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2007-320B
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2007-320B
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Last modified
6/24/2016 1:27:08 PM
Creation date
9/30/2015 11:19:38 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/18/2007
Control Number
2007-320B
Agenda Item Number
9.A.1
Entity Name
Padgett Creek LLC
Subject
Option Agreement purchase Conservation Easement
Supplemental fields
SmeadsoftID
6612
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18 . BROKERS . Seller warrants that no person , firm , corporation , or other entity is entitled <br /> to a real estate commission or other fees as a result of this Agreement or subsequent <br /> closing , except as accurately disclosed on the Closing Documents . Seller shall indemnify <br /> and hold Purchaser harmless from any and all such commission claims , whether disclosed <br /> or undisclosed . <br /> 19 . RECORDING . This Agreement may not be recorded . <br /> 20 . ASSIGNMENT . This Agreement may be assigned by Purchaser, in which event <br /> Purchaser will provide written notice of assignment to Seller. This Agreement may not be <br /> assigned by Seller without the prior written consent of Purchaser. <br /> 21 . TIME . Time is of essence with regard to all dates or times set forth in this Agreement. <br /> 22. SEVERABILITY. In the event any of the provisions of this Agreement are deemed to <br /> be unenforceable, the enforceability of the remaining provisions of this Agreement shall not <br /> be affected . <br /> 23 . SUCCESSORS IN INTEREST. Upon Seller's execution of this Agreement, Seller's <br /> heirs , legal representatives , successors and assigns will be bound by it. Upon Purchaser's <br /> approval of this Agreement and Purchaser's exercise of the option , Purchaser and <br /> Purchaser's successors and assigns will be bound by it. Whenever used , the singular shall <br /> include the plural and one gender shall include all genders. <br /> 24 . ENTIRE AGREEMENT . This Agreement contains the entire agreement between the <br /> parties pertaining to the subject matter contained herein and supersedes all prior and <br /> contemporaneous agreements, representations , and understandings, whether written or <br /> oral , between the parties pertaining to the subject matter contained herein . <br /> 25 . WAIVER . Failure of Purchaser or Seller to insist upon strict performance of any <br /> covenant or condition of this Agreement, or to exercise any right herein contained , shall not <br /> be construed as a waiver or relinquishment for the future of any such covenant, condition or <br /> right; but the same shall remain in full force and effect. <br /> 26. AMENDMENTS . No modification , amendment, or alteration hereto, shall be effective or <br /> binding upon any of the parties hereto until it has been executed by all of the parties hereto . <br /> 27 . SURVIVAL. The covenants, warranties , representations, indemnities and undertakings <br /> of Seller set forth in this Agreement shall survive the closing , delivery, and recording of the <br /> Conservation Easement under this Agreement. <br /> 28 . BARGAIN SALE . Purchaser acknowledges that Seller intends to effectuate a "bargain <br /> sale" of the Property, i . e. , a sale to a charitable organization at a price below fair market <br /> value wherein the difference is considered a charitable contribution under applicable <br /> sections of the Internal Revenue Code . Seller acknowledges that the substantiation of a <br /> charitable contribution deduction rests exclusively with Seller, with the exception of <br />
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