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V and mineral rights without right of entry and subject tot (a) Mineral Reservation contained in Patent No. 5220, from State of Nevada to Robert M. McReynolds, dated May 31, 1901).9 recorded June 2, 1901), in Book F of Miscellaneous Records, page lj.97> records of Lincoln County, Nevada; (b) Lease from the Land Company to Las Vegas Valley Water District, dated August 3» 195>U» covering part of Lot and all of Lots 6, 7 and 8 and the garage and workshop building located on Lots 5 and 6, made for term of 6 months commencing July 1, 195U; for the sum of $102,000, payable $32,000 upon execution and delivery of agreement and balance including %% interest on deferred principal payable in equal annual installments of $l6,l68.2lf, under certain terms and conditions, including,among others, the following: Purchaser agrees: (a) To pay all taxes and assessments; (b) To maintain, at its own expense, all improvements in good condition and to make no material changes, alterations or additions without written consent of Land Company; (c) To reimburse Land Company for premiums on fire and extended coverage insurance; (d) Title to premises and improvements shall be vested in Land Company until Purchaser has fully performed all of its obligations and until Land Company has executed and delivered deed$ (e) Not to transfer or assign agreement or any inter­est therein without written consent of Land Company| Land Company agrees: (a) When Purchaser has fulfilled all of its obligat­ions, to execute and deliver to Purchaser a warranty deed conveying said property free of all encumbrances except as hereinbefore specified, and except: (l) Taxes and assessments to be paid by Purchaser| -10-