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• • <br /> 1. A ten percent discount in the amount of the principal purchase <br /> price set forth above is approved in consideration ofthe cash payment <br /> now tendered. <br /> 2. The amount ofthe discount is determined to be the sum of <br /> $25,050.10: <br /> 3. The amount of the unpaid principal balance of the purchase <br /> price isdetermined to be the sum of $187,876.00, plus accrued interest. <br /> 4. - The tenderby the above-named purchasers of the sum of ' . <br /> $162,825.00 in payment of the remaining principal balance of the pur- <br /> chase price for the above-numbered Lot hereby is-accepted. <br /> 5. Upon receipt of the sum of $162 ,825.00, and accrued interest, <br /> the Town: (a) Shall enter into and the Mayor and Acting City Clerk <br /> there be, and they and each of them hereby is authorized and directed <br /> on behalf of the Town, respectively, to execute and attest all neces- <br /> sary documents to obtain reconveyance of title to the above-numbered <br /> Lot the persons entitled thereto; and (b) Shall deliver the Note <br /> and Deed of Trust to the parties entitled thereto. <br /> REGULARLY passed and adopted this 22nd day of December , .1982. <br /> By , <br /> MAYOR <br /> ATTEST: <br /> / <br /> cting City er <br /> -3- <br />