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OPT IC•'N <br />In consideration of TEN AND N0/100 ($10.00) DOLLARS, the <br />receipt whereof is hereby acknowledged, I hereby give to the <br />CITY OF SAN LEANDRO, a Municipal Corporation, hereinafter rei <br />to as Optionee, the option of buying, for the full price of <br />SEVENTEEN THOUSAND AND N0/100 ($17,000.00) DOLLARS, the following <br />described real property situated in the City of San Leandro, County <br />of Alameda, State of California, and more particularly described as <br />follows, to wit: <br />Lot 16 in Block 2, as said lot and block are shown on that certain <br />map entitled, "Map of Huff Tract, San Leandro, Alameda County", <br />filed July 9, 1912, in Book 27 of Maps, at page 4, in the office <br />of the County Recorder of Alameda County. <br />Optionee shall have the right to close this application at any <br />time on or before December 31, 1962, and I agree to execute and <br />deliver to Optionee, or to any one named by Optionee, a good and <br />sufficient Grand Deed. On the execution of said deed I am to be <br />paid the further sum of SIXTEEN THOUSAND NINE HUNDRED NINETY <br />AND N0/100 ($16,990.00) DOLLARS, in full payment of the purchase <br />price of said real property; but if said. option is not closed <br />by said date of December 31, 1962, I am to retain the said. sum <br />of TEN AND N0/100 ($10.00) DOLLARS, so paid as aforesaid, as <br />liquidated. damages. If said Option is closed by said date of <br />December 31, 1962, the amount paid as aforesaid is to be applied <br />towards the purchase price. Time is of the essence of this <br />contract. <br />It is further understood that I shall surrender possession of the <br />property to Optionee upon closing of this transaction. It is <br />further understood that Should I wish to have the transaction <br />closed prior to the said date of December 31, 1962, I shall give <br />a sixty day notice to Optionee of my election and Optionee shall <br />exercise this option and upon closing I shall surrender possession <br />of the property. j14,, <br />State of California) <br />ss <br />County of Alameda ) <br />On this 'day of 1962, before me, the undersigned <br />Notary Public, personally appear ANNA VINCENT, known to me to be <br />the person described i d whose name is bscribed to and who <br />executed the within trumen d ack a that the <br />executed the same. <br />A . Dea ich III' <br />Notary Public in and fo said County and State <br />4 <br />