10-13-2004 Council Agenda - Laserfiche WebLink

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(b) Funds from the Seller, in cash or some other form acceptable to the Buyer, sufficient to pay the state deed tax on the deed described in subsection 8(a) above; (c) An affidavit by the seller indicating that on the date of the closing there are no outstanding unsatisfied judgments, tax liens, or bankruptcies against or involving the Seller and the individual partners of the Seller, and that, if appropriate, there are no leases, maintenance agreements, or other agreements in force as to the property and that the Seller knows of no unrecorded interest in the property of any kind, together with whatever standard owner's affidavit may be required by the buyer; (d) Funds from the Buyer, in cash or some other form acceptable to the Seller, sufficient to pay the filing fee for the warranty deed described in subsection 8(a) above; (e) A warranty bill of sale c nveying to the Meyer -any- personal property which is inefutled in the subject property; (f) Funds from the buyer in case or in some other form acceptable to the Seller, to pay for the premium for the `L. ce in Section 5 above; (g) Funds to pay, or evidence of payment of all taxes and assessments to be paid by the Seller pursuant to Section 6 above; (h) Funds, in cash or some other form acceptable to the Seller, sufficient to satisfy the Buyer's obligations pursuant to Section 2 above, 9. Brokerage Fees. Each party hereto warrants that it has not incurred any real estate brokerage fees, finders' fees, loan brokerage fees, or any other fees to any third party in connection with this purchase and sale other than those listed below. In the event that any third party other than those listed below institutes legal action in an effort to recover such fees the parties shall jointly defend such action. If ajudgment is obtained against the parties jointly, the party responsible for the breach of this warranty shall reimburse the other for the latter's attorneys' fees, court costs, expenses, and share of the judgment. 10. Entire Agreement. This Agreement contains the entire understanding of the parties hereto with respect to the purchase of the subject property by the Buyer and supersedes all prior agreements and understandings between the parties with respect to such purchase. The terms of this Agreement shall merge into the Deed as of the date of closing. 11. Reasonable Consent. Whenever the Buyer's or the Seller's consent shall be required herein, such approval or consent shall not be arbitrarily or unreasonably conditioned, delayed, or withheld and shall be deemed to have been given unless within five (5) days of the request, the Buyer or the Seller, as appropriate, notifies the requesting party that the Buyer or the Seller, as appropriate, is denying such approval or consent, stating in the notice the reasonable grounds 4 7