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9080-19 18100 Detroit Purchase
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9080-19 18100 Detroit Purchase
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Last modified
10/16/2019 3:46:24 PM
Creation date
10/11/2019 11:57:25 AM
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Office Of Council
Document Type
Resolutions
Number
9080-19
Date Adopted
10/7/2019
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(b) All improvements, if any, included on the Premises shall be conveyed by bill of <br />sale which includes the following "AS IS" statement: "THE PREMISES ARE SOLD TO AND <br />ACCEPTED BY PURCHASER "AS IS" AND "WHERE IS" WITH ALL FAULTS, IF ANY, AND WITHOUT <br />ANY WARRANTY WHATSOEVER, EXPRESS OR IMPLIED." <br />4. EARNEST MONEY: Within ten (10) banking days following a fully executed <br />contract by both Seller and Purchaser, Purchaser shall tender to Title Company (hereinafter <br />defined) the sum of Ten Thousand and 00/100 Dollars ($10,000.00) for consideration of this <br />Contract, which amount shall be applied to the Purchase Price and shall be refunded if closing <br />does not occur due to either Seller or Buyer's inability to satisfy the conditions included herein. <br />5. CLOSING: Provided this Contract has not been terminated pursuant to the terms <br />of Article 6 below, the Closing (the "Closing ") of the sale of the Premises shall occur with thirty <br />(30) days after the expiration of the Contingency Period (hereinafter defined) or fifteen (15) <br />days following Purchasers waiving the Conditions Precedent in Article 6 below. The sale shall be <br />closed by Fidelity National Title Insurance Company, c/o Christina Yoder, Commercial Closer, <br />Business Development Manager, Fidelity National Title Insurance Company, Columbus — <br />National Commercial Services, 4111 Executive Parkway, Suite 304, Westerville, OH 43081, <br />Direct: 614.818.4830, Mobile: 614.579.3158, email: christina.yoder @fnf.com (herein "Title <br />Company "). <br />The exact timely Closing date shall be mutually agreed upon in writing between <br />Purchaser and Seller. <br />(a) At Closing the following shall occur: <br />(1) Purchaser shall deliver or cause to be delivered to Seller: <br />(i) Certified funds or a bank cashier's check made payable to Title Company in the <br />amount of the Price, due credit being given for the Earnest Money; and <br />(ii) Any documents Purchaser is required to execute by the terms of this Contract or <br />to consummate Closing including an Easement, Development and Maintenance Agreement to <br />be recorded; and <br />(iii) Evidence reasonably satisfactory to Seller and Title Company that the person <br />executing the closing documents on behalf of Purchaser has the full right, power, and authority <br />to do so. <br />(2) Seller shall deliver or cause to be delivered to Purchaser the following: <br />(i) A limited warranty deed conveying good and marketable title subject to those <br />
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