HomeMy WebLinkAbout630116.tiffRecorded at 7 y AUGi2 -1963
Raceskm x,1414UEi6 xl441.6me nark w Recorder.
Chit Iuamturc>
Angus t in the year of our Lord one thousand nine hundred
sod sixty-three between POW. REESE MOTORS, INC.,
. a corporation
duly organised and exist)ng under and b; ' l'ure of the laws of the State of
t atio . when address is
Greeley in the
County of Weld
and Sate of Colorado , party of the first pert,
and the Public Trustee of the
County of Weld r the Sate of
Colorado. party of the second pan, Wkneasth:
TEAT, WHEREAS, The said party of the first part
bits executed its promissorynote
Made Ada . lit • thy el
am 1651 mr463
RECORDER'S STAMP
, bearig even date herewith, for the
principal sass if ONE IIUHDRW THIRTY THOUSAND AND 110/100— Dollars
payable to the order of O�ft �tR)BBEE�RQQT A. REESE in, 1nstalldents as hereinafter set for.
ue
after the date thereof. with InteresVeNaasw ibex� tladap �er.� Lorain il of • r(61j t
per anaam, pa btu inOnthl Said principal and interest shall Qt?e and preyyrag e
inst is of $9331.40 on the lit day of each month beginning September 1,1963,appid
gi otBgym{gly4n4Lrl�}lant:a to prineipal,with final payment of y
"'7�t11�aSS a said c de,,�wo;; of seeming the payment of said promissory note , in who-
:. aoever hands said note or any of them may be,
', NOW, THEREFORE, The said party of the first part, in consideration of the premises, and for the purpose
aforesaid. hat granted, bargained, sold and conveyed, and hereby does grant, bargain, sell and convey unto the said
party of the second part. in trust forever, the following described property, situate in the
County of Weld San of Colorado, to-wlt:l.The West 136.5 feet f the
Noetb a feet of the East 273 feet of Lot Ten(10),Nont View Park,as originally plat ed, ex-
cept t e North 25 feet thereof,in the City of Greeley; 2. The South 62.5 feet of the North
187.5 eet of'the West 136.5 feet of the East 273 feet of Lot Ten(10),Mont View Park in the
City o 'Greeley;' 3. The South 62.5 feet of the North 250 feet of the West 136.5 feet of the
East 2 3 feet of Lot Ten (10), Mont View Park in the City of Greeley.
TO HAVE AND TO HOLD the same, together with all and singular the privileges and appurtenances, there -
t .:*to belonging: In Taut Nevertheless, That in case of default in the paymentof said note , or any of them, or any
part thereof, or in the payment of the interest thereon, according to the tenor and effect of said note , or any of
them or in payment of any prior incumbrance, principal or interest, if any, or in case default shall be made in or in
case of violation or breach of any of the terms, conditions, covenants or agreements herein contained, the beneficiary
hereunder or the legal holder of the indebtedness secured hereby may declare a violation of any of the covenants here-
in contained and elect to advertise said property for sale and demand such sale, then upon filing notice of such elee-
don and demand for sale with the said party of the second part, who shall upon receipt of such Notice of Election and
Demand for Sale, came a copy of the same to be recorded in the Recorder's office of the county in which said real
estate is situate, it shall and may be lawful for said party of the second part to sell and dispose of the same (en
masse or in separate parcels, as said Public Trustee may think best), and all the right, title and interest of the said
party of the first part, its successors or assigns, therein at public auction at the East - front
door of the Court House in the County of Weld and
State of Colorado, or on said premises or any part thereof, as may be specified in the notice of such sale, for the high-
est and best price the same will bring in cash, four weeks' public notate having been previously given of the time and
place of such sale by advertisement weekly in some newspaper of general circulation at that time published in said
County of Weld , a copy of which notice shall be mailed
within ten days from the date of the first publication thereof to said party of the first part at the address herein given
and to such person or persons appearing t. have acquired a subsequent record interest in said real estate at the
address given in the recorded instrument; where only the county and state is given as the address, then such notice
shall be mailed to the county seat, and to make and give to the purchaser or purchasers of such property at such sale
a certificate or certificates in writing describing such property purchased, and the sum or sums paid therefor, and the
time when the purchaser or purchasers jor other person entitled thereto), shall be entitled to a deed or deeds there-
for, unless the same shall be redeemed as is provided by law, and said Public Trmtee shall, upon demand by the per-
son or persons holding the said certificate or certificates of purchase, when said demand it made, or upon demand by
the person entitled to a deed to and for the property purchased, at the time such demand is made, the time for redemp-
tion having expired, make and execute to such person or persons a deed or deeds to the property purchased, which
said decd or deeds shall be in the ordinary form of a conveyance, and shall be signed, acknowledged and delivered by
the said Public Trustee, as grantor, and shall convey and quit -claim to such person or persons entitled to such deed.
