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<br />. <br />. <br /> <br />.' <br /> <br />.- <br /> <br />___e <br /> <br />,'e <br /> <br />--- <br /> <br />'.' <br /> <br />'0 <br /> <br />(d) Contiguous tracts containing ten (10) <br />acres or more West of 16th Street shail <br />be, released for a consideration of <br />Nine Thousand Dollars ($9,000.00) per acre , <br />~eginn;ng at the North or South property line <br />(or both), and shall extend from 16th Street <br />to the West property line. <br /> <br />(e) Grantee shall have the right to obtain a partial <br />release of a st~ip sixty (60) f~et in width and <br />five hundred ninety-two (592) feet in length <br />between 16th Street and the West property line <br />upon the payment of Five Thousand Five Hund]:."ed <br />Dollars ($5,500.00). <br /> <br />(f) All payments for Partial Releases shall apply <br />to the next maturing installment of principal <br />on said note. . <br /> <br />(g) In the, event that Grantee does not requeSt <br />a Partial Release at the time of making a <br />. --.-required principal payment, the right to <br />such Partial Release shall be cumulative <br />and may be requested at any time thereafter <br />by the Grantee. <br /> <br />(h) The Grantee shall net be entitled to a <br />Partial Release for all or any portion of <br />the cash down 'payment or prepaid interest <br />paid at the time ,of closing. <br /> <br />"(1) When requesting a Partial Release, the, <br />Grantee at its so~e cost and expense shall <br />obtain and furnish to the Grantors a metes <br />6 and bounds description of the property subject <br />to the Partial Release. <br /> <br />(j) All unre1eased tracts shall be assured ingress <br />and egress to ~nd from a dedicated road or <br />street. <br /> <br />. .__(k) "The Gr'antee may desire to 'formulate and prepare <br />a master plan for the ,orderly development and' <br />utilization of the Subject Property for <br />commercial, residential or apartment purposes. <br />If so, Grantee at Grantee's expense may have <br />preliminary or final plats or plans and necessary <br />engineering drawings and materials prepared for <br />such approval by various governmental authorities <br />having jurisdiction over the Subject Property. <br />Any such development may provide for streets, <br />water, sewer and other utilities. Grantors agree <br />to ~ubordinate all lie~s sec~ri~g ,the payment c;>t <br />said note for'the purpose of any of the foregoing <br />platting or 'dedication of easements and' streets <br />for the foregoing purposes and Grantee shall <br />not be required to pay any consideratia1 for <br />Grantors' co-operation. However, notwithstanding <br /> <br />-6- <br /> <br />____.__ __.~t.......&..~. --.. ...ur.....~~_.._ -.___ <br /> <br />... <br /> <br />, <br /> <br />LJ <br />OJ <br />I <br />r-v <br />en <br />I <br />~ <br />o <br />CO <br />to <br />