HomeMy WebLinkAbout962093.tiff •
The printed portions of this form have been approved •
by the Colorado Real Estate Commission.(CBS 3-9-95)
THIS FORM I LAS IMPORTANT LEGAL CONSEQUENCES AND TI IE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL.BEFORE SIGNING.
VACANT LAND/FARM AND RANCH
CONTRACT TO BUY AND SELL REAL ESTATE
March 5 19 96
I. PARTIES AND PROPERTY. T3^3 Company and/or Assigns
,buyer(s)[Buyer],(as joint tenants/tenants in common)
agrees to buy,and the undersigned seller(s)[Seller),agrees to sell,on the terms and conditions set forth in this contract,the following described real
estate in the County of Weld • ,Colorado,to wit:
Lot 1 Klock 2 Kahn Subdivision. Approximately 2.7 scree, more or Lees, Weld
County, Colorado to be determined by A survey.
TM) Weld County Road 24 Longmont CO 80504 ,
known as No.
Street Address City State Zip
together with all interest of Seller in vacated streets and alleys adjacent thereto,all easements and other appurtenances thereto,all improvements
thereon and all attached fixtures thereon,except as herein excluded(collectively the Property).
2, INCLUSIONS/EXCLUSIONS. The purchase price includes the following items(a)if attached to the Property on the date of this con-
tract:lighting,heating,plumbing, ventilating,and air conditioning fixtures,TV antennas,water softeners,smoke/fire/burglar alarms,security
devices,inside telephone wiring and connecting blocks/jacks,plants,mirrors,floor coverings,intercom systems,built-in kitchen appliances,sprinkler
systems and controls,built-in vacuum systems(including accessories),and garage door openers including remote controls;(b)if on the
Property whether attached or not on the date of this contract:storm windows,storm doors,window and porch shades,awnings,blinds,screens,
curtain rods,drapery rods,fireplace inserts,fireplace screens,fireplace grates,heating stoves,storage sheds,all keys and(c)
100% of all mineral rights owned by Sellers subject to inspection end acceptance
td Purchaser within 25 days of acceptance of this offer.
(d)Water Rights. Purchase price to include the following water rights:
Rol ,
(e)Growing Crops. With respect to the growing crops Seller and Buyer agree as follows:
None
•
Pone
The above-described included items(Inclusions)are to be conveyed to Buyer by Seller by bill of sale,
deed or other applicable legal instrument(s)at the closing,free and clear of all taxes,liens and encumbrances,except as provided in Section 12.The
following attached fixtures are excluded from this sale:
The Seller agrees to not crop lease the subject property for the 1996 grossing
crop season.
3. PURCHASE PRICE AND TERMS. The purchase price shall be$ ,payable in U.S.dollars by Buyer as
follows:(Complete the applicable terms below.)
(y))�� 99 Fromttieory Note to be converted to cash within 6 days of
j UF�aJ"Mel' acceptance of contract
$ U in the romp(of ,as earnest money deposit and part payment of the purchase
It e:(Mum, 01 Longmont:, loc. ,broker,in its trust
price,payable to and held by
account on behalf of luchSillett0 Bo r.Broker is authorized to deliver the earnest money deposit to the closing agent,if any,at or before closing.
The balance of$ (purchase price less earnest money)shall be paid as follows:
(b)Cash at Closing.
$ ,plus closing costs,to be paid by Buyer at closing in funds which comply with all applicable Colorado laws,which
include cash,electronic transfer funds,certified check,savings and loan teller's check,and cashier's check(Good Funds).Subject to the provisions of
Section 4,if the existing loan balance at the tir it gglosing shall be different from the loan balance in Section 3,the adjustment shall be made in
Good Funds at closing or paid as follows:
(c)New Loan.
$ by Buyer obtaining a new loan.This loan will be secured by a(1st,2nd,etc.) deed of trust.
The loan shall be amortized over a period of years at approximately $ per
including principal and interest not to exceed %per annum,plus,if required by Buyer's lender,a deposit of
of the estimated annual real estate taxes,property insurance premium,and mortgage insurance premium.If the loan is an adjustable interest rate or
graduated payment loan,the payments and interest rate initially shall not exceed the figures set forth above.
