This document is an earnest money receipt agreement for the purchase of a two-story house and lot. It details that the buyer has provided earnest money in the amount of [Amount] to the seller as a down payment. The balance is to be paid in full by [Date]. The agreement gives the buyer exclusive rights to purchase the property and prevents the seller from offering it to others until [Date]. Upon full payment, the seller will transfer title to the property to the buyer through a deed of absolute sale.