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<br />S by ruchaser's assuming anJ agreeing In pny an existing Inan In Ihis approxinlare amount, presently payable al
<br />S per including principal, inleesl presently el A per
<br />anOUln, call lnrdllJingeSCmWfnf lire fOI111W Ing 0.x InJlCalyd: ^rCale5lHle telex, ^pmpelly lnxUranCe pl[IrlNlll. I~IrlUllgag[In5U1011Cf prfn11111r1.
<br />anJ
<br />rurchnscr agrtes
<br />hr pay a loan transfer fcr unl m erred S . At the lime of assnmptiou, the new intaesl rate shat I not esceed A-
<br />pcrannum nnJ lie new paynum shall not rzcecd S pins escrow, if en)•.
<br />Selin I]sbnll shell ma be relesseJ fmmliahilily on seiJ loan. if applice6le, compliance with llm reyuirenrenls for release frunlliubility shall
<br />k n~iJenc<J by Jciisery al closing of appropriate klter from IenJer. Cost payable fur release of liability shall be pail by
<br />let Seller or Prhat[ 7 hied-Feely Finnndng.
<br />in nn amount nnl to exceed S
<br />Purchaser executing a pmmissnt y note payable la:
<br />^Right-tu Cure NlU 82-II-83 pNu Righ45n~Cure N7URI-11-R] L7
<br />on the note form as indicated: fchttk une bast
<br />SeC11rfJ hY B (151, 211(1, tlC.) deeJ of Inrst ennimbering Ilre rmpany, using Ihr fonu ex indicated: Ichrck one bus)
<br />Svicl Uue-on~Sale IlU 72-11~R3) ^ Credinvorlhy (I U 71-I I-R3) d Assumable-Not doe on sale ITU 74-I I-AJI
<br />U
<br />1 he promissory note shell be emolli¢ed on the basis of yenls, payable RI S per
<br />inrhuling principal nnJ imeresl et)he rRle of N, per annum. I'nyn¢nls stroll wnuntnce
<br />anJ shall be Jue nn the Jay of each snareJiug
<br />If nut :.Tuner pail, the balance of principal nm1 ncuued inlemsl Shelf be due and payable
<br />abet closing. raynrents ^ shall ^ shall not be increase) by of estimated annual real estate (axes. a1d ^ shall ^ shall not
<br />he inrrensed by uhestinmled nnnualpmpetly insurance premiuur.
<br />The loan shall a{so cnnfain the following Icons es indicate): If any pay'urcnl is coq receis•eJ within ~ ralalJar days after its due Jalr, R lase
<br />charge of rb of such payment shall be Jue, Inleresl nn leader disbmumenls unJer the Jeed of IruSt shall be lF
<br />per annum UefvJl interest tale shall be %per Rnnnnl.
<br />Purchesrr may prepay Withuul a penalty except
<br />4. FINANCING CUNl11TIQNS ANIT ORLICAT10N5. In)Lnan hpplirnllon(e), If Purchnscr is la pay all nr part of the purchase price es Sal
<br />fm Ih in section .1 by oLlRining a new loan ur if en existing Ivan is na In br released nt closing, rurchnscr, i(requireJ by such IenJer, shall make writlor
<br />application within calendar days frmn acceptance of Ihis contrarl. Purchaser shell conperale with Seller anJ larder Iv obtain loan eppmsal,
<br />diligently nnJ timely pursue same in gad faith, eaeaue ell drrcun¢nts end furnish all infornlalion and documents Icgvired by the IenJer, anJ, subject to
<br />srrtian J, timely pay the costs of obtaining such Inan or IenJu cansenl.
<br />(61 Laan Approval. I f Purchaser ix to pry n II nr part of the purthnse pl ice by obtaining a ucw Inan Rs specif led in seclinn J.Ihis contract is amdiliuml
<br />upon lender a approval vl Ihr new loan nn or before , 19 - . If nut so npploveJ by sail dalC, Ihis anlh act shall
<br />Ire urinate. I f the loan ix so nppmscJ, bur such proceeds art nut axailabie W purchaser ass require) in section S IGard FnnJs) al the lime of closing, closing
<br />shall he etlrnJrJ une rime fra calendar days pro( to acerJ(5l five). Il sufficient funJs are nnl Ihen available, Ihis contract shall icnninate.
<br />Irl F.llsling-I,oen Rrvlew. If an existing loan is nut Io be aleaseJ al closing. Sclier shall provide copies of the loan Jocwnentx (including note,
<br />JccJ of Iwsl. uudificalivnx) h) Purchesrr within ralenJar days farm acceptance of Ihis cunlracl. 1 his mm mcl is conJilinnal upon rur-
<br />cbascr'x rrcicw nnJ approval of the provisions of such Ivan dlxumems. l`u¢haser consems Io the provisions of such Iwo J(xunlrnts if no wr illen nhjeninn
<br />is rariseJ h)' S<Iler ar Listing Company faun rurchaser within calendar Jays from Pmdmser'x receipt of such documents, If the Icalel's
<br />nppmx'al nl n bans(n nl the Repel ly is required, Ihis canlacl is amJil ioual nrym Pnlchnsrrk ubinining such appnn:xl without change in IhC terms of sorb
<br />loan, err<pl as scl forth in seniun J. If lenderk approval is aN obtained on or tre(ure , 19 ,Ihis
<br />nunlnn shall be ter minmeJ an such dote. If Sclier is to h< released from Iiobilily unJer such existing Ivan RnJ Purcha:er Jo<s nut obtain such cmnpliance
<br />ass scl lorlh in srrtinn J, Ihis nmlmcl play lx to urinated al Shccr's option.
