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d. Eaistine Loan Review [Omitted - Nat Applicable]
<br />6• APPRAISAL PROVISIONS.
<br />a ApDraisal COndition Tlris subsection a❑ Shall � S6a11 Not aPP
<br />Buyer sball have the sole option and electian to tenoninate this contract if We p�rchase price e ti� p�m,,s valuation
<br />determined by an appraiser engaged by n/a . Tbe contract shall terminate by Buyer giving Seller
<br />written notice of ternunation and either a capy of such appraisa� or writtEn �u� �� lender which confirms t,he properh valuation is
<br />less than the Purchase Price, received on or before the Appraisa! Deadline (§ 2c). If Seller does not receive such written notice of
<br />ternunation on or before the Appraisal D�dline (§ 2c), Buyer waives any right to ternunate under this subsectioa
<br />b. Cost of Aupraiaal, Cost of any appraisal to be obtained after the date t�this cantract sha11 be hmely paid by � Buyer
<br />❑ Seller.
<br />7. EVIDENCE OF TITLE,
<br />s. Evidence of Title: Survev On a before Title Deadline (§ 2c), Seller shall cause to be fiunist�ed to Buyer, at Seller's
<br />expense, a current commitme� for awner's tide ir�sut�noe policy in an amou� eq�al to the Purchase Price or if this b�x is checked, ❑
<br />An Abstract of title certified to a curteYtt date. If a title insurance commitmeM is furnished, it ❑ Sha11 ❑ Shall Not commit to delete
<br />or insure wer the standard exceptio� which relate to:
<br />(1) parties in possessioq
<br />( ��ded easements,
<br />(3) survey matters,
<br />(4) any unrecorded mechanics' liens,
<br />(S) gaP Pen� (efleclive date af' commitmeM to date deed is recorded), and
<br />(� unpaid taxes, assessments and unredeemed tax sales pri� to the year of Closing.
<br />�Y ��uonal pt�emium expense to abtain this additional coverage sball be paid by ❑ Boyer ❑ Se1Ie� pn amount nat to
<br />exceed a n/a for the cost a�' any impro�„ement location certificate or s
<br />If the cost exceeds this amourit, n/a u�Y shatl be paid by ❑ Buyer ❑ Seller.
<br />shall be received by Buyer on or before Survey Deadline (§ c) S ller �shall tt�e t polnc� to�be del �r�ed to Buver as
<br />soon as practicable at a after Closing. .
<br />b• Couies of Eaceptions. On ar before 'I"'�t�e D����ne (§ 2c), Seller, at Seller's expense, shall furnish to Buyer, (1) a
<br />copy of airy plats, declarations, covenants, conditions a� restrictions burdening the Pc�pert� ��2� �}' a uue insurance commiUnent is
<br />required to be furnished, and if this box is checked � Copies of any Other pocuments (or, if illegi'ble, summaries of such documents)
<br />list e d in t t� sc h e dule of exceptions (Fxceptions). Even if the box is not checked, Seller shall have the obligation to furnish these
<br />documents pursuant to this subsection if requested b'Y SuYe�' any time on a� before the Docmnent Reqoest Deadline (§ 2c). This
<br />requiremem shall periain o�nly to docume�s as shrn,vn �f recor� ���� of the clerk and recader(s), The absh�act or title insurance
<br />comcnitment, together with airy copies or suitunaries of such documents furnished purs�ant to this Section, constitute the title documents
<br />(Tide Documerrts).
<br />8. 1TTLE.
<br />e. Title Review. Buyer shall t�ave the right to inspect the Tifle Documents. Written �tice by Buyer � unmerchantability
<br />of titlo or of any other unsatisfactory title condition shaavn by the TiUe Documents sha11 be signed bj, � o �� of Buyer and given
<br />to Seller on or before Title Objeetion Desdline (§ 2c), or within five (5) calendar days after receipt by Buyer of any Title Document(s)
<br />or endorsement(s) adding new Exception(s) to the title comtnitment together with a copy of the Title Document adding new Esception(s)
<br />to tide. If Seller does not receive Buyer's notice by the date(s) specified above, guyer a�pxs ���aon �'tide as disclosed by the Title
<br />Documems as satisfactory.
<br />b• Matters nd Shown bv the Public Recordg Seller shall deliver to Buyer, on or before Ofi Recard Matters Deadline
<br />(§ 2c) true copies of all lease(s) and survey(s) in Seller's passession pertaining to the Property and shall disclose to Buyer all easements.
<br />liens or other title matters �t ShOwn b�, �e public records of which Seller has actual knvwledge. Buyer shall have the right to inspect the
<br />Property to determine if any third party(les) has a�, right in the prq�m, m t S �� �, ��lic ceoo�ds (such as an uru�ecorded
<br />easement, unrecorded lease, or boundaty line discrepa�,� Written �otice of any unsatisfactory oandition(s) disclosed by Seller or
<br />revealed by such inspection shall be signed by or oa beha1f � guyer and given to Seller on or before Of� Record Matters Objection
<br />Deadline (§ 2c). 1f Seller does nd n�ceive Buyer's notice by said date, Buyer accepts title subject to such rights, if any, of third parties of
<br />which Buyer has actual knowledge.
<br />G Special Taaine DistricEs. SPECIAI, TAXING DISTRICTS MAY BE SUB.TECT TO GENERAL OBLIGATION
<br />INDEBTEDNESS THAT IS pAlp gy REVENUEg pRpDUCED FRQM ANNUAI, TAX LEVI�S ON THE TAXABLE
<br />PROPERTY WITHIN SUCH DISTRICTS, pROPERTY OWNERS IN SUCH DLSTRICTS MAY BE PLACED AT RISK FOR
<br />INCREASED MILL LEVI�S AND EXCESSIVE TAX BUR.pENS TO S[JPPORT THE SERVICING OF SUCH DEBT
<br />WHERE CIRCUMSTANCES ARISE g IN THE INABILT!'Y QF SUCH A DISTRICT Tp DISCHARGE SUCH
<br />INDEBTEDNESS WITHQUT SUCH AN INCREASE IN MILL LLYIES. BiJyER SHOULD INVESTZGATE THE DEBT
<br />FINANCING REQUIItEMENTS OF THE AUTHORIZED GEI�ERAL OBLIGATION I1�DEBTEDNESS OF SUCH
<br />DLSTRICTS, EXISTING MILL LEVIES OF SUCH DISTRICT SERVICING SUCH INDEBTEDNESS, AND THE POTENTIAL
<br />FOR AN INCREASE IN SUCH MILL LEVIES
<br />In the eve� the Property is lor�ted witlrin a s�Ciai taxing district and B
<br />written notice is received by Seller on or bef�e Off_Iteeord Matters Objeetiar Dead6ne� Zc)� his�� tract shall then ternu'natet� If
<br />Seller does not receive Buyer's natice by such date, Buyer accepts the effect of the Propett�s inclusion in such special taxing district(s)
<br />and waives the right to so terminate.
<br />d. RipJ�t to Cu� If Seller receives notice of unmerch,antability of title or any other unsatisfactory dtte condition(s) or
<br />PREPARED BY AOENT: Donald L. Jones, owner broker
<br />C65 3-9-99, Contract to Buy and Selt Real Estate NaceM Land - Fartn - Ranch). Colorado Real Estate Commission
<br />ReaIFAST� Soflware, �Y2004, Version 8.15. Sollware Repistered to: Donald L. Jones, McFeeders realty Appraisal & Mymt, LLC
<br />Buyer(s) 05/14/04 09:34:pg Paqo 3 n( 7
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