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200403826
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Last modified
10/16/2011 3:00:55 PM
Creation date
10/21/2005 12:45:10 AM
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DEEDS
Inst Number
200403826
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200403826 <br />the Building, except as and to the fullest extent that title thereto may be retained under applicable law, <br />Vendor and Purchaser hereby agree that title shall transfer to and be in the Purchaser from and after such <br />incorporation. The term of this Contract for Purchase shall commence as of the time of the execution and <br />delivery of this Contract and continue until and including March 1, 2011. Until payment in full of all <br />obligations hereunder the Project, except the Accessions, shall remain the property of the Vendor and shall <br />not become a part of the real estate described on Exhibit A hereto attached. Upon the final payment of all <br />basic payment obiundernthe terms hereof) shall Purchase, he <br />the Accessios as <br />previously transferred with <br />Article XVHI hereof. <br />Section 1.2. Vendor and Purchaser acknowledge and agree that, as and to the extent that this <br />Contract for Purchase may be regarded as relating to goods, goods which may become fixtures, fixtures or <br />equipment, this Contract for Purchase as assigned to the Trustee may constitute a "finance lease" within the <br />meaning of such term as used in Article 2A of the Nebraska Uniform Commercial Code. In such connection <br />Purchaser acknowledges (a) that neither Vendor nor the Trustee has selected, manufactured or supplied any <br />goods constituting the Project, (b) that Vendor is acquiring the Project in connection with this Contract for <br />Purchase, and (c) that Purchaser has received a copy of the contract with any contractor or supplier <br />constructing or supplying such part of the Project prior to the execution of this Contract for Purchase. <br />Purchaser further acknowledges that Purchaser has been informed in writing before the execution of this <br />Contract for Purchase that Purchaser may be entitled under said Article 2A to the promises and warranties <br />provided by such contractor and any other person supplying the Project or items incorporated therein and that <br />Purchaser may communicate with any such person and obtain a complete and accurate statement of any such <br />promises and warranties, including any disclaimers and limitations of them or of remedies. <br />Section 1.3. Purchaser acknowledges that it has supplied Vendor with the specifications for <br />the Project and hereby holds Vendor and the Trustee harmless against any claim by way of infringement or <br />the like that arises out of compliance with such specifications. <br />Section 1.4. Only that copy of this Contract for Purchase which is labeled as <br />"TRUSTEE'S ORIGINAL" shall constitute this Contract for Purchase. Duplicate Originals may be <br />prepared and executed for the convenience of the parties only. <br />ARTICLE II <br />BASIC PAYMENTS <br />Section 2.1. Purchaser shall pay to Vendor basic payments during the term hereof in the <br />amounts and on or prior to the dates set forth immediately below: <br />Year Due on February 20 <br />2005 <br />$138,675.12 <br />2006 <br />129,998.75 <br />2007 <br />128,918.75 <br />2008' <br />132,658.75 <br />2009 <br />136,096.25 <br />2010 <br />134,276.25 <br />2011 <br />137,261.25 <br />W <br />Due on August 20 <br />$9,998.75 <br />8,918.75 <br />7,658.75 <br />6,096.25 <br />4,276.25 <br />2,261.25 <br />none <br />
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