Loan discount points,if any,shall be paid to lender at closingand shall not exceed %of the total loan amount.Notwithstand-
ing the loan's interest rate,the first loan discount points shall be paid by
and the balance,if any,shall he paid by
Buyer shall timely pay a loan origination fee not to exceed %of the loan amount and Buyer's loan costs. 962093
No.CBS3-9-95. \ALANt LAND/FARM AM)RANCH CONTRACTTO BUY AND SELL REAL ESTATE Page l of 4
Initial
(d)Assumption.
by Buyer's assuming and agreeing to pay an existing loan in this approximate amount,presently payable at
$ per including principal.interest presently at %per
annum, and including escrow for the following as indicated: L7 real estate taxes, 0 property insurance premium, 0 mortgage insurance premium, and
.Buyer agrees
to pay a loan transfer fee not to exceed$ .At the time of assumption,the new interest rate shall not exceed %per annum
and the new payment shall not exceed$ principal and interest,plus escrow,if any.
Seller 0 shall 0 shall not be released from liability on said loan.If applicable,compliance with the requirements for release from liability shall be evidenced
by delivery at closing of an appropriate letter from lender.Cost payable for release of liability shall be paid by
in an amount not to exceed$
(e)Seller or Private Third-Party Financing.
$ by Buyer executing a promissory note payable to:
on the note form as indicated:(Check one box only.)
❑Right-to-Cure NTD 82-11-83 ❑No Right-to-Cure NTD 81-11-83 0
secured by a(1st,2nd,etc.) deed of trust encumbering the Property,using the form as indicated:(Check one box only.)
❑Strict Due-on-Sale(TD 72-11-83) ❑Creditworthy(TD 73-11-83) ❑Assumable-Not due on sale(TD 74-11-83)
The promissory note shall be amortized on the basis of years,payable at$ per
including principal and interest at the rate of %per annum.Payments shall commence
and shall be due on the day of each succeeding .If not sooner paid,the balance of principal and
accrued interest shall be due and payable after closing.Payments 0 shall 0 shall not be
increased by of estimated annual real estate taxes,and 0 shall ❑shall not be increased by of estimated annual property
insurance premium.
The loan shall also contain the following terms as indicated:If any payment is not received within calendar days after its due date,a late charge of
%of such payment shall be due.Interest on lender disbursements under the deed of trust shall he %per annum.Default interest
rate shall be %per annum.
Buyer may prepay without a penalty except
4. FINANCING CONDITIONS AND OBLIGATIONS.
(a)Loan Application(s). If Buyer is to pay all or part of the purchase price as set forth inGection 3 by obtaining a new loan or if an existing loan is not to be
released at closing,Buyer,if required by such lender,shall make written application within calendar days from acceptance of this contract.Buyer shall
cooperate with Seller and lender to obtain loan approval,diligently and timely pursue same in good faith,execute all documents and furnish all information and
documents required by the lender,and,subject to Section 3,timely pay the costs of obtaining such loan or lender consent.
(b)Loan Approval. If Buyer is to pay all or part of the purchase price by obtaining a new loan as specified in Section 3,this contract is conditional upon lender's
approval of the new loan on or before ,19 .If not so approved by said date,this contract shall terminate.
(c)Existing Loan Review. If an existing loan is not to be released at closing,Seller shall provide copies of the loan documents(including note,deed of trust,
modifications)to Buyer within calendar days from acceptance of this contract. This contract is conditional upon Buyer's review and approval of the
provisions of such loan documents. Buyer consents to the provisions of such loan documents if no written objection is received by Seller from Buyer within
calendar days from Buyer's receipt of such documents.If the lender's approval of a transfer of the Property is required,this contract is conditional
upon Buyer's obtaining such approval without change in the terms of such loan,except as set forth in Section 3.If lender's approval is not obtained on or before
,19 ,this contract shall be terminated on such date.If Seller is to be released from liability under such existing loan
and Buyer does not obtain such compliance as set forth in Section 3,this contract may be terminated at Seller's option.
(d)Assumption Balance. If Buyer is to pay all or part of the purchase price by assuming an existing loan and if the actual principal balance of the existing loan at
the date of closing is less than the amount in Section 3 and the amount of cash required from Buyer at closing is increased by more than$
then Buyer may terminate this contract effective upon receipt by Seller of Buyer's written notice of termination.
