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Agenda - Council - 01/24/2017
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Agenda - Council - 01/24/2017
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3/17/2025 3:03:00 PM
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3/7/2017 12:09:23 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
01/24/2017
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5. The cost of providing Title Commitment as prescribed in Section <br /> 6. <br /> 6. The cost of real estate broker commission fees as prescribed in <br /> Section 15. <br /> ii. At Closing Buyer must pay the Purchase Price to Seller and the following <br /> costs and expenses: <br /> 1. Buyer's portion of prorated property taxes. <br /> 2. Buyer's own attorney's fees. <br /> 3. One-half the cost of any closing fees. <br /> 4. Documentary and recording fees for the deed(s). <br /> 5. The cost of the owner's title insurance policy if Buyer elects to <br /> purchase an Owner's title insurance policy. <br /> e. Possession. Seller must deliver possession of the Property to Buyer at Closing. <br /> 13. REAL ESTATE BROKERS. Seller and Buyer represent and warrant to each other that <br /> they have dealt with no brokers other than Nathen Hansen of Colliers International, who <br /> represents Seller. Seller is solely responsible for paying its broker's commission. Seller <br /> and Buyer agree to indemnify each other and to hold each other harmless against all <br /> claims, damages, costs or expenses of or for any broker's fees or commissions resulting <br /> for their actions or agreements regarding the execution or performance of this <br /> Agreement, and will pay all costs of defending any action or lawsuit brought to recover <br /> any such fees or commissions incurred by the other party, including reasonable attorney's <br /> fees. <br /> 14. ASSIGNMENT. This Agreement may not be assigned without the written consent of <br /> the non-assigning Party. <br /> 15. THIRD PARTY BENEFICIARY. There are no third party beneficiaries of this <br /> Agreement, intended or otherwise. <br /> 16. JOINT VENTURE. Seller and Buyer, by entering into this Agreement and completing <br /> the transactions described herein, shall not be considered joint venturers or partners. <br /> 17. CAPTIONS. The paragraph headings or captions appearing in this Agreement are for <br /> convenience only, are not a part of this Agreement, and are not to be considered in <br /> interpreting this Agreement. <br /> 18. ENTIRE AGREEMENT/MODIFICATION. This written Agreement constitutes the <br /> complete agreement between the parties and supersedes any prior oral or written <br /> agreements between the parties regarding the Property. There are no verbal agreements <br /> that change this Agreement and no waiver or modification of any of its terms will be <br /> effective unless in writing executed by the parties. <br /> 7 <br />
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