09/04/2018 (2) - Laserfiche WebLink

Home Browse Search

(a) Not transfer any of the Property or voluntarily create on the Property any easements, liens, mortgages, encumbrances or other interests that would affect the Property or Seller's ability to comply with the terms and conditions of this Agreement. (b) Promptly disclose in writing to Buyer any material change in any facts or circumstances which would make any of the representations, or other provisions of this Agreement, inaccurate, incomplete, or misleading. (c) Cooperate with Buyer to assist Buyer in carrying out the transaction contemplated herein, in obtaining any approvals and authorizations, and in delivering all documents, instruments, or copies thereof or other information as may be reasonably requested by Buyer. 13. INSPECTION AND FEASIBILITY. Buyer shall have a period of ninety (90) business days after the Effective Date to make a physical inspection of the Property and to determine if it is satisfactory to Buyer. If the Buyer's physical inspection of the Property is unsatisfactory to Buyer, then Buyer may accept the Property as -is, as provided herein, or may terminate this Agreement within.said ninety (90) day period. 14. CLOSING DATE. Subject to all of the terms, covenants, and conditions hereof, the sale and purchase transaction contemplated in this Agreement shall be closed on or before thirty (30) days subsequent to the end of the Inspection Period referenced in paragraph 13 of this Agreement. Provided that the Agreement has not been prior thereto terminated by the Buyer in accordance with any of the provisions of this Agreement, closing of this transaction shall occur at the offices of Seller's attorney, or shall occur without a sit down closing by utilizing delivery of documents by recognized courier service, wire transfer of funds, and other secure delivery methods. At such Closing, Buyer shall deliver to the Closing Agent, in the form hereinabove specified, all monies required to complete Buyer's payment of the Net Purchase Price of the Property and Seller shall execute and deliver the special warranty deed, and other documents contemplated and required to be executed and delivered pursuant to the provisions of this Agreement. Seller and Buyer shall also execute and deliver to the Closing Agent such other documents at such Closing as may be reasonably required of them in order to consummate and close the sale and purchase transaction contemplated in this Agreement pursuant to the terms hereof. The Closing Agent shall make all disbursements in accordance with. a Closing Statement approved by Buyer and Seller. Buyer shall pay the cost of the Owner's Title Insurance Policy. Buyer shall pay the cost of recordation of all documents related to conveyance of ownership of the Property by Seller to Buyer. Seller shall pay the cost of recordation of all documents related to conveyance of easements by Buyer to Seller. Each party shall bear their own attorney's fees. 15. CLOSING DOCUMENTS. In addition to those documents otherwise required herein to be delivered, Seller shall deliver to the Closing Agent the following documents at Closing: (a) A Special Warranty Deed, in recordable form, by which Seller shall convey the Property to Buyer, subject only to the Permitted Exceptions and Deed Restrictions; (b) Such other items, instruments, or affidavits as may be required for issuance of an Owner's Title Insurance Policy as contemplated herein. Page 6 of 15 Buyer's Initials Seller's Inds