(e)Credit Information. If Buyer is to pay all or part of the purchase price by executing a promissory note in favor of Seller or if an existing loan is not to be
released at closing,this contract is conditional upon Seller's approval of Buyer's financial ability and creditworthiness,which approval shall be at Seller's sole and
absolute discretion.In such case:(I)Buyer shall supply to Seller on or before ,19 ,at Buyer's expense,information and
documents concerning Buyer's financial,employment and credit condition;(2)Buyer consents that Seller may verify Buyer's financial ability and creditworthiness;
(3)any such information and documents received by Seller shall be held by Seller in confidence,and not released to others except to protect Seller's interest in
this transaction;(4)if Seller does not provide written notice of Seller's disapproval to Buyer on or before ,19
then Seller waives this condition.If Seller does provide written notice of disapproval to Buyer on or before said date,this contract shall terminate.
5. APPRAISAL PROVISION. (Check only one box.)This Section 5 0 shall 0 shall not apply.
If this Section 5 applies,as indicated above,Buyer shall have the sole option and election to terminate this contract if the purchase price exceeds the Property's
Buyer.
etter
valuation determined by an appraiser engaged by .The contract shall terminate by the
Buyer causing the Seller to receive written notice of erm' do And a f such appraisal or written notice from lender which confirms the Property's valuation is
AptYi JD, f47t�P
less than the purchase price,on of before (Appraisal Deadline).
If Seller does not receive such written notice of termination on or before the appraisal deadline,Buyer waives any right to terminaAte undegr this section.
?Uri:Tills or
6. COST OF APPRAISAL. Cost of any appraisal to be obtained after the date of this contract shall be timely paid by
7. NOT ASSIGNABLE. This contract shall not be assignable by Buyer without Seller's prior written consent.Except as so restricted,this contract shall inure
to the benefit of and be binding upon the heirs,personal representatives,successors and assigns of the parties.
8. EVIDENCE OF TITLE. Seller shall furnish to Buyer,at Seller's expense,either a current comniiilli r for agvsner'siti l§dtsurance policy in an amount
equal to the purchase price or at Seller's choice,an abstract of title certified to a current date,on or before
(Title Deadline).If a title insurance commitment is furnished,Buyer may require of Seller that
copies of instruments(or abstracts of instruments)listed in the schedule of exceptions(Exceptions)in the title insurance commitment also be furnished to Buyer at
Seller's expense.This requirement shall pertain only to instruments shown of record in the office of the clerk and recorder of the designated county or counties.The
title insurance commitment,together with any copies or abstracts of instruments furnished pursuant to this Section 8,constitute the title documents(Title Docu-
mente)tnuyer,or Buyer's designee,must request Seller,in writing,to furnish copies or abstracts of instruments listed in the schedule of exceptions no later than
calendar days after Title Deadline.If Seller furnishes a title insurance commitment,Seller will pay the premium at closing and have the title insurance
policy delivered to Buyer as soon as practicable after closing.
9. TITLE.
(a)Title Review. Buyer shall have the right to inspect the Title Documents or abstract.Written notice by Buyer of unmerchantability of titleloj of any other
unsatisfactory title condition shown by the Title Documents or abstract shall be signed by or on behalf of Buyer and given to Seller on or before calendar
days after Title Deadline,or within five(5)calendar days after receipt by Buyer of any Title Document(s)or endorsement(s)adding new Exception(s)to the title
commitment together with a copy of the Title Document adding new Exception(s)to title.If Seller does not receive Buyer's notice by the date(s)specified above,Buyer
accepts the condition of title as disclosed by the Title Documents as satisfactory.
No.CBS3-9-95. Page 2 of 4 •
Initial
(b)Matters Not Shown by the Public Records. Seller shall deliver to Buyer,on or before the Title Deadline set forth in Section 8,true copies of all lease(s)and
survey(s)in Seller's possession pertaining to the Property and shall disclose to Buyer all easements,liens or other title matters not shown by the public records of
which Seller has actual knowledge.Buyer shall have the right to inspect the Properly to determine if any third party(s)has any right in the Property not shown by the
public records(such as an unrecorded easement,unrecorded lease,or boundary line discrepancy).Written notice of any unsatisfactory condition(s)disclosed by Seller
or revealed by such inspection shall be signed by or on behalf of Buyer and given to Seller on or before I Wre)) •� ,19
96
If Seller does not receive Buyer's notice by said date,Buyer accepts title subject to such rights,if any,of third parties of which Buyer has actual knowledge.
