HomeMy WebLinkAbout950687.tiffThe punted portions of this form en Melted) (differentiated) eddlllnr1.`.
hoe been appnved by the Colorado it. .stele ConmJsslon.IClls
li16 FORM I IAS esIroa IANI I VI:AI.(I tN FOIIVn(-n AND Hill I'AH I WS SODIUM CONSIJI.I I F.CAL AND IA% Olt (II Ogg COUNSEL OEbOPE SIGNING.
VACANT LAND/FA ItIVl AND l(NCl I
CON IIIACI' TO BUY AND SELL ItEAL ESTATE
ptenlbe r 14 19 94
S RC O r es� lll�_aT�De lama r e cot oration
L PARTIES AND I'ItOI'EIe I"Y' — , burets) Ilhoml, !&Ore Hennn"AownWneommon)
epees to boy, nod the undersigned 'elicits) (Seller), apices to sell, on the letlns and conditions in !mill in this rmnmch the following described Mil
erColo: nJo, m wlu
ele irk the County ^f --I'e --'---
See Exhibit A attached hereto and by this reference made
part hereof.
Vacant LatL] — ---cha sure Zip
known as No. _----
ssmAJNm alleys m 11 easements and other appurtenances Nercto, all improvemen s
mcieoo anti
all tacked of Secede vacated circuit
as end uex liecem Ihuely, a Le-0mero
them, attached XCIAI theme,aaplasmeinexchWCJnde,t erfoli the g-iten lYla
n<tide, lbcfallemnsi1ems(n/'if-nllMlrcdie'slr<-f`r<'Ir<r'rT^"I �f'b>
1. iNCLBS eating. %CI ASIONS. ing, on co ditto n as, seiner sola:!camokdfirrli tar alarms, security
ventilating, and air conditioning lisbucy, TV antennas,
devti i'Is,insitelephnNinthsne.° Ihmokranineslnlercmm sytars, hnillin kitchen appliances, sp. ;irides
inside telephone gccdcr" note commas; lb) if on lie systemsdevices, uA' narssLuesl., Igu:Be share openers including
wi eniei iii burin vacuum Y �� ^rR : storm windows, stools stools, window and porch shades, awnings. blinds, senors,
I
Property *gust,o er dtursrrno �¢ of ernetwillns-Pre pleccgrntcsvireatingatnece smragc5Lcsls-,all*cysoud(c)
swrainradnrdmirefyroJr, PoeDlneeineerb; lirepinersercem.-
(d) \Voter Rights. Pooh:ire price In incb:dc Ile Idiow'Ing voter rights:
Any appurtenant water rights.
(c) limn lag Cmlrs. Nillnestled to Ile growing amps Sella and Buyer a&ec as Wows:
Conveyed to Buyer together with the Property.
TIreaWae-dcsceiWrdinciudadateruzl LrJusuwslace wirecorweyetUalluka-bySeIcedui Litt ufule,--- �r� ie[dinrt 7lre
rhx,bnra@nerpplicnhlelord rose^menrlefokiliedasine.Lcawd dnw mofmlkux�iensonormaaunbromos is cenras Pus
followingndodral fielurrekortnamintleildrimvilrivesnier
within three business days after the execution hereof by Seller
9G 0(10. DU , payable in ILS. dollars try Ilryer an
J.1'l (Complete
a applicable
'Ni' IMMO:, "I lm yuminse In see shat l be S --r_—
follu•n'. (CmrgJoe the applicnlJe tar ins below)
(0) Fennel Pinney. , its earnest money deposit and part payment of the pn¢Inu
n the form of a ehecle
S , 571, 1.-aD---' J_ y-1--
pli.puyabl mmnl item by _the Ti Lie Cam aan as def_i.Bed in C11e 1\(]de11dU1P)_____.Arxke5 in its trap
;Kennn on behalf of both Seller end Buyer,ilr.keraeavolimin d O, mice less rnac'matey) shall be 1poid trsels:irrawg•ruritonyrawWefwwelosing--
1 Lc hala:¢c ids . 9 J z �UO. UU
and prorations provided or
as adjusted for the net of all credits p
whl<11 herein,
lb) Cdr or Cbainq' f at dosing in fonds wid[h comply with all applicable Colorado law r
s__95,000.00 e. _ /rlru chasing sl oasts, k, be paid by 'toyer r.nwat
(Good Funds). Sutrjacs.wthaprw
indnsl11cnslr.dcmoniclr nester fonds.ai-lisicdch«k. saingrnmllnmlfrocufroindmldenid°larreccckf0o uewwmtsLa
.Saawm4eifJlua:luirrn loanbatan ra.ti,w-u4<bsirrg s1:alLba-dilkmntfrmnalr�ioa:s.Wlaoccio3<cli.uJJlru-adl
seotHinndrnrdnsina^r poickee!allows.
(e/Nee twee. n-.ell-will-breifslr?nd-cicr/-��
5ITlhrlapobmtm b na:<w-iamr"l l sioa approximately S --�— per
anon inert Deer o per and of years np ins C^ --ionc1heloanscipab<nor nom, plus. if required by 1luyeis Ic/1 slepnl
fthe intimates principal 'Ott, <slnmmps prop_-- '%r lrcreotiom and ens ig`ag sntaoe-airdmm^`.Ifthe loan is an adjosteble interest idle of y pinto estimated e ri loan,
.Incsue nil a dporest tai anc<Pre
em Wnn, lbe prynelO' and imocal d toll:dry ball nnL 1 cu d ca ¢1 Gg^rez son fn:IL xLoI ^I Ibe total loan amount NnIwi11n1and-
graJoamdP"Y"r %Cam big Ore Lunn discount points. If at shall he paid or lard tdo5 hall not exceed —�_
loa:ts battiest role, the first loan discount points shall be paid by
and dm balance J ° : sP'v ire paid by rmwmeun4aneFPnyers-Wan-begs'.
