2023-03-08 CC Packet - Laserfiche WebLink

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E. Buyer shall have the right to an inspection of the Property. If these inspections reveal conditions unsatisfactory to the Buyer, in its sole discretion, the Buyer shall cancel this Agreement or waive it right to do so. F. Buyer shall examine said Environmental Report. If these report(s) reveal conditions unsatisfactory to the Buyer, in its sole discretion, the Buyer shall cancel this Agreement or waive its right to do so. G. Buyer shall examine said Survey and make any objections thereto. If this examination reveals conditions unsatisfactory to the Buyer, in its sole discretion, the Buyer shall cancel this Agreement or waive its right to do so. H. Buyer shall have the right to obtain necessary bank or lender financing. If Buyer is unable to obtain the financing needed, Buyer, in its sole discretion, shall have the right to cancel this Agreement or waive its right to do so. I. Buyer shall obtain any necessary government approvals, including approvals from the City of Centerville. Buyer recognizes and affirms that the Seller has responsibility to govern activities including but not limited to zoning, building permits, construction, etc., and when doing so, the City acts independent from the responsibilities and conditions of this Agreement. To the extent that the provisions of this Agreement may conflict with its responsibilities as a government agency and City, those responsibility of government shall supersede the provisions of this Agreement, and Buyer shall have no recourse in law or equity under this Agreement. With the exception of paragraph 6(l), Buyer shall have the right to unilaterally waive any condition herein set forth and proceed to close. In the event Buyer desires to terminate this Agreement by reason of the failure of any one or more of the conditions above set forth, it shall do so by serving written notice thereof upon Seller, which written notice must be received by Seller on or before the Contingency Date. If such notice is not timely received by Seller, the conditions shall be deemed waived. If this notice is timely received, this Agreement shall be null and void and the earnest money herein paid shall be promptly refunded to Buyer by the Title Company. 7. Real Estate Taxes, Special Assessments and Prorations. On the Date of Closing the following prorations shall be made: A. Seller shall pay all real estate taxes, and any penalties and interest thereon due and payable upon the Property in the year prior to the year of closing, including all deferred taxes (including "Green Acres" taxes) and prior years to the year of closing. B. All real estate taxes payable in the year of closing shall be prorated to the day of closing between the parties with Seller paying that portion for the period of January 1 to the Date of Closing and Buyer paying the balance. 5 CORE/3527692.0002/180417462.2