(c)Special Taxing Districts. SPECIAL.TAXING DISTRICTS MAY BE SUBJECT TO GENERAL OBLIGATION INDEBTEDNESS THAT IS PAID BY REVENUES PRODUCED
FROM ANNUAL TAX LEVIES ON TILE TAXABLE PROPERTY WITHIN SUCH DISTRICTS. PROPERTY OWNERS IN SUCII DISTRICTS MAY BE PLACED AT RISK FOR
INCREASED MILL LEVIES AND EXCESSIVE TAX BURDENS TO SUPPORT THE SERVICING OF SUCH DEBT WHERE CIRCUMSTANCES ARISE RESULTING IN THE INABILITY
OF SUCH A DISTRICT TO DISCHARGE SUCII INDEBTEDNESS WITHOUT SUCII AN INCREASE IN MILL LEVIES.BUYER SIIOULD INVESTIGATE TILE DEBT FINANCING
REQUIREMENTS OF THE AUTHORIZED GENERAL OBLIGATION INDEBTEDNESS OF SUCH DISTRICTS,EXISTING MILL LEVIES OF SUCII DISTRICT SERVICING SUCH
INDEBTEDNESS,AND TILE POTENTIAL FOR AN INCREASE IN SUCII MILL LEVIES.
In the event the Property is located within a special taxing district and Buyer desires to terminate this contract as a result,if written notice is given to Seller on or
before the date set forth in subsection 9(b),this contract shall then terminate.If Seller does not receive Buyer's notice by the date specified above,Buyer accepts the
effect of the Property's inclusion in such special taxing district(s)and waives the right to so terminate.
(d)Right 10 Cure. If Seller receives notice of unmerchantability of title or a to the date of other
unsatisfactory closingof Stle eller condition(s)
corrects provided said in subsection
(a)or(b)above,
Seller shall use reasonable effort to correct said unsatisfactory title condition(s)prior
)
on or before the date of closing,this contract shall then terminate;provided,however,Buyer may,by written notice received by Seller,on or before closing,waive
objection to said unsatisfactory title condition(s). AFT.11 l5• 1996 ,with a Seller's Property
10. INSPECTION. Seller agrees to provide Buyer on or before
Disclosure form completed by Seller to the best of Seller's current actual knowledge.Buyer or any designee,shall have the right to have inspection(s)of the physical
condition of the Property and Inclusions,at Buyer's expense.If written notice of any unsatisfactory condition,signed by or on behalf of Buyer,is not received by Seller
on or before Apt t3) l ,19_`L_L(Objection Deadline),the physical condition of the Property and Inclusions shall be deemed
to be satisfactory to Buyer.If such notice is received by Seller as set forth above,and if Buyer and Seller have not agreed,in writing,to a settlement thereof on or before
Ap'4.). 26 19 1J it
.) (Resolution Deadline),this contract shall terminate three calendar days following the Resolution Deadline;
unless,within the three calendar days,Seller receives written notice from Buyer waiving objection to any unsatisfactory condition.Buyer is responsible for and shall
pay for any damage which occurs to the Property and Inclusions as a result of such inspection. 19 96 ,o by mutual agreement at an earlier date.The hour
11. DATE OF CLOSING. The date of closing shall be Augur)t 15
�)
•
and place of dosing shallTI as designated by
:•�:i..k nl I. .n mnrxt , Zltt .
12. TRANSFER OF OF TITLE. Subject to tender or payment at closing as required herein and compliance by Buyer with the other terms and provisions hereof,
Seller shall execute and deliver a good and sufficient t; T n g:t ney deed to Buyer,on closing,conveying the Property free and
clear of all taxes except the general taxes for the year of closing,and except rl PmC 1 )1 sit 11aEi Srt.'n`. d1,a CY1etn
.Title shall be conveyed free and clear of all liens for special improvements
installed as of the date of Buyer's signature hereon,whether assessed or not;except(i)distribution utility easements(including cable TV),(ii)those matters reflected
by the Title Documents accepted by Buyer in accordance with subsection 9(a),(iii)those rights,if any,of third parties in the Property not shown by the public records
in accordance with subsection 9(h),(iv)inclusion of the Property within any special taxing district,and(v)subject to building and zoning regulations.
