EXHIBIT 10.261
INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT)
PURCHASER (S): SELLER (DEALER):
READY MIX, INC. CASHMAN EQUIPMENT CO.
1430 E. FLAMINGO ROAD 3101 EAST CRAIG ROAD
SUITE 100 P.O. BOX 271630
LAS VEGAS, NV 89121 LAS VEGAS, NV 89127-1630
County: CLARK
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") [ILLEGIBLE] Purchaser, and Purchaser (if more than one, jointly and
severally), having been offered both & 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 DESCRIPTION OF UNIT(S) SERIAL# PRICE
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(1) 216 Caterpillar Skid Steer Loader 4N20471d $ 22,500.00
FIRST DESCRIPTION OF ADDITIONAL SECURITY Sub-Total .................................. $ 22,500.00
USED (MAKE, MODEL & SERIAL NUMBER) Sales Tax .................................. $ 1,687.50
1. Total Cash Sale Price ...................... $ 24,187.50
Cash Down Pay .............................. 0.00
Net Trade-in Allow ......................... 10,500.00
FIRST DESCRIPTION OF TRADE-IN EQUIPMENT 2. Total Down Payment ......................... $ 10,500.00
USED (MAKE, MODEL & SERIAL NUMBER) 3. Unpaid Balance of Cash Price(1-2) .......... $ 13,687.50
JCB 185 746860 4. Official Fees (Specify) .................... $ 350.00
Document Fee ............................... 350.00
Other Fees ................................. 0.00
5. Physical Damage Insurance .................. $
6. Principal Balance
(Amount Financed) (3+4+5) .................. $ 14,037.50
Trade-in Value 10,500.00 7. FINANCE CHARGE
Less Owing to 0.00 (Time Price Differential) .................. $ 0.02
Net Trade-in Allowance 10,500.00 8. Time Balance
(Total of Payments) (6+7) .................. $ 14,037.48
Location of Units: 3430 E. FLAMINGO ROAD 9. Time Sale Balance
LAS VEGAS, NY 89121, CLARK (Total of Payment Price) (2+8) ............. $ 24,537.48
10. ANNUAL PERCENTAGE RATE ..................... 0.00%
11. Date FINANCE CHARGE begins to accrue 2-12-04
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
[ILLEGIBLE], CA 91189-0647 or such other location Seller designates in writing,
the Times Balance (Item 8 above) as follows (check (a) or (b)]:
X (a) in 36 equal monthly installments of $ 389.93 each, with the first
installment due on 3-12-04, 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 or reverse)
SEE REVERSE SIDE FOR ADDITIONAL TERMS AND CONDITIONS WHICH ARE A PART OF THIS
CONTRACT.
LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE CAUSED TO
OTHERS IS NOT INCLUDED IN THIS CONTRACT.
NOTICE TO PURCHASER; (1) DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT
CONTAINS ANY BLANK SPACE; (2) YOU ARE ENTITLED TO AN EXACT COPY OF THE CONTRACT
YOU SIGN; (3) UNDER THE LAW YOU MAY HAVE THE RIGHT TO PAY OFF IN ADVANCE THE
FULL AMOUNT DUE AND TO OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE.
PURCHASER ACKNOWLEDGES RECEIPT OF A FULLY COMPLETED COPY OF THIS CONTRACT
EXECUTED BY BOTH PURCHASER AND SELLER.
Purchaser(s) and Seller have duly executed this Contract as of 2-12-2004
Purchaser(s) Seller:
READY MIX, INC. CASHMAN EQUIPMENT CO.
By /s/ [ILLEGIBLE] By /s/ [ILLEGIBLE]
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Name (PRINT) [ILLEGIBLE] Name (PRINT) [ILLEGIBLE]
Title [ILLEGIBLE] Title [ILLEGIBLE]