as grantee, the said psw.a,y' purchased as aforesaid, and all the right, title, interest, benefit and equity of redemption
of the party of the first part, its successors and assigns therein, and shall recite the sum or sums for which the said
property was sold, and shall refer to the power of sale herein contained, and to the sale or sales made by virtue thereof:
and in case of an assignment of such certificate or certificates of purchase or in ease of the redemption of such prop-
erty by a subsequent incumbrancer, such assignment or redemption shall also be referred to in such deed or deeds:
but the notice of sale need not be set out in such deed or deeds; and the said Public Trustee shall, out of the proceeds
or avails of such sale, after first paying and retaining all fees, charges and costs of snaking said sale, pay to the bene-
ficiary hereunder or the legal holder of said note the principal and interest due on said note according to the
tenor and effect thereof, and all moneys advanced by such beneficiary or legal holder of said note for insurance,
taxes and assessments, with interest thereon at 10 per cent per annum, rendering the overpina, if any, unto
the said party of the first part. Its successors, legal representatives or assigns: which sale or rake and said deed or CO
deeds ro made shall be a perpetual bar, both in law and equity, against the said party of the first part, Its successors
and assigns. and all other persons claiming the property aforesaid, or any lit thereof; by, from, through or under
said party of the first part. The holder or holden of said note or notes may purchase said property or any part
thereof; and it shall not be obligatory upon the purchaser or purchasers at any such ale to see to the application of
the purchase money. it a release deed be required, the party of the first part. ha successors or assigns, hereby agrees
to pay all the expense thereof.
DUD or TR0gy.-T, ?Wage Tnslsa-.Cespeeatlaa—aaedvda CMa•-Atn'ssp's pea
Trtbser, Greek', Ostend,
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sood651 mG464
`° `` ' e ~evert ad wrest to oat with
And the said party of the the part, Iles Judi, Itr ineoleaanni M�1�
the said party of the ,teesme par. that at the elect sof thead he paid meth Mead delivery eat amt emote ft is well
mired of the .mid Maus and prssakes In lea ethyl% It power sat hold s f'Yorit sad drag .
MT* sell sod corny the some is tent tee lime as a:wewM: Wad that die mkt property
of all liens dad iscumbelaees whatever `r °
and the above be galaed property la the 4M and Narat>•M ,aawadmt d the odd party of the seated par. hie
successors and assigns, against all and emery perms or permits Irefully eldemet or to dlefm the whole r spa pert
thereof. the said party of the fist part shalt and will Warrant std Pweal Dead.
And that said party ed the first port will in dee erases all toners sad aaseameste feria etc sold property
and ail amounts doe, or to become doe, a seeooat of *etuctp+i mad Meerut es prior incemb^oces' if ea mad
will keep all buildirets that may as any Jim* be me said (rids. aerie( Ae coutleusace d Pad Indebtedness Mend
against loss by fire in such company or teetotaler as the holder of add mote may, from time to time, direct,
foe edit sun or sums at melt company or oompeaka will Insure fee. not le rented the amount of said Indebted'
nems. except at the optks of said party of the first pert. with lose. H say, payable to the tootlkishy sernneer at
his interest may appear. and will dallier the po$cy Or policies of insurance to the beneficiary bereeader as
further enmity for the indebted.*** aforesaid. And In car of the refusal or angled of said party of the first pert.
to than inert and deflect the polirks of Insurance, or to pay such taxes or asessaeuts or amounts dee, or te
become due. on any prior la e,bnace. if any. des the holder of said sate Of any of them may proeame sorb
insannee, or pay sorb taxes or assessments re amounts dee epos tech prior incambraneea. If any, sad all moneys
thus paid. with interest thereon al 10 per rat per mum, shall become re meat addltlowal indebted-
ness, seemed by this deed of tree. and shall be paid oat of the proceeds of the sale of the prayerty alorerid H sot
otheewi•e paid by said party of the first part. and stay for reds failure declare a riolaticu Meth covenant and
agreement
THAT IN CASK OP ANT DlilfAtfl.T. Whereby the right of foreclosure otters hereunder. the said Party
of the second part or the holder of said note or certificate of sale. shall at once become entitled to the pone*.