nom_
Pegg l of d HSL #
v AND L. FSIMNo. C:BSld-91. vafANI LSNun elm lludPllill'uldtl
idlintl ISO Wane n. DraCOr151W—e 1I11B111b1fINl-11!91
950687
hl)A,anrmNi«n. gem s•amexisling bmrinaliynl• cinrntewonownrpwaeatey-paYabloa
3 FYHn)<rn naumin d-ngrceing-lerpx. Ne
_, including Ins rtneal. interest presently at f _-- --- — . per —__ node— aly insolence piennum. 11n01 'gage ,ouame Pmnupn, nod
Um11 csluc lanes, IT, Bu 1 agues
annum, and including escrow tar the billowing as indicated: _�__
-- a shall nut :exceed: ter 0100111
I. pa) a than floosie' fee nm'a erected S . Al the lime of unumplimr, Ihn new imm�ae rate
end Wll new shall shall llnita< loo S
__ principal and ',steles!. plus escrow. if any. :III be evidenced
Seller Cbhall CI shall not be released Lon liability on said loan. If n ndicalde, coo •linnet will' the requirements (or release from liability
by delivery iii doing alf nu iirirropillile lever Iron Iende.10Cost
tl moni'k for release of Ilnbllliy doll be paid by
r
.. .. _ Ile 110th tatted S_ _ --- _--- -
(c) Seller., 1•Ilmtr1LLd-l•oy I:insuring. — __
S by Iluyce aiming •a pre Inivory nine payable to: _--- -- _ on die note forth as tdicated: (Check one box only)
O Rigid-lo•Cmc Nil) 81.11-83 Ii No ltighom.Cme NID 81-I-83 LI seemed by a (Isl. Lul. Y, using 'he Lutist as indio¢J:IChec ne box only)
del decd of Bust encnnrbeine the limper'''. 6
I )Spiel Doc on Sale (ID 72.1 6RI) I.I (ledilwnl'hy III) 73.16031 IIAssunneble • Not doc on salt fl D 13.1681
11_--_—. _ _ —_
The promissory nma shall lie allllrlliled on hie basis of _ -- years, payable al S oeu—
inclndingp'incipal and initesl al the late of —._ _% per r 010111111.
eh111 .Pay rents shall commence If not sooner paid, die balance of principal and
______ and shall be doe on lie _- Yg —elms dosing P.avmon CI 0411 ❑ duel yj and
mooed 11[esl shall he tine awl payable __.—__ ___ __---- -- of In .rid Is — is C155111J mutual mopes he
i le ____01c edamnul1e:d 00011 m,a.:lnd Llshall I.}shall n
om 11w clprelnnnr ninua fnvd rvilll' calendar drys oiler is due date, a lam charge of
col is unl l< ^hire alate Barge of
l Leflwm dull %o f chipaymerllshall trims Iscles1 ltl: 105my s:lue of lrual stall by _� —_%of such Pnynanl shall be Juv.Inlertrl nn lenAt ll'Iylnuxroglns.nJa the Ace
vale shall lIe _ ___—% per annum. -- __�--
Ilnyer nay' 'meow without a penalty excel,' - —.—. --- -- a rent to be
tin IL in Sa'iole 3 by obtaining v new loan or if an existing loan i
A. FINANCING (IONBfIIONS AND pay all or loll S.
of
If Orel a to prey all m pall of tee puren11, lie l ,1 _____ calendar days from arferllnita of this connect. Biwa shall
Inl Dun Appllfalimrhl. ',Men miIIJIr na infnnnnllon.
if required 11rnshall make npl11lcatin :dl dos rue red (Moist. all IdcamJ nI dosing, Iluyn, ml°i hinder. red W7edy n sue se n geenJ I:Je, fmuel< rat '
rocumen wills S.Ilor ynl lendfa ,end, sin subject oPmillil. 3, timely pay
nan 01 consent. 's
nd
mprimd Il Ole "mulct, pay
maiis,l.n1•onmilpay5C y Isofinganew loan loameclam'n Section ). this contract ismndiIioalupnhi 1
Aaueenn`1sn a Oblainilrga new loan as rlecifieAi
I pens. Buyer is I^Y all ,, IB __ _. If ool so appmrCtl by said elate, this connect shall anoinme.
nl pmt ol'Lc lnucL:¢u pet, >
(hl lu.n A e I If Ion to deed of vast
nlq (C) Enl Ilw No loan 111 of "'cloth _ luau is-- . l Seller shall provide copies u11Le loan docunm mils (including note.
(1l Etion rag 'iii Resler, If an edging is days to be idea d nl closing, cf pore
calendarf the
Gore a cPancc of this connect_ this e7nll act is conditional n Buyer's received FYc5eIIna[runs ppu Buyer vidtin
provisions
to Buyer within ___— reel
nn al such ban documents. Itsye. consents 1 the p ninety 1f such loan dotloenlx if 111 transfer
o lie 'hoists'',
is
peoisle t of owl 'ignition. If the lender's approval of 0 transfer of doe'hopary IS ierpmiled, this Connie' it coulditimml Du mi or before
_edcn s dayshiml0111011chip
upon ILrycl's obtaining such app'oval w— . 19 dm:ulgel'uy1La loins
shall be to minaied oIei loath except ase such dale- If Seller is to Le retraced fra'roval is s liability tut uleeo well existing loan
ce ss - l n Section I.1his connect may he to ruled al Scllci s option.
nod 11 --tin mexistinBlo:m ail if'Le na1ml principal balance of the eaistile8 loan al
Buyer does not (Alain such compliance as set II tlIl '
eryc <Il a• pail the pm itaso price M1Y assuming an
(JIAStclosilesidnnc e. If Boyerisop al' (ParBuyer 0isincreased bymmethan 5—
nl from Rtr ldnsin
IheAxlelfdosingislessllnnlLeamnnuNirr$ retire lord the mnnPN afcnaL required I
'bytes swine's notice of tanlln:Bhne.
