06-14-2021 Council Packet - Laserfiche WebLink

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2 Money to be deposited with __________________Attn:___________________, Address: _____________________, Email: ______________________________ (the “Title Company”), and the balance paid in cash at Closing. If the purchase and sale hereunder is consummated in accordance with the terms and provisions hereof, the Earnest Money shall be applied to the cash portion of the Purchase Price at the Closing. In all other events, the Earnest Money shall be disposed of by the Title Company as herein provided. 3. Closing. The closing of the purchase and sale of the Property contemplated by this Agreement shall occur on a “Closing Date” which shall occur within sixty (60) days of the end of the Contingency Period, including any extensions, set forth herein. The closing shall be conducted via the Title Company. 4. Items to be Delivered at the Closing (a) By Seller: Seller agrees to deliver exclusive and vacant possession of the Property to Buyer on the Closing Date. Seller shall deliver to Buyer, at Seller’s sole cost and expense (except as specifically noted otherwise in this Agreement), each of the following items: (i) An Owner’s Policy of Title Insurance (the “Title Policy”) issued by the Title Company in Buyer’s favor in the full amount of the Purchase Price insuring good and indefeasible fee simple title to the Property, subject only to the Permitted, and with the Survey exception deleted, at Buyer’s expense, except for shortages in area; (ii) A General Warranty Deed (“Deed”), duly executed and acknowledged by Seller, containing standard vendor’s lien language for Buyer’s lender, if any, and conveying good and indefeasible fee simple title to the Property to Buyer, including mineral rights, subject only to the Permitted Exceptions; (iii) An Affidavit as to Debts, Liens, and Parties in Possession in form and substance satisfactory to Buyer and Title Company, duly executed and acknowledged by Seller, which indicates that there are no debts, liens or parties in possession as of Closing; (iv) Evidence reasonably satisfactory to the Title Company and Buyer of Seller’s authority to consummate this transaction; (v) A Non-Foreign Person Affidavit, duly executed and acknowledged by Seller, confirming that Seller is not a foreign person within the meaning of 26 U.S.C. § 1445 and the Regulations issued thereunder;