Sion. Ott and enjoyment d the property abetted, ate to the rents. issues sod profits thereof. from the accruing
of such right and during the pendency of foreclosure Kra'dlegt and the period of redemption. H lay there be:
and such pome+.fon shall at twee be delivered to the sold peril second pert. or the holder of said area
cc certificate of purchase, on request. and on rdesd, the de of tech possession may he taloned by the aid
party of the second part or the holder or holden of said ee certificate of percher*. by aa7 appropriate
civl suit or proceeding. and the said party of the emcee or the bolder or holders of said sole or certifi-
este of purchase. or any thereof. shall be emit ee to \ for said property, and of the rests• kites and
profns thereof. after any such default, iadudk( the tote by foreclosure proceedings as/ the period of
redemption, if any there be and shall be entitled thereto es a smatterd right without regent to the soiree? or Ind-
eenry of the -arty of the first part or of the thee owner of raid without regard to the value of the props
arty, and set. Receiver may be appointed by any court of Competent Ma upon ex parte application. and with-
out notice —notice being hereby expressly wai.ed-and all rents, issues and tests. income and revenue of said
property rhafl be applied to the payment of the indebtedness hereby neared. according to law and the orders and
direction of the court.
AND, That in case of default hi any of said permeate of ortodpaf or Merest. according to the tear and effect
of said promissory note aloreold, or any of them. pe any pert thereof. or of a breach or violation of any of
the covenants or ag.v.•,,.ats herein. by the party of the first pect its saeeerson, or assigns, thee and is that ase
the whole of mid principal ram hereby seemed. and the interest thereon to the time of sale. may at ones at the
option of the legal holder thereof, become dee and payable. and the said property be sold in the manner and with
the same effect as if the said indebtedness had matured, and that if foreclosure be made by the Public Trustee.
an attorney's fee of the -se -el- a reasonable ataa .deflen for terrines le de repervisice of
raid foredo.are proceedings. shall be allowed by the Public Teaetee n a pot of the cent of foreclosure, and a
foreclosure be made through the roots. a reasonable attorney's fee shaft he allowed by the court n e pert of the
cost of foreclosure. and in either trent shall be and become a part of the ben hereby secured.
- .,.IH, WITNESS WHIRBOP. The said party of the first pot has tamed its Corporate lame to be hereunto
••,2.t by Its Presfdche, and its Corporate Seal to be hereunto affixed. attested by its S:..sta.y
•.••p Cat year first above written
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WARRANTY DEED - CORPORATION
IUD; ,1 ) 'a . N0EXEL
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51
4,40
convey to
BOB REESE MOTORS. INC. , a corporation
duly organized and existing under and by virtue of the laws of the State of CB,OHIO,
for and in consideration of other valuables considerations and, Ten
Dollars in hand paid, does hereby sell and
WELD COUNTY, COLORADO, a Municipal Corporation,
of -th -CemAt *-eg and-544to-a-CkaAr4i4a, the follot.ri ng real
property situate in the: County of geld and State of Colorado,
to -wit: t"''"
1``„''e } i4.(,,„ S/'/ 7/
Parcel 1: The West 136.5 feet of the North 125 feet of the East 273 feet of
tt1 Lot Ten (10), Mont View Park, as originally platted, except the
North 25 feet thereof, in the City of Greeley;
Parcel 2: The South 62.5 feet of the North 1573 feet of the West 136.5
,i/t1, of the East 273 feet of Lot Ten (10), Mont View Park in the
of Greeley; and
,Parcel 3:
cI..
'The South 62.5 feet of the North 250 feet of the West 136.5
of the East 273 of Lot Ten (10), Mont View Park in the City
Greeley.
