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2013_0923_packet
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2013_0923_packet
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10/14/2013 3:42:12 PM
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9/19/2013 2:38:29 PM
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t <br /> with the zoning, access, drainage, floodplain designation, wetland areas, acreage and <br /> dimensions, and all other features and conditions of the Property which Buyer deems <br /> necessary for Buyer to purchase the Property. <br /> The "Contingency Date" shall be ninety (90) days after the Effective Date of this <br /> Agreement. If any of the foregoing contingencies have not been satisfied (which <br /> determination shall be within the Buyer's exclusive discretion) on or before the <br /> Contingency Date, then this Agreement may be terminated, at Buyer's option, by <br /> written notice from Buyer to Seller. Such notice of termination may be given at any <br /> time before Closing. Upon such termination,the Earnest Money shall be immediately <br /> returned to Buyer, and following such payment neither party shall have any further <br /> rights against or obligations to the other hereunder. All the contingencies set forth in <br /> this Agreement are specifically stated and agreed to be for the sole and exclusive <br /> benefit of the Buyer and the Buyer shall have the right to unilaterally waive any <br /> contingency by written notice to Seller. The costs incurred by the Buyer to determine <br /> whether the contingencies have been satisfied shall be paid by the Buyer. <br /> 4. Closing. The closing on the purchase and sale contemplated by this Agreement (the <br /> "Closing") shall occur on that date which is ten (10) business days after the Contingency <br /> Date. The Closing shall take place at the Title Company or such other location as is <br /> mutually agreeable to the parties. The Seller agrees to deliver possession of the Property <br /> to the Buyer immediately following the Closing. <br /> A. Seller's Closing Documents. Upon Closing the Seller shall execute and deliver to <br /> Buyer the following(collectively the "Seller's Closing Documents"): <br /> i. Deed. A Warranty Deed, in form reasonably satisfactory to Buyer, conveying the <br /> Property to Buyer, free and clear of all encumbrances, except for the Permitted <br /> Encumbrances hereafter defined. <br /> ii. Seller's Affidavit. An Affidavit indicating that on the date of actual Closing there <br /> are no outstanding, unsatisfied judgments, tax liens or bankruptcies against or <br /> involving Seller or the Property; that there has been no skill, labor or material <br /> furnished to the Property for which payment has not been made or for which <br /> mechanics' liens could be filed; and that there are no unrecorded contracts, leases, <br /> easements, or other agreements or interests relating to the Property, together with <br /> whatever standard owner's affidavit and/or indemnity which may be required by <br /> the Title Company to issue an Owner's Policy of Title Insurance showing the <br /> condition of title required by this Agreement with the standard exceptions waived. <br /> iii. Non-Foreign Transferor Certificate. A non-foreign certificate, properly executed <br /> and in recordable form,containing such information as is required by IRC Section <br /> 1445 (b) (2)and its regulations. <br /> 2 <br />
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