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- <br />- <br />�� <br />N � <br />� �� <br />��. <br />� .�� <br />VJ <br />-p �� <br />~ �� <br />� <br />�� <br />� <br />�� <br />�� <br />i� <br />� <br />� <br />��!�i <br />�� <br />� <br />� <br />� <br />�'�' i <br />Y � '+ <br />� <br />, f '"'" <br />. k '. ; <br />�. ��., 't <br />� �� <br />� � <br />� � � <br />i� <br />�� <br />��� ��J F� O � <br />� A -� � c � p <br />e�ce r' c= c c= ?' ' (� <br />rn <br />� r _ � --�G C7 <br />� ` � <br />�W � w .7 T� p�y <br />fy'7 �.�.� Q <br />_" G7 �. -- � 'L }—s. <br />' �, � !` S_ fTl <br />� I'Tl � f " � o <br />-+_ r -- �, Q] <br />Q �. � V� <br />o �. � � <br />� � . � �� � <br />�� � � � � <br />� <br />Lots 1 and 2, Meadowlark West Ninth Subdivision <br />DEVELOPER REPURCHASE AGREEMENT <br />This Deve oper Repurchase Agreement (the "Agreement") is made and entered into this <br />� day of , 2011, by and between BATIS DEVELOPMENT COMPANY, a <br />Kansas corporation, aving a mailing address of 2951 SW Wanamaker Drive, Suite A, Topeka, <br />Kansas 66614 (the "Owner"), and ALLEN 281 LLC, a Nebraska limited liability company, <br />having a mailing address of P.O. Box 987, 1115 West 2 Street, Hastings, Nebraska 68902-0987 <br />(the "Developer"). <br />PRELIMINARY STATEMENT <br />Contemporaneously with the execution of this Agreement, Owner has acquired from <br />Developer Lots 1 and 2, Meadowlark West Ninth Subdivision, Grand Island, Hall County, <br />Nebraska, as surveyed, platted and recorded (the "Propert�') pursuant to the terms and <br />conditions set forth in the Real Property Sale Agreement dated July 14, 2011, between the <br />Parties (the "Purchase Agreement"), which acquisition is evidenced by the recordation of a <br />Special Warranty Deed (the "Deed") from Developer to Owner, which was filed of record prior <br />to the recording of this Agreement. <br />Qwner has agreed to grant to Developer an option to repurchase the Real Property and all <br />improvements and appurtenances thereon, exclusive of movable equipment and fixtures, <br />inventory, signs and other personal property upon certain conditions. <br />TERMS AND CONDITIONS <br />�, <br />1 <br />� <br />�_y <br />`� <br />_� �� � � <br />� <br />NOW, THEREFORE, in consideration of the foregoing Preliminary Statement, which is <br />incorporated in its entirety in this portion of this Agreement and other valuable consideration, the <br />receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: <br />