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G. Payment Schedule: <br />Payable annually in advance. <br />491--093 <br />------------------------------------------------------------------------ <br />PMT Due Date <br />Rent <br />Purchase <br />To <br />To <br /># <br />Option <br />Principal <br />Interest <br />--------------------. <br />1 On acceptance <br />---------------------------------_------------------- <br />$22,854.00 <br />$22,854.00 <br />$0.00 <br />.2 <br />22,854.00 <br />$85,711 <br />17,037.20 <br />5,816.80 <br />3 <br />22,854.00 <br />66,275 <br />18,335.43 <br />4,518.57 <br />4 <br />22,854.00 <br />45,359 <br />19,732.59 <br />3,121.41 <br />5 <br />22,854,00 <br />22,655 <br />21,230.78 <br />1,623.22 <br />$1 <br />------------------------------------------------------------------------ <br />TOTALS: $114,270.00 $99,190.00 $15,080.00 <br />------------------------------------------------------------------------ <br />H. Purchase Option. The Purchase Option payments scheduled above are to <br />be made in Lieu of making the scheduled lease payment on a like date. <br />Purchase Options are granted to purchase not less than all of the <br />Property in "as is" condition in consideration of the specified pay- <br />ments. Upon the exercise of a Purchase Option or the making of all <br />scheduled lease payments, a bill of sale will be tendered evidencing <br />the transfer of title to the Property free and clear of any liens, <br />encumbrances or security interest. <br />Approved and agreed to: <br />MUNICIPAL LEASING ASSOCIATES,INC. <br />(lessor) <br />By <br />Title <br />Date <br />CITY OF SANTA ANA <br />(lessee) <br />B <br />Title aniel H. Young, ayor <br />Date <br />APPROVED AS TO FORM <br />DW DJ COOPER <br />CITY ORNEY <br />