My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
07-09-2014 Additions
>
City Council Packets
>
2010-2019
>
2014
>
07-09-2014 Additions
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/10/2014 11:22:07 AM
Creation date
7/10/2014 11:21:07 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
24
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Seller will indemnify Buyer against and will hold Buyer harmless from, any expenses or <br />damages, including reasonable attorneys' fees, that Buyer incurs because of the breach of <br />any of the above representations and warranties, whether such breach is discovered <br />before or after Closing. Each of the representations and warranties herein contained shall <br />survive the Closing. Buyer is purchasing the Property based upon its own investigation <br />and inquiry and, except for the representations and warranties of Seller stated herein, is <br />not relying on any representation of Seller or other person and agrees to accept and <br />purchase the Property "as is, where is", subject to the conditions stated in this Agreement. <br />8. Condemnation. lf, prior to the Closing Date, eminent domain proceedings are <br />commenced or Seller receives notice of the pendency of eminent domain proceedings <br />against all or any part of the Property, Seller shall immediately give notice to Buyer of <br />such fact and at Buyer's option (to be exercised by notice to Seller within thirty (30) days <br />after Seller's notice), this Agreement shall terminate, in which event neither party will <br />have further obligations under this Agreement and the Earnest Money shall be refunded <br />to Buyer. If Buyer shall fail to give such notice, this Agreement shall remain in effect, <br />there shall be no reduction in the Purchase Price, and the Seller shall assign to Buyer at <br />the Closing Date all of Seller's right, title and interest in and to any award made or to be <br />made in the condemnation proceedings. Prior to the Closing Date, Seller shall not <br />designate counsel, appear in, or otherwise act with respect to the condemnation <br />proceedings without Buyer's prior written consent. <br />9. Damage or Destruction. If, prior to the Date of Closing, the Property or any part thereof <br />shall be damaged or destroyed by fire or other casualty, this Agreement shall become null <br />and void at Buyer's option by written notice to Seller given within 30 days after Buyer <br />first receives notice of such damage, and, in such case, Buyer shall receive a refund of its <br />Earnest Money. If Buyer does not terminate this Agreement, despite said damage or <br />destruction, there shall be no reduction in or abatement of the Purchase Price and Seller <br />shall assign all insurance proceeds it received due to the damage or destruction to Buyer. <br />10. Broker's Commission. Seller and Buyer represent and warrant to each other that they <br />have dealt with no brokers, real estate agents, finders or the like in connection with this <br />transaction, other than Davis Real Estate Services Group, LLC ("Buyer's Broker"), which <br />represents Buyer and Cushman & Wakefield/NorthMarq ("Seller's Broker") which <br />represents Seller. Seller shall pay the brokerage fees or commissions due to Buyer's <br />Broker and Seller's Broker equal to 8% of the Gross Purchase Price as stated in Section 2 <br />above, contingent upon closing on the sale of this property. The commission due will be <br />split equally between Buyer's and Seller's Broker and will be paid at closing. Seller and <br />Buyer agree to indemnify each other and to hold each other harmless against all claims, <br />damages, costs or expenses of or for any brokers' fees or commissions resulting from <br />their actions or agreements regarding the execution or performance of this Agreement, <br />other than the fees payable to Buyer's Broker as above provided, and will pay all costs of <br />defending any action or lawsuit brought to recover any such fees or commissions <br />incurred by the other party, including reasonable attorneys' fees. <br />11. Assignment. Buyer may assign Buyer's rights under this Agreement to another entity <br />without Seller's prior written consent. <br />10 <br />Davis Real Estate/City of Little Canada <br />
The URL can be used to link to this page
Your browser does not support the video tag.