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HomeMy WebLinkAboutC03-052 Eagle Manor Limited Partnership0220%2003 22:58 KANTOR TAYLOR MCCARTHY BRITZMANN ~ 19703288699 N0.927 D002 P~?!21/2603 1:23 X154929 HAMPTON INN # PAGE 02 tJ22F1i~003 21 ~ S0 KA TAYLOR MCCARTHY ERI17JrIANN y 195~929'711Q N0.925 D0e2 ~. ®~ -~SL ~' ~ ~ FOURTH E~CTENSYON TO CONTRACT TO BUY AND SELL REAL ESTATE This Fourth ); r~to Comet do Suy and S~edl Real Estate (hercinatter the "Contract's is made this day of Fe6zuary, 2403, by wad between the Golden Eagle Elderly liousiuag Corporation, a Co nonprofit corporation Ammer `~uyer'~ and. Eagle Manor Lirtlited Partnership, a Tennessee limited part~sersltip (hereastatter "Seller"). ~UVHEEREt~S, the $uy~ and Seller entered into a. Contrract dated l~ ebruary i 2, 2002, relating to the sale and paTChase of the following doseribed real estate in the County of Eagle, Colorado: . iot i8, Golden Eagle Etderly Housi~, a ce~subdivisiotr of a re-subdivision of ,C.ort 1, Block 1,1'be Buu pastrma, according to the recorded plat thereof, re+rard~ July 18, t985, in Book 420 at Page 259 as Rec~iion Number 316528. Also known ea Golder Eagle Elder]y Housing, 700 Broadway, Eagle, CO 81631 (h~ei~aafler the "Property"); and WHEREAS, certain issues to be resolved which requires raaore time than allowed by the Contract; atad WHEREAS, Buyer and Soper agree that en catensfon is in ffie best interest of the parties and will not cause undue har~_ NOW,1'l~.tt~FORE, in cat:sidcration of the mutual promises set forth herein and ins the Contract, the parties ~rec as follows; Buyer and Seller a~ to aatead the aforesaid corttrnct as follows: 1. All references ' the Contract and Exl-ibit B to the Cozrtracs to "Obj~rion to Loan 7~eadline" and `"Appr+aval f Loan Transfer Deadline" shall be extended from February 21, 2403 to February 28, 2003. 2. The parties hereto agr~ that the "Closing Date" shall be extended froru January 31, 2003 to March la, 2003. Seller sha11 pay the Bayer the sum of $S,OOOAO i'or the extension on March 1, 2003, such amount tv be appked towards rife Purchase Price at closing. Such additional sure sha11 be treated as vainest money and applied to the purchase price, but shall not be rcfimdEd to Buyer with interest if either Bayer or Seller elects to oxe¢eise a c:oatingeacy in the a.greeatent 'evhich world othezwise require returm of the ear4est money. 02/202003 22:58 KANTOR TAYLOR MCCARTHY BRITZMANN ~ 19? ~ 99 W~i21/2503 12:23 9J~929 HAMPTON INN 62/20.'2003 ?1:5a KRN TAYLOR MCCARTHY HRIT~MRNN ~ 19549297118 N0.92? D003 PAGE 03 N0.925 D~3 Al] other terms and condirioae of the Contract ar~d ,Exhibit B to the Contrae~ ehRll remain the samc. Eagle Manor Limited Partnership By Colorado Tts Gar B ' obert ~. Golden arty Housing Corporation By es went ey: A.rn ni. residers