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Y-031791 t. <br />Cas Migration [litigation Agreement 7 ,v <br />September 5, 1985 s <br />Page 10 <br />Y <br />a) Down payment; 20% to be paid by July 1, 1987. <br />b) Balance evidenced by unsecured note bearing interest <br />Of 10% per year or the nme interest rate as that <br />being paid by the OhNERs on OWNERS' loon or OWNERS' <br />ffiS <br />n PROPERTY whichever is greater. <br />v, <br />c) Monthly payment: 1/12 the annual interest_ by the <br />lat day of eech month. <br />d) Balance due: July 1, 1988, or 5 days prior to the <br />date on which OWNERS pay off the torvis n.+ OWFLRS' <br />PROPERTY, whichever is earlier. <br />PROJXDED, HOWEVER, Pas shall not be required to purchase <br />v. <br />the let or lots affected by methane gas migration until the <br />Department of Real Estate ("PRE") has issued a White report on <br />the subdivision proposed en the OWNERS' PROPERTY, permitting <br />the sale of lot* to the public, unless the cause of the delay <br />is the presence of methane gas on OWNERS' PROPERTY fir, the <br />LASDFXLL. Xf the DRE White Report .is iso d after June 15, <br />1987, PGS shall have 30 days to make the cL payment required <br />by subsection (a) above and one year: and one month from the <br />c+ <br />inaaance of tha Report to pay the :;;lance required by <br />subsection (di above or 5 days prior to date on whicn OWNERS <br />pay off the loans on OWNERS' PROPERTY, whichever is earlier. <br />OWNERS Oha1.l continue to improve the lot or lots being <br />purchased by PGS by grading, installing streets and utilities <br />so that a building Permit for construction ct a horse would he <br />available Lut for the gas migration an the property. <br />r-« <br />yy <br />1 r