|
29R IS. I'RORA'1'IONS. The (ollow~chall he proralcJ to Clnsing Datt, except as »lher~rovided:
<br />299- a. '1'nxes. Pcrxnnal propcn s, if nny, mul general real estate taxes for the yea using, haled nn
<br />300 ^ 'T'he 'l'oses fur the Calendar Ycnr Inuucdialcly Preceding Closing ~ The hlnsl ecenl Mill levy and Mosl Recent Assessment
<br />-3UI O OIher
<br />302 h. 1(enls. Rents hasc(I on ^ Rents Aclwllly Received ®Arerued. Security depnsils held by Seller shall he cre(liled In Ruycr. Seller
<br />303 sll:lll 1xSlgll 111 leases In I)Ilyer ail[I Il11yCr x11111 axSIII»C xlleh leases.
<br />3(14 e. Olhcr Prnrdions. Wafer, xC\1'Cr [I11rgeS; illlll II11CfCS1 1,111'(Illhlllllllg hltll(S), If 111); un(I anY other amounts customarily
<br />305 prorated in similar trar)sactio))s !r) tl)e De))ver metropolitan area
<br />3116 d. flnnl Srlllemenl. Unless otherwise agrcc(I in writing, Ihcxe promliuns shall he final.
<br />307 16. POSSCSSION. Possession of the Properly shall he delivered to Ruycr nn Possession Dale m,d Possesslnn'lime (§ 2c), subject to
<br />3(IR tltcfollowinglcnu(x)orlcnancy(s): any existing leases.
<br />3(19
<br />3111
<br />311
<br />312
<br />313
<br />31.9
<br />315
<br />]IG
<br />317
<br />31R
<br />.119
<br />320
<br />,121
<br />322
<br />323
<br />324.
<br />325
<br />32G
<br />327
<br />.12R
<br />329
<br />3311
<br />331
<br />332
<br />3]]
<br />334
<br />335
<br />33G
<br />337
<br />33R
<br />3.19
<br />3411
<br />341
<br />342
<br />343
<br />744
<br />345
<br />346
<br />347
<br />34R
<br />349
<br />350
<br />351
<br />352
<br />351
<br />354
<br />355
<br />35G
<br />357
<br />35R
<br />359
<br />3G(1
<br />3G1
<br />362
<br />3GJ
<br />364
<br />]fi5
<br />366
<br />367
<br />36R
<br />369
<br />370
<br />371
<br />372
<br />373
<br />374
<br />375
<br />376
<br />377
<br />37R
<br />If Scllcr, after Closing, fails Io deliver pnsscssirn, itS xpCelRCll, RCIICr .dID11 hC xllhjCel In CVII'llnn allll Shall he nddlhnllally liable 10 Rl,yer fOr
<br />payment ul' R 500 per day tram the Ibssrssion Dale (§ 2c) omit possession is delivered.
<br />17. N(~ ASSICNAIN,R. 9'hix cnnuncl shall (sM-hc assignable by Ituycr withnw Scllcr's prior wriucn consent. (ixcept as su restricted. this
<br />cnnhact shall inure Iu the benefit of and he binding upon the heirs, perxPl, ill feprCSCnIn11VCx, xl,el'Cxxnrx nild axxlgtlx Uf II,e pal'IICS.
<br />IR. CUNDI'I'ION Of, AND DAM11AGF,'1'O 1'RUPCR'1'1' ANU INCi.IISIONS. [ixcepl as nlhenvise prnvi(Icd in Ihix contrncl, the Properly,
<br />Inclusions »r bulb shall be delivered in the condition existing its of the dale of Ihix contract, ordinary vicar and Icnr excepted.
<br />:1. Ulsuahy; hlxllralll'C. 111 the CVCI11 the P(Dherly nr ll1e111S11111x shall be 1111naged by (IfC Ur lldlcr l'axllnhy prllll' I(1 (.II,SII,g, III ail amount
<br />of not more Ilan Ica percent of the opal Purchase Price, Scllcr shut ~x p?I I r~r{mir the same hefnre the Clasing Dalu (§ 2c). ht the evem
<br />such dam;tgc is nnl repairrd within said time nr if the damages ex(. pert ~i(, I ~aFmlmcl may he Icnninnted aI the nptinn of Ifuycr by dcliv-
<br />criug to Seller \vrillen nulicc of Icnninnliun. Shrndd Ituycr elect u, ow Ihix cnmmcl despite such dantlge, Ruycr shall he entitled to a credit.
