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(c) Rights and Appurtenances. All rights and appurtenances pertaining to the <br />foregoing, including but not limited to any right, title and interest of Seller in and to streets, gores, <br />alleys or rights-of-way lying adjacent to the Land. <br /> <br /> 2. PURCHASE PRICE <br /> <br /> The purchase pdce for the Property (the "Purchase Price") shall be TWO MILLION <br />AND NO/100 DOLLARS ($2,000,000.00) and shall be payable as follows: <br /> (a) Purchaser shall deliver to the Title Company (as hereinafter defined), within <br />five (5) days after the date of mutual execution of this Agreement, Purchaser's check in the amount <br />of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) as earnest money and <br />part payment of the Purchase Price (the "Earnest Money"), which Earnest Money shall be held by the <br />Title Company in an interest bearing escrow account on the terms set forth herein. Purchaser and <br />Seller agree that they shall execute the escrow instructions reasonably required by the Title Company <br />in connection with the escrowing of the Earnest Money. Upon satisfaction or expiration of the <br />Inspection Period, the Earnest Money, together with interest earned thereon (which for purposes of <br />this Agreement is considered part of such Earnest Money), shall be paid to Seller and shall continue <br />to be governed by the terms of this Agreement. <br /> (b) Purchaser shall receive a credit to the Purchase Price at Closing (as hereinafter <br /> defined) in an amount equal to the Earnest Money plus any interest accrued thereon while the same <br /> was on deposit with the Title Company in the interest-bearing escrow account. <br /> (c) Purchaser shall pay the balance of the Purchase Price by certified check, wire <br /> transfer or other immediately available funds ("Good Funds") at the Closing. <br /> <br /> 3. TITLE/SURVEY <br /> <br /> (a) Within twenty (20) days after mutual execution of this Agreement, Seller shall <br />procure and deliver to Purchaser (i) a certificate of taxes due on the Property and (ii) evidence of <br />good and marketable title to the Property in the form of a commitment (the "Title Commitment") for <br />an ALTA Form 1992 standard owner's title insurance policy to be issued upon Closing by a title <br />company to be mutually agreed upon between the Seller and Purchaser, which maintains an office in <br />Boulder County and is authorized to do business in Colorado (the "Title Company"), in the amount <br /> <br />1 i:~D\WP~ I \! 0234~993La..6p&~SLouisvill~.wlxl =2- <br /> <br /> <br />