2019-150 - Laserfiche WebLink

Home Browse Search

3. The County also agrees to convey an exclusive 20' wide easement for ingress and egress off of 5th Street SW to the 0.15 acre property as depicted on the sketch and legal description attached and incorporated by reference to this Agreement as Exhibit B. 4. The Watsons hereby agree to convey to the County by Warranty Deed a 0.13 acre (5,710 sq. ft.) parcel of property depicted on the sketch and legal description attached and incorporated by reference to this Agreement'as Exhibit C. 5. Each party shall convey marketable title to their respective parcels by County or warranty deed free of claims, liens, easements, encumbrances and property taxes prorated for the year of closing. 6. If the Watsons are required to obtain a partial release of mortgage on the property they convey to the County, the County will agree that the partial release may be held in escrow until the closing. of this exchange. 7. The Watsons agree to provide evidence of property insurance covering the easement in the amount of $500,000.00 for Personal Liability together with naming the county as an additional interest and providing a certificate of said insurance to the County. 8. The Watsons shall remove any of their personal property from the property conveyed to the County prior to the date of Closing. 9. Each Party shall be responsible for preparation of its own Closing documents and each party shall hold any deed in escrow until the Closing Date. 10. The County shall pay the following expenses at Closing: The cost of recording the warranty deed from the Watsons. 11. The Watsons shall pay the following expenses at or prior to Closing: a. Any and all taxes prorated to the Closing date. b. All costs necessary to cure title defect(s) or encumbrances, other than the permitted exceptions, and c. All costs to satisfy or release of record all existing mortgages, liens or encumbrances upon the Property conveyed to the County. d. All costs to record the Colony Deed and Ingress/Egress Easement. 12. In the event a dispute arises over this agreement, the Watsons and the County shall each pay their own attorneys' fees and costs. 13. This Agreement with its attachments constitutes the entire agreement between the parties with respect to this transaction and supersedes all prior agreements, written or oral.