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~r oloCt try Ci';oCIC!!1~ 1t!o $~^,'c~C°
<br />+ +F.Q n+"nn of Q~~rer R~„JgC r!'.3r ,
<br />C. 3. ., ,.. Cr.!..,, ~, .~ l , ~~R
<br />-. ~...., ,.,.+ ~ jinn nQ~ tt;vr°vtCi, tv pe'rchas° the roal property l~c3t°d 2t
<br />~2n,.• P,,.. ~i~ a
<br />i~i!iSvC! ~Aills pC~d, AAS1 olr~ \~illaye~ (`Y.y~hn~M ('n~~r!ir~ QF'?!^., CC.^.Q!Qtln~j"' Cf
<br />c .!.~nr! irlentiforl b~ DeRn~non+ O~rrwl r1rJ. $31.37-1Jf1~ and
<br />~R;7+ 1 Q V''1 VJ Q IV MVO
<br />f~!±+,er deS~ !hors L+n Gvhihi! ;4 8ttachnrrl ForofC ~nrd inCCr~CrwfPri haro!n ~nri ac
<br />shc:;'n on Fxh!blt R attachefd hereto an'd inccrprrated here:n, in which case the
<br />term "PrC; er l'" ShMlt inC!l:de said pMrrrol~
<br />R~~yAr nr~gCtS tC rn,~-'.rr.1'!~gP the ~?rCol (lacCrihorl i(! thia CaCtinn ~l.f'-.
<br />Ci~n2fi trg;
<br />tnnottior timith all pagcmcntc a~~Llrtonanrec {i~htC ~iyilegeg and l'!eredit?!'rlontc
<br />~'v" ri t._ a.._ t_. o. ~_.._.
<br />2Frp''tainln~ Cheret^ or thereunto helC.^.C~'[rl~, al! ght ti la nri in Arad f ~allar in
<br />and to any !and lying in the bed of any highway, street, read 4r avenue, open or
<br />proposed, in front of, abut#ing, or ad;oir?ing the property, al! buildings,
<br />imprQyeT.entS located thgrwc~n r>r attached, and a!1 electrical. heat!ng, plumbing
<br />and other f[xiures located thereon (including but nQt G_rni#ed tg all pews, lout
<br />excepting thQrefrom those items identified on exhibit G attached hereto}, as well
<br />as all leases, licenses: certificates: approvals: au#horizations ar perrnit5 with
<br />respect to said properties.
<br />Z, Purchase Price. The purchase price (the "Purchase Price") for the
<br />Property (excluding the parcel described in Section 9.G} shall be Two Million [?ol!ars
<br />($2.OtJO;000.001; or; if 19uyer elects to purchase the parcel described in Section t.C, Two
<br />Million One Hundred Thousand Dollars ($2,100:400.00), payable as follows:
<br />A. the Aurchase .Price shall be paid by Buyer to 5e1ler in cash,
<br />cashier's check ar other immediately available funds as follows:
<br />Date Amount
<br />October 31, 1999 X500,000.00
<br />(subiect to Section ZF.)
<br />January 2, 2000 ~~~~•00
<br />January 2. 2009 ~ 500,000.00 .
<br />January Z, ZOOZ 500,000.00
<br />B. In the event that buyer elects to-purchase Permanent Pares!
<br />Number 831-37-008 for additiortat consideration ofi 8100,tI0D.00 pursuant to
<br />Sectlon 1C. above, each of the payments required on the dates designated in
<br />Section 2A. shall be $325,ODt?.Ot).
<br />C. Buyer`s obligation to pay the Purchase Price wilt be represer!ted
<br />by a Promissory Note payable to Seller, and secured by a purchase money
<br />mortgage, such Promissory Note-end Mortgage to be delivered by Buyer at
<br />Closing. Buyer shall have the option of prepaying any amounts described in this
<br />Section 2 at any time, without penalty.
<br />D: The parties acknowledge and agree that Buyer shalt pay to Seller
<br />instatlrrlertts of the Purchase Price as described to 5tctton 2A, or Section 2P (i}
<br />even if the Cbsing has not yet occurred prior to any of the dates for payment of
<br />
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