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<br />ESCROW RECEIPT
<br />The uodaelgaed Fbrrow erg®t aclmowledgee receipt from
<br />Valley Bank & trust
<br />• 11~11~1~4t5 Shelridarn(-1B $ltvfldll~r~
<br />vrtha followtoS GeeCtl~l~~0~e, ardaey,YidMmante or property, to-wit:
<br />Transfer $20,000
<br />RECEIVED
<br />SEP 2 5 ~OD2
<br />_ n;v;dr,n nt Minerals and Geology
<br />Permit#: (1~-~I-C7$S Confidental?: _iJ _
<br />Class: RPVmi~ Type-Seq.:_----_-----_
<br />From: t,TO: ~1;1
<br />Doc.Name.~'~L ,t (N~lcl.,din ~ {~Wr1lCr
<br />Doc. Date (if nddate stamp): Q -Z5~-p2 ~ Yi~h~
<br />whtefi !t stress to Enid m Dae-sw Agent order the loaowing Inatructione, kawlt;
<br />On or before October 1, 2003, Tom Krueger or another designated representative of the
<br />Henderson Water•Ski Club will certify that the 124's Estate Partners have met the
<br />conditions of the agreement and funds will be released to the partnership.
<br />Attachments A & B
<br />But subject, however, to the kwtne, as:ceptloan, provlslona, and condltiona Detefnnttaz stated which ere
<br />acceptable to and approved by ell of the parties by neeePtfa¢ ilrle receipt:
<br />L The Escto74 Agent aha)! be liab}e e6 a depoeltary on1T sad ehsa sot be zeepoaeible for the
<br />eufficlendy err accuracy of the form, es:acuNva nr veltdityy of doeumeata depoelted hertundtr, or any
<br />dporlptloo of Pr'oPert7 or other thins thtsafn, nor ahea ft be liable in eaT xeepeet as accouaf of the
<br />Identitf aathorlty or rights o! the perwae azemting or deavertng, or putporth,r to assure or deAver
<br />eny such docameat tR papas.,
<br />& The Secrow Agent shell sot be rmbte for colleetfvn items until the pxoceedn of the same fa
<br />actual aleb have been tecrlved; nor aBa11 it be )fable Far the defaWt !n eat of say installment of
<br />prlntlpal M lateraek nor the ost]aw3n¢ r2 naT rights uadex tfie Btatutr of IAmitatiaas W respect to any
<br />documeete deey~nealta i avr for fattiest oa annyy deposit of mosey. It may rdy apon aaY papas dvcumeat
<br />or other Ftitll,g batievad by 1t to ba tnfdlenidc fa amY3ag any dellvety of mvaq err property ~hevennder.
<br />& The Deg)vw Agent sbaB be aatltled•ty tamonabla eompeaaatlon fm lta servfuai map employ
<br />sttotaey6 !or the xeasoaabte pmtectiw oI the escrow property and of Itea6 and shall have the right to
<br />telmburw Itself oat of w fnad6 m Ita•poneeelon for water a u, attorney few and !b eompenaatloa
<br />and ehaB Gave a Lan vn a~ money, doetoaeate or property ~.ai~eaetow to coos' same.
<br />d, In aeeepting say fonds, aeenritiee yr docameata daUvered heremuter, It L agreed and under_
<br />stood fiat, in the avant of dieapreemant between the persona tnenffoned or petaoaa rlaimiag under them,
<br />or any et them, the Escrow Agent, wm and dose, reserve the right to hold oB moony, aecm-ldee and
<br />property In fte poe~e~~ion, and all papers la wnoectlaet with or eonaatniar ~t~eecraw~~~ed bm fl~aal
<br />agteemeat hoe bean reached between all v1 enld parties or antB dellvary ie y
<br />judgmaat of deuce of eoart. f
<br />;
<br />~f's•~ rv ,n 5 e-v~ ~?
<br />R.Y.ecated at..._~7_.__._..._.._J......_....~~~.
<br />Date......._.~......._.__-._._...._,~_ ......................_.~
<br />Avprovedi
<br />
<br />8TH^/~^/-~ ~ -•r~,•~•.... .w........ ~~,(.l-P~T~d" ~~ _a'^~o"-"I~=
<br />Tttta~ r'~~ ° ~~.~~."._..°:.~`r,~, (~iC~~l'r~S,t~.~t~-IfruFL7~~ce,,
<br />_........._+._~.~.~___._.__~._...._...._._._.......~.-- _ tiamae of
<br />_._....._.,........_._~__.~...... .............._....~_~._~..~.~_ Depveltore
<br />_.____.__,.__..~_~_....~,._.......~.....~..~_.,..._...__ and Grantee.
<br />Ariy interest earned in this escrow will be credited to the 124°t Estates--
<br />Partners.
<br />Escrow Agency's fee will be $250.00 payable at the execution of this
<br />agreement by the Escrow Agent. Any additional time involved by Escrow
<br />Agent for such things as disputes or continuing the escrow beyond October
<br />1, 2003 will be charged at it's then current hourly rate and deducted from the
<br />escrowed funds.
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