13. PAYMENT OF ENCUMBRANCES. Any encumbrance required to be paid shall he paid at or before closing from the proceeds of this transaction or
from any other source.
14. CLOSING COSTS, DOCUMENTS AND SERVICES. Buyer and Seller shall pay,in Good Funds,their respective closing costs and all other items
required lobe paid at closing,except as otherwise provided herein.Buyer and Seller shall sign and complete all customary or required documents at or before closing.
Fees for real estate closing services shall not exceed$
1:5•on and shall be paid at closing by 507• e qua I y by rstrrhwtier
arid t rill]) )r C .The local transfer tax of •Ol)1 %of the purchase price shall be paid at closing
by Pnrrhene•T .Any sales and use tax that may accrue because of this transaction shall
be paid when due by Ceile:r• if Nr"'
15. PROBATIONS. General taxes for the year of closing,based on the taxes or the calendar year
fri q immediately l Y't preceding o closing, rents,water and sewer
charges,owner's association dues,and interest on continuing loan(s),if any,and 1,1114•C
) j shall be prorated to date of closing.
16. POSSESSION. Possession of the Property shall be delivered to Buyer as follows:
Trainof't'r s i Band
,subject to the following lease(s)or tenancy(s):
t Coro
.If Seller,after closing,fails to deliver possession on the date herein specified,Seller shall be subject to
eviction and shall be additionally liable to Buyer for payment of$
i 00•U(1 per day from the date of agreed possession until possession is delivered.
17. CONDITION OF AND DAMAGE TO PROPERTY. Except as otherwise provided in this contract,the Property and Inclusions shall be delivered in the
condition existing as of the date of this contract,ordinary wear and tear excepted.In the event the Property shall be damaged by fire or other casualty prior to time of
closing,in an amount of not more than ten percent of the total purchase price,Seller shall be obligated to repair the same before the date of closing.In the event such
damage is not repaired within said time or if the damages exceed such sum,this contract may be terminated at the option of Buyer.Should Buyer elect to carry out
this contract despite such damage, Buyer shall be entitled to credit for all the insurance proceeds resulting from such damage to the Property and Inclusions,not
exceeding,however,the total purchase price.Should any Inclusion(s)or service(s)fail or be damaged between the date of this contract and the dale of closing or the
date of possession,whichever shall be earlier,then Seller shall he liable for the repair or replacement of such Inclusion(s)or service(s)with a unit of similar size,age
and quality,or an equivalent credit,less any insurance proceeds received by Buyer covering such repair or replacement.The risk of loss for any damage to growing
crops,by fire or other casualty,shall be borne by the party entitled to the growing crops,if any,as provided in Section 2 and such party shall be entitled to such
insurance proceeds or benefits for the growing crops,if any.
15. TIME OF ESSENCE/REMEDIES. Time is of the essence hereof.If any note or check received as earnest money hereunder or any other paymedl due
hereunder is not paid,honored or tendered when due,or if any other obligation hereunder is not performed or waived as herein provided,there shall be the following
remedies:
(a) IF BUYER IS IN DEFAULT:
(Check one box only.)
CI (I) Specific Performance.
Seller may elect to treat this contract as cancelled,in which case all payments and things of value received hereunder shall be forfeited and retained on behalf
of Seller,and Seller may recover such damages as may be proper,or Seller may elect to treat this contract as being in full force and effect and Seller shall hive
the right to specific performance or damages,or both.
❑(2) Liquidated Damages.
All payments and things of value received hereunder shall be forfeited by Buyer and retained on behalf of Seller and both parties shall thereafter be released
from all obligations hereunder.It is agreed that such payments and things of value are LIQUIDATED DAMAGES and(except as provided in subsection(c))
are SELLER'S SOLE AND ONLY REMEDY for Buyer's failure to perform the obligations of this contract.Seller expressly waives the remedies of specific
performance and additional damages.
(b) IF SELLER IS IN DEFAULT:
Buyer may elect to treat this contract as cancelled,in which case all payments and things of value received hereunder shall be returned and Buyer may
recover such damages as may be proper,or Buyer may elect to treat this contract as being in full force and effect and Buyer shall have the right to specific
performance or damages,or both.
(c) COSTS AND EXPENSES.
Anything to the contrary herein notwithstanding,in the event of any arbitration or litigation arising out of this contract,the arbitrator or court shall award
to the prevailing party all reasonable costs and expenses,including attorney fees.
