2002-03-13_REVISION - M1979089 ‎(2)‎

• Permit No: M1979089
• IBM Index Class Name: Revision
• Doc Date: 3/13/2002
• Doc Name: Amendment Application
• From: Grand Junction Pipe & Supply Co.
• To: DMG
• Type & Sequence: AM3
• Media Type: D
• Archive: No

contract shall then terminate; provided, however, Buyer may, by written notice received by Seller,
on or before closing, waive objection to said unsatisfactory title conditions(s).
10. INSPECTION. Buyer waives any inspection and accepts the property in its current
condition without warranty, express or implied, except the warranty of title and other warranties
contained in the warranty deed referred to in ¶12.
11. DATE OF CLOSING. The date of closing shall be June 4, 2002, or by mutual
agreement at an earlier date. The hour and place of closing shall be as designated by Stewart title.
Buyer shall have the right to extend the closing up to 30 days upon written notice to Seller on or
before May 1, 2002.
12. TRANSFER OF TITLE. Subjectto tender or payment at closing as required herein
and compliance by Buyer with the other terms and provisions hereof, Seller shall execute and deliver
a good and sufficient general warranty deed to Buyer, on closing, conveying the Property free and
cleaz of all taxes except the general taxes for the year of closing and except None. Title shall be
conveyed free and cleaz of all liens and encumbrances except (i) distribution utility easements
(including cable TV), (ii) those rights, if any, of third parties in the Property not shown by the public
records in accordance with subsection 9(b), (iii) inclusion of the Property within any special taxing
district, (iv) subject to building and zoning regulations, and (v) land lease for cellular tower, a copy
of which is attached as Exhibit "A," which lease shall be transferred to Buyer at closing.
13. PAYMENT OF ENCUMBRANCES. Any encumbrance required to be paid shall
be paid at or before closing from the proceeds of this transaction or from any other source.
14. CLOSING COSTS, DOCUMENTS AND SERVICES. Buyer and Seller shall pay,
in Good funds, their respective closing costs and all other items required to be paid at closing, except
as otherwise provided herein. Buyer and Seller shall sign and complete all customary or required
documents at or before closing. Fees for real estate closing services shall not exceed $150.00 and
shall be paid at closing by the parties hereto, one-half each. The local transfer tax ofN/A% ofthe
purchase price shall be paid at closing by N/A. Any sales and use tax that may accrue because of
this transaction shall be paid when due by Buyer.
15. PROBATIONS. General taxes and assessments for the year of closing, based on the
taxes and assessments for the calendar year immediately preceding closing, rents, water and sewer
chazges, owner's association dues, and interest on continuing loan(s), if any, and none shall be
prorated to date of closing.
16. POSSESSION. Possession of the Property shall be delivered to Buyer as follows:
At closing, subject to the following lease(s) or tenancy(s): See Exhibit "A" attached hereto. Seller
shall have the right of occupancy and use of all buildings and improvements for a term of six (6)
months after closing without chazge. Such occupancy shall be upon the terms set forth in the lease
attached hereto as Exhibit "B," which lease shall be executed by the parties at closing. Seller shall
be responsible for all utility expense during such occupancy. If Seller, after closing, fails to deliver
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