g a pmnlissor too, of Seller or if an existing loan is not to be
'ho Buyer may Iennne:nu this conned ell live mum receipt by Seller of Ion oval shall be at Shcei s sole and
ICI d edit111,0111.1511011.
sing, I Ibis
connect is cn i. ti l,:0' 1111111 Sine of approval of I "eyes 1, ce hy cxtelaii n y err Y mac in al 0 vat s allbe at Sellinfoe s sole and
ciao atilt' J oMiuwrl Linfss, (hide PpPSabsolute d ad etig,'Lisuch cis c uyernal shall1sup ly tee's aeu on 01 of of fin:m 1x --
(lo olnle 's «eau. Lt vmL tax: Puyc c il,rocs. clot err or bdole -- -- y and fiat, em Pluyn¢III and uolil cpnd'dimr; (2) Buyer consents that Seller may edify Buyer's financial ability lSdkr's 1melasl sin
(3) ansu horcr motion
cr' Ion, 19
(1) any such inPounnGun .nI sdumnems orcivol by Seller shall be held by Seller in cnnfidcncc and noI released m odors except to protect
vide so then n of Selle's disapproval l0 Royer 1711 or before _ --- ,Impale.
does lmpll mac said (lath. this cant's(' shall¢
111k 1,01130C110111(4) if St 7 � ppuwnlmllu cs
Own Seller waives this nnAi'imr.IfS[llm 1100550011 t wlinue noon of dlsn Boyer Le(ne nJacnn nil
5. MOO' A ISA.I•IIOVISION. (Check one box only) ibis Section 5 LI shall II 51015101 apply. i
Buyer 8 . If Seller receives a copy of such arnnalsal or
If this Secho 5 applies, as indicated above bbl ball have the light to¢nnin th'hiscontinct if the a ta¢ed11Leeive' olcpy of such
by are app is engaged by is less Ilan d¢ PoaLac price. on or before _
(linen no ''e Lon lender which confirms the t Novelty's Buye valuationg wi
1 Dea ions le hits ro1Bacl dell s the No Imy's shall have the s privilege and option of ce.on or
re consummation of this connect without agar) lot the
(Anwar tany ob y's valuation
Y 10(the apnlnixd valuation Upon rinsing, Buyer waives objection w the 1'rovcr' Innumt.
a/6. COST OF APPRAISAL. Cost of any nom eisel to Iw obtained alto We dale of this mnmcI stall be timely paid by
7. NO I ASSIGNABLE, 11115 anno¢t simII not be assignable by 'hoes wil1unl Salters prim we Men consent. Except as so rest, ncied. Ibis coomet shall imlte
lo the benefit of and be himding upon the heirs. pesonal aplesenmliyes. successors and assigns of Ihn pal ties. --
yer, n Jwen cnncnl commitment for 0501101'5 'ilk how:i rce policy in an amount
C days aECer Litedate ,_
R. o EVIDENCE a pr ice ape. Seller shall Finnish to Ito I Stile's ra coo ei aiNofcdlm that
coin m the purchase price ere k5ulleiaelmieerPlwLcp __.to( fide Deaslinel)Ia IN imwnveecemmitmens is furnislrech PasewnnYcoq
hie re0�-- '— —f 11011031110015.11151C0 111 the schechile of excepiions (Exceptionsi a 1S oyes et nt INNd�eMI ey'e
milks afirmso-Tddr(onriromea liaU-perrainwnlgo-MNlwnnnle+ddsewn-4-miwsrsLir4littr FPS«Nhewbekapd+eeerdaewHlw.dnIgaho baeuns erfd ate Th
Seller's in urancee commitment.
Wyllie(
col 8. constitute
it t e title oeunleill5 (Title
000,1
t ere5.nn.u401000s.nws.Maltlaa-n-hata45-+^vNxaabbisa•-o'-lurtserusen
Sine insurance menn7ibnotL age'ber with any anpifs or abstracts of boo nnnentz furnished purs'e's to Sedipn tl. cunsumm the line documents (Inc .cue
owmq, u tits • a7 p
Ce
all() Buyer will each payer ,,,,�•_„_,_,,,.<<ebndaeduywfur-IilbPaud'ino-IR+IIeaGnlliglNcaliUalnauwltgacgmmipnml,Sella fi'4IvY'N(e prtminm III closing and hnve'he uRe msumn
medicable together
policy delivered to Iluye' as soon as Iicable alto closing.
(. 'Ili' I.15. Iles
nyl other
by nr on behalf of Buyer and given m Seller on or bribe JoisttotheIdar
(.1'I Me IleloV, Boy. Mall have the light m inspect the I ilk Ducmm�emelz nwblrnel. \Vdllep notice by Boyer of unnglghamabllity of Idle or o any other brsslalle' bit lido ndlinc ion shown bythe(5) ) ine Documents days or nbstino by I oy rsigned yg new
days niter tine Dv1cr with
or copy
Lve rnluulm days ate, e.v bs by Boyer of any title Document's)does n01receiver enAonernaniicnds) adding tire
p io
unlnlilnlcrtl together with v copy of the l Ill" DoauneP ridding new GxcetreionD) to title. If Seller not (bytes notice by tla date(s) specified abuse. Buyer
accepts doe condition of tide as disclosed by the l bile Documents as satisfactory.
