CCP 03-08-1999 - Laserfiche WebLink

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" A. Interim, Sale/Calculation. Seller may remove dirt from the land prior to . the date of closing but shall document the amount removed. Purchaser may not remove dirt from the land prior to closing and prior to calculation of the volume of the dirt which is stock piled on the land. B. Negotiated Purchase Price: Upon execution of this Agreement, the parties shall have thirty (30) days to negotiate the Purchase Price for the Black Dirt. Purchase shall pay Seller the Negotiated Purchase Price upon Seller's satisfaction of the contingencies referenced in Section 12 hereof. C. Arbitrated Purchase Price: Itthe purchase price for the Black Dirt is not determined pursuant to the provisions of Section 2.2 (B), it shall be determined by submitting the valuation issue to binding arbitration pursuant to the Rules of the American Arbitration Association. Purchaser shall pay the Seller the arbitrated purchase price upon Seller's satisfaction of the contingencies referenced in Section 12 hereof. 2.4 Relocation Benefits. The Purchaser shall pay the following Relocation Benefits by certified check on the day of closing: Total $ 7,500.00 $64,900.00 $20.000.00 $92,400.00 . Moving Expense. Replacement Housing Allowance. Business Relocation Fixed Payment 3. Title. Prior to the Closing Date, Purchaser shall obtain, at Purchaser's expense, a commitment for an owner's title insurance policy (ALTA Form 1990) issued by a title insurance company acceptable to the Purchaser (the "Title Company"), naming Purchaser as the proposed owner insured of the Real Property in the amount of the purchase price for the Real Property (the "Commitment"). The Commitment shall have a current date as its effective date and shall commit to insure marketable title in Purchaser, free and clear of all mechanics' lien claims, questions of survey, unrecorded interests, rights of parties in possession or other exceptions. The Commitment shall set forth all levied real estate taxes and special assessments and shall contain such endorsements as Purchaser may require. Said commitment shall have attached copies of all instruments or record which create any easements or restrictions which are referred to in Schedule B of the title commitment. Together with the Commitment, Purchasershall obtain Uniform Commercial Codesearchesagainstthe Business Equipmentand Black Dirt evidencing that the Business Equipment and Black Dirt are not subject to any financing statements or security interests (the "Searches"). Purchaser will be allowed after receipt of the Commitment, the Searches, and the Survey (as hereinafter defined) an examination thereof and to make any objections to the marketability of the title to the Real . 2