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\J <br />~?~.~. ... ..~ .. .. .. .v, .~. .: .':.Y <br />V-. ~ ~ .. <br />F.. . <br />-, Th• purchase price ehsl: b• paid •s follaraE <br />' ~ e. The sum of upon tht execution of thi• <br />s~ agreemenc the receipt of rhich is hereby ac kaorledge. <br />b. TAe sus of Sn the fnr^ of a proaissory not• <br />bearing interest et the rate of eight (8x) per ennua end pai6 in <br />-~ the folloring manner. <br />1. The sum of du• and payable thirty (30) day• <br />from the date of execution o[ tfiis agreement. <br />2. The su^ of due end peyable~sixty (60) day• ,. <br />~., Erom the date of the execution of this agreement .. , <br />7. The sue of +ue and payeDle ninety (90) dare <br />frog the date of the execution of this agreement. <br />c. The R„~ ~-` psysble~ In the for^ of s <br />r:a~i~s~ry note ar.d deed of crust which not• shall 6e dne end." . <br />payaAle on s monthly bseis, end shall 6e amortised over • ten year'"~ <br />period bearing lntereee at a Bx per annum. Monthly ~Snstallasata- <br />on said note shall be due and. payable commencing on the t20at day <br />of the month subsequent to the execution of chi s.egreeaene,.aad oa.+. ; <br />each month thereafter anti] avid note-i• paid in~fu1l~aa !a hetaim•,.~~~~---~ <br />provided. ~ ~ ". <br />4. In eddaloa. to the fare o1n ~-~''~ <br />6 g Purehue prlbf, ![' ia• ~ :. <br />• <br />expressly understood sod agreed 6p and betreen the partie• hareis~~~." <br />thsc the purchaser shell poet as irrerocsbi• bond-ie the ant: o! <br />f10,000.00 rEth the Bureau o/ Lsod MseegeseaC, Lee~ar, Colorado Sm. <br />the name of Blue Pleme Coal Coapeny, Inc. <br />5. The purchasers agree that they shell acquii• end •ecrrr~~~~"-:'~ <br />the necessary mining peraita aad~licenae, [roe botM~ Stet• aad~ ~- <br />Federel •genr:les ss.aay b• applicable, end shall aaintaia ae all"::',:., <br />[ieas during the course of thi• agreement, appropriate ~rorYaem.'m~~ <br />coapensation insurance, end any and all other l!•-lltt~ iosacanet:~:~-::<';~ <br />ee ^ay be required by lar, sad ehs11 furchar lvdeatif~ the ssller.~:~"';~.: <br />herein fro^ any deaaga or ^onetarf.~clair rhlek p f.6e.paid. ~. ~~-" <br />6. Th• purchasers further agree that they shell pay' •lI <br />reel property, and personal propert)• is:as that nay be required bT~~. ' <br />county, state, end federal to:ing erthor2tlee •a6 shall not create' <br />any liens or encuaberences senior to, or !n parfarsnc• of, aellara <br />first deed of trust. It is the etpressed uoderatanding of the <br />parties herein [hat the :eel property and personal property tsxe• <br />due and owing for year 1987, shell be spportloead on the data of <br />closing. <br />7. It is thr further understeadisg aed•graament' o! thE•.~~~.r <br />partie• heraio, that shoald the parchasera'ercaratt; or eatcact.ee-•.~.~~;` <br />deplec• the afnersl ruourus at the beralsa~ore. ducribs~":~--~~" <br />property is axceea of 8,000 cone per •aava~ thi parchaser •Aa21:.:.'~:..i <br />reduce the principal beLac• of indebenao ia. ddltioa to~ ~ tht~~ ~'-~~;, <br />• <br />Z <br />..~- <br />