2022-062 Ordinance - Laserfiche WebLink

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10. Closing. 'I he closing for the purchase and sale of the Property shall be completed not later than ( ) following the expiration of the Due Diligence Period or on such earlier date as both parties agree (the "Closing") The Seller shall, at the Closing, convey title to the Property to the Purchaser by quitclaim deed. The Purchaser shall be responsible for the costs of the title search and exam, title commitment, title insurance premiums, endorsements to the title policy, survey, legal description and lot split approvals. Seller shall be responsible for the costs of the Title Company's closing fee, transfer tax and Seller's closing protection insurance. Any other costs not specifically addressed in this Article or elsewhere in this Agreement shall be the Purchaser's responsibility. II- Deliveries at Closing. A. At Closing, the Seller shall deliver the following documents and instruments (I) the Seller's duly signed quitclaim deed conveying the Property to the Purchaser: and (2) such items and documents as may be necessary for the 'title Company to complete the Closing. B. At Closing, the Purchaser shall deliver the following documents and instruments: (1) the purchase price and all other costs listed in this Agreement to he paid by Purchaser; and (2) such items and documents as may be necessary for the Title Company to complete the Closing. 12. Purchaser Priority Right to Acquire Other Seller Properties. Seller is the owner of certain real property known as. A. hhf6ii PflinflF5 9468116 ate44xt24i n�,�—�.o�r.�,. �:rF 1(itlnHfl0d-hYth�^"'"A. of the Fiscal OffikAeF fthe r....t CU54abegas tg 'OhiO,fl4 Parcel Wks-; ]i4 01 n 14, Boa m 046 __ o_a„a 04 0 1 s B. Chestnut Intermediate School located at 30395 Lorain Road, North Olmsted, Ohio 44070, and identified in the records of the Fiscal Officer of County of Cuyahoga, Ohio, as Parcel Identification Nos. 234-15-004, 234-15-017, 234-15-088 and 234- 16-004. C, Maple Intermediate School located at 24101 Maple Ridge Road, North Olmsted, Ohio 44070, and identified in the records of the Fiscal Offieerof the County of Cuyahoga, Ohio, as Parcel Identification Nos. 23 1-2 1005. 231-21-022, 232-21-063 and 231- 23-030. D. Pine Intermediate School located at 4267 Dover Center Road, North Olmsted, Ohio 44070, and identified in the records of the Fiscal Officer of the County of Cuyahoga. Ohio, as Parcel Identification No. 232-23-132. Each property referred to in (A) through (8C) above being an "Additional Property". As additional consideration provided by the Seller to the Purchaser for the Properly, Seller agrees that for a period of _ years from the date of this Agreement it will not dispose of any