EXHIBIT 4.2
REAL ESTATE PURCHASE AGREEMENT
Kingman, Arizona,
September 16, 2001
SELLER(S):
HR INVESTMENTS, a Nevada Partnership and CTR Trust, Xxxxxx X. Xxxxxxxxxx, as
Trustee.
BUYER(S):
XXXXXXX X. XXXXXXXXX, a married man as his sole and separate property, and XXXX
CIACHURSKI, a married man as his sole and separate property, AND/OR NOMINEES.
TERMS:
Received from Xxxxxxx Xxxxxxxxx and Xxxx Ciachurski the sum of $2,500.00,
evidenced by a personal check as deposit, in escrow with Chigago Title Insurance
Co., Kingman AZ, said check deposited on account towards the purchase price of
$110,000.00 for the purchase of property situated in Mojave County, Arizona,
described as follows:
The North half (N1/2) of Section 3 and the North half of the Southwest quarter
(N1/2 SW1/4) of Section 3. Township 25 North, Range 16 West of the Gila and Salt
River Base and Meridian, Mojave County, Arizona. Total 400 +- acres.
The balance of the Terms of the Purchase Agreement are as follows:
Close of Escrow will be on or before January 2,2002. Possession shall be
delivered to Buyer upon Close of Escrow.
Buyer will pay $60,000 on or before January 2,2002. Seller will carry back an
interest free note in the amount $50,000, all payable in full on or before March
31, 2002. In the event Buyer fails to meet the March 31,2002 due date, Buyer and
Seller agree that interest on $50,000 will begin to accrue at the rate of Ten
percent (10%) per annum until paid in full.
Seller guarantees property to be free and clear of all liens and encumbrances at
the close of Escrow.
Buyer agrees to pay 100% of Escrow Fees and Title Insurance.
Seller to pay all pro-rated property taxes and assessments until the date of
the Close of Escrow.
This agreement is subject to buyers approval of a Title Report upon the subject
property(ies).
The undersign acknowledge receipt of a copy hereof, and authorize a copy to be
delivered to Chicago Title Company, Kingman AZ, for escrow to be opened.
BUYER: -s- Xxxxxxx X. Xxxxxxxxx
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For Xxxxxxx X. Xxxxxxxxx and Xxxx Ciachurski
SELLER -s- Xxxxxx X. Xxxxxxxxxx
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For HR Investments and CTR Trust
This agreement is subject to buyers approval of a Title Report upon the subject
property(ies).
The undersign acknowledge receipt of a copy hereof, and authorize a copy to be
delivered to Chicago Title Company, Kingman AZ, for escrow to be opened.
BUYER: -s- Xxxxxxx X. Xxxxxxxxx
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For Xxxxxxx X. Xxxxxxxxx and Xxxx Ciachurski
SELLER -s- Xxxxxx X. Xxxxxxxxxx
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For HR Investments and CTR Trust