NO REVENUE REQUIRED; CONSIDERATION LESS THAN $100.00
feet /1)4),;,
City: a A. ffs,, ,,
((f42/,y
feet
of
with all its appurtenances, and warrants the title to the same, subject to any
conditions, reservations, exceptions and restrictions of record; also,
subject to 1963 taxes, due and payable in 1964. and to first Deed of Trust
to the Public Trustee of Weld County, Colorado for the use of 'Robert A.;'
'Reese, Greeley, Colorado, dated August 1, 1963
in the original principal amount of $130,000.00, recorded in Book /4,5-V
PagelLW; Weld County Records
IN WITNLSS WIEREOF said corporation has caused its corporate name to be
su,haariW by its President, and/ its corporate se 1 to be hereunto
; r,a ,, ,8 ` by its Secretary this // day of A. D.
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' STATE OF COLORADO
COUNTY OF WELD
`'•fbrrgoi
64 ,r;and
and
Sec tary
BOB REESE MOTORS, iplc,
hereunto
affixed,
19-11.
Name
cv
Robert A. Rosso President
instrument was acknowledged before me this / day of
A. D. 19 63, by Robert A, Reese as
Hutlgrt p., -W44,140, 0, Jr. - - as Secretary of
a corporation.
$i my nand:and official, seal.
aiM1.s-Sion Expires:
//e//4 1
7S2,„ntd
Notary Public
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THE GREELEY NATIONAL BANK
GREELEY, COLORADO
August 28, 1963
Board of Trustees
Weld County General Hospital
Greeley, Colorado
Gentlemen:
Please be advised that Robert A. Reese, by his own action, has
assigned to us all his right, title and interest in and to that note dated
August 1, 1963, in the principal amount of $130, 000.00, payable monthly
in instalments of $931.40 with final payment being made on August 1, 1983.
All payments made thereon should be forwarded to us as and when
due. You will also note that Mr. Reese has indicated his affirmation of
these facts and has signed hereon. All checks should be payable to us.
Very truly yours,
,110fffild
Dale R. Hinman
President
DRH:ms
cc: Weld County Commissioners
County Court House
Greeley, Colorado
rcxa
SAMUEL S. TELEP
ATTORNEY AND COUNSELOR AT LAW
FIRST NATIONAL BANK BUILDING
OREELEY,COLORADO
TELEPHONE EL 2-5132
rugust 16, 1963
board of Trustees for
the Weld County Public Hospital
Greeley, Colorado
and,
hoard of County Commissioners
Weld County Courthouse
Greeley, Colorado
Gentlemen:
The following is a supplemental opinion
of title covering the title to the following
property (3 separate parcels, all contiguous
from North to .youth and, for convenience and
numbered 1, 2 and 3 respectively) located in
Colorado, to -wit:
of examination
described real
and running
clarity,
Weld County,
Parcel #1 - The West 136.5 feet of the North 125
feet of the ,ast 273 feet of Lot 10, Mont View
Park, as originally platted except the North 25
feet thereof in the City of Greeley, Weld County,
Colorado.
Parcel #2 - The South 62.5 feet of the North 187.5
feet of the West 136.5 feet of the East 273 feet
of Lot 10, Mont View Park in the City of Greeley,
Weld County, Colorado.
Parcel e3 - The South 62.5 feet of the North 250
feet of the West 136.5 feet of the East 273 feet
of Lot 10, Mont View Park in the City of Greeley,
Weld County, Colorado.
0 P
board of Trustees for August 16, 1963
the Weld County Public Hospital Page 2
Title to all this property, heretofore referred to
as Parcels #1, 2 and 3, is abstracted by the Weld County
Abstract and Investment Company of Greeley, Colorado, and
last certified to under Certificate #130,106, dated
August 6, 1963, at 7:45 o'clock A.M.
From such examination I find as follows:
Fee simple title to the above described real property
listed as Parcels #1, 2 and 3, is vested in Weld County
Colorado, a municipal corporation, subject to and except
the additional and following information:
1. Deed of Trust to the Public Trustee of Weld County
for the use of Robert A. Reese of Greeley, Colorado,
securing one note for $130,000.00, dated August 1, 1963,
recorded August 2, 1963 in Book 1654, Page 463 Weld County
records, with interest thereon at the rate of 62: per annum
payable monthly; said interest and principal shall be
due and payable in installments of $931.40 on the first
day of each month beginning September 1, 1963, applied
first to payment of monthly interest, and balance to
principal, with final payment of any balance then remaining
due on August 1, 1983.