<br />at ('losing, for :Ill the insurance proceeds resulting linen such d;uniI~f~,IQ~Ond Inclusions plyahlc to Scllcr hul nut the owners' assnci-
<br />ilbnll. Ifally, pl(IS IItC a(„»11111 of any (1elIIIChh1l` prnvlllCd (»f III xtlCh lltxilfalleC pn ley, x11011 Cfelhl IIOI l0 CEI.'CCd the Iftl ill PIIrCInIxC Price.
<br />b. Uamupe; Indusinns; Services. Should any IncbhlA(r~ {{ ~, ,cl cling systentx and compnnenls of the Properly, e.g. heal-
<br />ing, plun,hing, clc.) fail nr he dmm~gcd hcnvccn dlc dale of Ibis contract ant nsTi,~ f~~I~sCSi1011, \v 1110110 VCr Shitll bC CIIrI1Cr, II,1.•» SCllcr AIIi11I hL`
<br />11;11,10 f»r IIIC rl'pall' Ur ICI)I NI'CI»0111 n( xlll'h IIl('hlxl»II(x) nr SCI'1'll'C(S) \\'llh a 111,11 of x11111 hIr SILC, :IgC mill Ihlahly, (If :111 Clhllv;l1e111 l'felh 1, hill 4111y
<br />Ill IIIC Cxll'r11 Ibm IIIC »»II»ICIIa11CC nr rep11CC111C111 (I( xlll'II hll'hlxl»11(x), xC(VICC(x) of Rx111fC(S) IS Ilnl IIIC fCSpnilxlblhly Ilf IIIC l,W llerx~ 1xSnCIr111011,
<br />if i1ny, Icss any insurance proceeds reccivrd by Ihlycr covering sorb repair or rrplaccn,enl. The risk of lass for any dantagc In growing crops, by
<br />I'irc or nlhcr cnsu;tlly, shall he hnrnc by the piny cnlidcd lu the gn,\viug craps, if any, nx prnvidcd in § 3 and such early shall he cnlitlc(1 lu such
<br />insurance prnrceds or henefils far the growing crops, if any.
<br />e. 1Valk= I'Ilruu7(h; 1'crilicallon of C(nuliliou. Ituycr, upon rcas»nahlc nulicc, shall have the right In walk Ihruugh the Propeny prior In
<br />Clnsing In verily Ih:u the physical condition a(Ihe Pmpcdy anJ Inclusions complies a•ilh Ibis au,lrael.
<br />19. RI'sCOM11A•IRNDA'I'ION Or hR(:AI,AND'I'AX COIINSRL. Ily signing Ihix ducun,em. Ruycr and Scllcr ncknowlcdgc Ihnl the Selling
<br />Cnmpiniy or the Listing Cun,pnny has :rdviscd then Ibis Jocunmm has iutporlnnt Icgal ttu,scyucnccs mxl has rccomn,cndcd the cxnminnlinn of Iillc
<br />and cnnsullalinn wish Icgal and lax nr nlher Cn1111xC1 hC(nrC xlgplllg IhIS ('Ulllml'1.
<br />20. '1'IMR OR RSSENCE AND REM1IRUIFS. 'I irate is of the essence hncof. If nny nom or check received ns Gnntesl Money hereunder or
<br />nny other pnyntcnt due hcrcun(Icr is na paid, hnnorc(I or lcndcrcJ when due, or if any otl,cr ohligmi»n hereunder is nor pcrforutcd nr waived ns
<br />herein provided, Ihcrc shall he the following remedies:
<br />a. If Ituycr is in DcfnulL•
<br />^ (I) Specific 1'erR,nuance. Scllcr may elect In tram This cnnlracl ns canceled, in which case all pnymenls and Things of vuhrc received
<br />hereunder shall he forfeited and relnined m, hehnlf of Scllcr, mtd Scllcr may recover such damages ns may he proper, or Scllcr may elect In treat
<br />this canlracl as being in full force and effect aul Seller shall have the right In specific performance nr d;nnngcs, or loth.
