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PAYMENT DUE-------—--------------------------------------------------------------------$14875.00 <br /> (Appraised value offered by the Commission for real estate, including damages, if any, to the remainder; to be <br /> paid after approval of title and execution of a deed as hereinafter provided). <br /> The Commission shall have the irrevocable right to exercise the "Contract to Sell" at any time within <br /> ninety (90) days from date; and it is agreed that if within the time above specified, the said Commission shall <br /> declare its intention to exercise this "Contract to Sell" including the right to purchase said land, the Grantor(s) <br /> will execute and sign a General Warranty Deed when presented by the Commission and receive payment of the <br /> stated "Payment Due" from the said Commission, less any amount that may be found due and payable to any <br /> mortgagee. It is expressly understood that the said Commission shall not be obligated further unless stated <br /> herein to wit: <br /> It is understood and agreed that closing costs will not accrue to the Grantor(s) as the Grantee's Attorney <br /> will prepare the necessary documents for closing and the Grantee will pay the cost of recording all instruments <br /> conveying title to the Arkansas State Highway Commission. <br /> Grantor(s) further agrees neither to sell nor encumber the said real estate during the term of the <br /> "Contract to Sell". <br /> The Arkansas State Highway Commission is hereby authorized and directed to make payment of <br /> the purchase funds for the conveyance to <br /> Dated this day of , 20 <br /> Signature Signature <br /> Signature Signature <br /> ACKNOWLEDGMENT <br /> STATE OF ) <br /> SS <br /> COUNTY ) <br /> BE IT REMEMBERED, that on this day came before the undersigned, a Notary Public, acting within <br /> and for the aforesaid County, on this day personally appeared <br /> well known to me to be the person(s)whose name(s) is subscribed to the foregoing instrument and stated to me <br /> that executed the same for consideration and purposes therein mentioned and set forth. <br /> WITNESS my hand and seal as such Notary Public this day of , 20 <br /> MY COMMISSION EXPIRES: NOTARY PUBLIC <br />