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diligence on their part, eaid title ahall not be made good and -
marketable of record ae aforesaid, within the time limited, the
Optiaaee shall have the right to notify the Optiaaor~ that he
refuaes to close the transactian, and thereupoa, both Optiaaee
~ and Optionors sha~l be released from-all obligatlons hereunder,
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, one to the other, or, upon reqwest of the Optionee, the Optionors :
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shall deliver the title in its existing conditian. In the event ;
k , the option to purchase is exercised, and the Abatract of Title
shaws the title to the above described~real estate to be good .
and marketable of record, as provided in this agreement, or ;
in the event the Optivaors shall make the title good and market-
able of record, after Optionee has made objectian to the title, ~
, the transactiaa shall be closed and the Optioaee shall pay the ,
purchase price in cash and execute all papera necessary to be
executed by him for the completion of the purchase pursuant to
hia exercise of the optian to purchase, within 15 days from the
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time fixed for the delivery of the a~rementioned Abstract, and '
~ upan failure of the Optionee to close the transactian as afore- ~
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. said, the Optianors and the Optionee shall thereupon be relieved ~
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f=om all c,bligatioas accruing by virtue of this'instrument and
the exerciae by the Optiaaee of the op.tion to purchase hereunder.
~ IN WITNESS WtIEREOF, this Instrument has been duly execu-
ted by the Optionors and the Optianee, the daq and ye ar firat
abave written.
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Witness: -
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• t anor
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s to t anee . ~
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