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materials wherever located including within or a part of the <br /> rock dust plant, magnetite plant, and pack wall plant, <br /> further specifically excluding all transformers, all liquid <br /> or solid materials located within any 55 gallon drums or <br /> barrels and/or all other containers of liquid or solid <br /> substances, and excluding all hazardous waste or hazardous <br /> materials and substances and further excluding concrete <br /> footings and foundations and further excluding stock piled <br /> materials and parking facilities. <br /> IV. <br /> PRICE AND TERMS OF PAYMENT: <br /> Total purchase price for the property described in <br /> Article III is $300, 000. Seller herein acknowledges receipt <br /> of 55, 000 by check dated February 24 , 1994. The balance of <br /> the purchase price in the amount of $295, 000 shall be paid dt <br /> closing by certified funds made payable to Seller. <br /> V. <br /> INSPECTION OF EQUIPMENT: <br /> Buyer acknowledges it has previously received a list of <br /> equipment described as the property in Article Ill . Buyer <br /> has previously inspe,;ted the property. At closing, prior to <br /> delivery of the balance of the purchase price to Seller, <br /> Buyer shall again inspect the property . In the event Buyer <br /> prior to closing determines any of the property to have been <br /> destroyed or is missing, Buyers sole and exclusive remedy <br /> will be to not close and to be reimbursed within ten days <br /> 2 of 5 <br />