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07/°3l.0a^_ 10:51 qLa 1179 Vw1E~ aW~n; PaGE ~2 <br />' l• 1. n. 7meL aYHr+.a M AOml~a¢uln ommw., green B~sY.n A.rd~een. <br /> <br />ESCROW RECEIPT <br />The wdecelgoed Escrow e¢ent aclmowled¢es receipt from <br />Valley Bank & Trust <br />11r1T1~4f5r,Svh~elr~irdafn+(1BlRVd(t~7n <br />sI'tbe following'Ct~Cttaa7fitroe[e,~mbl7ay~ddCf~ente or property, to-wit: <br />Transfer $10,000 <br />RECEIVED <br />SEP 2 5 2002 <br />1111L1SfaIl9f m18Hfa7c ant .nnlrtnv <br />Permit #: I~`t-2~1-C~ Confidental?:11L_ <br />Class: ~ Type-Seq.: <br />From: ?ilr~rnn Co>v*f-- R ~~./f- To: t~'t <br />Doc. Name: Aa~r„•,r 1'f'r~rtnr-t r,rn Ctmuot b ur„(1S <br />Doc. Date (if no date stamp): ~Z~ -c-~~ - ~- <br />ehlcb !t e~eeee to hold ecrow Arent m the faaowta mt etiona to- <br />Ile purpose o ~hls accou~i~ fs~'o asstue~ie any wells that are damaged or the <br />result of a lower water level during the mining activity at 124i5' and Highway 85 will be <br />restored. <br />Kirk Kirby of K.K. Pump Systems Inc. 10221 E. 120`h Ave. Henderson, Co 80640 <br />(303) 637-9977 will respond to any requests relative to well malfunction. He will <br />respond and repair the systems as needed. <br />On October 1, 2003, if the wells in question have been repaired Kirk Kirby will <br />certify that the wells are functioning and the balance of the escrow funds will be released <br />to the 124a' Estates Partners. Attachment A <br />But aubjnet, however. to the terms, eacepttona, ptovidena, and coadltfene bereinaftar stated which are <br />acceptable to sad eppso.ed by dl of the parHn by aeeeptiq¢ thte receipt: <br />L The EecroA Agent shell be liable ae t depoeltezy only cad shall not be teaponeible for the <br />Infficienty or aaearacy of the form, es:ecuHoa or validity oP doamenp depwtted hereunder, or any <br />dgeslptlon of ptopertt y tlrlna Ihesatry nor ehna !t be liable Irt ariP z•eepeet oa nccwnt of the <br />Identity anthotitr ~.a pareom aurnting w deliverin¢, os Dvtp~ bo exeCate or deliver <br />any endb doc <br />& The Escrow Agent ebe71 avk be liable for colleetlon items antil the proceeds of the same to <br />acted CBeh have bees recetred; nor e8a11 !t be liable for the ddanlt to payprant o! any installment Of <br />principal os interact. noz the astlawln¢ of naq rights nndm the 8tatuke of I.imifations in respect to any <br />docameata deppoosited; nor for lrterest on sarrryp deposit of meaey. It maP zely upon any paper, document <br />or other wdtlag believed by jt to be antheatle is taaldng any delivery of mvaeT az property heteander. <br />B, The Escrow Agent aha- be mtttleddo reasonable compensation for lta eervlreaj may employ <br />attomge for the rensoasble protection of the escrow property and of Iteelt end ebalt have the ri¢ht to <br />retmbaree itself ant of w innde fn lta•posseeelon for coete ~, attarnq fen end Ib compeaastloa <br />and chair have a lien on aLL money, doeamente or property {add to escrow to cover same. <br />4, In aeeeptin8 any foods, aecurittee of doemnenta deLvered here®der, It to agreed nod under- <br />atord that, in the evsat v! dleagreament between the persona menFlened er pn'sosa elafmin¢ antler them <br />or any of them, the Eamvw A¢a~t, wlll nod dose, reserve the right to hold eD money, aeeurltlee and <br />properh fn Pta poeseeelaa, ~d nil rmpeta 1n eonnectton with or eontetnlD6 titL.esarow untD a mated <br />a¢roamest hoe Dsan reached between aU of ndd partlee ar natll delivery is le¢eay aat~orhed by final <br />j¢d¢meat or decree aL eosrt <br />Eracuted at.__.~ ~ G,?.,T Y'7 i ~.~. l FJ( '.~ ~ IJQX-1~..(i- 4,1~jr.~ '~- I l~ l~I,s -~' (v -f~i ; .` • v re, S- m ~ i 3i . f <br />...~___~__. ......._~...~' ..a..A__~.{..{_..._3__....._..... <br />Data...,_....~...._._._ ~.,.._..~.,,,.__ 8r-.-.~L.11 .... <br />~1 r / ~) ~c n'i'_p y <br />Approvedt 21t1e_~~,~CG (lS~cfDr~'r._.1!.~E3~~ l~~ ar~f /~. <br />__..._...~._......_.._.......__....,Y..M.._..._..__._......__ Names of <br />.......__.___~_,_.,._...._.__~.~_......---._......._.....____ and Gteetee. <br />_ Any interest earned in this escrow will he credited to the 124th Estates Partners.- <br />Escrow Agency's fee will be X250.00 payable at the execution of this agreement by the <br />Escrow Agent. Any additional time involved by Escrow Agent for such things as <br />disputes or continuing the escrow beyond October 1, 2003 will be charged at it's then <br />current hourly rate and deducted from the escrowed funds. <br />