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OPTION TO PURCHASE REAL PROPERTY <br />IN CONSIDERATION OF THE PAYMENT TO ':HEM OF five hundred and no/100 _ <br />DOLLARS ($ 500.00 ),THE RECEIPT OF Wi-!ICH IS HEREBY ACKNOWLEDGED, <br />LAWRENCE F. GOUVEIA and JULIA GOUVEIA, his wife <br />OPTIONOR(S) HEREBY GRANT(S) TO FORWARD SAN LEANDRO, INC. <br />OPTIONEE, HIS SUCCESSORS AND ASSIGNS, THE OPTION TO PURCHASE THE FOLLOWING DESCRIBED <br />REAL PROPERTY SITUATE IN THE COUNTY OF ALAMEDA, STATE OF CALIFORNIA-. <br />Real property and all improvements 'thereon commonly known and <br />designated as 1478 Hays Street, San Leandro, California <br />EXERCISE OF THIS 01616N SHALL BE BY WRITTEN NOTICE FROM OPTIONEE TO OPTIONOR(S) <br />GIVEN NOT LATER THAN A 3g9[T (j=$pAYS FROM 'SHE DATE ➢-eEREOFy PROVIDED THAT BY PAYING <br />�' <br />OPTIONOR(S) AN ADDITIONAL SUM _f1ye hundred and no/100 DOLLARS <br />($ 500.00 ) WITHIN SAID t 3�iX3= DAYS OPTIONEE MAY EXTEND THE PERIOD FOR EXERCISE <br />OF THIS OPTION AN ADDITIONAL XIflPASOLK DAYS: <br />THE PURCHASE PRICE FOR SAID FROPER-Y SHALL BE Forty Thousand and no/100 <br />y .. .. DOLLARS ( 400 �oo• Op LESS THE SUM PAID 'dN CONSIDERATION OF THIS <br />OPTION AND ANY SUM PAID TO EXTEND TPE. OFTICN P=.RIOD. <br />IF AT THE TIME OF EXERCISING THE OPTION OPTIONEE REPORTS TO OPTIONOR(S) 1N WRITING <br />ANY OBJECTION TO TITLE, OPTIONOR(S) SHALL USE ALL DUE DILIGENCE TO REMOVE THE SAME WITHIN <br />NINETY (90) DAYS THEREAFTER, AND IF O REMOVED, THE BALANCE OF THE PURCHASE PRICE SHALL <br />BE PAID WITHIN FIVE (5) DAYS AFTER THE OBJECTION HAS BEEN REMOVED; BUT IF SUCH OBJECTION <br />CANNOT BE REMOVED WITHIN THE TIME ALLOWED, ALL-AYMENTS THERETOFORE MADE BY OPTIONEE <br />TO OPTIONOR(S) SHALL BE RETURNED TO OPTIONEE, UNLESS OPTIONEE ELECTS TO BUY THE PROPERTY <br />SUBJECT TO SUCH OBJECTION. IF OPTIONEE DOES NOT SO REPORT ANY OBJECTION TO TITLE, THE <br />BALANCE OF THE PURCHASE PRICE SHALL BE PAID CONTEMPORANEOUSLY WITH THE EXERCISE OF THE <br />OPTION. <br />OPTIONOR(S) HEREBY AGREE(S) THAT WITHIN FIVE (5) DAYS AFTER RECEIPT OF WRITTEN <br />NOTICE FROM OPTIONEE TO DO SO, HE (THEY) WI'_L EXECUTE A111 DEPOSIT 1N ESCROW WITH THE <br />ALAMEDA COUNTY -EAST BAY TITLE INSURANCE COMPANY, A DULY EXECUTED AND ACKNOWLEDGED <br />GRANT DEED OF SAID PROPERTY, AND HEREBY AUTHORIZE(S) 3AID TITLE COMPANY TO DELIVER SAID <br />DEED TO SAID OPTIONEE UPON PAYMENT INTO SAID ESCROW OF THE BALANCE OF THE PURCHASE PRICE_ <br />IN ACCORDANCE N11TH THE TERMS HEREOF, BUT IF THIS OPTION IS NOT EXZRCISED WITHIN THE TIME <br />HEREIN PROVIDED, INCLUDING ANY EXTENSION HEREOF, SAID DEED SHALL BE RETURNED TO OPTIONOR(S). <br />