No. 01153 -I -v1. Page l of fl[Q'r!I s_ _
950687 -
obligated le ft,ly we'_ .,
$75.00 for such services.
data hereof
(b) Malian Not Shawn by the Public Records, Seller skull deliver In Buyer, on or before the Title Deadline set forth In ISe'on 8ith In 1 rut coupe of all
v not lteasseil) aelf
nd
wlid to setllersm. Seller's
ammo' knowledgerll Moyer Moll llmvPt e thelrlight m shall b5pedasdmsNotve Novelty to,nil
luerml e. If any lnbd pens or mi)title molten MI ilium) p by ey public rc0 by the
public records (Such es on unrecol del eosement, untecurded lease, of boundary line d5cle(oombefore Written
oiled fernyY.S uditoT rthediuon(s) disclosed by Seller
by ens to of 1 r the
venialknow.1t
or revealed ssuch unsne Bye's Shallbecrsai of bjee
dge.
If SdW does loot receive Buyer's S r tI time. Moyer fncel i title subject to RII if mty of 11 E l parties
IflSll SpecialI)lal rls Slf:('I.\I.IA\INI IIISIIIIr I4 R1\III 41111 t.C11111{NrNAl.tllllll \IIIIN INIl1111:1`IISS IIIAl15ten R\REVENUES PRODUCED
115,01 ANNUAL IAY LEVIES IIN 1 I1 IASAnIA 101010111 V NIIIIIN 0I1C11 III41NIt IS 101010010 V (DENERS IN Shill VISIRIC IS PIXY PE PLACED Al RISK R IR
10E:CEASED Milt, I Er IFS AND EXCESS, YE. IA\ IlLiiiiiENS1n SUIT 1l1 kliESENNICING aS50(111 fitF wilERECIIKUMSFANCES ARMC R ISULlI NG IN Tile 1NA IIL11\ Oti irs Yu t. RE Sir )alit l 1 tile
i I I lel lit. DISCIIMIGE
MIEN! GENERAL I ii �i((I.Ai DIN COS INI(RI 11 5111,11 110NF. SC(S O0(11SItior nIC'S 1F%949. Boom Y SI NG NO I I f i:V11RS OF SUCH InnsIRICE SERVICING SUCH
NIUI Ill CnN I
INIII die
el 1l11:1' I N II.0.1 N Nt1LAST IN S 1istI011 MILL desoes to ICI pistontine''5 Itsnll. doetoe'. noti eisgvet Yor eiko 100rts e
1,11 III 1 i iI Y I I 1 I< 11 Kt i I n:t )' ll t. b) Ike doe spec
bcencl P1set 1 11.1 subsection such ltd. special
Iii 1 tdieic II Seller does 0001 V
11 L dispirits) ' and the any
of to s. a 1 -nisi as provided in n subsection (al OF bb) above.
Send nl Conoco p'5' le con I at said unsatisfactory p pile m iJ i mdse
11c unsatisfactory 1 '
Id) Rightn(! If Seiler ata't ice of un NI ll ity of lit or
(laic I closing. Il SJlu lads
1 'then notice ,ueivcd by Selle' or before closing waive
SJlu sl ll �II II t 1. I I.f 't Y(1 11 dhli ed. however, aYnow. ) n
thi_ c III 11 1 '1'I
oI eciGlom i t the11 ilie tfclosing.
yfl fir 1) -Sdb
objection o 1 b SIC AU6IJUUM of the physical
In tN5I fC o pie by er!to the oN1 v Ill a lie n61J to have
v<rr half of Boyer. is not oeceive5 by Seller
Dsduvuc faun completed SJlc(le'hc bog of Sellers CIO caacp ilknowledge. 'Inver or any
R i on Ilse is I condn11111 of Ile Penmity and Inclusions shall be deemed
bnndilionof the Plnnul>'anJ Inclusions, not lluyuleganese lfw,iilrnmmtceo(vny nusauylTcmn Juons
Igeh—glhialinn Ucatl 'k p""nA awed. in soothing. Nneetilrmm�nhuenfan or bcfurt
o, Wine mid t'g
II Stith t ut lien li f11 Y 1 them calendar 'lays fll st n the Resolution Deldil<
Inbesvi sfecn Yli is Ye.If 'I nicely 19�Ilexl Deadline), ''hn0' ixr
( IIY Khl'ciun In any train lcl n'. iJ Boyer opnnsibht for and shall ., no ;licit melee tiniest. I' II ll«FI I _ +i,. • sEr Al)UCNU(IM
.1 1 ec 1 IS L I- 1 I ogeeenrc 1 1 I' dam 'ILe lion'
1\.J. g,i 1' r ,U— on by mute II. ll UAI4UPCIallbc date closing - ins Lc¢uL
mnl place rcl sing Sl'IIIdesignatedlY Deli I; 'w
n'at dosngrecruitedI mid compliance by Nye' with the other a and II Ill \Nc1'e aER OIl1I1F good
it Icicle ml Y Iced to Buyer. On closnR conveying the trope' IY lice and
Stile shall estate and deliver a good and nllliticut _— _9CIlflr di—}l�lrXrlllt4119_—. clear of all macs except the general taxes for doe year of dosing, and except --� conveyed .
. liar shall be conve' I lice mod dear of all liens fur special improvements
- is id. bet' (1' +g„elmlitg-<nbk-la•b (ill those matters oe t
ettd
-- 'g .l 1 1 e IJ 11 in limpet ty not shook' by lie public 'thinned '. 111 fll ) 9l 1l 111 lights, 'f y loathes tlauo ns.
by P with 1 to build q nndli ring'<g
by the lik Vicr ui. up¢('1 Boyer of 1' width' rypc<id loosing B.I d and lvl subjecti nx
ten 13. FAY OctEO F ENF INII(iANctS ctpap col to be paid shell be p: la bathe doolng ROM nncods of this etanaclb
Il. FAMILY I' (11 ENCIIM IIII,\NCI55, any u5nndrantc recoil'
paid �
Lam ally why sndce. pay, in Gaud Foods, their respective dosing costs and on olio Penis
1tr (lio INO ('OS IS, except
aI ENISdNil5FRV 1(:1:5. Biker liSetter shall hsign II I complete all customary in requite(' documents at or before dosing.
