Agenda - Council - 09/09/1997 - Laserfiche WebLink

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09/08?97 12:0~ LAW OFFICES 2140 4TH ~UE + 612 42? 5545 N0.229 Q04- Dated: Septe~tber ~ , 1997 Page 3 of 6 Pages SELLER shall pay real estate taxes due and payable in the year In the event the closing date is changed, the real estate taxes paid shall, if prorated, be adjusted to the new closing date. SELLER warrants taxes due and payable in the year 1997 will be non-homestead classification. Neither SELLER nor Agent(s) make any representation concerning the amount of subsequent real estate taxes. 7. SPECIAL ASSESSMENTS: follows: Special assessments shall be paid as SELLER shall pay on date of closing all installments of special assessments certified for payment with the real estate taxes due and payable in the year of closing. SELLER shall pay on date of closing all other special assessments levied as of the date of closing. SELLER shall provide for payment of special assessments pending as of the date of closing for improvements that have been ordered by the City Council or other assessing authorities. SELLER shall pay on date of closing any deferred real estate taxes (i.e., Green Acres, etc.) or special assessments payment of which is required as a result of the closing of this sale. BUYER shall pay real estate taxes due and payable in the year following closing and thereafter and any unpaid special assessments payable therewith and thereafter, the payment of which is not otherwise provided. 8. ACCEPTANCE: BUYER understands and agrees that this Purchase Agreement is subject to acceptance by SELLER in writing. 9. INSPECTION: BUYER has the right to inspect the property prior to closing. 10. WARRANTIES: SELLER WARRANTS THAT PRIOR TO THE CLOSING DATE PAYMENT IN FULL WILL HAVE BEEN MADE FOR ALL LABOR, MATERIALS, MACHINERY, FIXTURES OR TOOLS FURNISHED WITHIN THE 120 DAYS IMMEDIATELY PRECEDING THE CLOSING DATE IN CONNECTION WITH CONSTRUCTION, ALTERATION OR REPAIR OF ANY STRUCTURE ON OR IMPROVEMENT TO THE PROPERTY. SELLER WARRANTS THAT SELLER HAS NOT RECEIVED ANY NOTICE FROM ANY GOVERNMENTAL AUTHORITY AS TO VIOLATION OF ANY LAW, ORDINANCE OR REGULATION. IF THE PROPERTY IS SUBJECT TO RESTRICTIVE COVENA/~TS, SELLER WARRANTS THAT SELLER HAS NOT RECEIVED ANY NOTICE FROM ANY PERSON OR AUTHORITY AS TO A BREACH OF THE COVENANTS. ANY NOTICES RECEIVED BY SELLER WILL BE PROVIDED TO BUYER IFiMEDIATELY. il. RICK OF LO~S: If there is any loss or damage to the property