EX-10.262 7 p69143exv10w262.txt EX-10.262 EXHIBIT 10.262 INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT) PURCHASER(S): SELLER (DEALER): MEADOW VALLEY CONTRACTORS, INC. CASHMAN EQUIPMENT COMPANY 4411 S.40TH ST 3101 EAST CRAIG ROAD D-11 P.O. BOX 271630 PHOENIX, AZ 85040 LAS VEGAS, NV 89127-1630 County: MARICOPA Subject to the terms and conditions set forth below and on the reverse side hereof, Seller hereby sells the equipment described below (the "Unit" or "Units") to Purchaser, and Purchaser (if more than one, jointly and severally), having been offered both a cash sale price and a time sale price, hereby buys the Units from Seller on a time sale basis.
NEW (IF USED) DELIVERED OR FIRST CASH SALE USED USED MODEL DESCRIPTON OF UNIT(S) SERIAL# PRICE - ------------------------------------------------------------------------------------------------- (1) 14H Caterpillar Motor Grader 7WJ00715 $ 194,881.04
FIRST DESCRIPTION OF ADDITIONAL SECURITY Sub-Total................................... $ 194,881.04 USED (MAKE, MODEL & SERIAL NUMBER) Sales Tax................................... $ 9,166.07 1. Total Cash Sale Price....................... $ 204,047.71 Cash Down Pay .............................. 72,658.79 Net Trade-in Allow ......................... 0.00 FIRST DESCRIPTION OF TRADE-IN EQUIPMENT 2. Total Down Payment.......................... $ 72,658.79 USED (MAKE, MODEL & SERIAL NUMBER) 3. Unpaid Balance of Cash Price (1 - 2) ....... $ 131,388.92 4. Official Fees (Specify).................... $ 3,966.21 Document Fee ............................... 350.00 Other Fees ................................. 3,616.21 5. Physical Damage Insurance................... $ 6. Principal Balance (Amount Financed) (3 + 4 + 5)............... $ 135,355.13 Trade-in Value 0.00 7. FINANCE CHARGE Less Owing to 0.00 (Time Price Differential)................... $ 10,461.07 Net Trade-in Allowance 0.00 8 Time Balance (Total of Payments) (6 + 7)................. $ 145,816.20 Location of Units: 4411 S.40 TH ST.#D- 11 9. Time Sale Balance PHOENIX, AZ 85040, MARICOPA (Total of Payment Price) (2 + 8)............ $ 218,474.99 10. ANNUAL PERCENTAGE RATE 4.90% 11. Date FINANCE CHARGE begins to accrue _______
PURCHASER HEREBY SELLS AND CONVEYS TO SELLER THE ABOVE DESCRIBED TRADE-IN EQUIPMENT AND WARRANTS IT TO BE FREE AND CLEAR OF ALL CLAIMS, LIENS, SECURITY INTERESTS AND ENCUMBRANCES EXCEPT TO THE EXTENT SHOWN ABOVE. 1. PAYMENT: Purchaser shall pay to Seller, at PO Box 100647 Pasadena, CA 91189-0647 or such other location Seller designates in writing, the Time Balance (Item 8 above) as follows [check (a) or (b)]: X (a) in 36 equal MONTHLY installments of $4,050.45 each, with the first installment due on 25th, and the balance of the installments due on the like day of each MONTH thereafter, (except no payments shall be due during the month(s) of N/A), until the entire indebtedness has been paid; or __ (b) in accordance with the Payment Schedule attached to this Contract. (Provisions of section 1 continued on reverse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urchaser(s) and Seller have duly executed this Contract as of________, 20_____. Purchaser(s): Seller: MEADOW VALLEY CONTRACTORS, INC. CASHMAN EQUIPMENT COMPANY By /s/ Clint Tryon By ----------------------- ------------------------------- Name (PRINT) Clint Tryon Name (PRINT) --------------------- Title Sec / Treas. Title ----------------------------
