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<br />MINED
<br />/Ypi%AN7LAND
<br />CONTRACTTO DUY AND SELL REAL ESTATE.
<br />(Remadics Include Spociflc Pcrlarmancc)
<br />'ano~4 . Is-1!~-
<br />LT,e undenitnnlntenL hcrehl'nr4nowicJtca harint ro<eircJ from ~>• N /li nin¢rn_
<br />the aum ofjpn~ QQ in tlw term of
<br />~legoliabae-e11Mk tsLeheldLr euerl,aeer'e a•fnrnny
<br />broken In Lreker's eaerow ar treatne neem,nt, a corneal menep nnA port rnymnnt ter Lhe follewint Jearribed (.
<br />nnlaLe in tho County nf~ylLk Cnlnrndn,Mwit: k.~
<br />All that certain real property containing 1 100+ acres, adjacent to Colorado
<br />!'.ighway 0, Park County, Colorado, known as Slnowsto.rm Placer Mine Pft, and
<br />improvements thereon, including all gas, otl, mineral and mining rights and all
<br />mining w5ter rights, loo re particularly described on "Exhibit 1" attached hereto
<br />and all equipment listed on "Exhibit 2" with the exception of the category "Equip nt
<br />to be renbved from site".
<br />m,reLbrr with nil enaomentn and rich L. ahmy nhPU rtrnnnt LLnrnW, and ali impeurrmrnta p,rrcnn nnJ nli natures of
<br />• parmanenL nndne enrrenLly on the premiaea except ne hercinnfter provided, in their prevent eendiLina, ordinnry
<br />wanrand trnr rxeeplnl, and hrreinnftrrenllnl the rrnperLy.
<br />27'I,a un,laniana,l of {.,f•1(!hf M L M Mi of n9_(n
<br />(nn Jntnt Lennn L+/LennnU in enrmm~n), hereinnfter rnllvd Pu rchnaer, hernhY nRrea In buy q+r Property, and Lhe
<br />yndgHibbJ~11!>ZdJdd. hereinnftcr coital Srlira Imrehl• ntreev to veil Lhr Property open the Lorma and ennditinna
<br />aLnLed herein.
<br />7. T7w narebnao price ahnil Le U.S.} f ?~0.0(In QQ~pnYnlde na fnnnwv:} 2i.79g.DClwreby rcrciptrA fnr,
<br />to be held in escrow by Purchaser's attorney in an interest bearing account with
<br />internst to accrue to Purchaser. The balance in the amount of SG, 225,00 to be
<br />paid at settlement as follows:
<br />(a) 51,725,000.00 in cash or bankable funds at the time of closing.
<br />(b) The balance in 2 secured promissory notes; one an assumption of Seder's abl
<br />to Arthur D. f1cFa11 on an existing Deed of Trust and a second note and Deed of Tr
<br />paid directly to th¢ Seller.
<br />(c) Thc entirety of the two obligations ("the payment"), shall be for a term of
<br />nine years at the rate of l0Z per annum with interest only to be paid monthly for
<br />the first twcivo months following settlement, the first payment of wllitll shall be
<br />ret¢ived t-Hra~Q days following settlement and on each monthly anniversary tho real
<br />~Lommencing on a first annual anniversary of closing, payments of principal and
<br />shall eomme nee. Th¢ pa yn¢nt shall bn based upon a t'.i roct reduction amortization
<br />schedule of principal and interest. The monthly payment shad be based upon prin
<br />being amortized over oight years. The monthly pbyment shall bo SGfl,2fl3.90, more
<br />less as per the amortization schedule. The maker shall have the right of pr¢paym
<br />without penalty.
<br />~. rriretoinrmao: A11 mining wat¢r rights, ditch and ditch rights used in
<br />connection tll¢rowith.
<br />amt the fellowint wnler rithG:
<br />G. If n now Innn in Ln Le ohh,inal Ly rurchnarr from n third pnrty, Pnrehnner ntrrn Lo promptly and Aili(+nlly (n)
<br />nppiy fnr meh Inm,, (h) rserute nil doeumrnla vnJ furnixh nil infnrmnL)nn nnA deeumenL~ required hr Lbr Irndeq nnJ
<br />(e)pay LhremLnmarY ena4 ofebtninintverh Innn. Then ifaudi loon is nnl npproral en nr befurc .lulV 1. 1g69
<br />19~, ar if ae apprerni but is nM nrnilnhir nt time of a•Inaint, Chia eenlraet ahnll he null nmi void nnA all pnrmrnd and
<br />thinly of rnlue rercit•ed hereunder vhn II he returned le Rirchnver.
<br />E. If n note and trual deed nr mnrtlnrr iv to hr nvxnmrd, Avrhnarr alrre.+ In nnph• fur n Innn nnaumptinn if
<br />required and ntrrea to pay(rynlenn lrnmfrr frr not In e:reni} N!A and @)nn inlcrevt mlr
<br />net to raMnl S. per nnnu m. If the Innn to hr naaumrd pna prneiAnna fnr n abnrcd,rlully nr xnrinLlo
<br />Interest coley nr rnrinhlr pnYmrnla, Lhiv enntmcL in conditioned epnn 1'nrrbnarr rrricninl nnA eonm„Unt to aueh
<br />prnrininnv. If lhr icndrr'n convent to n Innn navumptinu iv rrvpiiral, thin rnntrnrt iv cenJi linnrJ upmi nLLnininl aueh
<br />nneenL withnnL rbnnEC in the derma and enn.iilidnv of aueh Innn except nn hem n proridal.
<br />7. If n note is b he made pnYnble In Seller n+ pnrgnl nr full pnYmcnL of the purehnne price, Lhiv eoMrnrt ahnli not
<br />be auitnn6le by rurehearr without written rennen t of Sclier.
<br />& CoatofnnTnpprainnlfnrlnnnpurpoaevtnlwobtninrdnftnrLhivJnLexhnllLepniJby $b11Cr
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