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<br />The prlnred porllnns of Ihls form approved by the I 999 a / ~~ '
<br />Colorado Rul Eslele Commisslan (CBSJS-89) ' ~~~
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<br />THIS IS A LEGAL INSTRUMENT. IF NOT UNDERSTOOD, LEGAL, TA% OR OTHER COUNSEL SHOULD BE CONSULTED BEFORE SIGNING.
<br />VACANT LANDlFARM ANb RANCH ' r,
<br />CONTRACT TO BUY AND SELL REAL ESTATE ' •-
<br />Seller's remedy Liquidated Damages or Specific Performance (Section 16)
<br />February 28 .19' 90
<br />I. PARTIES ANU PRUI'ERTY. Pablo f:a BAa VaanueL
<br />purchaserfs) (Purchaser), las joint Tenants/tenants in conrnron)
<br />agrtes In buy, onJ the undersigned seller(s) IShcer~, egrets to sell, on the Terms end conditions set forth in Ihistontrad, the following described real estate
<br />in the County of Aou ld er ,Colorado, to wit:
<br />90 scree more of lase. Portions of Section 1. Township 3
<br />North. Range~yi West of the 6th P. M. County of Boulder.
<br />State of Colorado.
<br />known as No. ~ ,
<br />' ISUen AJJmn. C'uy. Ane. Zipl
<br />mgelher wish all interrxr of Seller in vacated sl rears and alleys adjacent thereto, all easements and other appurtenances thereto, ell impmsemenls (hereon
<br />end all coached fixlums (hereon, except as herein excluded, and called the Properly.
<br />Z. INCLUSIONS. The purchase price includes the fallowing items (e) if allached to the Pmperly on the dale of This cOrrlracr: lighting, healing.
<br />plumbing, ventilating, anJ air rnndilioni rag fixtures, TV antennas, water softeners, smoke/fire/burglar alarms, security devices, inside telephone wiring
<br />and connecting bbckx/jacks, planes, mirmrs. (loot coverings, intercom systems, buih-in kitchen appliances, anJ sprink ter systems and conlmis; (b) if on
<br />the Pmperly whelber allached or not nn the date of This conlrad: buih~in vazuum systems {including accessories), storm windows, storm doors, window
<br />and porch shades, awnings, blinds, screens, curtain rots, drapery mds, fireplace inserts, fireplace screens, fireplace grates, heating stoves,
<br />stnmge sheds, all keys anJ garage Joor openers including remote controls; end (c)
<br />(d) Rftler Rlghls. Purchase price to include the following water rights:
<br />any of record
<br />(tl Growing Crops. With respcd to the growing Imps Seller and Purchaser agree as follows:
<br />any of record
<br />The oMne-described included imms (Indusionsl as m be conveyed to Purchaser by Seller by bill of sale,
<br />deed nr other applicable legal instrwnent(s) el the closing, free end clear of all loxes, liens and encumbrances, esrepl as provided in section 10.
<br />The (allowing allached fixtures ere excluded fmm This sale:
<br />J. PLIRCIIASE PRICE ANU I'ERh15. The purchase price shall beS 2S•~00•~~ rpayable in U.S. dollars by Purehascres
<br />!allows (complete the applicable terms below):
<br />lal F.ernesl Isloney.
<br />f 50~•OO ..~ in the form of Cash ,es earnest money deposit end earl payment oflhe purchase
<br />price, paynhle to and held by Lyons Realty , broker, in broker's trust
<br />aamunl on babel f of truth Seller acct Purchaser. Rinker is amhrrized Io deliver the earnest money deposit to the closing agent, if any, at or be(om closing.
<br />Ibe Cesh al Clnsing.
<br />S 25x000.00 to be paid by Purchaser at closing in cash, eledmnic transfer funds, certified check, savings and loan lellrr's check, or
<br />cashier's check. Subject to the provisions of section 4, if the existing loan balance al the lime of closing shell be Jiflerenl fmm the loan balance in section J.
<br />the aJjuslmenl shall tr maJe in cash al closing or paid as follows:
<br />lcl New loon. .
<br />S by Purchaser obtaining a new loan. This loan will be secured bye (Ise, 2nd, ere.) deed of Irusl.
<br />l~he new loan m Purchaser shall he amortized over a penal n! years al appmzimalely S per
<br />including principal and interest not to exceed %per annum, plus, if required by Purchaser's lender,
<br />o Jrry+sit of o(the estimated annual real estate taxes, property insurance premiwn, and mortgage insurance premium.
<br />If Ihr Iran is nn oJjustnble interest rare nr gradualeJ paym<m ban. the payments and inlerrsl rare initially shall not exceed the figures sd forth above.
<br />Loan dlsrnunl points, if any, shall he pail Io lender al dosing and shall na ezcceJ %of the total ban amount.
<br />The first ll, 2, acct bran Jiscuunl points shall be paid by ~ ,
<br />acct Ilre balance, if Dray. shall be paid by
<br />Purchaser shell linicly' pay a loan origination rte nut ro rzrted %of the loan amount end Puchaser's loan costs. Cost of any appraisal
<br />for loan purposes In be oMairwd aver this date shall he paid by
<br />urym loan applicalinn as reyuired by lender.
<br />Nom. 1'nS J/hl-S~P9, rItCA N71.ANP/FeRe1.1NR RANCrI CONTRACT TO RUI'ANU SEhI.HEAL F.SL4TF. ;~"1 ~f
<br />Riadfnrd R~hli.hin},176Jw'erec Sr.. Dem~rr.CO x07111-17071 1974500-b-99 _ -j1 ~/~' •'~
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