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2022-177A
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2022-177A
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Last modified
11/23/2022 10:53:58 AM
Creation date
10/20/2022 2:57:38 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/20/2022
Control Number
2022-177A
Agenda Item Number
8.E.
Entity Name
Indian River County Habitat for Humanity Inc.
Subject
Agreement to Purchase, Sell, and Lease Real Property 8685 61st Drive (Parcel A)
and 8695 61st Drive (Parcel B)
Warranty Deed
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6. Closing. <br />6.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") <br />shall take place within 45 days following the execution of the contract by the Chairman of <br />the Board of County Commissioners. The parties agree that the Closing shall be as <br />follows: <br />(a) The Seller shall execute and deliver to the County a warranty deed conveying <br />marketable title to the Properties, free and clear of all liens and encumbrances and in the <br />condition required by paragraph 3. <br />(b) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails <br />to do so, County may use a portion of Purchase Price funds to satisfy the encumbrances. <br />(c) If the Seller is a non-resident alien or foreign entity, Seller shall deliver to the County <br />an affidavit, in a form acceptable to the County, certifying that the Seller and any interest <br />holders are not subject to tax under the Foreign Investment and Real Property Tax Act of <br />1980. <br />(d) The Seller and the County shall each deliver to the other such other documents or <br />instruments as may reasonably be required to close this transaction. <br />6.2 Taxes. All taxes and special assessments which are a lien upon the property on or <br />prior to the Closing Date (except current taxes which are not yet due and payable) <br />shall be paid by the Seller. <br />7. Personal Property. <br />7.1 The Seller shall have removed all of its personal property, equipment and trash from <br />the Properties. The Seller shall deliver possession of the Properties to County vacant and <br />in the same or better condition that existed at the Effective Date hereof. <br />8. Closing Costs: Expenses. County shall be responsible for preparation of all Closing <br />documents. <br />8.1 County shall pay the following expenses at Closing: <br />8. 1.1 The cost of recording the warranty deed and any release or satisfaction obtained by <br />Seller pursuant to this Agreement. <br />8.1.2 Documentary Stamps required to be affixed to the warranty deed. <br />8.1.3 All costs and premiums for the owner's marketability title insurance commitment and <br />policy, if any. <br />8.2 Seller shall pay the following expenses at or prior to Closing: <br />
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