Two distinct options for the purchase of the property: 1. The Buyer may purchase 13.25 acres, including the Homestead, while simultaneously granting a life estate to the current resident. This life estate shall remain in effect for the duration of the resident's life and will be determined by a newly surveyed portion of the land. Upon the termination of the life estate, the Trust shall be given 90 days to vacate the property in full, following which the Buyer shall assume total control of all assets. 2. Alternatively, the Buyer may purchase a defined portion of the existing acreage, excluding the Homestead, for their intended use. This portion of land shall include appropriate ingress and egress, and its boundaries must be determined by a new survey for clarity. The sale will be for a pro-rated and mutually agreed-upon amount. Additionally, the Buyer shall obtain an option from the Seller for a non-refundable sum mutually agreed upon by both parties. Upon the death of the current resident, the Trust shall deliver the opportunity for the Buyer to exercise this option. The Buyer shall have seven business days to declare their intent to exercise the option. If no response is provided within this period, the Buyer’s interest shall be deemed abandoned, releasing the Trustee and all designated parties from any further commitment or obligation to the option. As a result, the Trustee shall be free to list the Homestead and associated ingress/egress for sale. The listing price shall be established based on the total acreage and Homestead. A life estate must be granted to the current resident until their death.
| Rooms | Dimension | Description |
|---|---|---|
| Living Room | 14x14 | First |
| Primary Bedroom | 11x12 | First |
| Kitchen | First | |
| Dining Room | 11x12 | First |