1999 028 Ordinance - Laserfiche WebLink

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F3, g°^eral r°4l e5t3t8 t3n~5 ^ond SpBCipj aSS25STei w 'vvi liUl tt arc a lign blest nn1 ysrirlrio ~nYl M~y.~...F+.l°~ Cr, thA rj~htg G,f ten..^.tS i^. pC58°SSjCn Cn a ni0~ :h°tv-mviiu 1 ti~~iaiwy frajjc~win~ PXpjratjcin of that Sartain I o~cn dgtnd I~`IJ 11 1007 by and bcii'vc81i ~PljP.f~.aS lantij~rri, ?11r~ TAI'1~ jr,rlwP end ~~T~Q, vvrvvn, $•°i tenPnt~i, ir~~ii r~jNGV4 to the o~,t h~ijlCljn~ kn_wn aC FFf'1? 1Aljgn.^, ~nill~ ~~~~ 11,^,l°,SJ `G~ariier icrlili114~Gd Ii1 ?CC9rd~nrp with itg t@rmc• D. the rinhtc of tPnantc in r 'S~'rSICn^,n ~ rnvrith'tv'~vnu}i t2nail^yy ..~...~ f4114wing eXpiratl~ln Qf that rcrtajn I ooco detgd AA4rrH ~ 1 ~ oaa by and b2tdti~21 i Seller, _ag Jancijgrri and lacnn Kohrin~r and I~gnn vhen4o{1 ~g t2no^tj, iriti'7 . respect t4 thP__ l)i~t b~ljldjn~ knnwn ac FFiFA 111lilenn 1111i!!a Rn,M~l ~,~nleSS @Prli~r terminated in accordance v~ith itg tF-rrnc; ~_ restrictions, e?Semsnts, gon~fitinng and m?fterrg of rorr-r+rd ;yt;1C~1 d0 not materially and adversely impair the Ci went i s~ Qf the PrCrnnrty . ;each Of the foregoing. a "Permi#tAC~ j'xreptlnn" ?nc- celi?ctjvply ,the °I7ermjttor„1 Exceptions"). 5. Title Defects. If the Title CornmjtmPnt shall djar!nco any Defer other than the Permitted Exceptions and if Buyer tjmely notifies Seller of j3~ Byars or,~Pction thereto, Seiler, at its election, shall have a period not exsesdjng gjxty (Fn) gays from the date of such notice to cure or remove such Defer at Seller's exper±.se (except for ?ny existing mortgage lien which shall be satisfied on or before the lasing Date)_ !f Seller shat[ elect not to cure or remove any such Cefect: or shall be unable to do so, Seller shall forthwith give wri#ten notice to Buyer of Seller's election or inabiljty and Buyer steal! }lave the option, exercisable within twenty (20) days after re;.ejDt of such notice to (a) accept title to the Property subiect to said Defect without diminution in the Purchase Price, or (b) terminate this Agreement. If Buyer elects to terminate this Agreement pursuant to thjs Section, all funds and documents deposited or paid by Buyer to Seller shall be immedjate]y returned to Su_yer and the patties shall be released from any further Obijgations each to the other, except that the parties shall split equally the costs of all tme work and BGGrUed escrow charges. )f Buyer fails to make a written election within the twenty (20) day period provjded, Buyer steal[ be deemed to have elected option (a) above. _ 6. C1 in .The transaction Contemplated herein shall close in escrow upon a date selected by Seller which sT1al1 be (i) na later than the date upon which Seller is requited to vacate the Property pursuant to Section 6G.' herein, and (ii) no earlier than December 31, 1999. ;q. Seller's Deliveries. On or befiore the Closing Date, Seller shall deposit or cause to be deposited with the Escrow Agent: i. A good and sufficient General Warranty Deed (the "Deed"), in form atreptable tv Buyer, conveying to Buyerfee simple title to the Property, free and clear of ail Defects except the Permitted Exceptions; ii. "Non-Foreign Seiler Affrdavit" as required by Section 1445 4