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fourteen (lA) equal annual insl-allments~os ti20,U~j!~.:I-U <br />each, including interest at the rate of seven and ore <br />half (??~) per centum per annum, such insta:U went-s t.o <br />commence one (1) year from the date of closing of thi.:~ <br />transaction and to become due on the anniversary of <br />such date for each year thereafter until i'ifteen (:L S) <br />years from such date of closing when the entire r-emai.n- <br />ing balance of said sum shall be due and payable iii <br />full. Such note shall be secured by a first lien deed <br />of trust covering all of the above described real <br />property and shall provide for unlimited prepayment <br />privileges from and after January 1, 1983. <br />It is further understood and agreed that in the <br />event Buyers, during the term thereof, shall experience <br />a casualty loss in operation of the business in ~a}iich <br />over 50~ of the then current inventory of fish shall. <br />die or be not acceptable for sale on the markei:s <br />normally served by said business, then and .i.n scicli <br />event, Buyers shall be permitted to defer payment of. <br />the principal portion of the note installment due :i.n <br />the succeeding calendar year and shall only be required <br />to pay the accrued interest on such installment payment <br />date. Said note shall bear on its face an indication <br />that it is subject to the terms and provisions of this <br />agreement. <br />3. Allocation of Purchase Price. The parties tiyree <br />that the aforesaid total purchase price shall be allocated <br />to the various assets to be sold and conveyed hereunder as <br />follocus: <br />A. Goocl-will consisting of the trade <br />name "Silver Springs Trout Farm", <br />customer listings, telephone list- <br />ings, all licenses and permi.t.s, <br />where transferable, and supplier <br />and customer good-will. <br />B. Agreement and Covenant Not to Compei:e <br />C. Equipment -- consisting of all <br />shop equipment, motorized equip- <br />ment, and miscellaneous ec}uip- <br />ment as enumerated on Exhibit "B" <br />$11,000.00 ~ <br />$]-0, 000.00 '~ <br />$65,000.00 <br />-4- <br />