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2017 06-06 PC PACKET
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2017 06-06 PC PACKET
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terminates this agreement and Buyer fails to cure such default within Thirty (3.0) days of <br />the date of such notice, this Agreement will terminate, and upon. such termination Seiler <br />will be entitled to retain the Earnest Money paid as liquidated damages; time being of the <br />essence of this. Agreement. The termination of this. Agreement and retention of the <br />Earnest Money will be the sole remedy available to Seller for such default by Buyer <br />except as otherwise provided in this Agreement. Buyer will not be. liable for damages or <br />specific performance with the exception of any default by Buyer of its obligations to pay <br />for services rendered to investigate and perform its due diligence on the Property or any <br />of its. indemnification .obligations under this Agreement which obligations shall.. survive <br />termination of this Agreement. <br />If Seller defaults under this Agreement, Buyer may either (a) terminate this Agreement.in <br />which event Buyer shall be entitled to°return of its Earnest Money upon Buyer furnishing <br />an affidavit setting forth the. services rendered upon the Property together with. mechanic <br />lien waivers or proof of payment for anylienahle. services and a quit claim deed and <br />thereafter neither Seller or Buyer shall. have any further obligations.under this Agreement <br />except as to Buyer's obligations to pay for lienable serrvices rendered to the.Property or <br />any of its indemnification obligations under this Agreement, (b) cure Seller's breach and <br />deduct the cost of said cure.to a maximum of $2,500.00 from the Purchase Price; or (c) <br />exercise its remedy at law or in equity to seek judgment compelling the specific <br />performance of the Agreement.. <br />1.9. Withdra al of Offer. The offer made by the first party to execute this Agreement shall <br />be deemed to be withdrawn unless accepted by the other party and a fully executed <br />counterpart of this Agreement returned: to such first party on or before the date which is <br />Fifteen t15) days after this Agreement was signed by the first party. <br />20: Counterparts. This Agreement may be executed in any number of counterparts, each of <br />which shall be deemed to. be one and the same instrument. . The exchange,of copies of <br />this Agreement and -of signature peyfacsimilerportable documentformat. (pdf) shall constitute effective execution and delivery of this Agreement. as to the parties and <br />may be used in lieu. of the original Agreement for all purposes. <br />21. A rmment t Honn -the: Hansen Family on the main En trance Signs for the Park. The <br />City agrees to add to the.b. ottom of all entrance signs for any park created on the Propert, <br />the following language; <br />Early 1900's site of land farmed by the Hansen family and <br />known as: Summit Dairy <br />The lettering shall be at least 2" high and clearly legible and shall be included on all <br />future entrance signs to the park into. perpetuity. <br />This Agreement was entered into on the date set forth: opposite the respective party's name. <br />BUYER: City of Gem Lake <br />By <br />Robert Uzpen <br />Its Mayor <br />SELLER: Hansen Investments, LLC <br />By <br />Thomas M. Hansen, <br />Its. Chief Manager <br />Dated, May , 2017 Dated. May , 2017 <br />8483\Nwi ase Agreement City.of Oem-Lake - Puk.Land 5-3-2017 <br />la <br />
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