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09-22-1999 Council Agenda
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09-22-1999 Council Agenda
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All of the above exceptions may hereafter collectively be referred to as "Permitted <br />Encumbrances." <br />6. Salvage Rights. The Seller shall be permitted to remove all fixtures, machinery, <br />equipment, appliances and personal property that they desire. Seller is responsible for leaving <br />the building in a secured condition in a manner reasonably satisfactory to Purchaser. <br />7. Seller's Performance. Subject to performance by Purchaser, Seller shall execute and <br />deliver to Purchaser the following at closing: <br />a. A Warranty Deed, in recordable form, as aforesaid. <br />b. A Bill of Sale conveying and warranting all remaining personal property to <br />Purchaser free of any liens. <br />c. An Affidavit attesting that, on the date of closing, there are no unsatisfied <br />outstanding judgments, tax liens or bankruptcies against or involving the Seller; <br />that there has been no lienable skill, labor or material furnished to the property; <br />that there are no other unrecorded interests in the property of any kind of which <br />Seller is aware and any other standard form Seller's Affidavit which may <br />reasonably be required for Purchaser. <br />d. All keys required to afford Purchaser access to the property. <br />e. All other documents necessary or appropriate to complete the transaction <br />contemplated by this Agreement agreed upon by the parties and their respective <br />counsel. <br />f. Receipt of documents satisfactory to the Purchaser terminating any existing <br />management and service contracts effective as of the date of closing. <br />g. Certification by the Seller as to the location of any above - ground or underground <br />tanks located in or about the property and evidence of the fact that said tanks have <br />been removed or have been filled in accordance with the specifications of the <br />MPCA or such other governing regulatory body. <br />h. All unrecorded instruments, contracts or conveyances required to perfect or <br />evidence the marketability of Seller's title to the property in recordable form. <br />8. Purchaser's Performance. Subject to performance by Seller, Purchaser shall deliver <br />to Seller the following at closing: <br />a. Subject to closing prorations, all sums payable by Purchaser at closing under <br />Paragraph 3 of this Purchase Agreement in cash or by check. <br />Page 94 <br />
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