Res. #18-005 - Authorizing Conveyance of Real Property to Jon & Sophie Pederson

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(5) A yethficaft dated as of the Closing Dole M6** that the representaflons and warranties am ants as of the Closing Dom,and acksmOodgim; that an&re"emstmos and warranties shall sunchar Closing,as poraided hmhL (6) If-the Property contains or contained a stonage bod; an affidavit 'with respect thereto,as required by Man.Stat §116,48. (7) All odcar agreements, documents and instrumnus necessary or incident to comeacrustion of the transactions comemplated hereby. I gas at�Cl gg. At des Closing,Buyer shall deliver to Seller the f blif"Ning: (1) The funds required by Pongimph Mir)hereof by Escrow Agent's check or wire thmsfix. (2) All other agrecmzmr,instruments and dnneuts necessary or incident to consussmation of the tranarackes;coffounplated hereby, The perforromm by Seller and Buyer at the doWng shall be mumurent 14, flgtggkeA. if Buyer cancels,this Purchure Agreement by reason of non-safiffaction of raw or more conditions to olosingi or if Buyer cereals dds;Purchow Agreement by rearear of Seflar's default to Earned Money(umeffing 0 aromed Intment t )godl.be promptly refunded to Buyer and nather party shan thereafter have am Buthrr liability,Tight or obligation hereunder. If Buyer dafmft muler this Purchase Agreement,dullness sole andoxclusive uscrody for Buyer-'a dolkaft shall be canadMan of this Purchase Agreement and ratemim of the Earaeg Money and all l earned themou as liquidated and Real damages. Notodflusureft the foregoing,M provision aw not fluat saner's remedies with roped to am,of the indarrafficather provisions of this Agnmomat, If this Agreement is not canceled by Buyer, Buyer shall have the right in addition to other remedies end fights"affable at law or to equity,to apply Im and reaches from any court of competant jurnsfision equitable relief by way of spedflo periumumoe to onto= performance of par terms of this Agremmir,plus reimbursement far costs, indluffing;reasonable attorney's fees,incurred in securing such reliet provideA hounsver,that an action to enforce sudir specific perfimmum "I be commenced withfif six (6) months star such right of achoo shall also and shall be to Him of any claim for damages. 15, Bilk of L _MS. In the event them is any loss or damage to the Property prior to Are date of alcift for my reason,Including fire,vroxmilanxflood.earthquake or act of 04 the risk of loss &W be on Seller. If the Property is destroyed or substantially damaged begun the closing date, Buyer sholl box the right to teraffmato this Agreement and,In cash event all Barnest Money(and warned hawasSalsali be promptly regraded to Buyer.