PERMFILE107867 - Laserfiche WebLink

Home Browse Search

n u appraiser, the two appra. If the smaller of the FZ 908 of the larger FhlV set shall jointly select a t The cost of that third parties. Upon obtaining average the two close considered to be the FMS value as established by as established by those between the middle value lowest value as establi shall constitute the FM forth in this paragraph, revoke his notice of ant by giving written notice the Tenant elects to rev toward the purchase prat and neither party shall 1 related to this option received during that tam has elected to purchase above. 11.3 PAYMENT paid as follows: sals shall be averaged to obtain the FMV. V set by the two appraisers is less than by the two appraisers, the two appraisers iird MAI appraiser to determine the FMV. appraisal shall be shared equally by the the third value for FIr7V, the parties shall values, which average shall then be If the difference between the highest .he three appraisers and the middle value appraisers is equal to the difference as established by the appraisers, and the hed by the appraisers, the middle value After the FMV is established as set Tenant will have 15 days within which to ant, as set forth in Para ra h 11.1 above, of said revocation to the Lan ord. If ike the option, all monies previously paid by Tenant shall be returned to Tenant, ve any duties or obligations to the other purchase. If no written revocation is period, it shall be presumed that Tenant the Property for the FMV as established The purchase price shall be a. With his n tice of intent to exercise the option, as set forth in Para rah 1.1 above, Tenant shall also deliver to Landlord Tenant's proms sory note in the sum of 51,000, made payable to Landlord, sad note to bear no interest, and to be payable in full at closi b. One-third o the purchase price (including the monies paid for the promissory note, as set forth in Para rah ll.la above), as adjusted for ormal closing costs, etc., s a e paid at closing. c. The remain evidenced by a promissory said Note to provide for each anniversary date o payment to be one-tenth Note, plus interest on interest rate charged by business customers, said first day of each montY principal without penalty principal payment due. accrued interest shall be date of said Note. der of the purchase price shall be note to be signed by Tenant at closing, annual payments of principal to be made on the closing, with each s~:ch principal 1/10) of the original face amount of the the unpaid balance equal to the prime First National Bank-Fort Collins to its interest to be adjusted monthly on the Said Note shall allow prepayment of with any prepayment to apply to the next The final payment of principal and all due on or before ten t10) years after the