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NORTH CA ROLINA <br /> <br />CABARRUS COUNTY <br /> <br /> THIS AGBEEMENT, made s,~d entered into this 12th day of <br />February, 1979, by ~nd between LILLIAN M. YOUNGBLOOD0 <br />party of the first paxt. and CABARRUS COUNTY. party of the <br />second part~ <br /> <br /> WITNESSETH: - <br /> <br /> That in consideration of the agreements hereinafter made. <br /> <br />the party of the first part does hereby grant unto the party of the <br />second part the right and option to purchase from the party of the <br />first part a certain tract of real estate lo, sled in Cabarrus Cc~unty. <br />North Carolina. the same being the lot and building known as <br /> <br /> 142t Highway 29. North. Concord. North Carolina. and being all of <br /> <br /> the real property owned by the party of the first part at said address. <br /> The terms and conditions of this option are as follows: <br /> <br /> 1. Contemporaneously herewith the party of the second part <br /> has paid the sum of One Thousand Dollars ($10000.00) to Ward <br /> Realty Company, agent of the party of the first part, to be held in <br /> escrow. If said option le not e-ercised by the party of the second <br /> part the said sum will be retarued to the party of the second part, <br /> but if the option is exercised said sum 6hatl be credited on the <br /> purchase price. <br /> <br /> 2. If the party of the second paid elect-, to purchase said <br /> real property under this option, the purchase price therefor shall <br /> be One Hundred Eighteen Thousand Dollars ($118, 000.00)o payable <br /> <br /> <br />