<br />(dl Aisumpllnn RRIROC[. 1(rmCI105Q Ix 10 pny ell nI part Of tlIC pUfC1105e pr ICC by 8x5Ulrrlllg Bn rxlSling Inan IDIJ If Ihr aClUal p110CIPPl balance Ill
<br />tl¢ criaing Inan nl the Jale of closing ix Iris tlwn the anurunl In serlion J by more Ihan S ,Ihen Purchaser nlay kuninale Ihis
<br />roman elfectiee uplrn rcttipt by Seller or Listing Company of Purchaser's written notice of mrminmion.
<br />Id G[dR Ldormnliun. 1f Purchaser is to pay all or pat l of the purchase pr ice by execming a pmmissoq~ auk i n favor of Seller or if en esisling loan
<br />is nut hr lx rclraseJ at closing, Ibis enn6ncl is conditional upon Seller's apprrrval of rurchasrr's f inancinl nbilily and creJitwmlhiness, which nppmsal
<br />shall be al S<Ikr'x sole anJ absolute discretion. In such rase. 14 Purrhnser shall supply to Scllrr on ar befine ,
<br />I9 , m Purchaser's expense, infmmatinn and docmnens concerning Purchaser's financial, ouploynrenl Rod creJit anrJilion; 1111'urchascr
<br />consents tllal Srl let may sv ily Purchaser's linarrcinl nbilily and neditwnrihinessa )) mry such infonnnlivn and shrcun¢nk mtticeJ by Seller shall hr hdJ
<br />by Srlln in euulidcncq nnJ nut rcleaced lu others except In purlert Sella b Inremsl in this trmisacliurr, (A) if Scllu JITCS nut pmriJc sn itlrn nnlim of
<br />Srllrrk Jisnppmcal In Purchaser on or Ircfure , 19 ,Ihen Scllrr waives Ihis nrnJitiun. I(Selln Joes
<br />pnwide written notice n(Jisnppmcal lv Purrhnser nn or be lure Said Jale. this rnnl reel shall lerminnle.
<br />S. GODU FUNIhS. All paymenu required al closing shall be male in funJs which comply wil6 all applicanle Colorado lows.
<br />R. NOf AS51GNAliLF.. This conhncl shall nW Ire assignable by Purrhnser withom Sclln's prior written nrnsent. Exc<pr es so rash ineJ. Ihis
<br />annrnct shall inure to the benefit of end he binJing urym the heirs, personal represrnlalives, successors nnJ nssgns of the parties.
<br />7. F,S'IUF,NCF. UFlITLF,. Scllrr shallfurnishfol'urchnser,mSeliereexprnse, eitberncurrtnlcmnmilmenlf rowner'S lilleylyfna r prdicy in
<br />nn y{~gmr <ynol to rhr purchase pr ice ar nt Seller's choice, an absvacl of title cerlifieJ Iv a cwr<nl dale, on or Fxfwe ~~rC^ ~flQ ~~ ,
<br />U 7U , If a tide insurance cormuilnlenl is fanisheJ, Purchaser may require of Seller Thal copies of inslrunwnls (or ebxnacls of inslrumnns)
<br />listed in the schedule of exrrptions {F,xceptions) in the Title insmnna commitment also fee furnished lv Purchaser al Sellers rxllense. phis requirement
<br />shall prnain onh~ to hr.grumems shown of record in the office of the Berk Rnd recorJer of the designated coupy or coumies. The line insmanre
<br />amunihncnt, together with any copies or abshsns of insnunrcnls famished pursuant to Ihis section 1, cunslilule the title ducumrnJ~s Il ille 0ucmrremx).
<br />Purchaser arose Irquesl Scllrr In furnish copies ar abstracts of in.ctrunrents IisteJ in Ihr scheJulr of exceptions no Ieler Ihan Z celulJer Jn)s
<br />after I'urchoser's rrreipt of Ihr title Insurance cammihnent. If Salle fwnisnes a title Insmentt mmmilmenl, Scllrr will have the title Insurance policy
<br />drliureJ In Puchaser ax s(qn es pmrucRble Rfler closing and pay the premium al closing. ~ - ~ ~ '
<br />R. 1T TLF.. Inl TI(le Rerlew. Purchaser shall have Ihr right la inspect Ibe lilt[ Uoculnenls or ebshecl. Written notice by Purchaser of
<br />unnlcrrhemebilily of rifle or of Rny other unsRlisfadvey Idle Condit nn shown by Ihr iillr baumenls or ebslfecl shall fx signed by or on behalf of
<br />Purr baser and gi+rn m Seller nr Listing Canpnny an m lxfnre calendar days after Purchaser's receipt rd'l hlr Uxunlenk ur abVrad, nr
<br />u4lhin list (51 ralaular Jays after receipt by rnrchas<r n(any 1'irla Usrcumelll s) nr endnrsememfs) adding new lixrrpliunfsl la the title arnnnilmenl
<br />nlenhrt w ilh n aq~s of the I irlr I h¢mnun adding new Gxceptionls) In title. If Sella or Lisl ing Company does our receive Pmchamr's notice by the delete)
<br />gerilittl alone. I'unhascr shall he Jeaned In have acc<ptal the rnnJitinn of title Rs JiscloseJ by the 7 itle Docwnenls es satisracrory.
<br />NIT. CIL53/pr-5-g9. 1'Rge 2 of 4~ ~ y
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