Laserfiche WebLink
12. SELLER'S OPERATIONS PRIOR TO CLOSING. Seller agrees that between the <br />Execution Date and the Closing Date, Seller shall: <br />(a) Not transfer any of the Property or voluntarily create on the Property any easements, <br />liens, mortgages, encumbrances or other interests that would affect the Property or Seller's <br />ability to comply with the terms and conditions of this Agreement. <br />(b) Promptly disclose in writing to Buyer any material change in any facts or circumstances <br />which would make any of the representations, or other provisions of this Agreement, inaccurate, <br />incomplete, or misleading. <br />(c) Cooperate with Buyer to assist Buyer in carrying out the transaction contemplated herein, <br />in obtaining any approvals and authorizations, and in delivering all documents, instruments, <br />or copies thereof or other information as may be reasonably requested by Buyer. <br />13. INSPECTION AND FEASIBILITY: APPRAISALS. Buyer shall have a period of forty- <br />five (45) days after the Effective Date to make a physical inspection of the Property and to <br />determine if it is satisfactory to Buyer. Buy shall also within said time obtain such appraisals <br />supporting the purchase price of the Property as required by Fla. Stat. section 125.335 and notify <br />Seller of receipt thereof upon completion. If the Buyer's physical inspection of the Property is <br />unsatisfactory to Buyer, then Buyer may accept the Property as -is, as provided herein, or may <br />terminate this Agreement within said forty-five (45) day period and have Buyer's Deposit <br />returned. <br />14. CLOSING DATE. Subject to all of the terms, covenants, and conditions hereof, the sale <br />and purchase transaction contemplated in this Agreement shall be closed on or before thirty (30) <br />days subsequent to the end of the Inspection Period referenced in paragraph 13 of this <br />Agreement. Provided that the Agreement has not been prior thereto terminated by the Buyer in <br />accordance with any of the provisions of this Agreement, closing of this transaction shall <br />occur at the offices of Buyer's Title/Escrow Agent, who shall also serve as the "Closing <br />Agent," or shall occur without a sit down closing by utilizing delivery of documents by <br />recognized courier service, wire transfer of funds, and other secure delivery methods. At such <br />Closing, Buyer shall deliver to the Closing Agent, in the form hereinabove specified, all monies <br />required to complete Buyer's payment of the Net Purchase Price of the Property and Seller shall <br />execute and deliver the special warranty deed, and other documents contemplated and required <br />to be executed and delivered pursuant to the provisions of this Agreement. Seller and Buyer <br />shall also execute and deliver to the Closing Agent such other documents at such Closing as <br />may be reasonably required of them in order to consummate and close the sale and purchase <br />transaction contemplated in this Agreement pursuant to the terms hereof. The Closing Agent <br />shall make all disbursements in accordance with a Closing Statement approved by Buyer and <br />Seller. Buyer shall pay the cost of the Owner's Title Insurance Policy. Buyer shall pay the <br />cost of recordation of all documents related to conveyance of ownership of the Property by <br />Seller to Buyer. Seller shall pay the cost of recordation of all documents related to conveyance <br />of easements by Buyer to Seller. Each party shall bear their own attorney's fees. <br />15. CLOSING DOCUMENTS. In addition to those documents otherwise required herein to <br />be delivered, the parties shall deliver to the Closing Agent the following documents at <br />Po:E)i n g.A <br />Page 6 of 15 <br />Buyer's Initials Seller's Initials <br />