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Agenda - Economic Development Authority - 12/06/2018
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Agenda - Economic Development Authority - 12/06/2018
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3/17/2025 2:28:56 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
12/06/2018
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receive pursuant to, Section I4(c), tx.) r..serow Agent for disbursement to <br />Seller and others pursuant to this Agreement and the Settlement <br />Statement; and <br />Ir. File or cause Fscrow Agentto tile art Idectr(ntic Certilicate of Real riistate <br />Value., if regained and necessary", <br />e. Closing Costs_ <br />i. At Closing, the riolkAving Seller closing costs and expenses must be paid <br />timin the Purchaser Price or., if the Purchaw Price is not !sul fieient, paid by <br />Se 1 ler. <br />I „ Seller's portion n 1 the prorated property taxes. <br />2. Scher'ii.vn attorney's lee. <br />3. ( The-halt:the cost °luny closing fees. <br />4. The cost of real estate broker cornmission .fees as prescribed in <br />Section 14. <br />6., At Closing Buyer must tmy the Purchase Price to Seller and the following <br />costs and expenses: <br />. Buyer's pci,rtion Of prorated propert:y. taxes,, <br />2, l..3.iryer's own attorney's Ices.. <br />3. One-half the cost ol any closing .fees, <br />4, Documentary and recording fees ['Or the deedtst., <br />5.. The cost of the owner's; title insurance policy, elects to <br />purchase. an Owner's title insurance policy. <br />6. State deed tax., <br />J. Posses,sion. !Strict. waist deliver possession of the Property to Buyer at (.71osing., <br />14. 'REAL ESTATE 13RaKE Saw' and Buyer i.epresent and warrant to each other that <br />they have dealt with no brukers, real estate agents,. finders the ik.c in on Inell kin W I <br />this u%Insati, ion, other than CTRL, Inc. ("Seller's's Broker"). 'which represents the Seller, <br />Seller shall pay Broker as. required by their agreement ( .5')/i) of final gririss sale price). <br />Seller and Buyer .agree tx.) indemnify each other and to hold each other harmless against <br />all claims. (ritinages. costs or expenses of or for any broker's fees or COMET1i';SIOn <br />resulting rear their actions or agreements regarding the execution or performance of this <br />i.Ngreement. other Marl the fees payable tti Seller's Broker, and \YdI pay all costs c:tf <br />defending any"action or lawsuit brought"to recover any SUC11 reeS Or COI"In in i s.sions <br />ineurred hy the other party. including reasonable attorney's fees. <br />15„(kSSIGN.M.ENT, "Ihis A grecinent may not be assign.ed without the written CODSCIA. <br />the non -assigning Party, The Seiler recognizes the Buyer intends to assi,gn tkis <br />A groemcnt to an affiliated special 'purpose entity that will be registered officially vvith the <br />Page 8 of 11 <br />
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