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f <br />OPTION <br />In consideration of $10.00, the receipt whereof is hereby <br />acknowledged, we hereby give to the CITY OF SAN LEANDRO, a <br />Municipal Corporation, hereinafter referred to asfJptionee, the <br />option of buying, for the full price of $57,385.00 the following <br />described real property situated in the City of San Leandro, <br />County of Alameda, State of California, and more particularly <br />described as follows, to wit: <br />Lots 37, 38, 39 and 40, Map of the Smith Subdivision, <br />San Leandro, filed July 31, 1889, Map Book 9, page 28, <br />Alameda County Records. <br />Optionee shall have the right to close this application at <br />any time within 30 days from date hereof, and we agree to <br />execute and deliver to optionee, or to any one named by optionee, <br />a good and sufficient grant deed. On execution of said deed, we <br />are to be paid the further sum of $57,375.00, in full payment of <br />the purchase price of said real property; but if said option is <br />not closed within 30 days from date hereof, we are to retain the <br />said sum of $10.00, so paid as aforesaid, as liquidated damages. <br />If said option is closed within the said 30 days, the amount paid <br />as aforesaid is to be applied towards the purchase price. Time <br />is of the essence of this contract. <br />Optionors shall prior to close of escrow demolish ZL11 the <br />buildings located on the property and clear the lots of all <br />debris at optionors' cost. Escrow shall close immediately upon <br />completion of such demolition. <br />Dated this 17th day of May, <br />S,EPHEN M. CHANDLER <br />J NET CHANDLER <br />STATE OF CALIFORNIA <br />ss. <br />COUNTY OF ALAMEDA <br />1971. <br />LELAND- W. BRUNER <br />BARBARA BRUNER <br />On this 17th day of May, 1971, before me, the undersigned <br />Notary Public, personally appeared STEPHEN M. CHANDLER, LELA14D <br />W. BRUNER, JANET CHANDLER, and BARBARA BRUNER, known to me to <br />be the persons described in and whose names are subscribed to <br />and who executed the within instrument and acknowledged to me <br />that they executed the same. <br />��xm�uunuunnnaaeeAaeaanaeiesasonaaaooan�ua <br />= <br />OFFICIAL SEAL' _ <br />BEATRTE G. <br />., <br />S%',!T11 <br />NOTaRy Pul; I - <br />0 <br />ALAI! ECA C;; L. t iY <br />e <br />�uuuona�anaew�eaca;ass:��.eeacei:c�sataWloHlNh1 <br />Vy Ca o-;2s-,:. Expires Clay 0,1814 <br />Notary Public <br />AAA1 74-- /1S G <br />IT, ns-8 <br />