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127 4th payment - 20% of purchase price ------------ To be paid to the Pioneer Title and Trust and Mastercraft Homes by the First National Bank of Nevada, same to be paid out by the Title Co. as follows: (a) Pay to_______________, sub-contractor 20% of contract between Mastercraft Homes and sub-contractor, upon releases and receipted bills as per attached requirements.- - (b) Pay to Mastercraft Homes or impound to be paid as directed by Mastercraft Homes for lawn and grading. -------------- 125.00 (c) Pay to 0. A. Bell for land development.- - - - (d) Pay to A. E. Tiffany for land development. - - (e) Pay to Mastercraft Homes for misc. expenses. - (f) Pay to 0. A. Bell for sales. --------- (g) Pay to A. E. Tiffany for sales.- ------ - TOTAL ------------------------- 5th payment - 10% of purchase price - - ------- - - - To be paid to the Pioneer Title and Trust and Mastercraft Homes by the First National Bank of Nevada, same to be paid out by the Title Co. as follows: (a) Pay to_______________, sub- contractor 10% of contract between Mastercraft Homes and subcontractor, upon complete release and wavered liens as per attached requirements.- - -- -- -- -- -- -- -- - (b) Financing and closing charges- -- ------ -- 150.00 (c) Pay to J. S. Chapman for sales.- - - ---- - - 50.00 (d) Pay to Mastercraft Homes Misc. expenses- - - - TOTAL ------------------------- Yours truly, Mastercraft Homes, Inc. By_____________________ Addenda to contract dated ____________ to which this is attached. Addendum No. 1. Sub contractor agrees to furnish a surety bond by an approved surety company. The beneficiaries under the bond will be the contractor and the loaning agency. Addendum No. 2. Contractor will set up an escrow with the Pioneer Title and Trust Company whereby the payments coming to the sub contractor under this contract attached hereto, will be paid to the sub-contractor upon the presentation to the Title Company of a certificate signed by the authorized representative of the contractor stating that such payments are due and upon the presentation of receipted bills and releases for labor and material for each payment as follows: Payment #1. Receipted bills and releases for rough plumbing, cement, sand, gravel, and certified pay roll. Payment #2. Receipted bills and releases for lumber, rough hardware, masonry, mill work, roughing in of wiring, roofing, and certified pay rolls. Payment #3. Receipted bills and release for finished lumber, portion of painting, heating, and certified pay roll. Payment #4. Complete releases for all labor and material from each of the material suppliers and sub-contractors to-gether with certified payroll, and waivers of liens. Payment #5. Complete release and waivers of liens. Mastercraft Homes, Inc. Contractor. Sub-contractor. —— oOo —— EDWARD L. BURTON CORPORATION INVESTMENTS 160 Main Street Salt Lake City 1, Utah June 22nd, 1945 Honorable Mayor and City Commissioners Las Vegas, Nevada Gentlemen: You have advised us that you contemplate the issuance of $160,000 of bonds for Swimming Pool purposes and $l40,000 for the construction of a Police Station and facilities; that you would like us to assist you in setting up these issues so that they will be attractive in our opinion to prospective purchasers.