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85-- 002917 <br />and a copy to: <br />Burch Fitzpatrick, Esq. <br />Miller, Starr & Regalia <br />One Raiser Plaza, Suite 1650 <br />Oakland, California 94612 <br />4. PURCHASE PRICE: If optionee exercises its <br />option as contained herein, it shall purchase the subject <br />property for the total purchase price of $1,675,000. Said <br />purchase price shall be paid by optionee taking title to <br />the subject property subject to promissory notes in favor <br />of North Hills Estate, and Oral and Joyce Tague. Optionee <br />shall pay the balance of the purchase price in an amount <br />equal to the difference between $1,675,000 and the unpaid <br />principal balance and accrued interest on the North Hills <br />and Tague notes, to optionors, in cash at the close of escrow. <br />S. ESCROW: Concurrently with the exercise of <br />its option, optionee shall open an escrow with a responsible <br />escrow agent, which escrow shall close within thirty days <br />after exercise of the option. Optionors shall deposit into <br />escrow a good and sufficient deed to the subject real <br />property <br />and a bill of sale to the personal property and such other <br />document or documents that may reasonably be required to <br />convey all its right, title and interest in the subject <br />property to optionee, and optionee shall deposit into <br />escrow <br />before closing the balance of the purchase price. Both <br />parties shall deposit into escrow such documents <br />as are <br />necessary to evidence termination of the lease. Taxes and <br />3. <br />U <br />L � <br />