2006.07.17 EDA Packet - Laserfiche WebLink

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07/05/2006 07 :50 FPX 6516381994 LAND TITLE NEW BRIGHTON 003/011 06/29/2006 THU 16:03 FAX 11003/011 Seller shall have delivered to Buyer on the Closing Date a certificate dated the Closing Date, signed by an authorized rcpresccitativC of Scllcr, certifying that such representations and warranties are true as of the Closing Datc. 3.4 `title. Title Shall havo been found acceptable, or been made acceptable, in accordant with the requirements and terms of Section 6 below_ 3.5 Access and Inspection_ Seller shall have allowed Buyer, and Buyer's agents, access to the Real Property without charge and at all reasonable times for the purpose of Buyer's investigation and testing the same. Buyer shall pay all costs and expenses of such investigation and testing, shall restore the Real Property, and shall hold Seller and the Real Property harmless from all costs and liabilities relating to Buyer's at;livitie s. Buyer shall have been satisfied with the rtsults of all such tests and investigations performed by it or on its behalf on or before the Closing Dfito (as hereinafter defined), This Agreement shall automatically terminate on the Closing Date (as hereinafter defined), unless Buyer has given Seller notice on or before the Closing Date (as hereinafter defined) that the contingencies descn'bed in this Section required to be satisfied by the Closing Date (as hereinafter defined) are either satisfied or waived by Buyer. If this Agreement terminates pumuaut to this Section, then the Earnest Moncy shall be re;turri xl promptly to Buyer, and Buyer ,Y011 execute and deliver to Seller a cancellation of purchase agreement, and Seller and Buyer shall have no further liability or obligations with respect to this Agreement or the Properly. if Buyer gives Seller notice on or before the Closing Date (as hereinafter defined) that the contingencies described in this Section required to be satisfiod by the Closing Date (as hereinafter defined) are either satisfied or waived by Buyer,then the parties will proceed to close the transection contemplated hereby and, except ere specifically stet forth hurein, the P.arncst Money will be non-refundable to Buyer but applicable to the Purchase Price. 4. Closing. The closing of the purchase and sale contemplated by this Agreement (the"Closing") shall occur on August 1, 2006 (the"Closing Date,'), but Buyer may close on any business day prior to the Closing Date by giving Seller at least five, days' notice of such earlier date for the Closing. The Closing shall take place zit the of m of Attorney's Title of Stillwater("Citle Company') in Stillwater, Minnesota. Scllcr agrees to deliver possession of the Property to Buyer on the Closing Date, except as provided in Section 13 of this Agreement. Any party hereto may close via an escrow arrangement with the Title Company. 4.1 Seller's Closing Documents, On the Closing Date, Seller shall execute and dclivcr to Buyer'the following(collectively, "Seller's Closing Documents"), all in form and content reasonably satisfactory to Buyer: 4.1.1 Deed. A Warranty Deed conveying the Real Proporty to Buytx, free and clear of all enc=brances, except the Permitted Encuinbmnees (as hereafter defined). A-1