Amador ledger., 1908-09-25

] l2Ul tOO6 leVel or Orllty OF Wl0Ze, ne
shall so declare, which said deolara-
/ tion shall be made within 30 days
after the same shall have been clean
ed out to the point where the vein
leaves said winze, whereupon the
owners shall be exonerated from pay
ing for said first development work
as hereinafter provided. In case the
purchaser shall not be so satisfied,
then he shall within 30 days so de-
clare at said time last mentioned,
whereupon the owners shall within
six months thereafter refund TO the
purchaser said 100000, plus the cost
of said first development work. The
purchaser during the progress of said
development work shall keep
separate account of the cost thereof,
itemized as far as possible. All
second development work shall be at
the cust of the purchaser. The
claims OF the purchaser for the return
of the $50, 900 and the cost of said
first development work, shall con
stitnte lien upon and shall be en-
forced aga inst said properties in tho
manner in which mortgages are fore
closed, with liability upon the
owners to a deficiency judgment in
case said properties shall not realize
sufficient to reimburse the purchaser.
The owners hereby guarantee for
the term of lS months from date the
right of the purchaser hereunder to
work any of the veins OH said pro-
perties upon their dip, and also their
strike as far as the end lines and as
deep as desired.
In case the pumping and cleaning
said wlnze and the winze itself shall
require more than six months of dill
gent effort in workmanlike manner,
then the time of this option shall be
extended to the extent required in
addition to said six months. Said
time shall also be extended by delay,
caused by acts of God, failure Of
electric power from causes not due to
the fault of the purchaser, fire,
failure oT water and strikes not will
fully caused by the purchaser. The
purchaser shall notify the owners of
the amount of the extra time, il any,
upon reaching said winze.
That the purchaser may elect not
to purchase said mine as aforesaid at
any time after reaching the point at
which said vein leaves the winZe, and
within IS months from the date
hereof, in which case the aforesaid
equipment and machinery upon said
properties, the incline shaft drift and
raise, shall be lett by the purchaser
in as good working order as when the
properties were delivered to him,
reasonable wear and use excepted.
That the owners may enter upon
said premises at any time for the pur-
pose of repairing any parts of said
properties, which the purchaser is
not bound to repair, and shall have
reasonable use of the machinery and
appliances upon said properties for
that purpose.
In case the purchaser shall be
satisfied upon reaching said point
where said vein leaves said winZe, he
shall within 30 days so declare.
Thereafter the purchaser shall spend
at least $1,000 per month In develop
ment work.
In case the purchaser shall [elect to
purchase said properties at any time
within 18 months from the date
hereof he shall pay to the Keystone
Consolidated Mining Company the
sum of $40, 600 cash, whereupon said
deed and bill of sale shall be de-
livered to him.
The aforesaid profits of the work
ings of said mine, deposited as afore-
said shall be applied as follows:
In case the purchaser shall pur-
chase said properties then the same
shall be applied upon the purchase
price thereof. In case he shall elect
not to purchase said mine, then said
deposit shall be applied to the pay
ment of the said sum of $50, 000, and
the said cost of the said first develop
ment work, alter which the same
shall be subject to the order of the
keystone Consolidated Mining Com
pany.
That the purchaser shall be allow
ed 40 days within which to examine
the title to said properties. In case
the same shsll be found defective, the