etioi �P r eaU 11V'
required to he paid at dOsi'n&<xap'as nthcnvis<p,uvidc('Iwr<in. Guyer Will and shall he paidwdusing bY-�UY�B�-�'
N A % Of the purchase price shall be paid at closing
14rs rte red dI LIlnsillg arvicci Shan dim aacJ S.,SD Ufl lie local u:uw&anon 1e_1 ---
Any sales nml use tax that limy accrue I center of ibis 11an5acli0n Shat'
_provided that Seller will not Le _ _---
by N A e ----- - _— water and sewer
Seller —
b5 paid \elan due Ivy ----- a Dania1]0
Is.,'dinerAllUNS. (kilo aim acs fur ateon year n(ng tha,busednn aw trues fin thenaaltie s iunderlYEllet<SI,[Ee�
mulin5!<Yl on continuing thank). if nosy.'tu bI all rOY _ Idmdaln of closing.
denrs.mwitent_odmiuidno,• as LlesQL11Si it the AddendulnlLPl bde�de
A I6. POSSESSION.
�`l'11_{1111_C!1LaF c_Res3urce s_to�—-----s
i of the Bother sli:llh he den. crest in Buyer os follows: �IpoluieliYerYl!.ts
Ifi. POSSE551UN- i'nsse<snll ----
subject lothe followiln6lu sds) or tenancy's):--- _ -- syr<unlenis-------
- telnslg fails
specified, seller shall be subject to
.L 0SfsaS�_ll.—_L19Y�emel)1_dllil�lnY—incrdosing, fails to demise' nns5enion On the date herein sp<ii 0 subectcto
__ . If Seller, a n55eoslan moil INn5essi0n
d.
payment nf3 10U —O0 _ — pa day h O'I"he date of awed possession shallheon deliinlet
eviction ONDI I IlocON
II'( IDD liable 1 Illy for PdY vinll n lac the ropcoly rid Inclusion's
L let the even; Roe rote. IJ hill he damaged by Ole tor oilier casualty odor totithe of
Except I I'
n the event such
❑. CI an on Iom an' AND I b\al tc 1leettt0 t11%e total c
lidiii ISliig;ns of the d:n<nl ibis ann,ewl, m,Jlnalyw iJ'rn i.$dln shall Lc obpp;taJ li,,.l„nil me sanmlchnc J<r l5l eulAate of llbwx Ilerll to ea rY tell
InndlnunnoteIluln met Paceddthestud touted suchepi I°this compact may be 'condom.' at the option of Ilnyeomom'Ro elect
so airy
tout
dosing, to et despite
gcs toe ssoon,
exceedi is netstie'u cd within urn Time cot if Should
Alin of e date t mfiab d linit.e such ver strut le Yor shall be Scliced to credit far all la miter toe replacee ment of such loom
ems) or seovicete) with a unitdnmagsimilar growing
,
ruling. hOwc. er.'hr. total purchase mice ill allShcca shnhll he liable Inn the rcpatd m Ire Amnngd hcoacanl 110'150 L rile risk of loss for this conflact and lany ale of dosing of the
adof possession. no nn. whichever tctbt . e coolies, In g such
pallytitled to doe gloving crops. if any, as provided in Section 2 and well party shall be entitled to such
and quality. m an equivalent ordi', less any vlmicc proceeds 'reeked by Boyer covering L anvil 00 ui t can n
clot's, by file of other benefits. sl nil be home by k, f any. en
10.11 lE proceeds FSSEN benefits the EDIES.g b 1 innynn
inllA. 'I IME OF Eor SSISNCEII(F:a IEUN`5. I lore is uf'Lc essence hereof. If any is or cheek a<rircA at coolest money haemndrr o any oiler PRYnn<nt due
ILeeunAcr is no paid, Imnolcd or Ie'Weed when due, or if any tithe' obligation beteunde is not volumed o' waived as herein provided. Ih¢te shall be the following
¢dinI:
< PI IF heck one IS INly.)DEFAULT: M L
(Clee4 One box only.) ,plc ._ _.0
.[I(f}Snilen -0<rleemmnee. wentvucWunganfalue+c IthalLbe.-tfcitc il°I"1S°IIEc5MaILbalf
S myand-SellstmalJ0 mthaacu amag dathnnyJni<1sca5c�lr ll.unay-aMcHalreaullimwnla<ueb.ingl
ave
snFtlheb4 4p cilic-.taeurvR Na1FJa na loodls r. prer•5ar
111uie11UafP.<ibcp.durnlanw.-Jamnguo,nW dl
al (1) IIRnldotelUmmages.
thingsthat such payments t no prsi ld ines the susofion NB
n end'bt of value a de ;coined
d UAtiU UnNn Seller
a and (except provided inter be oelr ,cd
All payments tool triit of vduc re<dvul Imo enndcr shill be fnlrcled by Buyer and rtlmn<rl nn bdlulr of Shca end both pmucs shall Ihcreafar be rt gas
nom all 1 SELLER'S
15 AND O B is unmet
fic
art SI 1.1 EII's SOLE: AND ONLY REMEDY fog BaYci s fathom to perform the obligations ul phis contract. Seller
pet fottt020ee end additional damages.
(h) IF SELLER IS IN DEFAULT:
Buyer may elect to it cat this conned as cancelled, ill which care all payments mil things of value waived hettoady shall be taut nod and user may
¢rover sigh damages ns may be mope'. or Ili ycr may elect to tiens this contact as being in lull free nod circa and nuyei shell have die light to specific
pm fnanllllic• nr rininnicer, or bulb.
(e) COS IF AND EXPENSES.
