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2017 009 Ordinance
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2017 009 Ordinance
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Last modified
11/19/2018 4:11:22 PM
Creation date
9/11/2018 5:27:27 AM
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Template:
Legislation-Meeting Minutes
Document Type
Ordinance
Number
009
Date
4/17/2017
Year
2017
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disclosed by a survey, (ii) unfiled mechanic's, laborers' or materialmen's liens, or (iii) any other <br />of the general exceptions except any encumbrances specifically permitted and agreed to by <br />Buyer in writing. Should BUYER desire to purchase title insurance in lieu of the title <br />guarantee, BUYER shall be responsible for the additional cost therefore. <br />8. AS IS. BUYER hereby acknowledges that it has examined the property and <br />accepts it in an "as is" condition, and there are no representations or warranties made by either <br />party other than what is contained in this document. BUYER acknowledges receipt of the Real <br />Property Disclosure Form as the only representation, or statements whatsoever concerning the <br />property, including without limitation its use or condition, other than as written in this Purchase <br />Agreement, or any attached addendum. Any representations herein shall survive the filing of <br />the deed for record. No modification of this Purchase Agreement may be made unless in <br />writing and signed by both parties. BUYER assumes full responsibility for any Certificate of <br />Inspection at the time of sale ("Point of Sale Inspection") deficiencies. Although its intent is not <br />to inhabit the house. <br />9: ESCROW ~ PROCEDURE. All documents and funds and/or financial <br />commitments for funds necessary to complete this transaction shall be placed in escrow with <br />in sufficient time to permit transfer of title on the date set <br />for Closing. This Purchase Agreement shall be considered by the escrow agent as escrow <br />instructions, but shall be subject to the escrow agent's standard conditions of escrow acceptance <br />where not inconsistent herewith, and which conditions of escrow shall be made a part hereof <br />and incorporated herein by reference. Furthermore, SELLERS and BUYER shall provide to the <br />escrow agent additional instructions on the distribution of proceeds at settlement. <br />10. TITLE GUARANTY. SELLER shall furnish to BUYER, at SELLERS' expense, <br />_ __ a title guaranty to be issued by Chicago Title. The Title Guaranty shall be in the amount of the <br />purchase price of the property, and is to be furnished as soon as possible prior to Closing for <br />-3- <br />
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