CCP 06-16-1997 - Laserfiche WebLink

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.- 'I I (B) This Agreement and all obligations of Purchaser hereunder are expressly .. conditioned on the following conditions precedent being in effect or complied with on and as of I the Closing Date, and Seller coveoants that it will use diligent. good faith efforts to cause such conditions to be in effect or complied with: (1) The Title Commitment, as redated to the Closing Date, shaH disclose good I and marketable fee simple title to the Property vested in Seller free and clear of all encwnbJances except the PCIIIlittcd Exceptions, and the Title Company shall be prepared I to issue the Title Policy to Purchaser in the form required by Section 4 immediately upon the recording of the Deed. (2) Seller' s represent"dtions and warranties set forth in Section 8 shall remain I true and correct in all material respects. (3) Seller shall have executed and delivered or caused to be executed and I delivered to Purchaser and/or the Title Company, as herein provided, all documents, instruments and information required to be delivered by Seller. I (4) SeHer shall have complied with all of its other obligations under this Agreement. ell 13. CLOSING. (A) Provided all of the conditions to closing set forth in this Agreement bave been I satisfied or waived by the parties, and this Agreement has Dot been terminated by either party in accordance with the provisions herein set forth, the closing hereunder (the "Closing") shall be I through an escrow with the Title Company on the Closing Date. The Closing shall occur on August 2, 1997. (B) The Closing sha1l be effected in accordance with the fo1lowing procedure: I (1) Not less than five (5) days prior to the Closing Date, Purchaser shall callSe I the Title Company to prepare and deliver to Purchaser and Seller a preliminary closing statement for each party showing all amounts due from each party, including all closing costs and expenses computed as set forth in this Agreement. I (2) On or before the Closing Date, Seller shall deliver or cause to be delivered to the Title Company the following; I (a) Full releases of all mortgages, dccds of trust and other financing instruments affecting the Property, duly executed by the holdcIS thereof, I acknowledged and in proper fonn for recording. (b) The Deed, in a fonn reasonably approved by Purchaser and the .. Title Company. 8 I 60'd 6NIL. L.G6 ct9 'tt'd '3)113<1 '8 A3J(Jtt~ "t:tt L.66t~t-NN'