Anything
ling Intl le euttoloyIeoan rimwoiettisbtnliog, lnneeevent
nhndi.nany
uoialimyiolt,h litigation 111 Ale out or lbllcoolladl the alflillelof Or cowl shell mud
Inge Iola ,
l�er`r.R
InI
950687
111Cv a e shviin'ms
1.meCUct AI EN OA i ION Of LEGAL COUNSEL. I,. Icy signing this document, Buyer and Seller acknrwledge 111^1 de Nddlin6 ompanFm°
i II<g,lmusalnc^ccsand L:n+eeanmendcidvi sableonmf toiIsenlCconsultationvith legal and lax or
Co,
other
11. lEItMINAIION. mtleel' nn scdion l9.
,dlev<rm os all ulilignlimrs herewith', sa 9ee
MIA l lUNF11115--I Imadlilg b.n6er-.—��
ns have been slimed as ga¢Y, subagency, or
I disclosed in writing 1 buyer Jam AJlomi relations' jpsar.a+o hole •v ncL indlJe buyer agency, seller n suba
npnny-hna advised iliac 11'13 Jucumrnl hnslrnpornl, and that it
A' the Title Company's
+ the title CompallY
19. CAi1NES f MONEY I) 151' UIE. �< mwlingtanddng any lerinlnallon of lids coati act, Boyer mud Seller epce sun de eve ill of any cnnlmversy regarding
agent shall ter be required m lake any action Ind may await any proceeding, or a(IA cle riardnsint age nfroIlion and sole discretion, may
Ire earned money mid things of value held byl,neheroreln.Jng agenp unless nmtanl written k..hnctInn, Ore eccbed by the rWJudIke earnest money and 11:11110 sts reMOnable orney vnloclead RS prudes
e11deposit
wringcsubmit
linterll. A l PINAInull laI•I's lF, moneys or ION: of DIAI ION. [Dull of ariseslbetween the pm lies r doling to this co nect(the poii es agrele to ru fees.
311.AE16nNAlin he par
aLL)lut anacceptable Ifdisportwiltlli
the Ji:pmm m nadiaimn.l he Pa ties will jointly appoint an acceptable mediator and `rill slime <nanlly in the cost of such, mediator. lfmediation proves nnne«ssml,
the par lies may shell I'1ocad wile such, smile, moats of 31isPu1C resolution as they to choose.
11. A 1)1)1 IIUNA I. PROVISIONS:
See the Addendum attached hereto for additional provisions
which are by this reference incorporated here its and made a
part hereof.
1s
1 . before signing this coed event this contract is a"ninnm.l, all payments is
value received hereunder shall be relmu¢J and the panics shall be
counsel
Nr6f,Lbl NF EC) h1PANMP11013101 + nail its llinpaso
Selling Company has furious 5 r � � � when received by Selling Company.
I,an IS.l NObEE' = e when received by lluycr, or, if this boa is checked L.I
IIC'E'IU PUYEIir-An9>rliccmllnycr shall be dfneei �ellewr-binline C^^n'^^Y
IS. NO l Aul. abaM,ecllucnh bavene,vw1bY
. 11. ]Y[RIC AI 101.LFN!-AnV Italia*
shall he valid, binding "Pon Inc parties, No subsequent modification of any of the toms of this rmnma
1L ENI lilt Ai ION 011'1111S 1IliaCON [PACE t relating to me subject hereof, arid any riioe agreements
enforceable unless made in writing and signed by We Par lies. their
1g. EPtheret AGdEEb oral l'- lien, have been
constitutes it lineal ve :tied loin
nth scnvec^ the parties
in Rlitin6. by Buyer arid Seller, ns evidenced by
ten29ning) I ICE, wFrAclrealA CE: COON I MIAIll5d nn'ibis Pmprs:l shallsexpire unless ,1y�9—1Rs evidece by thci in
_5_ept?ndler �-
39. NO I ICE OF ACCCI'1 ANCE: COON I LUPAiI I S. executed by each pally, sq,mmdy, and when each pm Iy
emus blow, and We ratting party receives mmice of sloe nulilugacceptance nil or copy
it this docnnrrot may be
rib' romp eel1iclimner. Seller end pmt' in
A <a lu armies.
aceyed, this drwnnnrnl shall
f lihcnnnc copies together skull be deemed e, be a hill and complete wool:tit between the p
era rr<�nrd a<mo�wc, I.NCd�rapi-
IIS 111:5001 CIS
"ryf-
/ Janet lC Peptem LGPney-in -Fac 994 Dale ofnnyeil signnitt1
sale of PnYo'r aiB,nannre �ePtenl6e)13,—�
Buyer's Adds e,3_1949_11rdadway,._SLe_36OO.,_henmer_,-CO BO202__---
/(� rte( --
sG__"-e OL(/� Q salter
1
i.,/_____—. 19 One ^I Seller's signature
Sellers Addrisiewlure_q_-__-_:12,_±_s-y D7 —r -c&
_ran-a%n.r.l / f o-Or-ProherJcelnlirnaL
Sdia's Address nB-Cemrang-van vt^
noel-Pre1vp).aobna•obd4ee-reeehPl-r1Juenn1euI-nn ai,V.d,Posit ni,,c fmrLiniwlimn l.+nd-Belli
font its Sedimr )m.
selling Com puny
Siena^e
1.111110 CO3m,any
Ni.. rug I nl Ir,,.,..1 id .1
y;,,, RAJ nab
uo„
li
Nf)1 El (Alain( lunlnellnng 11111114 FMlpntd'llhlhrllmeihln roNrael I, nigntdt
illy
,19
950687
ADDENDUM
to
Vacant Land/Farm and Ranch Contract to
B and
Sell Real Estate
Dated: September 994
between
HS Resources, Inc.,
a Delaware corporation
("Buyer")
and
Kenneth 1. Riddle and Joyce L. Riddle
("Seller")
The following provisions are hereby added to and made part of the
Vacant Land/Farm and 1 Ranch t iontractrt to oC Buyand
andlSellthis lAEstate
isC dated Septemberd14,
is attached. In the event of any conflict between any of the
terms set forth in the printed portion of the Contract and the
terms set forth in this Addendum, the terms set forth in this
Addendum shall control.
