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APR 19 '96 14�16 KENNEDY & GRAVEN
<br />P.8
<br />(c) The mos� recen� tax bill for the Prop�rty from the
<br />local tax assessor;
<br />; jd) /� An Assignment o£ a11 assignable ex�sting
<br />warranties of the Prope�ty, the contracts and agreements
<br />described in Exhibi� B attach�d h�reto, gove�nmenta� licenses
<br />' and permi�s pertaining to the �ropezty, and �rade name of the
<br />� PrQpertX, duly executed;
<br />� {�) /� A� a�f�davi� �zom 5el�e= stat�ng: (i) �'.��`�
<br />�l'nited" States tax��yer identification numbes far fed"e"ia�'
<br />. income tax purposes; and ( ii ):�:#��;�?;�;-:��� no� a"€oreign pe.�san"
<br />within th� meaning of section""1'S"; `��e� seq. , oi the Intarnal
<br />Revenue CodE of 1986, as amendedh .
<br />16. Buyez ObliQations at Closing. �t Closing, BuyEr �ha11
<br />, pay the purchase price, ].ess option money which sha1� be d�Iive=ed
<br />to tMe SeT.1.er.
<br />I7. Can�.inued Ot�eration of the Froperty. During the pendenCy
<br />of this Agzeement a�nd as a condition of Closing, Seller shs].1 (3.)
<br />main�ain the Property in good repa:lr, (ii) not make, terminate or
<br />ma�er�.al�.y change, amend, modify materially the /� operating
<br />; agreements relating �o the Proper�y or other rights, obligat�.ons or
<br />agraements relating to use, ownership oz aperati.on of the Property
<br />�rhe�� such chang�s, amendmen.ts o� modifications would increa�� ����
<br />, �- ° _ �.��e�a��s ��.he.reuz�d���.._.�?���..,� ^„�; :.,, ..�
<br />��� a,�:.,� � �s ���,.� �. ����, � ��a�� � �.�?�_i � .itv c�r �° ��
<br />y,�..< <..
<br />,
<br />- coga��ai� �_� �-
<br />, discretion,
<br />�hanges to
<br />' maintenance
<br />sha�l no�. b
<br />.,: .,. .. ..
<br />�c�,s�� a,r =r �� �.�� 55 �'��i�,` Cla��.�� �ri:thou�. ...�cl�e p�x.c� � ea�� � •er�
<br />3���:� B�I�.�cki �ori:�En� Buyer may withhold is� �'�i� sole
<br />and ( ii.i ) not make any substantial a�.te�����xas ox
<br />the PropertX other than ozdinary and �ec��sary
<br />reQairs without Buyer prior wri�ten a��p��av�I ���i�.�h
<br />d,� �� t y �� r < o, ,�
<br />� ��x�agonably withheld o� �e1a�r�d e _ ' �a;���s�,�,�L, �.��>,>'��;�
<br />� Z8. Cas�xalty or Condemnation. I�, before Iegal title or the
<br />possession^of the Prope.�ty has been trans�erred to Buyer, any
<br />� portion of the Proper�y is damaged without �anit of thE Buyer, or
<br />is taken by eminent domain by any governmental entity, thEn Buyez
<br />sha11 havq the option to either (i) terminste this Ag�eement, and
<br />� all documen�Cs and monies delivered shall be returned to the party
<br />� whi,ch had delivered any such documents or monies, or {ii) proceed
<br />wi�h the purchase of the Propert�r, in which case, Seller shall.
<br />assign to Buyer any amonnts due Erom any governmental entity as a
<br />resu�L o� the taking, and the amount of any deducz3ble under
<br />Sel].er`s insuranCe policy sha11 be a credit to the P�rchase Price
<br />and reduce �h,e cash due at CI.oSing. Seller sha17. not be reqnirad
<br />to �reda,t the Purchase Price in �uch event by any amount in exeess
<br />of the deductible. The risk of lass dur�ng the pendency of this
<br />Agreement rests �s�r�th Seller, and Se].ler covenants to k�ep and
<br />rasrioz9a�
<br />D4UI�S-36 7
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