HomeMy WebLinkAboutSale Option Agreement
Augusta Richmond GA
DOCUMENT NAME: ~\e... a yT1 On A:~ree ry-.,-eY\'"t-
DOCUMENT TYPE: .A-svee.Y"r)e..Ylt-
YEAR:
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BOX NUMBER:
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FILE NUMBER:
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NUMBER OF PAGES:
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ARMSTRONG GALLERIA PHASE II
SALES OPTION AGREEMENT
PROPERTY OWNER(S): Leon Ghitter Real Estate
C/o Herb Zarge, 8 Isaac Lane
Cherry-Hill, NJ 08002
FOR AND IN CONSIDERATION ofthesum of Ten Dollars (10.00), the
receipt of which is hereby acknowledged, the undersigned hereby gives, grants,
and conveys unto August, Georgia the sole and exclusive right, privilege and
option to purchase on the terms and conditions hereinafter set forth, the property
described as follows: -
All that parcel of land cOntaining 910 sq. fllocated at 1124- Summer
Street, Augusta, Georgia (Map 059-2, Parcel 113) as shown on drawing
attached hereto.
This option may be exercised by Augusta, Georgia, Within 90 days after
the State Environmental clearance has been approved.
(1) If Augusta, Georgia shall exercise its option, the purchaSe price shall
be $17,000, payable at closing, less the consideration paid for the
option. If the option to purchase is exercised, the undersigned agrees
to execute and deliver to Augusta, Georgia the fee simple title to the
real property and all improvements thereon owned by the
undersigned. - -
(2) The u_ndersigned hereby covenants and represents that the title to
said described property will remain unchanged during the period
covered by this option and that the undersigned owns the fee simple
unencumbered title to said property, subject to title exceptions of
record.
(3) The undersigned ag-rees to furnish a marketable title to said property
and agrees to convey said property by general warranty deed at the
time the sale is consummat~, subject only to:
-The covenants, restrictions and zoning ordinances not violated by
the existing improvements or use of the property specified in this
contract.
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(4) Throughout the period of this Sales Option Agreement, Augusta,
Georgia shall have the right and privilege to enter upon the subject
. property for the purpose of inspection and conducting necessary
surveys, engineering tests, environmental studies or appraisal reports.
WITNESS, my hand and seal this / i ~2Y of ' JU t1./ E- 2001.
/rA~
, or ARY PUBLIC .
By: -~-3 ~ ~
Ct;{([>, >6C~i==dc- ,:PJoA/C tflT7'G~
<<- GI!- L t;f -r ;fTE fl'tl< IAI GIl.s' .
ACCEP BY:
AUG T GE
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My commission expires L
RAZIA AHMED
NOTARY PUBLIC,
MY COMMISSION
EXPIRES 2005
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