PL PACKET 08152000 - Laserfiche WebLink

Home Browse Search

97 13. JUDGMENT LIENS: Any judgment against Seller which may appear of record • as a lien against the Property shall be settled and satisfied by Seller within 30 days after 9 P it becomes final and unappealable, and Seller shall indemnify Buyer, and Buyer's title insurer, for any loss sustained by either of them as a result of Seller's failure to have any such judgment.lien so settled and satisfied.. Buyer may object to the marketability of Seller's title on the basis of such matters. 14. SURVEY: Buyer shall, at its expense, have a survey of the Land prepared by a surveyor registered in the State in which the Land is located. If the Land is registered (i.e., Torrens) land, or if a certified survey is required by law, the survey shall be duly certified. The survey shall show the location of all known easements and improvements, including (but not limited to) all railroad tracks. The survey shall also show the location of all Seller's railroad tracks within 50 feet of the outer boundaries of the Land. If the purchase price requires a certification as to square footage, the same shall be certified by the surveyor. The survey shall be subject to Seller's approval, which approval shall not be unreasonably withheld. Buyer shall deliver the survey to Seller no later than 45 days-after Seller's acceptance of this offer. Seller shall have 10 days in which to disapprove the survey by giving notice to Buyer of the matters which render the survey unacceptable. If Seller fails to give such notice, the survey shall be deemed approved. If Seller gives such notice, Buyer shall make a good faith attempt to remedy such matters and shall, within 10 days of Seller's notice;deliver a revised survey to Seller. Seller shall have 10 days in which • to disapprove the revised survey by giving Buyer notice of the matters which render it unacceptable. If Seller fails to give such notice, the survey shall be deemed approved. If Seller gives such notice, this agreement shall thereupon terminate unless Seller, at its option, shall agree in writing to permit Buyer to make additional revisions to the survey. If this agreement is terminated pursuant to this paragraph, Seller shall refund the Deposit without interest; provided, however, that Seller may retain the Deposit, as liquidated damages, in the event such termination results from Buyer's bad faith failure to comply with the spirit and intent of this paragraph. 15. SUBDIVISION PLATS: Buyer will be responsible for preparing, at its expense, any survey or plat required by any governmental authority (including any survey or plat of Seller's property contiguous to the Land, where such survey or plat is required in connection with or as a consequence of, Buyer's purchase of the Land). The survey or plat shall not be filed or recorded until Seller has approved it. 16. RIGHT OF ENTRY: During the first 45 days after Seller's acceptance of this offer, Buyer(and its employees, agents, and contractors) may enter the Property and, to the extent necessary to effectuate the purposes of this paragraph, Seller's land in the vicinity of the Property (such land,and the Property being referred to, collectively, as the Site), for the purpose of conducting soil tests, environmental tests, and a survey, subject • FORM 900.1/97.STD.00180-01.otp OFFER TO PURCHASE RAMSEY COUNTY.MN -3-