In my opinion, the title as set out above and subject
to the foregoing, including exceptions and reservations in
title opinion as rendered on July 22, 1963, is good and
merchantable.
y y
u1Samuel S. Telep
Attorney at Law
SST:nb
It was moved by Mr. Nelson and seconded by Mr. Smith that the Board of
Trustees purchase the Reese property as housing for married interns and other
hospital personnel. After a roll call vote with Mt. Reese abstaining frailvoting, the motion carried and it was therefore:
"RESOLVED that the Board of Trustees of Weld County General Hospital
has determined that housing facilities for married:interns and para-medical
personnel are needed as an incentive to interns and personnel to come to
Greeley and because of the close proximity of the residence to the hospital,
medical, nursing and technical personnel are available in cases of emergency,
believing both to be the best interests of the hospital and community, and
"BE IT FURTHER RESOLVED, that the Board of, Trustees agrees to purchase
properties located at the corner of 17th Stkeet and 19th Avenue consisting
of three buildings ( one (1) seven unitapartment building and two (2)
duplex 'apartments,, complete with carpets, draperies, refrigerators,
stoves, etc., from the Bob Reese Motors Co., Inc„ 1700 19th Avenue,
Greeley, Colorado, for a price of $140,.000e.A0 payable at the rate of
$10,000.00 upon delivery of the deed, subject to a mortage which reflects
the balance of $130,000.00.with 6 % interest perannum to be paid in
monthly installments of $931.40 on the first day. of each month beginning
September 1, 1963 with final payment of any balance then remaining due
on August 1, 1983."
The Administrator is directed to request the Commissioners of Weld County to
authorize the purchase of such building, groundsfurnishings, the cost of
which will be amortized from rentals over an estimated period of twenty years.
July 24, 1963
WELD CO. COVMISSIONER`
onenKY. corn.
RECEIVED
AUG 5 1963
61TI41i110111t12f 1121$ i4 I
It was moved by Mr. Nelson and seconded by Mr. Smith that the Board of
Trustees purchase the Reese property as housing for married intents and
other hospital personnel. After a roll call vote, with Mr. Reese abstaining
from voting, the motion carried and it was therefore:
"RESOLVED that the Board of Trustees of Weld County General Hospital has
determined that housing facilities for married interns and pars -medical
personnel are needed as an incetive to interns and personnel to came to
Greeley and becasue of the close proximity of the residence to the hospital,
medical, nursing and technical personnel are available incases of emergency,
believing both to be the best interests of the hospital and community, and
"BE IT FURTHER RESOLVED, that the Board of Trustees agrees to purchase
properties located at the corner of 17th Street and 19th Avenue consisting
of three buildings ( one (1) seven unit apartment building and two (2)
duplex apartments, complete with carpets, draperies, refrigerators,
stoves, etc., from the Bob Reese Motors Co., Inc., 1700 19th Avenue,
Greeley, Colorado, for a price of $11:0,000.00 payable at the rate of
$10,000.00 upon delivery of the deed, subject to a mortage whieh reflect
the balance of $130,000.000with 6% interest per annum to be paid in
monthly installments of $931.40 on the first day of each month beginning
September 1, 1963 with final payment of any balance then remaining due
on August 1, 1983."
The Administrator is directed to request the Commissioners of Weld County
to authorize the purchase of such buildings, grounds, and furnishingsm the
cost of which will be amortized from rental over an estimated period of
twenty years.
July 24, 1963
It was movedby and seconded by
that the Board of Trustees purchase the Reese Property as housing for married
interns and other hospital personnel. After the motion carried, Mr. Reese
abstaining from voting, it was therefore:
"RESOLVED that the Board of Trustees of Weld County General
Hospital has determined that housing facilities for married interns
and para-medical personnel are needed as an incentive to interns
and personnel to come to Greeley and because of the close proximity
of the residence to the hospital, medical, nursing and technical
personnel are available in cases of emergency, believing both to
be the best interests of the hospital and community, and
"BE IT FURTHER RESOLVED, that the Board of Trustees agrees
to purchase properties located at the corner of 17th Street and
19th Avenue consisting of three buildings (one (1) seven unit apart-
ment building and two (2) duplex apartments, compete with carpets,
draperies, refrigerators, stoves, etc., from the Bob Reese Motors
Co., Inc., 1700 19th Avenue, Greeley, Colorado, for a price of
$140, 000.00 payable at the rate of $10,000.00 upon delivery of the
deed, the balance of $130, 000. 00 with 6% interest per annum to be
paid in monthly installments of $931.40 on the first day of each
month beginning September 1, 1963 with final payment of any
balance then remaining due on August 1, 1983."
