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RCPTN # R8p55154 11/lF/RR 15:17:2R # OF PAGES - 3 FEE - <br />• M. RODENBERGER, RECORDER - LARIMER COUNTY CO STATE DOC EEE- <br />MEMORANDUM OF REAL ESTATE OPTION AGREEMENT <br />STATE OF COLORADO ) <br />ss. <br />COUNTY OF LARIMER ) <br />S9.gA <br />s. Ae <br />The undersigned, being first duly sworn upon their oath, <br />state that upon their own knowledge the following facts are true: <br />1. On the 15th day of November, 1988, WEAVER RANCH, INC. a <br />Colorado Corporation, the mailing address of which is 3000 West <br />County Road 70, Fort Collins, Colorado 80526 (hereinafter <br />referred to as "the Seller") granted to COLORADO LIEN COMPANY, a <br />Colorado Corporation, the mailing address of which is Post Office <br />Box 1961, Fort Collins, Colorado 80522 (hereinafter referred to <br />as "the Purchaser") an option (hereinafter referred to as "the <br />Option") to purchase the real property which is legally described <br />on Exhibit "A" attached• hereto and incorporated herein by <br />reference (hereinafter referred to as "the Property"). The <br />essential terms of the Option are as follows: <br />A. The Option provides for a term of one (1) year, <br />commencing on November 1, 1988, and ending on October 31, 1989. <br />B. The Option grants to the Purchaser the irrevocable <br />right, privilege, and option to purchase the Property from the <br />Seller. <br />2. This Memorandum of Real Estate Option Agreement shall <br />be binding upon and inure to the benefit of the parties hereto <br />and their respective successors and assigns. <br />IN WITNESS WHEREOF the parties hereto have executed this <br />Memorandum on this IS day of November, 1988. <br />WEAVER RANCH, INC., <br />ATTEST: a Colorado Corporation <br />`"Timothy W~ Hasler, <br />•.<'.Assistant Secretary <br />,' ~ .. , <br />BY. <br />F. <br />., <br />"the Seller" ~~ ~ ~~• <br />COLORADO LIEN COMPANY; , <br />a Colorado Corporati,on~•,' <br />J /' ~" . ' <br />Robert Schurger President' <br />"the Purchaser" <br />HASLER AND FONFARA <br />