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2020 062 RESOLUTION
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2020 062 RESOLUTION
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Last modified
3/2/2023 12:40:35 PM
Creation date
3/2/2023 10:50:09 AM
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Legislation-Meeting Minutes
Document Type
Resolution
Number
2020 062
Date
12/21/2020
Year
2020
Title
6488 WHITE ROAD
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6. OCCUPANCY STATUS: In the event the Property is occupied by tenant(s), Seller makes no representations <br />regarding (i) compliance of the Property with any rent control or registration laws, (ii) the existence of any <br />written leases, (iii) the remaining term of any tenancy, (iv) the amount of monthly rent, and (v) whether the <br />tenant(s) are current in payment of rent. In addition, Seller does not hold any security deposits for any tenant(s) <br />and shall not transfer any security deposits to Purchaser, and after closing Purchaser shall be solely <br />responsible for the return of any security deposits (and interest thereon, if applicable) upon the demand of any <br />tenant(s). Seller does not warrant that the Property will be vacant by the date of closing and shall not be <br />responsible for any eviction expenses incurred by Purchaser before or after closing. Seller does not warrant <br />that the current tenant, if any, will continue to occupy the Property after closing or enter into a new lease <br />agreement with Purchaser. Purchaser agrees to be solely responsible for all matters relating to occupancy of <br />the Property after closing. <br />7. DELIVERY OF POSSESSION: Seller shall deliver possession of Property to Purchaser at closing and funding <br />of sale, or upon successful completion of closing and settlement in accordance with local practice and custom. <br />Purchaser may not occupy the Property prior to closing and funding. In the event Purchaser alters the Property <br />or occupies the Property or permits it to be occupied by any other person prior to closing, then Purchaser shall <br />be in default of the Contract of Sale and Seller may terminate the Contract of Sale and Purchaser shall be liable <br />to Seller for damages caused by such alteration or occupation of the Property prior to closing. Purchaser's <br />deposit and rights to any improvements to the Property shall be forfeited to Seller and Purchaser hereby waives <br />any and all claims for damages or compensation for improvements made by Purchaser to the Property <br />including but not limited to any claims based on unjust enrichment. The remedies available to Seller described <br />in this paragraph shall not be limited by the remedies described in paragraph 19 of this Addendum. <br />8. CONDITION OF PROPERTY: <br />a. PURCHASER UNDERSTANDS THAT SELLER OBTAINED THE PROPERTY BY FORECLOSURE DEED <br />IN LIEU OF FORECLOSURE FORFEITURE OR SIMILAR PROCESS AND CONSEQUENTLY SELLER <br />HAS LITTLE OR NO DIRECT KNOWLEDGE REGARDING THE CONDITION OF THE PROPERTY. <br />Purchaser accepts the Property in "AS IS" condition at the date of the Contract of Sale, including, without <br />limitation, any defects or environmental conditions affecting the Property, known or unknown. To the extent <br />Seller makes any repairs or upgrades to the condition of the Property, Purchaser accepts such items in "AS <br />IS" condition at the date of closing. <br />b. PURCHASER ACKNOWLEDGES THAT NEITHER SELLER NOR ITS AGENTS HAVE MADE ANY <br />WARRANTIES IMPLIED OR EXPRESSED RELATING TO THE CONDITION OF THE PROPERTY. Seller <br />and its agents shall not be responsible for the repair, replacement or modification of any deficiencies, <br />malfunctions or mechanical defects in the material, workmanship and mechanical components of the <br />appurtenant structures and improvements prior or subsequent to closing. Seller makes no representation or <br />warranty as to whether the Property is connected to or served by a public sewer, a water supply or legal <br />ingress/egress access. In the event that the Contract of Sale contains a statement or representation to the <br />effect that the Property is connected to or served by a public sewer, water supply or ingress/egress access, <br />notwithstanding such statement or representation the Purchaser acknowledges and agrees that such <br />statement or representation is specifically waived, disclaimed, and rendered null and void. Items of personal <br />property are not included in this sale. Seller makes no representation or warranty as to the condition of <br />personal property, title to personal property or whether any personal property is encumbered by liens. <br />Purchaser agrees that Seller shall have no liability for any claim or losses Purchaser or Purchaser's <br />successors and/or assigns may incur as a result of any condition or other defect which may now or hereafter <br />exist with respect to the Property. <br />Sellers Initials <br />-11E 'III aE Buyer's Initials <br />HomeSteps Addendum #1 to Contract of Sale <br />Version May 2018 <br />Page 3 of 10 <br />
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