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., <br />3 <br />The closing shall be held thirty (30) days after final approval has been <br />received by Brannan of the permits for the mining and extraction of gravel from state <br />and local agencies. In the event the applications have been made and the final <br />approval has not been granted within the 120 days hereinabove provided for then <br />the contract shall be automatically extended for an additional sixty [60) days to <br />provide for the 180 days in which to conclude all matters affecting the sale and purchase <br />of this property. It is understood and agreed by the parties hereto that a judgment <br />or decision of the Board is not final until the permit has been granted and thirty <br />(30) days has elapsed therefrom and no litigation or objection and no petition for <br />judicial review has been filed. It is understood and agreed that the approval is <br />considered final thirty (30) days after the same has been granted and on the date <br />that time for seeking judicial review has expired. Closing shall take place thirty <br />(30) days thereafter. So long as the permit has been granted within the 120 days <br />or the sixty (60) day extension hereinabove referred to, the obtaining of the zoning <br />shalt be deemed to have been timely, and the additional thirty (30) days to await <br />determination of whether an appeal has been filed In the matter shall automatically <br />extend the time by the number of days necessary for the right to appeal to expire. <br />Closing shall be held within sixty (60) days after the final permit or approval <br />of the plat has been received. <br />It is further agreed by the parties hereto that because of the complex nature <br />of a gravel mining application for rezoning and permit that the purchaser may elect <br />to exercise its option to purchase the property at any time, notwithstanding the fact <br />that the conditions herein set forth have not been met or fully met. <br />It is understood by the parties hereto that the Deed of Trust which shall be <br />executed by the purchaser to the seller shall provide that gravel and sand may be <br />extracted from the property without constituting a violation of the security agreement <br />or Deed of Trust and that no additional payments shall be made, dependent on the gravel <br />being extracted. It Is the Intention of the parties to permit Brannan to fully utilize <br />the property, including the extraction and removal of gravel from the site without <br />additional payment therefor. <br />It is further agreed by the parties hereto that Mrs. -ttie Sandlin, <br />the mother of the owner of the, property, shall be entitled to use the home at <br />jJ <br />~,~~5~ ~~" ~(R-,yLP ,b!l~~i ,and the one-half (}) acre surrounding said <br />