1. 'rile Company. The title insurance company issuing
the commitment pursuant to Section B of the Contract shall be
Chicago Title Insurance Company or another title insurance
company acceptable to Buyer (the "Title Company").
2. Delivery of Documents. On or before the fifteenth
day after the date hereof, Seller shall deliver to Buyer a trtru
complete, and legible copies of any and
affecting )or inanyway any
amendments or modifications thereto, plans, pants, and l eite J
relating to the Property, (ii) surveys,
maps of all or any part of the Propert erty, (iii)d r reports; ental
d
audits and reports; soils tests,
drainage reports prepared with respect to the Property,
(iv) notices of non-compliance or default from any governmental
or quasi-governmental
portion Jlthereof, andJJ(v)IJ any y ay other a documents li relatpingty,
to the Property which are in Seller's possession or control.
The foregoing documents are referred to herein collectively as
the "Additional Documents."
3. Serve . At any time after the date hereof, Buyer may,
at Buyer's expense, cause a perimeter survey of the Property to
prior to the closing, Buyer causes
be made or an existing perimeter survey of the Property to be
updated and recertified. If, Buyer shall furnish to
such a survey to be made or updated, Y At the closing,
Seller ea copy of such survey for
"eucosy")
Buyer t shall receive 50; uovided than thecost
reimburseements shall
any,
nC to exceed e00; l
include only the cost of the Survey and shall not include
eY she
cost of any surveys, tests, or other studies done at BuY
or its
request in connection with its evalu
Buyer
ation o
sf theProperty
Propertyentitled
efforts to obtain the Use Approvals.
to any reimbursement from Seller for the cost of the Survey if
this Contract is terminated for any reason other than a breach or
default by Seller.
4. Inspection. Buyer shall have a period of time
(the "Inspection Period") to test, inspect, and evaluate the
Property to determine, to Buyer's satisfaction, the suitability
of the Property for Buyer's intended purposes. During the
Inspection Period, Buyer may, at Buyer's expense, cause any
audits, tests, surveys, or other inspections to be conducted on
the Property that Buyer deems necessary or desirable,
without limitation, any environmental audits and soils tests
(the "Inspection Reports").
(A) h1134 Lion Period. The Inspection Period shall
commence on the date of this Contract and end on the 45th
day after such date.
I'9DATAW PIHAIC4\41m 10.2
September 19. 1994 J:46pm
950697
(B) Right to Terminate. If Buyer determines,
in Buyer's sole discretion, that the Property is not
or if
suitable for Buyer's intended purposes, Buyer
is not satisfied with any information contained in any
of the Title Documents, the Tax Certificate, the
Additional Documents, the Survey, or the Inspection
Reports, Buyer shall have the right to terminate this
Contract by giving written notice of termination to
Seller on or before the last day of the Inspection
Period. If Buyer terminates this Contract under this
Paragraph 4(B), all earnest money paid by Buyer
hereunder shall be returned to Buyer and each party
shall thereupon be relieved of all further obligations
under this Contract. If Buyer fails to deliver such
written notice to Selleon-or
beforet tothe
yC of
the Inspection Period,Buyer'sshall expire and
Contract under this Paragraph 4(B)
this Contract shall continue in full force and effect.
5. Approvals for_Use of Property. Buyer intends to use
the Property to develop and operate a treatment facility for
nonhazardous oil and gas exploration and production
Pnr iast)
(theewastes.
Buyer shall have a period of time (the "Approval")
to
obtain the permits, certificates, nts, and approvals
iprvlsg,
necessary to use the Property for such purposes,.
includ
without limitation, any necessary permits,
consents, or approvals from the loro Oil ado Piln andgGaspartment,
as
Conservation Commission, e Weld r
and the Colorado Department of Health (the "Use Approvals").
ov al. Period. The Approval Period shall
(A) npe—
commence on the date of this Contract and shall en on
the earlier of (i) six (6) months after the date of this
Contract or (ii) the Completion Date. As used herein,
the "Completion Date" shall mean that day which is the
fifth (5th) day after the day that Buyer obtains the final
permit or approval from all of the governmental authorities
faring gyfi„aintended jurisdiction
e o tover
ere the
Property.Use
Approvals necessary
(B) Cooperation by Seller. Seller shall join in,
support, and cooperate with Buyer's efforts to obtain the
Use Approvals; provided that Seller shall not be obligated
hereby to incur any out-of-pocket expense in connection with
such cooperation. If Seller is required to give its consent
to the Use Approvals, such consent shall not be unreasonably
withheld. Buyer agrees to keep Seller informedof vofs the
progress on its efforts to obtain the Use App
(C) Right to Terminate. If Buyer has not obtained
all necessary Use Approvals
at lsr, br
or efoe the last day Blast to be
the Approval Period,
exercised by written notice given to Seller on or before the
last day of the Approval Period, B,yerrshall
hall havectthe
ef right
to terminate this Contract by giving
termination to Seller on or before the last day of the
Approval Period. If Buyer a tersinatesys this
hisoContract byBuyerunder this ants oa phlSQ_
pursuant Co of the Contract shall be paid to
Sellernsiderat�al
fs g l
Contract 'runder thisPara4rap11 ai and each party r shall
nate thrs
thereupon beeievedaof allBfurthr errr obligatiooniaunder
nderrthis
Contract; provided
under this lag_r_g_ga-piLaila before the expiration of the
Inspection Period, the earnest money deposit shall be
returned to Buyer. If Buyer fails to deliver such written
notice to Seller on or before the last day of the Approval
Period, Buyer's right to terminate this Contract under this
Paragifull force andeffect.
