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appraisal setting forth the acceptable Purchase Price, and heretofore signed by <br />Optionee before the time set for expiralion. Within thirty (30) days after receipt of <br />notice; and in accordance with the terrr s of Exhibit "A", Optionor shall deliver to <br />Optionee, against payment of the Purcliase Price, a General Warranty Deed to the <br />property. The tender of Optionee's valid check for the Purchase Price as set forth in <br />Section 3, less any amount already pai J by Optionee and to be credited to Optionee, <br />excluding sums paid as consideration Linder this Agreement shall constitute a sufficient <br />tender. <br />Section 6. Exercise of OptionIf Optionee or Optionor does not exercise its Option before expiration, this Option <br /> <br />and the rights of Optionee and Optionor shall automatically and immediately terminate <br />without notice. In the event either partl, fails to exercise this Option, Optionor shall <br />retain the sums paid as consideration for this Option. <br />Section 7. Riqht of First Refu:ial. <br />For and in consideration of the sums set forth in Section 1, paid by Optionee to <br />Optionor, the Optionor grants unto Optipnee the right of first refusal to purchase the <br />property in which Optionor holds title a;i an estate in fee simple. <br />Section 8. Notice of Proposed Sale. <br />Optionor shall first give notice to Optionee, in writing, of such desire to sell, <br />together with a summary of the terms of the proposed sale. Within thirty (30) days after <br />receipt of such notice, Optionee shall have the right to purchase the property proposed <br />to be sold, upon the exact terms, provided that a written notice of the exercise of such <br />option is received personally by either Optionor. <br />-3-