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74-144 Ordinance
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74-144 Ordinance
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1/15/2014 3:00:08 PM
Creation date
1/13/2014 10:38:15 AM
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North Olmsted Legislation
Legislation Number
74-144
Legislation Date
11/15/1974
Year
1974
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3. The Seller shall deliver or cause to be delivered to the <br />Purchaser or nominee a good and sufficient Deed conveying a good <br />title to said premises, with dower rights, if any, released, free <br />and clear of all liens and encumbrances whatsoever, except those <br />.'.noted herein and except restrictions of record, reservations, ease- <br />','ments, conditions of record, zoning ordinances, if any, and taxes <br />and assessments, both general and special, if any, for the first <br />!half of 1974, but all taxes and assessments, both general and <br />ispecial, shall be prorated as of the date of transfer, upon the <br />'.'.basis of a calendar year using the amount shown on the last <br />!'available tax duplicate. <br />4. The Seller shall deliver or cause to be delivered to the <br />;?Purchaser at Seller's expense a title guarantee showing title good <br />".'in the Purchaser at the date of delivery as provided. The title <br />;guarantee shall be in the amount of the purchase price of the <br />;;real property. <br />5. Possession of the herein described premises shall be given <br />to the respective Purchasers at the time of transfer of title. <br />6. On acceptance of the offer contained herein, an escrow <br />~ ,..-~ <br />shall be promptly opened with ~e,~„ /,~~ ~~ J. ( ~ ,' <br />'which shall act as escrow agent. All necessary funds and instru- <br />'';~ments shall be deposited in escrow from time to time as required at <br />~, <br />i <br />:;the request of the escrow agent. The parties hereto shall execute; <br />i <br />'escrow instructions in consistence with the terms of this instrument. <br />i~The cost of escrow shall be divided equally between the parties. <br />7. When the offer contained herein is accepted by the parties, <br />it shall constitute a contract for the purchase and sale of said <br />;property as herein provided. This contract shall be performed <br />;within Sixty (60) days of the date of final acceptance. <br />8. This contract shall be made for the benefit of each party <br />;,hereto, their heirs, personal representatives, successors or <br />~! jas signs . <br />I <br />~ All parties hereby acknowledge receipt of a full and complete <br />-6- <br />
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