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SCHOOLS

A twelve grade combination elementary and high school is

located in the community of Bonanza approximately 6 miles from the

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facilities are located in Klamath Falls approximately 25 miles from

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DEVELOPMENT CORP., Oregon corporations, dba Klamath Falls Forest
Estates, Unit 4, are hereby authorized to sell their securities

consisting of 1,490 lots for seasonal-recreational use only, for not

more than the consideration and in the manner and on the basis set

forth in its application filed with the Real Estate Commissioner of the State of California on December 7, 1964; together with the forms

and documents submitted therewith and thereafter submitted prior to

the issuance of this permit, together with any changes or modifica

tions which the Commissioner, in his discretion, may hereafter approve

in writing.

This permit is issued upon each of the following conditions:

1. That no changes be made in the offering until

prior consent of the Real Estate Commissioner

is obtained.

2.

That all California purchasers' funds shall be

delivered to the seller by the next business

day following receipt, and the seller shall

forthwith execute and deliver a signed real

property sales contract to the buyer or return

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if the funds are to be returned, any purchasers'

funds, which are held in excess of twenty-four hours or the next business day, will be impounded

in a neutral escrow depository in accordance with s 11013.4 (f) of the California Business and Professions Code and Regulation 2814.5(1) of Title 10, California Administrative Code.

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3.

That a true copy of this permit and public report,

and a copy of the Declaration of Restrictions, shall

be given to each prospective purchaser prior to signing the contract of Sale (Real Estate Purchase Agreement), and prior to accepting any funds from the prospective

purchaser.

4.

That applicant and its agents shall comply in all

respects with the provisions of Article 8 (commencing

with s 10249) of Chapter 3 of Part I, Division 4, of

the California Business and Professions Code, and

regulations adopted by the Real Estate Commissioner,

as added by Statutes 1963, Chapter 1819.

5.

That unless revoked or suspended or renewed upon application filed on or before the date of expiration specified in this condition, all authority to offer to

sell or to sell securities under this permit shall

terminate and expire on June 28, 1967, (one year from date of permit) or upon a material change. All other

paragraphs and/or conditions of this permit, if any,

shall remain in full force and effect until revoked,

suspended, or amended by order of the Commissioner.

6.

That applicant shall file ten (10) days prior to use

true copies of all advertising and promotional material,

and that applicant shall not use any such material

in any way after the Commissioner gives notice
in writing that such material contains any state-
ment that is false or misleading or omits to state

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8.

Lots 1 through 22, Block 76; Lot 1, Block 77, Lot 18,

Block 78; Lots 1 through 10, Block 92; Lots 4 and 5,

Block 97; and Lot 1, Block 131, are not authorized

for sale in California.

Milton G. Gordon
Real Estate Commissioner

June 28, 1966

File No. 33

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NOTE EVERY PURCHASER SHALL BE FURNISHED A COPY OF THIS REPORT BEFORE TE EXECUTION OF ANY BINDING GREEMENT TO PURC IASE SAID LAND.

This roport is not an approval or disapproval of this subdivision.

This rsport is compiled from information filed with the Director of thi? Utah Real Estate Commission without personal inspection of the pron rtv. Every buyer should nike his own investigation and personal inspection be fore purchasing.

The Comunission does not regulst: or govern the size of parcels, drainage, sanitation, water, and the piysical aspects of subdivisions. All S!!! matters arregulated and passed on by to local County Commission rs.

The permit holder is required to furnish Utah purcasers a copy of this report before signing a purchase ord:r.

THIS DEPARTMEITT ALWAYS RECOMMENDS THAT THE PURCTIASER SEE THE LAND BEFORE BUYING.

The Comission cannot and does not vouch for the accuracy of this report. It is compiled from infornation - the fils.

Prosp?ctive purcesurs gould conduct their own inv-stigation and personal inspection in ord:r to know what they are buying.

Special notes covering the subdivision are on the riverse side of this page and should be read carefully.

DEPARTMEITT OF BUSINESS REGULATION
REAL ESTATE DIVISION

DIRECTOR

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