2007-01-22_REVISION - M1987097 - Laserfiche WebLink

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5. The Lessee shall not assign this Lease nor sublet the property, or any part thereof, without the prior written consent of Owner thereto. No assignment, pledge, or mortgage of this Lessee's interest herein shall be made without the prior written consent of Owner thereto. 6. All notices and demands herein required shall be in writing. The mailing of a notice by registered mail to Owner at: The Augustine 7. & Margaret DeHerrera Family Trust P.O. Box 123 Tres Piedras, NM 87577 Or to the Lessee at Conejos County Commissioners P.O. Box 157 Conejos, CO 81129 Shall be a sufficient service thereof. 8. If more than one joins in the execution hereof as Owner or Lessee, or either be of the feminine sex or corporation, the pronouns and relative words used herein shall be read as if written in plwal, feminine, or neuter, respectively. V. OPTION TO BUY AND SELL REAL ESTATE The owner (hereinafter sometimes referred to as seller) hereby gives and grants to The Lessee (hereinafter sometimes referred to as buyer) the option to pwchase all of the described property for the sum of $232,737.96. The Lessee by giving written notice of intention to exercise the option within 60 days thereof may exercise such option at any time subsequent to the ninth year of the rental term of this agreement or eazlier upon mutual agreement of the parties. The pwchase price to be paid by buyer to seller for the property shall be the sum of $232,737.96. All rental payments will be credited toward the purchase price. Said purchase price is payable by buyer to seller as follows: with cash or certified funds on the balance. Possession of said property shall be on the date of closing. In the event of delivery of possession prior to closing, it is expressly understood and agreed that buyer shall not, and does not, have the power or authority to incw any liens against the property. Nor does buyer have the right to make improvements to the property or premises prior to the closing of this contract, except as herein set forth or later permitted. Public notice is hereby given of such lack of power; provided, however, that the buyer and his agent(s) shall be, and are hereby, allowed to enter the property for those purposes as may be agreed upon between the parties. The owner will within 15 days of the execution of this agreement provide a title insurance policy on the subject property.