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Res. #18-005 - Authorizing Conveyance of Real Property to Jon & Sophie Pederson
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Res. #18-005 - Authorizing Conveyance of Real Property to Jon & Sophie Pederson
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documents provided by Seller leremelm to Seller. This obligation shall survive tmmhmdOn Of <br /> this Agwemsm. <br /> 5. EmalltillZmA AhOM112ARCIINk <br /> A. Buyer shall have The right aming a period oommenwng with the RMetive Date <br /> and ending on January 31, 2018 (the 'TessibMty and Inspection Period") for the <br /> follersing., (J)to doommao that Buyer is salisfied with my appraisals, survapS,reviews, <br /> trupecdom, invastigodons and areft Snoluding without Ifinpohnn WE, =*Onmmtal <br /> end aughesulng resta and"ca) of the property made by or on behalf of Buyer; (it)to <br /> Obtain all jusibeirsa <br /> goy sl wreafte and approvals sacesseq or appmpride in <br /> Buyees, dateradrefion for Buyer's intended use of the Property,- ()H)to detmniw flud <br /> Buyer is satisfied with the Sollees Due Difigerea Documents and the mallow disclosed <br /> therein draBortively# the "Buyer's Confisgumeks'!). if the Feasibility and Inwation <br /> Period ends on a Saturday,Sunday or legal holiday, It shall be extended through the end <br /> of the next business day. <br /> b. Saffer h=by gracts to Buyer,Its agents,r%nu=Udvrl and restructure,the right <br /> to caw upon the Property at reasonable unwe and from time to time aft the Effective <br /> fronsfigeft eating: nd <br /> Date for the purpose of apprabdiag stryt7mg, reviewing, imp a <br /> testing the Property mad Bar offer purposes consistent with Baynes Wourds under this <br /> Agromear, Buyer agrees to betwou*,definal And hold hounloss,Sallerfohn and agamot <br /> any lion or liability mWft from the"video Of Buyer Or its agents,Ing"andusives or <br /> contractors on the Propawy inherent to this PacePaph 5, and, if Buyer datuages the <br /> Propwty, Buyer shall melure*0 MOSOM to oubstantially the condition existing prior to <br /> such damp by Buyer <br /> 0. At any time prior to and not Ida it=five(5)business days aft flas and of the <br /> Feasibift Period, Buyer mq, ml its sole and absolute discretion, and for my mason or <br /> for noreason,elect not In paschans the Properly and elect to sweduare Bad Agrowneut by <br /> giving written notice of terminotion to Seller, Upon such nomination,the Hamest Money <br /> uludl be retuned to Buyer and safther parly bureau."have any further liabilities or <br /> obligations cader tins Agesecom, The Boyces cansingeoulan are 1w: the sole and <br /> exclusive bacefit of Buyer and may be vadved by Buyer. in the event Ow this purchase <br /> Agroweem Is not tamlisaW within (5) five days aft the and of the Possibility and <br /> Expoution,Period, all of the Buyer's Coas, set forth in this Pangaph 5 will be <br /> deemed welved. <br /> 6e iga1E–x—ch—OnA&-Cotin��. <br /> ae jhe closing on the purchase of the Progwer is further contingent on Buyer find <br /> closing on the sale of property located eta 0 Bruce Southeast and 2 Malcolm <br /> Avenue Soyheast; both located in the C4 of Minneapolis, NIN (oollactivelyo the <br /> "Exchange Proporty). The anticipated closing date on &a sale of the Exchange <br /> Ptolemy Is on or about April 2,2018. <br /> 3 <br />
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