUYER:
#endif
#2613                                                                            #end control section
#2600
/* Para. 2600: Real Estate Option-- Straight */


                       REAL ESTATE OPTION


@001, referred to as SELLER, grants to BUYER the
exclusive right to purchase the following parcel of real estate
situated in @180 County, State of @181:


@182


until @183, upon the terms and conditions stated herein.

#2601
/* Para. 2601: Extension */


The Buyer may obtain a single extension of this exclusive
option for a period of @184 days by the payment of a sum of $
@185 (!185 Dollars) before the expiration of the original term
of the option herein.
#2602
/* Para. 2602: Purchase price header */



The Buyer may exercise this option by notice to the
owner. The sales price shall be a total of $ @187 (!187 Dollars).
#2603
/* Para. 2603: Amount credited */


The amounts paid herein for the option shall be credited to
the purchase price.
#2604
/* Para. 2604: % Credited */


The buyer shall receive @188 per cent of the sums paid for the
option as a credit towards the purchase price.
#2605
/* Para. 2605: No credit */


Any and all sums paid for obtaining this option shall
be considered as earned fully by the owner when paid and the
Buyer, @002, shall not receive credit therefor towards the
purchase price.
#2606
/* Para. 2606: Closing */


Upon  exercise of this option by Buyer, a closing shall
take place within @190 days. The seller shall convey to the
owner by warranty deed the property herein, and the title thereto
shall be merchantable.
#2607
/* Para. 2607: Risk of loss- Owner */


During the period between exercise of the option by the
buyer and the closing the premises shall be adequately insured
for fire and other perils by the owner.
#2608
/* Para. 2608: Optionee */


During the period of the pendency of this option the BUYER
(Optionee) shall keep the premises adequately insured for
fire and other extended perils. The SELLER (Optionor) shall
be named as a loss payee. Upon the failure of the BUYER
to maintain adequate coverage, the option shall cease as of
the time of cancellation.
#2609
/* Broker: Para. 2609 */


The parties acknowledge that @888 acted as the procuring
broker the obtaining of this option and that a commission
of @889 per cent of the sales price shall be paid to BROKER
if the option is exercised, or if the parcel is purchased
by BUYER within one year of the expiration of the option
and any renewals thereof.
#2610
/* Para. 2610 */


The reasonable and customary closing costs for transactions
in @180 County, @181, shall be borne by OWNER.
#2611
/* Para. 2611 */


The reasonable and customary closing costs for transactions
in @180 County, @181, shall be borne by BUYER.
#2612
/* Para. 2612: Buyer/ Seller */

The following closing costs shall be borne by the BUYER:

@999


The following closing costs shall be borne by the BUYER:

@555
#2613
Dated: _____________________



SELLER, Optionee                         Witnesses as to SELLER



_____________________________          _________________________




_____________________________          _________________________



Dated: ______________________



BUYER, Optionor                        Witnesses as to BUYER



_____________________________          _________________________




_____________________________          _________________________