Laserfiche WebLink
<br />fVlar.-U~-:;10 .L.L..I:-J oJlL.o......-.::;""~.. oJ..... ...~-- <br /> <br />. <br /> <br />. <br /> <br />(2) A deed of trust and security agreement <br />recorded April 1, 1993, for the I:lenefit of <br />Alamosa National Bank, which deed of trust is <br />recorded among the land records of Pueblo <br />County, Colorado, in Book 2647 at page 531. <br /> <br />Seller has received no notice of any foreclosure <br />proceedings and no notice has been received from <br />any lender asserting that a default or breach <br />exists thereunder which remains uncured, and no <br />such notice will have been received and remain <br />uncured as of the date of closing. <br /> <br />(f) Assessments. The Seller has paid or will agree to <br />pay at closing all 1997 assessments and/or taxes on <br />the Property and further agrees that all <br />assessments for 1998 will be prorated to the date <br />of closing. <br /> <br />,9. BUYER I S WARRANTIES AND <br />represents, warrants and agrees that <br />correct on the date of this agreement <br />as of the date of closing: <br /> <br />(a) Buyer is now and will be at the time of closing a <br />duly organized non-profit corporation authorized to <br />do business in the State of Colorado and is in good <br />'standing and has now and will have the power and <br />authorization through its Board of Directors and <br />members to carry out this agreement. <br /> <br />REPRESENTATIONS. Buyer <br />the following are true and <br />and will be true and correct <br /> <br />10. THIRD PARTY APPROVAL. Neither the execution of this <br />agreement nor the consummation of the transaction provided for by <br />this agreement constitute or will result in any breach of any of <br />the terms, conditions or provisions of, or constitute a default <br />und~r any indenture, charter, bylaw, deed of trust, loan agreement, <br />lien, lease, license, judgment, decree, order, agreement or any <br />other instrument to which the Buyer is a party or is subject to, <br />nor does the execution of this agreement or the consummation of <br />this t~ansaction require the approval of any third party other than <br />its Board of Directors and members. <br /> <br />11. CONTINGENCIES. This agreement and the obligations <br />contained hereunder of the Buyer shall be specifically and <br />expressly contingent upon the occurrence of the following events, <br />transactions, approvals, amendments, and other matters as stated <br />more specifically hereinbelow: <br /> <br />(a)' The Buyer I s Obligation hereunder shall be expressly <br />contingent upon the Buyer being approved for a loan <br />from the Colorado Water Conservation Board of the <br /> <br />4 <br />