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<br />The printed perllone of this form approved br tha
<br />Colersdo Real E,tete Commiuion ISC SI-10-TS).
<br />RECEIPT AND OPTION CONTRACT
<br />(FARM AND RANCH)
<br />May 16 _,19~D-
<br />RECEIVED FRObf Brannan Sand and Cravel Company ,
<br />Purchaser (X9(pldaXDEtFAO]s]f the sum of $ 4, OOO. OO , in the form of a check
<br />to be beta by seller _ , B4•iXri4tYarexdcacxddxiKdexdc3eaaxatx
<br />as earnest money and p:u•t payment for the following described real estate situate in the -
<br />County of Adams ,Colorado, to wit: NE} of Sec. 35 lying N and W of the right-o
<br />way of the Fulton Ditch and W 180 feet of that point of W}NE} being S and E of the ditch
<br />right-of-way except right-of-way, roads
<br />Contains 53.26 acres, more or less. Including wells, well water and decrees adjudicatl l
<br />said wells, and the seller reserves and retains a }interest in and to any and all royalti
<br />or lease payments r~ceityed b~ the ~]~Irch~ser from the ~Sa~~ of oil ~r [t~~ found u~on tf~~ i
<br />with all easements an rig is o way a pm•ten n there o, all lmprovcmen s ereon an ally w•es o a rmane
<br />nature currently on thr, premises except as hereinafter provided, in theil• p1•esent condition, ordinat•y u•ca1• and tear
<br />excepted, known as
<br />which property pm•chaser agrees to buy upon the following terms and conditions, for the pm•chase price of
<br />g 418, 880.00 , payable as follows: $4, IfttO OjL hereby receipted for, $ 41 888
<br />closing, the down payment to be 10$ of purchase price at closing, Including earnest
<br />money deposit and down payment due at closing. The balance of approximately
<br />#372, 992.00 with 10$ interest payable on the unpaid balance in 10 equal, annual I
<br />installments on the anniversary date of closing in annual I~mtstitwe~ls of #
<br />payments to be applied first to the payment of interest and the balance to principal. Th
<br />purchaser shall execute a first Deed of Trust payable to the seller. Prepayment may be
<br />made in any amount by purchaser during the second calendar year and thereafter. Pre
<br />payment may be made during the first calendar year upon principal not exceeding 29$
<br />of the purchase price. Prepayment
<br />RXDf~wa]ok]~o# ilalet]deothPX3Cx]FYt~e xs~~]Ckea]exoa[veK]a-cptooWCt2omeCxe~ae6exlpcatex
<br />t6x~dlfatfdclixx -_Ya~aKae~aximmtk]cxbcebkxw]txve4c~~o-xiKla]road9exxixX]o~eaemcaakxxauaobawo]Wc
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<br />1,~ Pricetoincludethefollowingpersonalproperty: All ImprOVemenLs located upon the premises,
<br />including wells, pumps and fencing presently located on the property
<br />to be conveyed by bill of sale at time of closing in their present condition, tree and clear of all personal property
<br />taxes, liens and encumbrances, except:
<br />and except any personal property liens in any encumbrance specified in paragraphX 4.
<br />The following fixtures of a permanent nature are excluded from this sale: None
<br />2,]pcrri~etoinclaaernetollowingwaterrighta: None. There are no water rights included in this
<br />purchase.
<br />Wells, well water and adjudication decrees are hereby sold, assigned and conveys
<br />to the purchaser.
<br />3.xXIrXYD6]SYOC70k]dlt0(]OhSRtd%RODY77bCX0[]dbtOd7Q1[7d0.bG7dd[ a current commitment for title insurance policy in
<br />an amount equal to the purchase price, at seller's option and ezpenae, shall be furnished the purchaser on or before
<br />19~. If seller elects to furnish said title insurance commitment, seller will
<br />deliver the title insurance policy to putrhaser after closing and pay the premium thereon.
<br />4. $(Title shall be mercharlteble in the seller. Subject to payment or tender ae above provided and compliance with
<br />the other terms and conditions hereunder by purehaser,'the seller shall execute and deliver a good and sufficient
<br />warranty deed to said purchaser on , 19_, or, by mutual
<br />agreement, at an earlier date, conveying said property free and clear of all taxes, except the general taxes for
<br />19~.Q-, payable January 1, 19~_, and except
<br />free and clear of all liens and encumbrances exeept:NOne
<br />~emises,
<br />
<br />NO. $C 24.10-75. Receipt and Opllen Centnet (Farm & Ranch) -Bradford Publiehina Co., 1a2~-1a Stout Street, Denver, Celorade-10.76
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