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records to the dr~te oP the first exercise o~ the 4ption as
hereinabove set forth. Said abstract shall show ALLEN's ~
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TIlLE to all of said property to be good aad marketable and to ~
be free and clear of all liens, encwnbrances, easements, ~
res~rictions and mineral, gas, petroleum and fj.ssionable material ~
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reservations except existing roads along the North, East and
tilest side of said property and excepting the existing drainage
ciitch across said pro~erty and excepting platted streets on
said property ~vhich streets have not been opened or used an3
have not~been dedicated to or accepted by the public or ar~y ~
goverrznental authority. TRUSTEE shall have 60 days within `
~ahich ~o examine said abstract aPter receipt thereoF and if, ~
upon examination, TRUSTEE finds that the title ~o said property
is unmarketable and ~ives to ALLEN a written statement of defects,
then ALLEN shall have a reasonable time (not to exceed 90 days)
to r~ake the title to sa#d property fully marketable and shall
use reasonable dl2igence so to do. The sale of said property
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on l~:ich the Option is exercised shall be closed within 60 days
after receipt of said abs~ract by TRUSTEE or its Attorney unless
ttie title shall be found unmarketable as hereinahove ~pecifi~3,
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and in such latter event, said sale shall be closed cvit~in 10 ~
day^ ~f delivery by ALLEN to TRUSTEE of notlce and adequate
proof tnat all ~iefectis in title speci~ieu by TRUSTEE or his
Attorney ~-~ave been removed. Upon receipt by ALLEN of each
~ub:,equent notice oF exercise of this OpLion as hereinabove
;;rovided, P~I..,LESv ~hall have the abstract continued to date on
~re .~:o~erty described in said notice ana shali deliver said k
cor.t;inuation to TRUST~ or his Attorney, 1~lILLIA+i H. BEf~RDALL, t!
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~;~tnin 1~ days aFter receipt of such notice. TRUSTEE shall
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;;::cn have days from ~he receipt o1' said continuation to '
e::u:~ine s~me and it, upon such examination, TRUSTEE or his
t~L::~~ ne;~ =:.r.ci~ tit~e to be urur,arke~ab2e on such parcel and 61ves
E:L:,~V :•lritten r.o~ice o£ ~he defects s,rh~ch render said titl.e
u:~::~rZce~abZe within ~aid 25 days from receipt of said con~inuation,
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~y = - ~K1~3 22p5 "