2016-100A - Laserfiche WebLink

Home Browse Search

i � I 4. Representations of the County. 4.1 County is indefeasibly seized of marketable, fee simple title to the Property, and is the sole owner of and has good right, title, and authori ytol convey and transfer the Property which is the subject matter of this Agreement, ree and clear of all liens and encumbrances. i 4.2 From and after the Effective Date of this Agreemer it, County shall take no action which would impair or otherwise affect title to any.portion o the�Property, and shall record- no documents in the Public Records which would affect Ole to the Property, without the prior written consent of the Buyers. 4.3 There are no existing or pending special assessmen s acting the Property,which are or may be assessed;by any governmental authority, water r sewer authority, school district, drainage district or any other special taxing district 5. Default. 5.1 In the event the Buyers shall fail to perform any of its obligations hereunder, the County shall, at its sole option, be entitled to: (i)terminate this Agreement by written notice delivered to the Buyers at or prior to the Closing Date and t ierdupon retain the Escrowed Funds as liquidated damages. Neither the County nor any otheri person or party shall have any claim for specific performance, damages, or otherwise e gai ''st the Buyers; or(ii)waive the Buyer's default and proceed to Closing. 5.2 In the event the County shall fail to perform any of its obligations hereunder, the Buyers shall, at its sole option, be entitled to terminate thi Agreement by written notice delivered to the County at or prior to the Closing Date and th( reupon neither the Buyers nor any other person or party shall have any claim for speci Jc performance, damages or otherwise against the County; or (ii) waive the County's de aulti and proceed to Closing. I 6. Closing. i 6.1 The closing of the transaction contemplated herein "Closing" and "Closing Date") shall take place within 30 days following the Effective Date of this Agreement. The parties agree that the Closing shall be as follows: (a) The County shalli execute and deliver to the Buye s a�County Deed conveying marketable title to the Property, free and clear of all liens drid ncu'mbrances and in the condition required by:paragraph 3. (b) The County shall shall deliver possession of the Prope to Buyers in the same or better condition that existed at the Effective Date hereof. ' -2-