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commitment terms as provided in § g a or b above, Seller shall nse reasonable effort to correct said items and bear acry nominal e.rpense
<br />to correct the same prior to Closing. If such unsatis6ctory tide c:a�►dicion(s) are not oorrected on or before Closing, this contract shall
<br />then terminate; provided, however, Buyer may, by written notice received by Seller, an or before Closing, waive objection to such items.
<br />e. Title Advi�orv. The Title Documents affect the title, ownership and use of the Property and should be reviewed
<br />carefully. Additionally, otl�er mattets not reflected in the Title Documents may af�ect the dtle, awnership and use of die ProPert�',
<br />including without limitation boundary lines at� enctnachments, area, zaning, unrecorded e�ements and claims af easements, leasss and
<br />other unrecorcled agreements, and variaus laws and governmentat regulatia�ns concernin� land use, development and environmental
<br />matters. THE SURFACE ESTATE MAY BE OWNED SEPARATELY FROM THE U1�iDERLYIl�iG MiNERAL ESTATE, AND
<br />TRANSFER OF THE SURFACE FSTATE DOES NOT NECESSARILY INCLUDE TRANSFER OF THE MINERAL RIGHTS.
<br />THIRD PARTIES MAY HOLD INTERESTS IN OIL, GAS, OTHER MjNERAI,S, GEOTHERMAL ENERGY OR WATER ON
<br />OR UNDER THE PROPERTY, WHICH INTEREST51�y G� Tg� g�GHTS TU ENTER ANiD USE THE PROPERTY.
<br />Such tnatters tnay t�e excluded from the title insvrance policy. Buyer is advised to timely oonsuit legal oau�sel wlth respect to all such
<br />matters as there are strict time limits provided in this contract (e,g., Tide Ob jeMion Deadline [§ 2c] and OR-Record Mutters Ob jection
<br />Deadline [§ 2c)).
<br />which a b�iu'1,�'ci�n B�ED PAINT. Unless exempt, if the improvements on the grope1 include one or more residential dwelling(s) for
<br />g permit was issued prior to January 1, 1978, this r.ontract shall be va'd unless a completed Lead-Based Paint Disclosure
<br />(Sales) form is signed by Seller and the required real esfate licensee(s), which must occur priar to the parties signing this contract.
<br />10. PROPERTY DISCLOSURE AND INSPECTION. On or before Selfer's Property Disclosure Deadline (§ 2c), Seller
<br />agrees to provide Buyer with a written disclosure of adverse matters regarding the property compteted by Seller to the best of Seller's
<br />current actual knowledge.
<br />a. L�snection Obiection Deaegine. Buyer sha[1 have the right to have inspecdon(s) af the physical condition of the
<br />Property and Inclusions, at Buyer's expettse. If the physicai cottdition of the propertp or in�lusions is unsatisfactory in Buyer's subjecti�-e
<br />discretion, Buyer shall, on or before Inspection Objeetion Deadline (§ 2c):
<br />(1) natify Seller in writing Wat Wis vontract is terminated, or
<br />(2) provide Seller with a written description � auy unsatisfactory Physical conditi� which Buyer requires
<br />Seller to correct (Notice to Correct).
<br />If written nodce is nd received by Sellet on or bef�e Inspection Objection Deadline (§ 2c), the physical condition of the
<br />Property and Inclusions shall be deemed to be sadsEactory to Buyer.
<br />b. Re�olutian Deadline. If a Notice to Correct is received lry Seller and if Buyer and Seller have not agreed in writing to
<br />a settlement thereof on or before Re9o�utjon l�sdline (§ 2c� this contrace sha11 terminate one calendar day following the Resolution
<br />Desdl[ne, unless before such tern►ination Seller receives Buyer's written withdrawai �'the Notice to Co�rect.
<br />c. DamaEe; Lienx Indemnitv Buyer is responsible for payment for all inspections, surneys, engineering reports or for
<br />any other work performed at Buyer's request and sl�all pay for any damage which occurs to the Pmperty and I�lusions as a result of such
<br />activities. Buyer shall not penmit claims or liens af' any kind against the Property for inspections, s
<br />ather work perfortned an the property at Buyer's request. B er u�Ys, engu�eenng rePoris and for any
<br />any liability, damage, cast or e:�pense incurred by ,Seller in connec�ti�on wit �a h inrot� and hdd Seller harmiess &om and against
<br />Seller's right to recover all casts and expenses incurred by Seller to enforce ttus subsect� ic clud ng Seller's reasonab e tt rn�ey s
<br />The provisians of Wis subsection shall survive ihe terniina�ion d this vontract,
<br />11. CLOSING. Delivery of deed(s) from Seller to Buyer shall be at Closing (Closing). Closing shall be on ihe date specified as
<br />the Closing Date (§ 2c) � by mutual agreement at an earlier date. The hour and place of Closing shall be as designated b��
<br />HeFeedera Realty, Appraisal G Nanaqemerit L L C
<br />12• TRANSFER OF TITLE. Subject to tender or payment at Closing as required herein and compliance by Buyer with the odier
<br />terms and provisi�ns �reo� Seller shall execute and deliver a good and �cient s*-� �r�tfi�te deed to Buyer, at Closing,
<br />conveying the Properiy free and clear of all t�es except the general t�es for t� year a¢' Closing. Elccept as provided herein, title shall be
<br />conveyed free and cleaz of all liens, including acry gwernmental liens for special improvemenis insta(led as of the date of Buver's
<br />signature hereon, whether assessed or not. Title shall be comeyed subject to: -
<br />a. those specific Exceptions deseribed by reference to reco�rded doeumenis as reflected in the Tide Documents accepted by
<br />Buyer in accordance with § ga [Title ReviewJ,
<br />b. disUibution udlity easements,
<br />c. those specifically described rights of third parties not shown by the public records of which Buyer l�as actual knowledge
<br />and which were accepted by Buyer in accordance with § 8b [Matters Not Shown by the Public Recordsj, and
<br />d. inclusian of the Properiy within anY speCial taring di��, and
<br />e. the beneSts and burdens of any declaration and parly wall agreements, if any, and
<br />f. other n/a
<br />13. PAYMENT OF ENCUMBRA1�tCES Any encwnbrance required to be paid shall be paid at ar before Closing from the
<br />proceeds of this transacdon or from any other saurce.
<br />14. CLOSING COSTS• DOCUMENTS AND SERVICES Buyer and Seller shall
<br />costs and all dher items required to be paid at Closing, except as otherwise provided here�. ar nd Sellr sh 1 g and comple e
<br />all customary or reasonably required documents at or before Closing. Fees for reai estate Closing services shall be paid at Closing b��
<br />� One-Half by Buyer and Qne-Half by Seller � Buyer ❑ Seller ❑ Other n/a
<br />The local transfer tax of n/a % af the Purci�ase price sha[I be d at Clasing by ❑ Buyer ❑ Seper. Arry sales and
<br />use tax that may accrue because af this transaction shall be paid when due bY ��Y�' � Seiler.
<br />15• PRORATIONS. The follawing shall be prorated to Ctoeing Date (§ 2c), except as otherwise prwided:
<br />PREPARED BY A(3ENT: Donald L Jones, owner broker
<br />CBS 3-&99, Corrtract to Buy end Sell Real Estate (Vacant land - Farm - Ranch). Colorado Reel Estabe Commission
<br />ResIFA=T� Software, CYL004, Versbn 8.15. Sotlware Registered to: ponald L. Jw�es. McFeeders reelty A�r�i�l a��. U„G
<br />gWe►(S) 05J14/04 09:34:06 Paqr. 4 of ?
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