Laserfiche WebLink
JUN-10-2005 14:47 From:DIEMERT&ASSOC 4404426800 To:4617349 <br />utilitles transferred as of the date of possession end Seller shall ordar fInal mofier <br />readings as of said dafie. <br />4, TA XRS_,. Seiler shall pay all delinquent taxas, InGluding penaltles and <br />lnterest, and all other real estaCe taxes whlch are a lien on the closing date, <br />prorated ta that date and camputed, If underdetermined, an the basls of the last <br />P.3/8 <br />certified fiax rate and valuatian. Seller shall also pay aII assessments prv-rated ta <br />the date of closing whlch exist on xhe praperCy as of the date of clasing. Quyer <br />agrees to pay befor6 delinquency all taxes and assessments'that may thereafter <br />become due on sald premises. <br />5. WAZARaS. Buyer assumes all risk of damaga to or destruction of any <br />lmproverhents naw on sald land or hereafter to be placed therean from the data of <br />closing. However, if any puilding on the premises or any party thereof shall be <br />substantlelly damaged or destroyed by fire or pther cause prl4r to the daxe of <br />closing, Seller shall Immedlately notlfy Buyer tMerQOf and furnish to Buyor a written <br />sta#ement of the amount of insurance, if any, payabls an accaunt tMareaf. <br />Subsfiantial damage Is any damage castlng in excQss of Ten Thousand dollars <br />($101'400.00) ta repair. Within ten (10) days after recelpt of notice of any such substantial damage <br /> <br />or destruction and the writfen statement of insurance payable on account thereof, <br />Buyer may elect ta terminate this Agreement by written notice of termfnatlon to <br />Seller. Upon such termination, any part of the purchase price pald by Buyer or <br />depas(ted'in escrow shall pe refunded to Buyer and thereafter'nelfiher party shall <br />have any further obi(gation or liabilities hereundar. Iri the event Buyer fails ta make <br />06/10/2005 FRI 14:43 [JOB N0. 50501 [d] 003