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PURCHASE AND SALE AGREEMENT <br /> This day of June, 2000. <br /> 1. Parties: Stephen J. Braconi, Trustee of BLF Nominee Trust of P. O. Box 315, <br /> E. Sandwich, Massachusetts, hereinafter collectively called the Seller, agrees to <br /> sell and <br /> Resource Real Estate, LLC, Donald Priestly, Manager or Nominee, of <br /> Mashpee, hereinafter collectively called the Buyer or Purchaser, agrees to buy, <br /> upon the terms hereinafter set forth, the following described premises: <br /> 2. Premises: Vacant land situated in Mashpee, Barnstable County consisting of five <br /> (5) acres more or less at 600 Falmouth Road. <br /> 3. Title Deed: Said premises are to be conveyed by a good and sufficient quitclaim <br /> deed running to the Buyer or to the nominee designated by the buyer by written <br /> notice to the Seller at least seven (7) days before the deed is to be delivered as <br /> herein provided, and said deed shall convey a good and clear record and <br /> marketable title thereto, free from encumbrances, except <br /> (a) Provisions of existing building and zoning laws; <br /> (b) Existing rights and obligations in patty walls which are not the subject of <br /> written agreement; <br /> (c) Such taxes for the then current fiscal year as are not.due and payable on <br /> the date of the delivery of such deed. <br /> (d) Any liens for municipal betterments assessed after the date of this <br /> agreement. <br /> (e) Easements, restrictions and reservations of record, if any, so long as the <br /> same do not prohibit or materially interfere with the proposed use of said <br /> premises, as a self storage facility. <br /> 4. Plaits: If said deed refers to a plan necessary to be recorded therewith the Seller <br /> shall deliver such plan with the deed in form adequate for recording or <br /> registration. <br /> 5. Registered Title. In addition to the foregoing, if the title to said premises is <br /> registered, said deed shall be in form sufficient to entitle Buyer to a Certificate of <br /> Title of said premises, and the Seller shall deliver with said deed all instruments, <br /> if any, necessary to enable the Buyer to obtain such Certificate of Title. <br /> 6. Purchase Price: The agreed purchase price for said premises is FOUR <br /> HUNDRED SIXTY THOUSAND AND 00/100 ($460,000.00) Dollars, of which <br /> Five Thousand (55,000.00) Dollars was paid with the offer <br /> Dunning&Kinane.L.L.P. <br /> 133 Falmouth Road.P.O.Box 560.MashPm.MA 02649 <br /> (508)x77-6500 1508)477-5697 Fax <br />