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tcrm of ttic I'urcttase M~~~~y Mortya~J~~ unless san~e is cliscl~nrycd '
~i-d sa~isficcl pursuanl- l•o p~ragra~h i'iv~ or Seven hereot. ~
~~ 3. 't'he Mortyaye amount is to be adjusted upwards _
oir clowm,r~rds to retlect ~lie final Purciiase Price to ~o deter-
minecl in accorciance wil•1~ t'ar~yraph 1'ivc ifcrcot .
4. Thc Intcrest ~~ayments to be ~aicl ~ftcr l•hc
t4ori:y~ge amou~it has becn acljusted pursuant to P~rayraph 6(c) (3)
are to Ve acljusted uE~warcls ~r downwards to reflect tl~e actu~l
inlcresl cluc o~i nc~ Einal t•lurl•c~ayc ~mounl aCCcr suc;l~ acijustmcnts.
S. Intcrest shall ceasc accruiny ~~nd Princi~~al Pay-
men~s slti~ll ccase in tl~e event l-hc Uuycr clects to ~~roccccl
uncler cithcr Paragrapli 5(c) 2 or S(e) 3.
6. Tilc Mortyayc Valancc shall bc cluc and ~~ayaVle
i~i full u~on thc earlier ot (i) t•hc obtaininy oC tlic first
buildiny permit on the Lanci, or (ii) two years from Closiny,
which term may be Extencled for up to twelve montlis if the Duyer
l~as m~cle ~E~E~lication for 1111 Necessary Covcrnment~l n~provals,
wliich a~~E~lications have not- Veen actecl uE~on.
7. Thc term oC thc ['urchasc 1~foncy Morty~cJc shal2 contain
all oC thc L-crms oC tliis t~~erayraph Six. ~.
a. 'I'hc !'urcha~;c tJoLc iloncy Morlyac~c may n~l l~c assi~~n-
ed Vy Scller witliout thc ~,rior writl-en consenl• ot thc l3uycr,
which c:onsc»L- shall not Vc unrcasonaVly wiL-hhclc~.
7. Cost ot nl~~~rovals.
(a) l3uyer ayr~es L•o E~~~y all costs oC protessional services
such as leyal and enyineering ~~ssociateu with the obL-aining of
All ~lccessary Governmet~~al A~,~~rovals.
~ (V) '1'!~e Parl-ics rccocJnizu th~t it is comrnon Lar Govcrn-
m~ril-a 1 n.~enc i cs ~o conc) i l i c~~i l;c~vcrnmc~nta 1 J~~,~~rov.~ 1. uE~c~n tlic ~~ay-
tn~~nL c~( ~; itm:; ~~f nu~~i~•y r~r ilc~r~i c~l I.~n~l L~~ I.I~~~ ~~c~VC•~'I~uutlll:~) :~~~crllC'iCt:
ii~vo lvccl. 1~~ orclcc lu (~ruvi~lu lor ll~is ~ {~c~:,:,iVilil.y l.l~c !'~rLics
acJi-cc ~~s C~llows:~
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