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<br /> <br /> <br /> <br /> <br /> <br />1 <br />it <br />I 1 <br />i~ <br />I <br />I 1 <br />1 <br />i~ <br />ii <br />i~ <br /> <br />I' <br />06/10/19913 2?: 31 9]0-¢53-6395 <br />• <br />• <br />PAGE 04 <br />19. Tmeisofthe aesance hereof.l(any noteorcheekreceired ue•rnot money hereunder or emy•tharpayment <br />due hereunder a not paid, honored or cendeeed when due. ar It vny other obbgatlon hereunder is net performed vs ~ <br />herein provided. there sh¢116e the following remedies: i ~ <br />(a) IF SELLER IS IN DEFAllLT, (U Purchecer may elect [o heat thu <on[rea sa terminated, in which case <br />ell payments end things o[ value received hereunder shall be returned to Purchaser anJ Purchmer may' recover <br />each Qamages as may he proper, er (_) Purchaser may elect to treat [hie contract as being In full force and effect <br />vvd Purchaser shell have the nght to on ecoon for sDeer/ic performance or damages, or both. <br />(b) IF PURCHASER IS IN DEFAULT,(1)9e11¢r may elect totreet this contract as terminated, iv which ease <br />all payments end [h[ngs of value received hereunder shell be larfeited snd retained an behalf of Salter snd Seller i <br />may recover such demegu va may be proper, or (2) Seller may elect to treat this contract ¢s being in full thrre and <br />effect ¢nd Seller ehaD have the right w nn .ceion far specific performance or damages, or both. <br />(e) Anythln¢ to the contrary herein no[withstending. in the even[ of sny litigation ¢rising out of chic <br />contact. the mart mvy award mthe Drerellingpvty ell revzonable caste and expense, including vl[orneyY fees. ~, <br />20. Purchaser and Seller agree that, in the event of any controversy regarding [he esrneat mon<Y held by broker, <br />unless mo[ue] vEher. instruction Is recei•~ ed 6y broke:. broke: shag rest he required to tai:e any amore but m. ay ¢•.mtt <br />any Droeeeding, or et brokers Optlon and dncretlon, maylmetplead any moneys oreNngs o(r•lue lets court and may <br />ramrer court poste and reseonable attorneys' fees. <br />21. Additional provlmons: <br />+• Purchaser shall create a Limited Liability Company that will <br />be the actual purchaser of the property. <br />See Addendum A attached hereto. <br />22. If [hie proposal is <br />~~ more <br />I; <br />II <br />by 9ellet in writing and Purchaser receives notice of each a<eepeance on or before <br />~mt en[ ehW become s contreet between Geller and Purchmer end shell <br />tea send sae iris of such Dartiea. except sa elated in paragraph g. <br />~ ~~. ~ Broker <br />Hy: <br />FnrehaaerS wadreae Box 1012 Breckenridge, Co. 80424 <br />(The follaoing seetian t• be completed by Seller and Llating Agean <br />23. Seller accepbs the shove proposal thle_day of 1fl_.nnd ¢greee <br />to paY • commiea~on o[. - - pl of the Durehaae pritt for eervicea in chic er.neactian, and sgraes ehaq in <br />the event of ferfe,ture of paymanb and thmp of value rteelved hereunder. each pq~menh and things of slue ehaB <br />be divided between lisying ~ro~e~ and Seller, one~hulllhereef to said stoker, but ..^.ot to arc-ad the m-lm:eeicn. and :ha <br />balance [o ter. [) <br />rI ~ ~P <br />rile,/ ~ pellet <br />SeIY rb Addre•• <br />Listive Hrok•r's I<vme and <br />i~ <br />