No.CBS3-9-95. Page 3 of 4
y •
19. EARNEST MONEY DISPUTE. Notwithstanding any termination of this contract,Buyer and Seller agree that,in the event of any controversy regarding
the ent,unless mutual written instructions are received y arnest money and things of
value,earnest
broker
or cl and osing agent nt shall not he required to take any ar ot closing ct on but may await any proceeding,or at broker's or b closing agen holder t's opf thetion and sole discretion,may
interplead all parties and deposit any moneys or things of value into a court of competent jurisdiction and shall recover court costs and reasonable attorney fees.
20. ALTERNATIVE DISPUTE RESOLUTION:MEDIATION. If a dispute arises relating to this contract,and is not resolved,the parties and broker(s)
involved in such dispute(Disputants)shall first proceed in good faith to submit the matter to mediation.The Disputants will jointly appoint an acceptable mediator the entire is not rand will share equesting mediation y in the cost is sent by one such Disputant D spu ant to ton. In the the other(s),the t mediation,unllesseotherw se agreed,within
shall terminate.This secalendaction shall nots from te alerte anyrdate notice this
contract,unless otherwise agreed.
21. ADDITIONAL PROVISIONS: (The language of these additional provisions has not been approved by the Colorado Real Estate Commission.)
Thie tontr tip c in c prer.t:l.y cell EittKent upon the following. In the emut any of the
following conditions or contingencies cry not raet this offer nlral.l be deemed null
and void.
•
1. Putcl,ti, rc and Sellers legal and +eecountitl;, counsel approval of thin contract. by
April 30, 1996.
2. Sellers, rt tiae2r stole expense, nh::ii by May 25, 1996, provide anducceptable to
Purchaser F..1'.A. KPvlrotenetetal Inspection Report (Phase One).
3. purcito:t"re: and Sellers reserve the right to a tax flee exchange provided it dodo
not ne)tntivnlJ affect any perty' r trx congeequencee.
4. Purchaser's eeceoptr.nc.t and writ isatit p of o.11owchle zoning; Availability or
building p'rnit, utility cyst/Ability, ingress egress acceptance. In Addition to
acceptaate to Purchaser tivencing by April 30, 1996.
5. Sellers' Acceptance of Colorado Deportment of Trt.ncportution purchaeo of remitting
groupd of subject property.
6. Seller 'atoll trot.star rub,lect property free of ens:unbrancen and eliminate roar.
.tinprovetr,ent agreement with l 'eid County on Weld County Rorid 24.
7. Purchaser agrees to cooperato with ti 1031 Tax Free },:change (Seller) no long an it
does net negatively Affect Purchaser 's EAR ccntequelce.
Purchase price is bawd et $7.25 per cn unto loot to be adjusted up or down and determined
by t}llaefinal ;dott and survey cre;,tod by the Colorado Department of Transportation. Daid
survey to be subject to Purch-^:arr acceptance.
22. RECOMMENDATION OF LEGAL COUNSEL. By signing this document, Buyer and Seller acknowledge that the Selling Company or the Listing
Company has advised that this document has important legal consequences and has recommended the examination of title and consultation with legal and tax or
other counsel before signing this contract.
23. TERMINATION. In the event this contract is terminated,all payments and things of value received hereunder shall he returned and the parties shall be
relieved of all obligations hereunder,subject to Section 19. C, Inc. _
24. SELLING COMPANY BROKER RF'LA'fIONSIIIP "The selling broker, "if Dr l•r?tit;m0— jrims:tc t Inc Brok rev
,and its salespersons have been engaged as
•
Selling Company has previously disclosed in writing to the Buyer that different relationships are available which include buyer agency,seller agency,subagency,or
transaction-broker.
25. NOTICE TO BUYER. Any notice to Buyer shall be effective when received by Buyer,or,if this box is checked Iffi when received by Selling Company.
26. NOTICE TO SELLER. Any notice to Seller shall be effective when received by Seller or Listing Company.
27. MODIFICATION OF TIIIS CONTRACT. No subsequent modification of any of the terms of this contract shall be valid,binding upon the parties,or
enforceable unless made in writing and signed by the parties.
28. ENTIRE AGREEMENT. This contract constitutes the entire contract between the parties relating to the subject hereof, and any prior agreements
pertaining thereto,whether oral or written,have been merged and integrated into this contract.
