2025-009 Ordinance - Laserfiche WebLink

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its Option, to terminate this Agreement by written notice to Pur'ohascr and to pursue immediate remedies against Purchaser pursuant to terms of this Agreement. 3. CONVEYANCE OF TITLE AND OTHER DOCUMENTS 3.1 Lot Salk. Seller and Purchaser shall. at Purchaser's cost and expense, create a Int split subdivision plat of the Muster Parcel, subdividing the Properly out of the Master Parcel (tile "Plat'), shall have such lot Plat approved by the applicable governmental authorities, and shall record the Plat to create the Property. 3.2 Property. Seller shall convey, or cause to be conveyed. Tec simple insurable till, to the Property to Purchaser by a goad and sufficient limited warranty decd (the "Decd"), reasonably acceptable to Pur'chascr and Scllcr, conveying title thereto to Purchaser, frec and clear of liens and encumbrances, except zoning and building ordinances, real estate and all ad valorem tuxes and assessments both general and special not currently due and payable, liens and encumbrances caused by Purchaser, those liens, claims and encumbrances and mutters of record not objected to by Purchaser within rhe Inspection Period (as hereinafter defined) or objected to but subsequently waived by Purchaser, and matters disclosed on the Survey (as hercinalter defined), all of the lbregoing collectively relented to herein as the "Permitted Encumbrances." 4. TITLE, INSURANCE. AND SURVE.V 4.1 Tille Insurance. Within thirty (30) days alter the dale hercol. Purchaser may cause the'I'i0c Company to examine title to the Property and prepare to written commitment (the "Title Commitment) for an owner's policy of title insurance in standard term 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 OI the Property (tile "Survey') to be prepared. .5. CLOSING AND ADJUSTMENTS 5.1 Escrow Agcnf Closing Datc. The closing of the transaction contemplated hereby (the "Closing') shall be clTwed through an escrow established with the Escrow Agent. All documents necessary for the completion of this transaction shall be deposited with the Escrow Agent on or belme _ _ _ _ or such later date as mutually agreeable to the parties (tile "Closing Date'). All funds necessary for the completion of the Closing shall be deposited with the Escrow Agent so as to permit the Closing to azure and funds to be disbursed from the escrow to Scllcr, on the Closing Date. This Agreement. together with the I'scrow Agent's usual conditions of acccplancc. shall serve as escrow instructions; provided, however, that in the event ul'any conflict between the provisions of this Agreement and the Escrow Agent's usual conditions of acccplancc. the provisions of this Agreement shall govern. 5.2 Closing Deliveries. (a) Seller shall deposit into escrow the l'ollowing documents and instruments on ur prior to the Closing Date, duly executed and acknowledged where appropriate: (1) the Decd: (2) evidence of compliance by Seller to the previsions of Section