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2 <br />services and capital improvements to the Property, but excluding tax returns and such other <br />records as are normally viewed as confidential, provided that such other records are not <br />necessary, in Buyer's reasonable judgment, to the continued operation of the Real Property <br />and the Personal Property ("Records"). <br /> <br />Within fifteen (15) business days of the date of full execution of this Agreement, Seller shall <br />deliver to Buyer true and correct copies of all Contracts, Permits, Warranties, Plans, and <br />Records for Buyer's review and analysis. <br /> <br />2. Purchase Price. The total purchase price ("Purchase Price") to be paid by Buyer to <br />Seller for the Property shall be One Million and Five Dollars ($1,005,000.00) Dollars. <br /> <br />3. Payment of Purchase Price. The Purchase Price shall be paid as follows: <br /> <br />3.1 Earnest Money. Twenty Five Thousand Dollars ($25,000.00) as earnest <br />money ("Earnest Money") which Earnest Money shall be held by Ancona Title, Inc, <br />("Escrow Agent") in an interest bearing escrow account, provided, however, that the fee for <br />any such account shall be paid by Buyer. Interest shall accrue to the Buyer unless the Buyer <br />defaults and the Earnest Money is retained by the Seller with accrued interest, in accordance <br />with the terms of this Agreement. <br /> <br />3.2 Closing Payment. Nine Hundred Eighty Thousand Dollars ($980,000.00) <br />in cash or by wire transfer of U. S. Federal Funds to be received by Seller on or before 11:00 <br />a.m. local time on the Closing Date together with the Earnest Money pursuant to Section 3.1. <br /> <br />4. Contingencies. Unless waived by Buyer in writing, Buyer's obligation to purchase <br />the Property shall be subject to and contingent upon each of the following: <br /> <br />4.1 Representations and Warranties. The representations and warranties of <br />Seller contained in this Agreement must be true now and on the Closing Date as if made on <br />the Closing Date and Seller shall have delivered to Buyer at closing a certificate dated the <br />Closing Date, signed by an authorized representative of Seller, certifying that such <br />representations and warranties are true as of the Closing Date (the "Bring-down Certificate"). <br /> <br />4.2 Performance of Seller's Obligations. Seller shall have performed all of the <br />obligations required to be performed by Seller under this Agreement, as and when required <br />by this Agreement. <br /> <br />4.3 Title. Title shall have been found acceptable, or made acceptable, in <br />accordance with the requirements and terms of Section 10 below. <br /> <br />4.4 Phase I, Phase II and Additional Phase II Docs. Buyer shall have reviewed <br />and approved, prior to the Contingency Date in the Buyer's sole discretion, a current Phase I, <br />Phase II, and additional Phase II Environmental Reports or other