Parcel "A" (H 71707E)
Lot 15

Block 3

District Lot 379

Group 1

Plan 1213

New Westminster District

(both of the foregoing being the "Exchange Lands")

which Exchange Lands have an appraised value of
$152,000.00.

2. Onless the Purchaser is in default hereunder or this
Agreement is rendered null and void, the Purchaser may pay all or
any part of the balance of the purchase price without notice,
benus or penalty upon payment of all interest accrued to the date
of suca payment.

3. The Purchaser covenants and agrees with the Vendor that
the Purchaser will observe and perform each and every one of the
covenants and conditions on the part of the Purchaser contained
in that certain Covenant (herein called the "Section 215
Covenant") granted in respect of the Lands by the Purchaser in
favour of the City and to be registered in the New Westminster
Land Title Office as an encumbrance against the Lands pursuant to
Section 215 of the Land Title Act.

4. ; The Purchaser acknowledges and agrees that it has

raviewad Zoning Bylaw No. 1651 of the City as it pertains to
these Lands and the Purchaser approves of and agrees to this
Bylaw and agrees to comply with this Bylaw in its present form
and as it may be amended from time to time.

§. ‘The Purchaser acknowledges and agrees that it is
responsible for examining the Lands and in addition for making
whatever drainage arrangements are necessary to control runoff
and seepage. The Purchaser further acknowledges and agrees that
the Vendor has made no representation or warranty whatsveever as
to the suitability of soil conditions for the construction of any

improvement or improvements on the Lands.

6. The Purchaser further covenants and agrees with the
Vandor as follows:

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