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<br />The Drlnled perllone of thle term approved by the
<br />Colorodo Red Edde Commlulon (SC 31-I0-05).
<br />RECEIPT AND OPTION CONTRACT
<br />(FARM AND RANCH)
<br />May 16 , I9_~~
<br />ItECEIVen rxOM Brannan Sand and Gravel Company _ ,
<br />Pul•chaser7lC'JEXLIfC)t]Gt4xd[Kthe sum of $ 1, OOO.OO , in the folTU of a cheek
<br />to be held by seller xetxuQ>S1a,MifeYaxdGa(~xds•XJWRxdEiMp6xxatX
<br />as earnest money and part payment for the folloo~ing described real estate situate in the .---
<br />County of Adams , coloraao, to wit: That portion of Sec. 35, Township 1 South,
<br />Range 67 West, Adams County, Colorado, described as follows: Beginning at the NW
<br />corner of the NEB of Sec. 35, thence E 741 feet, thence 5 662 feet, thence W 741 feet,
<br />thence N 662 feet to the point of beginning, 11.29 acres more or less, including wells,
<br />well water and decrees adjudicating said wells, and the seller reserves and retains a }
<br />Interest in and to any and all royalties or lease payments received by the purchaser fro
<br />the s~le of oil or~a~ found upon the~~ert}Ise~
<br />with a f easements an Ig is o o•ay ppurtenan ere o, a Smpl•ovements thereon and all fixtures of a permanent
<br />nature currently on the premises except as hereinafter provided, in their present condition, ordinary e'ear~and tear
<br />excepted, known as
<br />which property purchasel• agl•ees to buy upon the following terms and conditions, for the purchase price of
<br />$~Qt320.00 ,payable as follows: $ ~ nne nn hereby reccipted for, $8.032. Dn at
<br />closing, the down payment to be 10$ of purchase price at closing, including earnest
<br />oney deposit and down payment due at closing. The balance of approximately ;81, 288.0
<br />with 10$ interest payable on the unpaid balance in 10 equal, annual installments on the
<br />anniversary date of closing i payments to be applle
<br />first to the payment of interest and the balance to principal . Thepurchaser shall execu 1
<br />a first Deed of Trust payable to the seller. Prepayment may be made In any amount by
<br />purchaser during the second calendar year and thereafter. Prepayment may be made
<br />during the first calendar year upon principal not exceeding 29$ of the purchase price.
<br />Prep~~fr~txe~t~w~it
<br />~Qt~ttYikxRlRSt~Aixi~x>~Kxsatut<edxetxlpxabw[aexaerrxaceox~exAliawlttwtstfax~xR9tx
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<br />JClttlf~ll6K•t6~dGX ]f1t06iMatk7dt l61(dlllJflx kJE igtC
<br />1.71cPricetoincludethefollowingpersonalproperty: All improvements 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, Cree and clear of all personal property
<br />taxes, liens and encumbrances, except:
<br />and except eny personal property liens in eny encumbrance specified in paragraph bt 4.
<br />The following fixtures of a petTnanent nature are excluded f rpm this sale: None
<br />2, >t Pricetaincluaethefollawingwate:rights: None. There are no water rights Included in this
<br />purchase.
<br />Wells, well water and adjudication decrees are hereby sold, assigned and conveyed
<br />to the purchaser.
<br />3 OUW474D61f~0010(OOQkk%Y]~tdgR7CpHttRxOCk)(iCdtJtrD(dtt~ij(xq(a current commitment for title insurance policy in
<br />an amount equal to the purchase prite, at seller's option and expense, 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 purchaser after closing and pay the premium thereon.
<br />4. (Title shall be merchantable in the seller. Subject to payment or tender as above provided and compliance with
<br />the other terms and conditions hereunder by pu rchaser,'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, 19.1-, and except
<br />free and clear of all liens and encumbrances except: None
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<br />NO. SC 24-19.75. Receipt rand ODllen Conlreet IFerm! Ranch) -liro2ford Poblisl'r~ ~o.. 1821.16 Stout Street, Denver. Colorado-10.76
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