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forth a list of all services, proof of payment or lien waivers for any lienable services, and <br />a quit claim deed. if the Purchase Agreement is not terminated by Buyer on or before <br />the Contingency Date, thereafter the Earnest Money shall be.non refundable unless Seller <br />is. unable to convey marketable title, i)'pon termination of this agreement, neither party <br />will. have any further rights or obligations regarding this Agreement or the Property <br />except as to Seller's right to enforce Buyer's obligations under any guarantees and <br />indemnification agreements. All the contingencies set forth in this Agreement are <br />specifically stated and agreed by the parties.. if Buyer sloes not terminate the Purchase <br />Agreement. on or before the "Contingency Date" and fails to Close this txansaction,..Seller <br />tray serve Thirty (30) days notice and cancel this Agreement and all .of the.Earnest <br />Money paid shall be retained by Seller as iiquidated.damages.. <br />4; Seller's Contin encies. The obligations of Seller to close this Agreement are contingent <br />upon each of the following: <br />(a) Representations and Warranties. The representations and warranties.of Buyer <br />contained in this Agreement must be true now and on the Closing Date as if made <br />on the Closing Date. <br />(b) ancellation of Purchase A Bement with Landmark Gem Lake LLC. Seller's <br />obligation to. perform shall be contingent upon Seller's successful termination of <br />Landmark Gem Lake LLC's`purchase agreement dated.October 19, 2015 as <br />.amended on August 22, 201b. <br />(c) Bu er Closing SiM_ultarxeousiv on the rurcnase vs tints PU U60114 .,.0., rl.._k'01 <br />Seller's obligation to perform under this Agreement shalf be contingent upon <br />Buyer simultaneously closing on the. adjacent 10.85 acres of property also owned <br />by Seller pursuant to the terms of a Purchase agreement dated the same date as <br />this Agreement for the purchase of the property described in Exhibit "C" attached <br />hereto. <br />5. Closina Date_. The clasitâ–ºg of the purchase and sale contemplated by this Agreement (the <br />"Closing") shall occur on or before August,/; 2017. The Closing shall take place at the <br />office of the Title Company or at.such other place as may be agreed to by the parties. <br />Seller agrees to deliver possession of the Property to Buyer on the Closing Date subject <br />to the 2017 Farm Lease. <br />(a) Seller's Closing Documents. On. the Closing Date, Seller shall execute and/or <br />deliver to Buyer the following (collectively, "Seller's Closing Docurn.ents"): <br />(1) Deed. A Warranty Deed, in form reasonably satisfactory to Buyer and/or <br />the Title Company, conveying. the.P.roperty to Buyer, free and%clear of all <br />encumbrances, except the Permitted Encut6binces hereafter defined. <br />(2) Seller's Affidavit_ An Affidavit of Title by Seller (MIN Form # 50.1.3). <br />indicating that on the Closing Date there are no outstanding, unsatisfied <br />judgments, tax Iiens or bankruptcies against or involving Seller or the <br />Property; that there has been no skill, labor or material furnished at <br />Seller's request to the Property far which payment has not been made and <br />for which mechanics' liens could be filed, and that there are no other <br />unrecorded interests in the Pioperty; together with whatever standard <br />owner's affidavit and/or in[lemnaty (ALTA Foim} which may be required <br />by the Title Company to issue an Owner's Policy of Title insurance with. <br />the standard exceptions other than survey waived. <br />_3w <br />