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<br /> <br /> <br />1 <br /> <br /> <br /> <br /> <br /> <br />1 <br />1 <br />1 <br /> <br /> <br />1 <br /> <br /> <br /> <br />Bb/l0/1999 22;31 970-953-6395 <br />• <br /> <br />PAGE B3 <br />7. 1! • no4 end Oust deed or mor[gage rs ~ be assumed, Parch aaer ogress to apyly for a Ivan assum Dion tf <br />required andsgreesto pay ^)a loan transfer lee eat to exaedl n~a and fy)an interest rate <br />not to eased n ~ d Ss ppr annum. If the loan to be eseumed has provtafone (or • ehered equity or vereable <br />mtereat rates or variable payments, thts contract a conditioned upon Parehaaer reviewing and consenting to each <br />proviaianc. 1(the lender's consent to a Inan nsaumption is required, this contract a eondhfoned upon obtumng such <br />comen[ wichou[ change in the [erme antl conditions of a¢ch loan except ae harem provided. <br />8. I/ a note is to be made payable to Seller as partivl or toll payment of the purthsae sect. tMS contract ehdl not <br />be aeaigneble by Purchaser without written consent or Seller. <br />9. Cost of my.ppniul for loan purppa.a to b¢ obtnned aRer this date shall be paid by <br />to Fd{gtpr{rfdt~¢I~f•hNdrllobY[i.,~hllp{qn{/gtd.Dt/a current commitment far ti[I<[naur.nee policy in+n <br />ant equ.l to the purchsee price, at Sellar'e ON~~~r expense, shalt he lurniahed to Purchaser on or before <br />a Fehze lv?BlrfitlJ~i4f~Yaf~drAi'i96/riitr~f~d~f'iahff~9MMiiMd~J.s.u.rwu <br />deliver the title ineurenca yohcy to Purchaser alter closing and paT the premium thereon <br />n The Gate of <loeing ehsll b<the date !oe delivery of deal .a prordtled in paragraph 12 The hour end plan M <br />closing shell be as dorgna[ed by mutual ay a ant , <br />12. 'Lich shell be m¢rehan[able m Sailer. encept m rtated in this paragraph and Sn paragraphs 33 and ta. 9vbjeet <br />[o payment or cendez~ as shoat providatl and tom pleenee by Purchaser with the ocher terms .nd prorisione hereof, <br />Seller shell execu[e Intl deliver • Rvod and sufficient 4e oral oar runty tleed to PDiCh uer on <br />June 1 , I9 98 , or, by mutual agreement, at sn earlier date, conveyigp slit Property free and <br />clear of dl texts.except the general taaw for the year of dasmg, and except n0 except loR6 <br />free and clear of all liens car sptcial improvements installed se of the date of Purchaeer'e signa[ure hereon, wha[har <br />u.eued er not; free antl clear o7 all liens and encumbrances except <br />no exceptions <br />except the follewnng restri<[ive cuvmmte Which do not contain • right of reverter: <br />none <br />i <br />' end o«pt[helollesving sMmbc recorded anmor ayyarenteuemen[s: <br />~ those specific recorded easements shown on the Title Documents <br />I~ and aubjeata building and zoning regulahom~ <br />19. Eaeepe.utatW mparagrayha l2 and ll, tltitle es not merchantable and written notice oldefmt(q is given by <br />~ i Purchuer or Purchuer'e agent tc. Seller or teller's agent on or before dyt< of closing, Seller shell use reuoneble <br />i effort to correct said defect(s) pnor to dace of closing. If Seller ;a unable to correct aped tlefect(y on or before dote of <br />timing, .t Sa!!ar i e?tier. antl u rr. wri:re:~ nu:ce to Pur;h.+r¢r or F'anS+>-r'-.~.gen: ov, e: ;:d„ra do [c of <:os:ng, eF.< <br />j date of dosing shall be extended eh,rty dayafor[he purpoaa o(cortecting acid defact(a). Excep[ua[eead in paragraph <br />I 19.1(tltle le no[ rendered merchantable ay provided m this paragraph 1J, at Purchuer'e option. chin contract shall be <br />1 void and of no alfser and each perry hazero shell be released hom aU obligattona hereunder arM all payments and <br />it things of value rece[ved hereunder shah be returned to Purchaser. <br />j 14. Any eneumbran<e required to be paid may be paid et the time of aettlemen[ from the proceetla of chit' <br />i tr¢nyettion or from any ocher source. Provided, however. n[ [he option of e¢her putt', i( the W[al mdeb[edneas <br />~i secured by liens on the Property exceeds the Dmehnae price,ehia cpnvact shall be void and of no effect and each party <br />i hereto shall be relearedfrom all obligations hereunder end ell veymente and things o(value recmveu nereunder shall <br />be returned [o Purchaser. <br />t4 General taxes for the year of dovng, bayed en the moat rernnt le+'y and the most recent aeaeasment. prepaid <br />rents, eater rents suer rents. FHA mortgage msurance premmms ana mternt on u.rumbrances, J any, end <br />! nothing else <br />i shell be apyortioned a dace of delivery o[ deed. Purchaser shall be resDOnsible for any salsa and use ux that may <br />~ snrue became of this tremamon <br />li I6. With r¢apeeetothe growing crops Seller end Purchaser agree as Follows: <br />I <br />none <br />.. <br />i <br />'I IT. Poauauon ofthe proper[y chair be delivered [o Purchaser on <br />day of closing, except that purchaser may enter nnnn the property <br />'~ evbja<eWths [ollowr:g leases or tan¢neisa: t0 conduct inpectlons, surveying, 6ni1 <br />I no leases tests and the like. <br />I <br />[! Seller feels to deliver poeeeseion on the dote heeeen specified, Seller shall be eubf e<[ [o eviction tied shall ba linbls for <br />a daily rental olEit/a until posa¢ysian is delivered. <br />j' Ig. Th. r;.4 of lot. from any damage to the emprovementa by (ire er other coca alts prior to the date of efonng <br />shall be on Seller; provided. ho~e~c r, that J Salle: m.an mamtsrn insurance on and improamenta whmh will <br />rempanuta !or the full raplsreme tit aloe thono/, and if Purchaser ele<[p b carry out [hie contract desDt[e such <br />damage, purchaser shall be entitled ro all such Insurance prpceeda: lTe rish of lose for any damage to growing trope, <br />by firs or other usvalcy. shall be borne by the party antmled to said trees ae Dronded in pvaRaph 16, and each party <br />chap be entitled to the inmranw pro uda, it any. <br /> <br />