The Administrator is directed to request the Commissioners of Weld County
to authorize the purchase of such buildings, grounds, and furnishings, the
cost of which will be amortized from rentals over an estimated period of
twenty years.
SAMUEL S.
ATTORNEY AND COUNSELOR AT LAW
FIRST NATIONAL BANK BUILDING
TELEPHONE EL 2.5192
GREELEY, COLORADO
July 22, 1963
Board of Trustees for
the Weld County Public Hospital
Greeley, Colorado
and,
Board of County Commissioners
Weld County Courthouse
Greeley, Colorado
Gentlemen:
At your request I have examined three abstracts of
title and the records of the Weld County Abstract and
Investment Company covering the
le to the
lowing
separate tit
described real property (3 P parcels, all
contiguous and running from North to South and, for
convenience and clarity, numbered 1, 2 and 3 respectively)
located in Weld County, Colorado, to -wit:
Parcel #1 - The West 136.5 feet of the North 125
feet of the East 273 feet of Lot 10, Mont View
Park, as originally platted except the North 25
feet thereof in the City of Greeley, Weld County,
Colorado. /47
Parcel #2 - The South 62.5 feet of the North el5WV
feet of the West 136.5 feet of the East 273 feet
of Lot 10, Mont View Park in the City of Greeley,
Weld County, Colorado. Parcof the feetel of#3 - The the WestSouth 136.562.5 feetfoftthe EastN273hfeett
of Lot 10, Mont View Park in the City of Greeley,
Weld County, Colorado.
Board of Trustees for
the Weld County Public Hospital
Board of County Commissioners
July 22, 1963
Page 2
Title to this property is abstracted by the W
Colorado,
e
ld
County Abstract and Investment Company of byethey
and last certified to as follows:
Parcel #1 - Last certified to under certificate
#116,312, dated January 10, 1956 at 8:45 o'clock A.M.
Parcel #2 - Last certified to under
under certificate
#115,021, dated June 13, 9,
atParcel #3 - Last certified to under certificate
#117,869, dated September 4, 1956 at 1:35 o'clock P.M.
From such examination I find as follows:
Fee simple title to all of the above described real
property listed as Parcels 1, 2 and 3, is vested in
Bob Reese Motors, Inc., an Ohio Corporation registered
and authorized to conduct business in the State of
Colorado, subject to and except the following:
1. Subject to exceptions and nervations as contained
in United States Patent, recorded eodApril 29, 1876 Book
20, Page 75, Weld County
s.
2. Property is entitled to the benefits and subject
to the burdens by sinclusion in undaries
of the Northern Colorado Water Conservancy District
3. Master road and highway plan of the City of
Greeley which gives notice to the owners of all property
cityin ofthe city and proposed primary iand secondary highways. n a raius of three miles of the
4. All three parcels are subject to a 5 foot utility
easement running along the entire East side of said property.
Board of Trustees for July 22, 1963
the Weld County Public Hospital Page 3
Board of County Commissioners
5. An easement gvv,v gross the North 25 feet of
Parcel #1 was createdffor rdadVay purposes in deed recorded
July 15, 1949 in Book 1250, Page 359, Weld County records;
said easement is now a part of 17th Street in the City of
Greeley, Colorado.
6. Parcels #2 and #3 are subject to building
restrictions and covenants running with the land until
January 1, 1970 as contained in Warranty Deed from
Baldrid`e to McCrory, recorded November 28, 1953 in Book
1375, Page 568, Weld County records.
7. Abstract does not certify as to payment of
1954 and subsequent taxes; however, investigation shows
that all such taxes up to and including the year 1962,
have been paid. 1963 taxes due and payable in 1964 are
now a lien.
8. Rights of persons in possession, potential liens
by reason of recent improvements to the premises, if any,
and unrecorded easements or rights of way, if any, may
be ascertained by physical inspection of the property.
