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09-08-1999 Council Agenda
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09-08-1999 Council Agenda
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D Apr <br />c. That all leases, service, supply, management or commission agreements and <br />any agreements with tenants or third parties regarding the Property, including <br />a written summary of any such oral agreements, has been or will be provided <br />to Purchaser within five (5) days after full execution of this Purchase <br />Agreement. If any such agreements exist, Seller warrants that it will take all <br />steps necessary to terminate any such agreement on or before the date of <br />closing. <br />d. That all permit and licensing fees due and payable prior to the date of closing <br />shall have been paid to said date <br />e. To the best of Seller's knowledge no suit, action, arbitration or other <br />proceeding or investigation is pending or, to Seller's knowledge, threatened <br />against or affecting the Property. <br />f. That all improvements upon the Property are located entirely within the <br />boundary lines of the Property. <br />g. <br />That all personal property of the Seller not included under the terms of this <br />Purchase Agreement may be removed from the Property bu Seller prior to <br />closing or subject to the terms of the Lease attached as Exhibit `B" if executed <br />at closing. <br />h. All debris shall be removed from the Property at Seller's expense prior to <br />closing. Out buildings are to remain on Property and are not considered <br />debris. <br />Seller's covenants shall survive the closing of the transaction and execution and delivery <br />of instnunents by the parties. Seller hereby covenants and agrees to indemnify Purchaser with <br />respect to all loss or damage suffered by Purchaser caused or arising due to breach of the <br />warranties of Seller contained in this Purchase Agreement. <br />14. Survey. Purchaser shall be allowed forthwith to obtain, at Purchaser's expense, <br />an accurate survey of the Property certified to Purchaser and any lender and /or title company <br />designated by Purchaser as of a current date prepared by a Registered Land Surveyor acceptable <br />to Purchaser showing access, the location of all easements, buildings, improvements and <br />encroachments, utilities and applicable setbacks, together with the legal description. Purchaser <br />shall have the right to make written objections to title based upon said survey within ten (10) <br />days after delivery thereof. Any objection to title based upon survey shall be treated in the same <br />manner as objections to title based upon the Abstract of Title or Registered Property Abstract to <br />be delivered pursuant to this Purchase Agreement. <br />Page 62 <br />
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