THIS OPTION, given this day of , 20 , by [Name of Owner/Optionor], hereinafter referred to as Optionor, whose post office address is to [Buyer/Optionee],

hereinafter referred to as Optionee, whose post office address is . 1. Definitions: "Optionor" and "Optionee" as used herein may be singular or plural, masculine or feminine, as the context requires. 2. Grant of Option: Optionor, in consideration of the sum of Dollars ($ ) paid by Optionee to Optionor, the receipt and sufficiency of which is acknowledged, grants to Optionee the exclusive right to purchase, on the following conditions, the real property in County, Florida, more fully described as: [insert exact legal description] together with all buildings and improvements on said real property. 3. Purchase Price: The purchase price of the property is Dollars ($ ). 4. Option Period: The term of this option shall be [years/months/days] beginning this date ( , 19 ) and continuing until 12:00 midnight on , l9 . Optionee may elect to purchase the property at any time prior to the expiration of this option. 5. Application of Consideration to Purchase Price: If Optionee purchases the property, under the terms of this option, the consideration paid for this option [shall/shall not] be applied to the purchase price. 6. Exercise of Option: Optionee shall exercise this option by giving Optionor signed written notice at least days before the exercise of this option or prior to the expiration of the option period set forth in Paragraph 4 above. Within days after receiving this notice, Optionor shall deliver to Optionee a [statutory warranty, special warranty, or quitclaim] deed to the property. Contemporaneously, Optionee shall deliver to Optionor a valid check [or other agreed upon method of payment] for the purchase price, less any amount already paid by Optionee to be credited to Optionee. 7. Proof of Title: Optionor shall, at its expense, furnish Optionee a title insurance policy written by an insurer acceptable to Optionee, insuring the title to the Property to be free and clear of all defects except those specifically set forth below:

[set forth any permitted exceptions, reservations, liens, etc., or exhibit containing this list] Within days after the date Optionee exercises this option, Optionor will pay for and deliver to Optionee (a) a commitment for title insurance agreeing to issue to Optionee, on the date the deed is recorded, a title insurance policy in the amount of the purchase price insuring Optionee's title to the property, excepting only the above-mentioned encumbrances, any facts an accurate survey would show, and the standard conditions and exceptions of that title insurer; and (b) a survey of the property made on or after the date of this option by a surveyor acceptable to Optionee showing no encroachments on the property. If the title does not meet the requirements specified above, and Optionee notifies Optionor in writing within days after delivery, specifying the defects, Optionor shall have days after receiving that notice to cure the defects, and will exercise its good faith diligence in doing so. If the defects are cured within that time, Optionee shall have days after receiving written notification of the cure from Optionor to purchase the property. If the defects are not cured within that time, Optionee shall have days after that to purchase the property, notwithstanding the defects, at its option. If Optionee then fails or refuses to purchase the property, Optionor will promptly refund the full amount of consideration paid for this option and any other money paid on account of the purchase price, and this option shall terminate. [Note: Some attorneys still use the Abstract of Title clauses instead of, or together with Title Insurance, with the Owner/Optionor having the option of using either.] 8. Proration of Taxes: The real property ad valorem taxes for the year in which this transaction is consummated shall be prorated between the parties to the date the deed is delivered. If the taxes are unknown at the time the deed is delivered, the amount of the prior year's taxes shall then be used as a basis of proration. 9. Special Assessments: Any special assessments shall be paid by Optionor, whether they are payable in a lump sum, in installments, or otherwise. 10. Documentary Stamps: Documentary stamps on the deed shall be paid by Optionor. 11. Failure to Exercise Option: If Optionee does not exercise this option in accordance with its terms and conditions and within

the option period, this option and the rights of Optionee shall immediately terminate without notice, and Optionor shall retain the consideration for this option along with any accrued interest. 12. Failure of Performance: If Optionee exercises this option according to its terms, but Optionor fails to perform its specified obligations, Optionee may seek specific performance or elect to receive the return of all monies paid under Paragraph 2. 13. Attorney's Fees/Prevailing Party: The prevailing party shall be entitled to recover reasonable attorney's fees and costs in connection with any litigation, including appellate proceedings, arising from this contract. 14. Notices: All notices pertaining to this option shall be in writing. Notice shall be considered given when mailed by certified or registered mail, return receipt requested, postage prepaid, at the addresses given above. 15. Entire Agreement: No prior or existing agreements or representations shall be binding on any of the parties unless incorporated in this option. No modification or change to this option shall be valid or binding on the parties unless in writing, executed by the parties to be bound. 16. Binding Agreement: This option shall be binding upon and shall inure to the benefit of the parties hereto and to their respective heirs, executors, administrators, successors, or assigns. 17. Recordation: This option or a memorandum regarding it may be recorded in the Public Records of County, Florida. [OR, Neither this option nor any notice or memorandum regarding it shall be recorded in any public records.] 18. Brokerage Fees: If this option is exercised, Optionor agrees to pay to [Name of Broker] the sum of ($ ). This option shall not limit Broker's rights provided for in any listing or other agreement that may be in effect between Optionor and Broker. 19. Time of Essence: Time is of the essence in this option. Executed on , 20 . Executed in the presence of: [Printed Name and Address of First Witness] [Printed Name and Address of Optionor] Optionor

[Printed Name and Address of Second Witness]

Sworn to and subscribed before me this 20 , by who is personally known to as identification.

me

day of , [Name of Optionor] or who produced

Notary Public, State of Florida Printed Name: Commission Expires: Commission #: