96-092 Ordinance - Laserfiche WebLink

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, ? TTEM FIVE: Additional Rights and Obligations of Seller and Purchaser. (a) Purchaser agrees that it shall renovate the building on said property substantially in accordance with the drawing attached hereto as Exhibit "A". (b) Seller agrees to vacate premises at time of closing. ITEM SIX: Expenses of Closing, The expenses of closing described in this Item shall be paid in the following manner: (a) The full cost of securing title insurance described in Item Four sha11 be paid by the Purchaser. (b) The cost of preparing, executing, and acknowledging any deeds or other instruments required to convey title to the Purchaser shall be paid by the Seller. (c) Any cost of transfer and recordation of title shall be paid by the Seller. (d) Any tax imposed on the conveyance of title to said property to the Purchaser shall be paid by the Seller. (e) Any escrow fee charged by the escrow agent sha11 be shared equally. ITEM SEVEN• Binding Agreement This Agreement shall be binding upon and inure to the benefit of the Seller and the Purchaser, and their respective heirs, executors, administrators and assigns. This Agreement contains all of the terms and conditions of this transaction upon which Seller and Purchaser have agreed. Purchaser represents and states that it has read this Agreement and fully understands its entire contents; that it has inspected the subject real property to its complete satisfaction and is entering into this Agreement having full knowledge of the complete physical condition of said property and that it is purchasing said property in an as-is condition; and that the Seller has made no written or oral representations to it about the physical condition of the property, other than as expressly stated in this Agreement. ITEM EI HT: Failure to Perform. Purchaser agrees that, should it fail to perform its obligations under this Agreement, Seller shall be entitled to pursue any remedy available to it at law or in equity.