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�' T ��' Pe�O� pC �Xes, �f' anY, and generat rea1 estate taxes for the yeaz of Closing, based on ❑ The Tazes
<br />tor the Calendar Year Immediately Preceding C�os�ng ❑�e Most Recent Mill Levy and Most Recent Assessment � Other
<br />8tock Tranafer fecs to 2�e �d g� �
<br />Buyer. Seller sha(I all Iea es t�O Bu},e�r ana �,� ��j R� � �d- Secunty deposits held by Seller shall be credited to
<br />n/a �
<br />�• Other Prorations. Water, sewer charges; and interest on co�tinuing loan(s), if any; and
<br />n/a
<br />d. Final Settiement Unless oth�erwise agreed in wri
<br />16. POSSESSION. Possession of tl►e Pro �' � p �� � final. �
<br />subject to the follawin lease s or tena ��' shall be delivered to Buyer on poase,ysion Date andPoesession Time (� 2c),
<br />n/a g � ) t1Cy(S):
<br />If Seller, after Closing, fails to deliver possession as s��� �ller shall be s�bject to eviction and sha(1 be ad�i�o�ly liable
<br />to Buyer for payment of a loo . oo , p � � � p���on Date (§ 2c) until
<br />17• NOT ASSIGIYABLE: This contract shall nd be assi able b B P°i'�10�' �s delivered.
<br />re��, �$ �ontract shall inure to the be�t � and b� b� y�r �thuut Seller's prior written consent. Escept as so
<br />Parties. S l�n �� beirs, personal representatives, successors and assigns of the
<br />18 • CONDITION OF AND DA,MAGE TO PROPERTy AND INCLIISIONS, EYCept as dherwise prwided in this contract, the
<br />Property Inclusions or both shall be deliven:d in the condition existing as of the date of this contract, ardinary wear and tear escepted.
<br />� Casualtv; Insurance. In the event the Property or Inclusions shall be damaged by fire or other casualty prior to
<br />Closing, in an amount of �ot more than ten pe�nt �' � t p��e price, Seller shall be abli ed to re
<br />Clasing Date (§ 2c). In the eve� such damage is nat repaired within Said rime or if the dama � �' �e same before the
<br />temunated at the option of Buyer by delivering to Se(1er written notice of termination. Shoul�d Bu� e ��� o� ��� � t
<br />despite such damage, Buyer shall be entitled to a credit, at Ctasing, for aIt the insurance
<br />Praperty and Inclusions payable to SeIler but not t1�e owners� ��a��, �any, plus the amorun�san d e p ov ed fo�in such
<br />insurance policY, such cradit nat to exc�ci the total Purcliase Price.
<br />b. Damage: Inciusions; Servi�e� Should a Inclusion s or servi
<br />Property, e.g, heahng, pluminng, etc.) fail or be dama � () ce(s) (including systems and components of the
<br />earlier, then Seller shall be liable for the repair or rep � en n �'�su� � j�o�$��y�n,a�s) with a unit af similar size, age and
<br />g possession, whichever shall be
<br />quality, or an equivalent credit, but aa(y to We extent that the maintenance or replacement a� such Inclusf�(s� service(s) or fisture(s) is
<br />nd the respo�sibility of the owners' associatioq if any, less anp insura�e proc�eds received
<br />� pl � ent Th� a sk of loss for airy damage to gc�vving crops, bY fire � other cas�alty, shall � �B� �e� �ch repair or
<br />rawi cro rry, as provided in § 3 and such party shall be entitled to such insurance r �' Pazh' entitled to the
<br />� am'• P�s or benefits for the growing crops,
<br />G Walk-Throu�h; Verilication of Conditioa Buyer, upon reas�able notice, shall havc the right to walk through the
<br />Properiy prior to Clos�ng to venfy Wat the phys�c�! oo�iaon of We Frapert� and Incl�offi compii� �� ���
<br />19 • RECOMMGNDATIQN OF LEGAL AND TAX CDIINSEL si
<br />the Selling Company or the Listing Company has advised that this document � un nan��e�' B'ryer and Seller acknowtedge that
<br />tt�e examination of title and conyvltation with legal and tax or other counsEl before signpng this ���� ��S �ommended
<br />20• TIIVIE OF ES$ENCE AND REMEDIES Time is d' the esseax:e hereoL ff any uote or check recei�eti as Earnest Monev
<br />hereunder or azry otl�r payment due hereunder is not
<br />performed or waived as herein Provided, there shall be th�e folowing medie�se�d when due, ar if any ather abligation hereunder is not
<br />� a If Buver is in Defaut�
<br />(1) S�ecific Perfonmance. Seller may elect to treat this cantract as cancel
<br />things � value received hereunder shall be forfeited and retain�ed an beLalf of Seller, and Seller may iecwer su h damages as may be
<br />p yments and
<br />� p�+oper, oi' Seller may elect to treat this ooNr�rct as being in fiill force a�d effect and Seller shall have We right to specific perfa�mance
<br />damages, or both
<br />( Liauidated DamaQes. All payments and things of value received hereunder shall be forfeited by Buyer and
<br />retained on behalf of Seller and both parties si�au th�g�. � released from a(l obligatiovs he�unde� It is a
<br />and things of value are LIQUIDATED DAMAGES and eR greed that such payrnents
<br />REMEDY for Buyer's failure to perform the abligations of thi s �ntr��rSa� � re azves the medie � S�� �D OIJI'Y
<br />and additiona! damages. '� 1 3' pecific performance
<br />b• If Seller is in Default: Buyer may elect to treat this contract as canceled, in which case al! payments and things of
<br />value received hereunder sba11 be re� a� B�er mary recover such c�a
<br />contract as being in fu11 force and effect and guyer shall have the right to specific� ��� p1O�r' or Buyer may elect to treat this
<br />G Cost� and Eanemes, In the evem of any arbitrahon or litigatio to this��� r�� artritrato� rn. court sh�ll
<br />award to the preva�hng party all reason�le costs and ex n
<br />21. MEDIATION. If a dispute arises relating to this ontracuding attaney fees.
<br />Praceed in good faith to submit the matter to mediation Mediahon is a process in which t� a�'� not resolved, the parties shall first
<br />helps to resolve the dispute informall P�� meet with an impartial person who
<br />y a� co�dentially. Mediators cannot impose binding decisions. The
<br />agree before any settlemem is binding. The part;es wil� 'ointl F��s to lhe dispute must
<br />mediation. The mediatioq unless dherwise a � y�p01nt an acceptable mediator and will share equally in the cost of such
<br />the date written notioe requesting ,mediat;on �s � in the event the entire dispute is not resolved 30 calendar davs from
<br />Y pacty to the other(s). This Section shall nd alter any date in this contract,
<br />PREPAREO BY AOENT: Oonald l. Jones� o,� b��
<br />CBS 3-9-99, CoMract to Buy and Sell Real Estate (Vacant Land - Farm - Ranch). Coloredo Real Estate Commission
<br />ReaIF,4sT� Software, �J20pq, Version 6.15. SoRware Registered to: Donald L. Jones, McFeeders realiy Appraisal & Mgmt. LLC '
<br />Buyer{s)
<br />��� � �'� Patfe 5 of 7
<br />$e?Ilar(.S�
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