2017 010 Ordinance - Laserfiche WebLink

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7. 1l~IARKETABLE TITLE. SELLER shall convey to BUYER marketable title at the close of escrow, free of all encumbrances, covenants, and restrictions except for such utility easements and rights of way of record. The title guaranty referenced in Section 10 of this Agreement shall be in a form reasonably acceptable to BUYER, and shall guarantee good and marketable title to the Property, without any exception for: (i) facts or matters that would be disclosed by a survey, (ii) unfiled mechanic's, laborers' or inaterialmen's liens, or (iii) any other of the general exceptions except any encumbrances specifically permitted and agreed to by Buyer in writing. Should BUYER desire to purchase title insurance in lieu of the title guarantee, BUYER shall be responsible for the additional cost therefore . 8. AS IS. BUYER hereby acknowledges that it has examined the property and accepts it in an "as is" condition, and there are no representations or warranties made by either party other than what is contained in this document. BUYER acknowledges receipt of the Real Property Disclosure Form as the only representation, or statements whatsoever concerning the property, including without limitation its 'use or condition, other than as written in this Purchase Agreement, or any attached addendum. Any representations herein shall survive the filing of the deed for record. No modification of this Purchase Agreement may be made unless in writing and signed by both parties. BUYER assumes full responsibility for any Certificate of Inspection at the time of sale ("Point of Sale Inspection") deficiencies. Although its intent is not to inhabit the house. 9. ESCROW PROCEDURE. All documents and funds and/or financial commitments for funds necessary to complete this transaction shall be placed in escrow with in sufficient time to permit transfer of title on the date set for Closing. This Purchase Agreement shall be considered by the escrow agent as escrow instructions, but shall be subject to the escrow agent's standard conditions of escrow acceptance where not inconsistent herewith, and which conditions of escrow shall be made a part hereof -3-