Agenda - Council - 12/10/2013 - Laserfiche WebLink

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KELLER WILLIAMS. 1I1Z81.rt IN'I'OiTii'r4' N7sir11itiCHT COMMERCIAL LISTING CONTRACT: EXCLUSIVE 88. Page 3 87. Property located at 88. 3. A Seiler andksr Lena,' agrees to sell and/or tease the Property before the expiration of this Contract, and Seller 89. refuses to close the sale and,'or Lessor refuses to commence the lease in accordance with the terms of the executed 90. lease agreement; 91. 4. A Seiler endl[ar Lessor removes the Property from the market before expiration of this Listing Contract; 92. 5 If Selleranct/or Lessor grants an option to purchaseand/or Ieasethe Properly, Seller and/or Lessor shall compensate 93. Broker, as provided herein, based on the price paid for the option and for any extensiensthereof.Thls compensation 94. shall be paid upon receipt by Seller and/or Lessor of any such payments. In the event such option is exercised. 95. whether during the term of this Contract, or within 6- months thereafter. Seller and/or Lessor shall also 96. compensate Broker on the gross sale and/or lease price of the Property in accordance with the provisions herein. 97. Notwithstanding the foregoing, to the extent that all or part of the price paid 98. is applied to the sale and/or lease price of the Property, then any comps 99. Lessor to Broker on account of sect) option payments shall be credited 100. on account cf the exercise of the option; 101 _ 6 During the term of this Listing Contraot or wltnin 1" 102. perches e or sale of buEirress in which case itcanPQtaxceedt 103, (a) the Property is acquired by a publie authority; 104. (b) an agreement to acquire the Property is reached wi 105_ (c) a public authority institutes eminent domainfcon 106. 7. Seller and/or Lessor contributes or conveys the 107. other business entity during the term of this C•ntr 108. of this Contract; 109. 8. Sealer and/or Lessor is a partnership or other 110, entity is transferred, whether by mer' -r, outrig 111. of the Property during the term cf 112. 113. 114, 115. 116. 117, 118, 9. If within 1-80 _ days (not toexcee if cannot exceed two (2) . tier the to sell and/car lease the P responding to an advertisem the Property by the oker o . erso compensation sub +: ■ raph nine day (not t (2) years) aft e option or any extension thereof or previously paid by Seller and/or st the pensation payable to Broker mores, ,except for Mc lion of this Listing Contract: acquire the Property; erein to a partnership, joint venture or a sale and/or lease of the Property during the terra and an interest in the partnership or other business d/or lease or otherwise in lieu of sale and/or lease s, except for the purchase or sale of a business in which case th Contract, Seiler and/or Lessor selis and/or leases or agrees has made an affirmative showing of interest in the Property by g the Broker or salesperson involved or has been physicaRy shown t is understood that Broker shall not seek to enforce collection of a (9) unless the narne of the prospect is on a wrltlen Prat given to Seller and/or Lessor hie 72 r * a expiration of this Listing Contract. 119. As security fur 1=3ri , pen • ice , Seller and/or Lessor hereby grants to Broker a security interest in the lease 120. payments from the lease of the party or proceeds from a sate and any title company or other closer who conducts 121. the closing on the sale a . of the Property is directed to disburse the Broker's compensation provided hereunder 122. to the Broker at the time o using. 123. COMPENSATION DISCLOSURE: Broker's compensation to cooperating brokers shall be as specified in the MCPE 12e, and/or fv1LS unless Broker notifies Seller and/or Lessor otherwise in writing. 125, FORFEITURE OF EARNEST MONEY; If a buyer of the Property defaults and as a result forfeits the earnest money, 126, Seller shall receive percent (%) and Broker shall receive percent (%) of the earnest money. 127, COOPERATING BROKERS: Seller and/or Lessor hereby permits Broker to share part of Broker's compensation 'Mth 128. other real estate brokers, including brokers only representing the buyer and/or tenant. 129. CLOSING SERVICES: 130. NOTICE: THE REAL ESTATE BROKER, LICENSEE REPRESENTING OR ASSISTING SELLER OR REAL L 131. ESTATE CLOSING AGENT HAS NOT EXPRESSED AND, UNDER APPLICABLE STATE LAW, MAY 132 NOT EXPRESS OPINIONS REGARDING THE LEGAL EFFECT OFTHE CLOSING DOCUMENTS OR 133. OFTHE CLOSING ITSELF. '�tNCLCE3f81131 /�7