<br />^ (2) Liquidulcd UamnRes. All payn,cnls :tad Things of vlhrc received hcrcun(Icr shall he forfeited by Ruycr and rclnincd on hchal(of
<br />Scllcr nnJ hull ponies shall Ihercafler he released fnnn all ohlignlianx hemunder. h ix ng,ecd Thal such rytyn,enlx and Ihingx of value arc LlQlll-
<br />DAI'f_U bAMAOI:S nnJ (except ns prnvide(I in subsection c) arc SCLLLR'S S(ILL• AND UNI-Y RGMIiDY for Ihrycr's failure In perfnn» the
<br />nhligalions of IIIIS l'n III CICI. SCllcr Cx prCSAly \vnl VCx IIIC retl,C(IICx Ilf xpCCl flC pcrfnfllamCC nlld mldlllOn;11 (In ITagCS.
<br />b. If Scllcr fs in Uefnull: Ruycr nay elect h, heal This contract ns canceled, in which case all payments and Ihingx al value received
<br />hereunder shall he rcutntcd and Ituycr may rcan'cr such damages as may he proper, nr I)uycr may elect Io trcnl This c»ntracl ax being in full force
<br />and efl'ecl and Ruycr shall have the right m specific perfnnnance nr d;uuages, nr hmh.
<br />e. Culls and lixpenses. In the event nl' nny arhilralinn ar liligalinn relating la This amlrncl, the arhilralor nr cum, shim award Io the pre-
<br />vailing party all reasonable costs and expenses, inchnling 111or ucy frex.
<br />good f:ulh Ill Clrhr111I the I11aIICr 10 n1C(11:IIIU11. MClhahml IS ^ pf(A'Cxx III Whll'II IIIC l%IIIIL'x ^ICCI wish nn im ar ~ yccenH-w ps m rcxnlvc the
<br />Jispule inli+nuolly and confidentially. hlcdi:ours clonal imryac binding Jccisions„11te.-parriesyr7 l IFp11IC ,111151 ng1'cc hl'f111C 011y SCII I('nIC1,1 IS
<br />binding. 'I-he panics will jointly nppninl 1n accc~lahlq Inediamr and~a•III cfil~i equally in the rn.d of such me(lialion. 'T'he n,edilliui,, unless olh-
<br />crwisc agrcc(I, shall Icnnipalc in~Jhre~ertrtlic cmirc dispulc is urn resolved 30 cnlcndnr days from d,e <lam wriucn nulicc rcqucsling ntediitliou is
<br />--^--r--r-'-~ -- --
<br />22. RAI(NI?S'I' M1IUN~Y DISPU'I'f:. Nnlwithslmuling 1ny tcnninatinn of This contract, Ruycr and Scllcr agree Thal, in the cvcm of any con-
<br />Imvcrsy rcg:mding tltc Gnmesl Money and Ihingx of vnluc held by broker nr Clnsing Cnmpm,y (unless nurlunl written instruclionx me received by
<br />the holder of the Gvnesl Money and things of value), broker nr Clnsing Company shall nut he required In lake any nclinn hW may nwnil nny pro-
<br />ceeding; or m hn,kcr's or Closing Company's option and sole discretion, nmy inlerplead all panics and deposit any moneys or Things of voluc into
<br />1 coon of am,pclcnl jurisdiction and shall recover court crosls aul reasonable nmm~cy fees.
<br />23. 'ITRh11NA'I'ION. In the evcm Ihix cnntma is lenninatcd, all pnymenls an(I things of value received hereunder shall he rcwn,cd and the
<br />parties Shitll he relieved of all nhligmions hereunder, suhjecl m §§ I(lc, 21 and 22.
<br />24. ADDI'1'IONAI, PROVISIONS. (Tl,e langungc o(Ihcse additional provisions has not been approval by tlteColoredo Real Lslnle Colnrnission.)
<br />See t)te Rider.
<br />// ~// 1 v+
<br />
|