hu shall
expire
and
this Contract shall
continue
950687
G. Access. Buyer, and any and all parties which Buyer
may designate, shall have the right of access to and from the
Property from and after the date hereof to and including the
earlier of the closing or the termination of thisaContract,
evaluate the
athe
all reasonable times, to inspect, survey, test,
Property, and perform any and all work or service necessarof the
y or
desirable whichr�worki connectionwith
include the y advancement of n or e soil n borings
Property,wells
and the installation of temporary ground water monitoring
on the Property. Seller shall cooperateand fully
lyrwitlh anyisuched by
ny such
evaluation or inspection made by Buyer, P
on or
Buyer. In the event that the closing does not occur, Buyer shall
repair and restore any ysical Buyeraltenationsdemade
dedbyaurld
to the Property and Buyer cost, claim, nor
harmless Seller from and against any loss, expense, including, without limitation, attorneys' fees, arising
Buyer,
out of any of the activities undertaken on thecluding, wproperty by limitation,
or at Buyer's instance ce or ring, wellsrradvanced or installed in or
any soil borings or monitoring
effoon lrCSPto oU[ainrl:he}Userk Approvals. ne in connection with Buyer's
7. Close_ ?a Date The closin, gof
otie mes sale es of
which Pe ropeety
from Seller to Buyer shall take p
15th day after the last day of the Approval Period.
B. Hazardous Substances. Seller hereby the date
byf represents
oand
his
warrants to Buyer, to Seller's knowledge,
Contract and as of the date of the closing, that:
(A) There are no hazardous, toxic, or other materials
or substances subject to regulation under any
applicable law, rule, code, or regulation,
including, without limitation, any petroleum
products or asbestos containing teria;or under
s
("Hazardous Substances"), in
the Property or in the ground waters underlying
the Property.
(B) There has been no production, generation, use,
disposal., or storage of any hazardous Substances
on, in, or under the Property or in the ground
waters underlying the Property.
(C) Seller has not received any claims, notices, or
directives from any governmental body with respect
to any Hazardous Substances.
(D) There are no underground storage tanks on the
Property.
(B) There are no environmental liens on the Property.
9. Surface Damage A0 reement. Buyer acknowledges that
which provides for the payment of
the Property is subject to a Surface Damage Agreement with Union
Pacific royalties, Co. ("UPR") ")
certain royalties by UPIi Co the owner of the surface of the Proprty or subsurfacer�mineralL rightst.h Slellere will d bee lopment of certain
entitled toretain
�i ments up to the date of the closing
all such royalty ll rights under the Surface Damage Agreement
Buyer will have all and
thereafter.
10. D sbur cement to Burns Wall adjustments Moebe made r. In
addnn the
closings to the other payments and adz
$4,015.36 will be
closing in accordance with the Cermr set forth in this Contract,
at the closing, a disbursement in of Mueller 5the
made to the law firm of Burns,
proceeds due to Seller.
11. agnlygl.
This Contract, and all obligations provided
herein, to the extent not fully satisfied and performed by or
950687
through the closing and the conveyance of title to the Property
hereunder, and all of the representations and warranties made
herein, shall survive the closing and the conveyance of title to
the Property.
12. Notices. All notices
ty sv ununder
g rhtthis
ismCoe ntract sshall
ll bee i
writing, signed bythe deemed
given when a copy thereof r is actually delivered, personally, by
by successful facsimile transeissi uin each
commercialy
courier, return receipt requested,
certified or registered mail,
case at the following addresses and facsimile numbers or such
the
other otaddresses
err bys and
given in n the n mannerers s provideder hereiarty may n:herein! notify
If to Seller: Kenneth I. Riddle and Joyce L. Riddle
532 North Louisa
Shawnee, Oklahoma 74001
Facsimile: (405) ?75-14.16
Telephone:
If to Buyer: BS Resources, Inc.
1999 Broadway, Suite 3600
Denver, Colorado 00202
Attention: Ms. Janet W. Basque
Facsimile: (303) 296-3601
Telephone: (303) 296-3600
13. Brokers. Buyer and Seller each hereby represents to
the other that it has not engaged any broker in connection with
the transaction contemplated herein. Seller shall indemnity, and hold harmless Buyer from and against any and all
defend, fees, or other compensation made by any
claims for commissions, age„t salesman, finder, or other person as
real estate broker, ay as contemplated by this
a result of the sale of atny express
Property implied commitment or
Contract on account Seller. Buyer shall indemnify, defend, and
hold undertaking made by against any real estate
mharmless fees, or f other compensationymade all claims for
brokerage,or other person as a result of
broker, agent, salesman, rfinder, Contract
the sale of ye Property
or ss implied conmidtmentthis
undertakings
account of any express
made by Buyer.
14. Govern Law' The validity and effect of this
Contract shall be determined in accordance with the laws of the
State of Colorado.
15. Days_. If any event or performance hereunder is
scheduled or required to occur on a date which is a Saturday,
Sunday, or legal state or federal holiday in Denver,
the date for such event or performance shall be extended to theor legal state or
next day which is not a Saturday, Sunday,
federal holiday in Denver, Colorado.
Kenneth
SELLER:
BUYER:
Riddle
BS RESOURCES, INC., a Delaware
corporation
By:
net W. PaSqlle.
ttorney-in-Fact
950687
EXHIBIT A
to
Vacant Land/Farm and Ranch Contract to Buy and - Sell Real Estate
Dated: September 14, 1994
(Legal Description]
Township 3 North,
Range 66 West of the Gth Principal Meridian:
Section 13 SE1/4
County of Weld,
State of Colorado.
o:wnTmrun 99 UGRlaI11981.1
Sep�nUcr 14. 1994 I:wpm
wl7.l
950687
Hello