Agenda Packets - 1994/10/11 - Laserfiche WebLink

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F.a OCT O1 193 09:25 HOLMES E GPAVEH such investigations and testing and shall hold Seller harmless from all damages and liabilities arising out of Buyer's activities . Upon request of Buyer, Srelnrting to the permit buyer to review all environmental reports and files, if any, ¢Haas Property and in Seller's possession. Seller is responsible for all costs and exp necessary to correct any contamination or environmental defects found on the Property. 6. Real Estate,_Taxes. On enalti0s and Interestre the t,gifDany - Seller estalteataxes delinquent real estate taxes, penalties between Buyer and Seller as of the payable in the year oP closing will be P able in 1994 are non - closing date. Seller warrants that real estate taxes pay homestead. all 7 Special Assessments. On or before the Clofor asinsg Dal ih real estate taxes installments of special assessmentsSe w. i pad on the Closing ent W1 Date all other special payable in the year of closing. agreement- Seller represents that it has not assessments levied as of the date of public ithis mprovement project from any assessing received a notice of a pending p eement at its option: (a) assume payment of the authority. If a special assessment becomes pending after the date of this gr and before the date of closing, Buyer may Pie declare the Purchw pending special assessment withoutadjustment Seller, and all Earnest IMoney paid under this Agreement null and void by this Agreement shall be returned to Buyer. 8. Closing, 8.1. The closing shall take place at City Hall in the City of Mounds aview on or greed to b the parties November1, 1993 writing or at such other Closing Date° )time and place as may be iver, to Seller the 8.2. On the Closing Date, Buyerpossession del of the Property, Purchase Price and Seller shall deliver to Buyer and shall execute and/or deliver to Buyer: a) A duly executed general warranty deed, conveying marketable title to the Property to Buyer, subject only to: (1) building and zoning laws, ordinances, state and federal regulations;Buyer's intended and drainage easements which do not interfere with Buy iuse of the nterfere with Buyer ssintended use of the olf course; )Property assa which ourse. b) A duly executed affidavit regarding partnership. c) A receipt evidencing payment of real estate taxes for which payment was due prior to the Closing Date. 8.3. Seller shall pay at closing: (a) state deed tax applicable to the yer; (b) conservation fee; (c) all recording transfer of the Property to Bu fees and chargus relating to the filing of any inatruments required to meY.e title marketable; (d) title insurance fees, other than insurance policy premiums; and (a) a letter stating that Victor Brenk, the Property. Jeff Brener da oa the Brenk shall each receive a lifetime pass for one round of olf pnooen are not golf course that is constructed on transferable to any other party and shall automatically terminate on death. 1 59J71 MUS-11