2008-126 - Laserfiche WebLink

Home Browse Search

Parcel ID # 20-31-38-00000-7000-00004.0 Default. 5.1 In the event of a default by the County, the Seller shall be entitled, as its sole remedy hereunder, to terminate this Agreement and neither the Seller nor any other person or party shall have any claim for specific performance, damages or otherwise against the County. 5.2 In the event the Seller shall fail to perform any of its obligations hereunder, the County shall be entitled to: (i) terminate this Agreement by written notice delivered to the Seller at or prior to the Closing Date, (ii) obtain specific performance of the terms and conditions hereof, or (iii) waive the Seller's default and proceed to Closing. 6. Closing. 6.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") shall take place within thirty (30) days following the Effective Date of this Agreement. The parties agree that the Closing shall be as follows: (a) The Sellers shall execute and deliver to the County a warranty deed conveying marketable title to the Property. (b) The Sellers shall have removed all of its personal property and equipment from the Property and Sellers shall deliver possession of the Property to County vacant and in the same general condition that existed at the Effective Date hereof. (c) The Sellers shall deliver to the County an affidavit, in form acceptable to the County, certifying that the Sellers are not non-resident aliens or foreign entities, such that the Sellers and such interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980. (d) The Seller and the County shall each deliver to the other such other documents or instruments as may reasonably be required to close this transaction. (e) In the event there is no closing of this transaction within ninety (90) days of the date of Sellers' execution of this Agreement to Purchase and Sell Real Estate, then this Agreement shall terminate and the parties hereto shall be released forthwith from any and all obligations and liabilities under this agreement. 6.2 (a) County will pay documentary stamp tax, all recording fees, and all costs associated with the preparation of all closing documents. (b) County will pay the amount of $10,000.00 to Brigham, Moore, LLP, as a reasonable sum for attorney's fees. (c) County will pay the amount of $3,773.00 to JMD Engineering, Inc., as a reasonable sum for engineering services on behalf of the Seller. (d) County will pay the amount of $1,980.00 to Donald Money, LLC, as a reasonable 2