In my opinion, the title as set out above and
subject to the foregoing, is good and merchantable.
Very ly yours
SST:nb
Samuel S. Telep
Attorney at Law
Greeley, Colorado
July 9, 1963
TO: BOB REESE MOTORS, INC., an Ohio Corporation, Owner, and
'BOARD OF TRUSTEES for the WELD COUNTY PUBLIC HOSPITAL, and
COUNTY OF WELD, STATE OF COLORADO, a municipal corporation.
The UNDERSIGNED hereby agrees to purchase the following
described property, to -wit: All in Weld County, Colorado:
The West 136.5 feet of the North 125 feet of the
East 273 feet of Lot Ten Mont View Park as originally
platted, except the North 25 feet thereof, which is now
a part of Seventeenth Street in the City of Greeley,
Colorado, said property being a part of Lot Ten (10)
Mont View Park, City of Greeley, according to the recorded
map or plat thereof, SUBJECT to a reserved easement
over the East 5 feet thereof for utility installation
and maintenance as set forth in Deed recorded in Book
1250, Page 359, Weld County Records;
West
Mont
West
Mont
The South 62.5 feet of
136.5 feet of the East
View Park, an Addition
The South 62.5 feet of
136.5 feet of the East
View Park, in the City
the North 187.5 feet of the
273 feet of Lot Ten (10),
to the City of Greeley;
the North 250 feet of the
273 feet of Lot Ten (10),
of Greeley,
together with carpets, draperies, refrigerators and stoves
.situate therein,
SUBJECT to a Deed of Trust to the Public Trustee of Weld County,
Colorado, securing the promissory note of Bob Reese Motors, Inc.
in the amount of $130,000.00, with interest at 6% per annum,
said principal and interest due and payable in installments of
$931.40 on the first day of each month beginning September 1,
1963 with final payment of any balance then remaining due
on August 1, 1983, said payments applied first to payment of
monthly interest and balance to principal,
with all improvements thereon and appurtenances thereunto
belonging, if any, in their present condition.
The total purchase price to be paid for said property is
and shall be $140,000.00, payable in the manner following:
$10,000.00 upon the delivery of deed conveying said property,
subject to $130,000.00 mortgage indebtedness.
It is mutually understood and agreed between the Undersigned
Purchaser and Seller that the following conditions are the basis
upon which this proposal is made and accepted:
1. That title will be transferred by Warranty Deed, free
and clear of all liens and encumbrances, except as above set
forth, and an abstract furnished certified to date showing
merchantable title in the grantor, subject to conditions of the
United States Patent, existing rights of way for roads and
Northern Colorado Water Conservancy District.
a. It is mutually understood and agreed between the
purchaser and the seller that seller agrees to purchase
$10,000.00 worth of new furniture, which is included
in the total purchase price of $140,000.00.
2. In event there shall be any defect in the title which
renders the same unmerchantable, the owner, at owner's expense,
agrees to perfect the same, and in such event the owner, after
receipt of written notice of claimed title defect, shall have
a reasonable additional time in which to render such title
merchantable.
3. Rents, water rents and taxes and insurance shall be
adjusted pro rata to date of delivery of deed.
4. Possession shall be given August 1, 1963, subject to
any leases then existing.
5. Time of payment is an essential part of this agreement
and in the case of failure to make any of the payments or perform
any of the covenants herein, it is understood and agreed that
the money deposited herewith shall be forfeited and retained by
the Undersigned Seller, or the Seller may, at his election,
enforce specific performance of the terms of this agreement.
6. It is mutually agreed and understood that all the covenants
and agreements herein contained shall extend to and be obligatory
upon the successors and assigns of the respective parties.
7. The transfer to be completed in the office of Hubert D.
Waldo, Jr., 209 First National Bank Buil ing, Greeley, Colorado.
BOARD OF TRUSTEES for the
WELD COUNTY PUBLIC HOSPITAL
Attest:
Secretary
By G , (len
President
Purchaser
APPROVED BY:
COUNTY OF WELD, STATE OF COLORADO
County Commissioners
The Undersigned Seller hereby accepts the above proposal
and agrees to all of the terms and conditions therein set forth.
BOB REESE MOTORS, INC.
B
-2-
President
Seller
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