PURCHASE AND SALE AGREEMENT
THIS PURCHASE AND SALE AGREEMENT ("Agreement") is made as of the 2nd day of November, 2000
(the "Effective Date"), by and between the Krupka-Brophy Profit Sharing Plan (the "Seller"), and Real Estate
Opportunities, Inc. (the "Purchaser").
A. Seller is the fee owner of that certain real property located in the County of Weld, State of Colorado, and
more particularly described as follows: Lot(s) 6, 7, 8, 9, 10, 11 and 12, The Village at Frederick Subdivision (as
amended), Town of Frederick County of Weld State of Colorado. (the "Real Property")
B. Seller desires to sell the Real Property to Purchaser, and Purchaser desires to purchase the Real Property
from Seller, upon and subject to the terms and conditions set forth herein.
NOW, THEREFORE, for the mutual covenants and agreements set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
PURCHASE AND SALE OF THE REAL PROPERTY
1. Purchase. Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller, all of the Real
Property, subject to and upon the terms and conditions set forth in this Agreement. The total purchase price (the
"Purchase Price") for the Real Property is agreed to be $315,000.00, payable as follows:
a) $15,000.00 hereby receipted for as a deposit, and
b) $300,000.00 by the Purchaser executing a promissory note to the and deed of trust for the benefit of the
Seller payable in monthly
installments of $4,000.00 per month, including principal and interest at 8 1/2 percent per annum, until 6-1-2001
whereon the remaining balance is due and payable, if not sooner paid.
PRO RATIONS AND CLOSING EXPENSES
2. CLOSING ADJUSTMENTS.
2.1. TAXES. Real property taxes on the Real Property, for the current year, not yet due and payable shall not be
pro rated, and shall be Purchaser's sole responsibility, and are hereby assumed