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~~ <br />reference. The exact dimensions of the Option Property shall be determuaed by a survey <br />prior to the Closing: <br />The following terms, provisions, and conditions are further agreed to: <br />i . PURCHASE OF THE PROPERTY. Trinity will use all reasonable efforts to <br />acquire all rights and title in and to the Property from the Owner on or before <br />Expiration Date described in paragraph 3 below. <br />2. NOTICE OF PURCHASE. Trinity will notify Optionee in writing at the address <br />set forth in paragraph 19 below within three (3) business days of each of the <br />following events: <br />a. Trinity exercises its Option to Purch se the Property pursuant to that certain <br />Option Agreement dated _.~~~~q ~,~ ~~(o <br />b. Trinity decides not to exercise its Option to Purchase. Said notice shall <br />include the reasons for not exercising the Option to Purchase and shall be <br />provided to Optionee prior to Trinity notifying the Owner that it will not <br />exercise the Option. <br />c. The closing occurs whereby Trinity acquires title to the Property. Said notice <br />to include the book and page of the, recorded deed evidencing Trinity's <br />ownership of the Property. <br />3. EXPIRATION DATE AND METHOD OF EXERCISE. This Option shall remain <br />in effect for two (2) months from e ate that this Option has been fully executed and <br />shall expire at 5:00 p.m. on the ~~day of ~ , 20 0 (a This Option shall be <br />exercised upon posting, by certified mail, a written notice to Trinity at the notice <br />address set forth in paragraph 19 of this Option.. Exercise shall be deemed timely if <br />such written notice is mailed on or before the date first set forth in this paragraph. <br />4. OPTION PRICE. 'The price for this Option is five hundred and no/100 dollars <br />($500.00) ("Option Price"), to be paid by Optionee upon the signing by Optionee <br />this Option. If the Option is exercised, the entire Option Price will be applied to the <br />total Purchase Price for the Option Property. In the event the Optionee does not <br />exercise the Option or does not close on the purchase of the Option Property because <br />of a title defect or other reason allowed by the terms of this Option, or if Trinity does <br />not acquire the Property, then the Option Price will be returned to the Optionee in <br />full. <br />5. PURCHASE PRICE. The total Purchase Price 'for the .Option Property shall be the <br />sum of fifty-five thousand and no/100 dollars, ($55,000.00 ). <br />6. CLOSING. A Closing of the sale of this Option Property under this Option shall be <br />held within not less than five (5) nor more than sixty (60) days of the exercise of this <br />Option; provided, however, in the event of objections to title or condition of land at <br />