Laserfiche WebLink
4 (b) above, then Seller shall .have 30 days after <br />receipt of notice thereof.~o remove said defect(s) and <br />to provide Buyer with evidence thereof. If Seller is <br />unable to remove said defect(s) within such 30 day <br />period, then Buyer may either: (1) accept title to the <br />Property subject to said defect(s) without any reduction <br />in the total purchase price, or (2) terminate this <br />Agreement by written notice to Seller and thereupon have <br />returned all items and funds theretofore paid or <br />deposited hereunder, in.which event Seller shall pay all <br />nonrefundable escrow, title and financing costs <br />theretofore incurred and Seller and Buyer shallbe <br />relieved of further liability hereunder. <br /> <br /> 6. ESCROW PROCEDURE. All documents and funds <br />necessary to complete this transaction shall-be placed <br /> <br />in escrow with , at <br /> <br />a date mutually acceptable to Buyer and Seller, not more <br />than 120 days after approval by City Council and the <br />Mayor, except by written extension of the closing date <br />by Buyer and Seller. This Agreement shall be considered <br />as escrow instructions subject to the Escrow Agent's <br />standard conditions of acceptance which shall be made a <br />part hereof and incorporated herein by reference. In <br />the eVent of inconsistency between this agreement and <br />standard conditions of escrow this. agreement shall <br />prevail. <br /> <br /> <br />