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2017-126
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2017-126
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Last modified
8/18/2017 2:27:01 PM
Creation date
8/18/2017 2:24:51 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/15/2017
Control Number
2017-126
Agenda Item Number
11C
Entity Name
Youth Guidance Donation Fund
Subject
Old Library
Agreement to Purchase and Sell Real Estate
Langwick Subdivision
Area
1028 20th Place
Alternate Name
Indian River County Annex Building
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6.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") <br />shall take place within 30 days following the Effective Date of this Agreement. The parties <br />agree that the Closing shall be as follows: <br />(a) The County shall execute and deliver to Youth Guidance a County Deed conveying <br />marketable title to the Property, free and clear of all liens and encumbrances and in the <br />condition required by paragraph 3. <br />(b) Aside from the personal property conveyed to Youth Guidance by the County under <br />separate agreement, the County shall have removed all of its personal property and <br />equipment from the Property and the County shall deliver possession of the Property to <br />Youth Guidance vacant and in the same or better condition that existed at the Effective <br />Date hereof. <br />(c) If County is obligated to discharge any encumbrances at or prior to Closing and fails <br />to do so, Youth Guidance may use a portion of Purchase Price funds to satisfy the <br />encumbrances. <br />(d) The County and Youth Guidance shall each deliver to the other such other <br />documents or instruments as may reasonably be required to close this transaction. <br />6.2 Taxes. All taxes upon the property on or prior to the Closing Date (except current <br />taxes which are not yet due and payable) shall be paid by the County. <br />7. Closing Costs; Expenses. Youth Guidance shall be responsible for preparation of all <br />Closing documents. <br />7.1 Youth Guidance shall pay the following expenses at Closing: <br />7.1.1 The cost of recording the County Deed and any release or satisfaction <br />obtained by County pursuant to this Agreement. <br />7.1.2 Documentary Stamps required to be affixed to the County Deed <br />7.1.3 All costs and premiums for the owner's marketability title insurance <br />commitment and policy, if any. <br />7.1.4 Current taxes which are not yet due and payable. <br />7.2 County shall pay the following expenses at or prior to Closing: <br />7.2.1 All costs necessary to cure title defect(s) or encumbrances, other than the <br />permitted exceptions, and to satisfy or release of record all existing mortgages, liens or <br />encumbrances upon the Property. <br />
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