2023-096 Ordinance - Laserfiche WebLink

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• Default by Purchaser of this Agreement, which, if not remedied within two (2) business days from receipt of notice by Seller of the Default, shall entitle Seller, at its option, to terminate this Agreement by written notice to Purchaser and to pursue immediate remedies against Purchaser pursuant to terms of this Agreement. 3. CONVEYANCE OF TITLE AND OTHER DOCUMENTS 3.1 Property. Seller shall convey, or cause to be conveyed, fee simple insurable title to the Property to Purchaser by a good and sufficient limited warranty deed (the "Deed"), reasonably acceptable to Purchaser and Seller, conveying title thereto to Purchaser, free and clear of liens and encumbrances, except zoning and building ordinances, real estate and all ad valorem taxes and assessments both general and special not currently due and payable, liens and encumbrances caused by Purchaser, those Gens, claims and encumbrances and matters of record not objected to by Purchaser within the inspection Period (as hereinafter defined) or objected to but subsequently waived by Purchaser, and matters disclosed on the Survey (as hereinafter defined), all of the foregoing collectively referred to herein as the "Permitted Encumbrances." 4. TITLE INSURANCE AND SURVEY 4.1 Title Insurance. Within thirty (30) days after the date hereof, Purchaser may cause the Title Company to examine title to the Property and prepare a written commitment (the "Title Commitment") for an owner's policy of title insurance in standard form insuring title to • the Property to Purchaser in the amount of the Purchase Price (the "Title Policy"), 4.2 Survey. Prior to the Closing Date, Purchaser may cause, at its expense, a survey of the Property (the "Survey") to be prepared. 5. CLOSING AND ADJUSTMENTS 5.1 Escrow Ascent: Closing Date. The closing of the transaction contemplated hereby (the "Closing") shall be effected through an escrow established with the Title Company. All documents necessary for the completion of this transaction shall be deposited with the Escrow Agent on or before or such later date as mutually agreeable to the parties (the "Closing Date'). All funds necessary for completion of the Closing shall be deposited with the Escrow Agent so as to permit the Closing to occur, and funds to be disbursed from the escrow to Seller, on the Closing Date. This Agreement, together with the Escrow Agent's usual conditions of acceptance, shall serve as escrow instructions; provided, however, that in the event of any conflict between the provisions of this Agreement and the Escrow Agent's usual conditions of acceptance, the provisions of this Agreement shall govern. 5.2 Closing Deliveries. (a) Seller shall deposit into escrow the following documents and insimments on or prior to the Closing Date, duly executed and acknowledged where appropriate: (1) the Deed; (2) evidence of compliance by Seller to the provisions of Section 1445 of the Internal Revenue Code of 1986, as amended; (3) such documentation • as is reasonably and customarily required by the Title Company to issue the Title