29. NOTICE OF ACCEPTANCE:COUNTERPARTS. This proposal shall expire unless accepted in writing,by Buyer and Seller, as evidenced by their
ar S
signatures below,and the offering party receives notice of such acceptance on or before
, 19 9h (Acceptance Deadline).If
accepted, e d by each has executedsa copy shall
copiesctaken togetherhact between allller and Buyer.A be deemed to be a copy
ull andts co complete content racy tt between¢the parties.party,separately,and when each party
Buyer
Buyer
Date of Buyer's signature -% , 19 Date of Buyer's signature
9
Buyer's Address
Seller
Seller
Date of Seller's signature
19 Date of Seller's signature , 19
P. 0. Box 66. Grrolve, CO 8063:
Seller's Address
The undersigned Broker(s)acknowledges receipt of the earnest money deposit specified in Section 3,and Selling Company confirms its Broker Relationship as set
forth in Section 24.
Fe/tax of Longmont , inc. , 2350 17th Avenue, Longmont, CO 80503
Selling Company Name and Address
19
By: Date
Signature
Y.v/tent,( of l.oeai:moat, lr•,r. , 2350 17th Avoouv, Longmont, CO 80503
Listing Company Name and Address
, 19
By: Date
Signature
NOTE:Closing Instructions should be signed at the time this contract is signed.
No.CBS3-9-95. Page 4 of 4
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a.uosewal .l ) of longmont, Inc.
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Wig Mao 17th avenue
bngt (303)t7724.u060609
TI O t COMM.
mum TANT 1L70 comiaQuiNtnis
AND TBR HUMUS SHOULD CONSULT W AAL
COUNTERPROPOSAL
March 14 :10 96
WI",
RR Proposed contract to buy and sell the following described real tame in the Coma
C0100tdoe to wit:
Lot 1 Block 2 Rahn Subdivision Weld County, Colorado
blown asps TIP Wald County Road 24. Longmont gtCO 60502
�mss •Ciq Ki1Con 4, uahu and SdH3n 6, Rahn
dated March 5 , 19 96 ,between
• Seller, sod , Buyer.
• The undersigned accepts the proposed contract.sultect to the following amendments:
1. Contract acceptance date #29 original contract is hereby extended to March 25, 1996.
2. Receipt of title conmitstent'is extended to April 10, 1996. Acceptance or rejection '
is hereby extended to April 20, 1996. 08 original contract,
3. Matters not shown by public record #9I original contraet`ia hereby extended to
April 20, 1996. charge provide 4. appraisal obtainedlan the subject cellars
The urcers subject pz pertywhen copy of the loan
completed,
d the 5. The 2 original rcontract shall be subject the state of otodo au purchasereandnsellerdacceptancerovision
6. Rollers shall by' April 20, 1996 verify to their satisfaction that the read
improvement agreement with Weld County can be eliminated as a first deed of trust
on the subjent property, Raid verification shall be in the physical release
being filed, or written verification satisfactory to sellers, In the event the
verification is not satisfactory to sellers, sellers may texminate this centraet
at their option without penalty.
7. Original contract additional provision 021E Purchase price language amended
to the read Purchase price to.be figured at 97,25 per square foot, the multiplier
to be adjusted up or down by the amount of land created by the survey by the
Colorado Department of Transportation. Said survey to be acceptable to purchasers
and seliars.
All other trams ad coadlaow shall remain the Spam. TON coonusrp owowl than miles awePad to
OS diwatojea below,and me omen party to gds boo n m motives soda
writing.by Boyer at Samoa evidenced 4 it bpd,the proposed coobiot,as amended hereby, Shall
became a canna between Soils and Buyer.
fi-/ s l r/
r-4,4_ a ���r � f.PrCrre^til /
Met(s) /, ( C /�
GT*�^/1l I F ,19 <'- Dab ofSOB�'e.Eawts* / set 4dl (7',tY
Dee of Moo a�e.tme ---
sows
Barre)
Der re Duyels atyrw % 1p Doe et Bunts skeenee ,
Bayer's Mena
N.B. When Ode counterropoal fora le used,the proposed cannel is not to be by the petty IOWA'dds
cou lteprosal, Tame totmtetpropoed mat be sewNdy at uied to tee rooted
r 303 772 3376 03-15-96 d1' 31PPF F001 $131
-A7.
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