|
()MOO 1)1)lla,rs ($10,01,,l0,00) earne,st money wi0iEscrow Agrit lit)r each ex,tensi1, Pia ch
<br />$1, 0,000 extension payment shall he non-renindable, but applicable to the Purchase Price.
<br />1 he C,l(„),sing, shall take place at the clifices of .he Escrow .Agent, (,)r at sonic other place as
<br />the.. parties may rootua I ly tgree prioi' to such date, At the option of either Party, dte
<br />executed closhig documents, Ptiirchuse Price and closing costs .may be deposited ',vitt; the
<br />Escrow Agent and disbursed by t hc Escrow .Agent pursuant to avoid the neces,sity
<br />C‘losing, al which tbe Parties are present..
<br />For Layout it 2
<br />This tranSaction ,shall close within ..30 days ,',11ter Buyer delivers a Notice to Proceed to
<br />Seller oi insuch earlier date as Seller and Buyer may estilblish by mutual, ‘vritten
<br />agreement; provided, however, 1,3itycr may extend the Closing, a toLt1 of two (2) times.
<br />CC' time for .a period of sixty ((0) days, by cicpositing allwiditional One llmosand 41nd
<br />00t O 00 Dollars (S1,000.00) with Escrow A g,ent tbr each extenskm. Each SI ,000
<br />extension payment shall be non-rellimla,bile and shall not du Credited .against the purchase
<br />price. The Closing shall take place at the offices cit'the scrow A,gent, or ;tit .some (niter
<br />place as the parties may mutually agree prior to such date. At the option of either Party,
<br />the executed closing documents, Purchase. Price and closing costs may he deposited with
<br />the Escrow Agent, and disbursed by the 1erow iNgent pursuartt io avoid the necessity Ti,)r
<br />il.„11osing, at NvInich the PartleS 0.re present.
<br />Obli4atioris at Closing. Al Closing, Seiler must deliver to Ilserow
<br />Agent, 0ir delivery to Buyer:
<br />A limited w.variant y decd. (Indy c 'cent ed i nd ael(noA4ediged on behairof
<br />the (7ity n,nd, \:krith the CIty's seal affixed, ciinveying title to the Property,
<br />subject to (A) tine lien ()I real estate LaXeS, niy. not yet clue ,apd payable
<br />and any installments of special, assesstrients ,certi fleJ lor payment
<br />therewith; (B) Building, Subdivision and Zoning Ordinances; ((7) .fvlatters
<br />that on Id be disclosed by an acctrrate survey of the Property; and (D)
<br />matters that. cortstitute Permiittd 112:xceptions pursuant to Sect kat (i;
<br />ii. A certified copy of a duly adopted C:ity Ordinance and RetiOluticAt
<br />authorizing Seller's. sale of the Property to fitlyer;, and
<br />di., Seller's ;affidavits. well disclosure cedificate (if required),„senlement
<br />slatemtmt approved by Seller and fi.uyer, and any other° documents
<br />required by the E',scrow A,gent,
<br />b, verls (Thliierations at Closing. At Closing, Buyer must:
<br />Wire Transfer (or deliver a certified check in) air artioun( equal 'to the
<br />irnumt (11'. the Purchase Price adjusted 11..)r to reflect Buyer's prior paytnent
<br />of thc Earri(St. Mcatey and to reflect amounts 11.3t,t),/eir plus" pay Or NNa
<br />l'oge 7 4'11
<br />
|