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50-91 Purchase Agreement 14825 Detroit Rd
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50-91 Purchase Agreement 14825 Detroit Rd
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Last modified
5/14/2013 3:06:30 PM
Creation date
9/5/2003 9:58:29 AM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
7/1/1991
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excluding <br />building); <br /> <br />any such property owned <br /> <br />b. Ail of Seller:s <br /> <br />by tenants of the <br /> <br />rights under such <br /> <br />other <br />pertaining <br />principally <br />tenants. <br /> <br />agreements, contracts and contract rights <br /> to the Real Property which consist <br /> of leases and termination agreements with <br /> <br /> c. Ail of the <br /> <br /> contemplated to <br />are collectively <br /> <br />properties <br /> <br />hereunder <br /> <br />Agreement as the "Property". <br /> <br /> 2. pURCHASE PRICE. <br />the Property shall be <br /> <br />foregoing assets and <br />be acquired by Buyer <br />referred to in this <br /> <br /> The purchase price for <br />Two Hundred and Twenty <br /> <br /> Four Thousand (224,000)'DOLLARS. <br /> <br /> 3. a) DEED. Seller shall furnish a general <br /> <br /> warranty deed conveying marketable title to the <br /> Property to Buyer, subject at the time of title <br /> transfer to: (1) taxes and assessments which are a <br /> <br />lien, but not yet due and payable, and (2) such other <br />.encumbrances, reservations and exceptions, if any, as <br />are permitted in the title guarantee described below. <br /> <br /> b) TITLE GUARANTEE. Seller shall <br /> provide a Title Guarantee at the time of title <br /> transfer issued by Chicago Title Insurance Company, in <br /> the amount of the purchase price guaranteeing <br /> marketable title in the Buyer free and clear of all <br /> <br /> title defects, encumbrances, reservations and <br /> <br /> <br />
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