09-08-1999 Additions - Laserfiche WebLink

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19. Destruction. In the event the property is destroyed or substantially damaged, Seller shall assign to Purchaser Seller's right, title and interest in and to all insurance proceeds or award resulting from such destruction or taking. 20. Possession. Possession of the Property shall be granted by Seller to Purchaser at the date of closing. 21. Closing. The closing shall take place at the offices of C.I. Title, Inc. on or before October 15, 1999, unless otherwise agreed by Purchaser and Seller. At closing, Seller shall deliver to Purchaser, at Seller's expense, the documents specified in paragraph 6 of this Agreement. 22. Indemnification. Seller agrees to indemnify and hold Purchaser, its successors and assigns, harmless of and from any and all liabilities, claims, causes of action, penalties, demands and expenses of any kind or nature whatsoever (except those items which by this Agreement specifically become the obligation of Purchaser) arising out of, resulting from, relating to, or incident to the property up to and including the date of closing or which are in any way related to the ownership, maintenance or operation of the property, and all expenses related thereof, including, without limitation, court costs and attorneys' fees, except to the extent caused by an act or omission of Purchaser, its agents, employees or contractors. Purchaser agrees to indemnify and hold Seller, its successors and assigns, harmless of and from any and all liabilities, claims, causes of action, penalties, demands and expenses of any kind or nature whatsoever (except those items which by this Agreement specifically become the obligation of the Seller) arising out of activities of Purchaser, including its successors and assigns, on Property from the date of execution of this Agreement to the date of closing. 23. Well Disclosure. Check one of the following: Seller certifies that Seller does not know of any wells on the Property. X Wells on the Property are disclosed by Seller on the attached Well Disclosure form. 24. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon Seller and Purchaser and their respective heirs, executors, legal representatives, successors and assigns. It is further understood that this Agreement may be assigned by Purchaser to another party, and that Seller understands that Seller acquires no additional rights because of this assignment. 25. Time of the Essence. Time is of the essence of this Agreement and the closing of the transaction contemplated hereby. Page 8 of 11