02/09/23 - Laserfiche WebLink

Home

(vi) '/2 the recording fees required for recording the ECR; (vii) % of the fee charged by Escrow Agent for conducting the Closing. (c) Buyer's Expenses. Buyer shall, at the Closing (unless previously paid), pay the following: (i) The cost of the Title Policy (ii) '/2 the recording fees required for recording the ECR; (iii) '/2 of the fee charged by Escrow Agent for conducting the Closing; and (iv) The recording fees required for recording the Lot Split Documents and Plat. (d) Brokers. Seller and Buyer each hereby warrants and represents to the other that it has not, with the exception of CBRE, Inc., representing Buyer ("Broker"), engaged or dealt with any broker or agent in regard to this Agreement. Seller hereby agrees to pay all commissions and/or fees due to Broker pursuant to a separate agreement. Seller and Buyer (except as to Broker) shall indemnify and hold harmless the other from and against any other claim by any party claiming through Seller or Buyer, respectively, for any real estate sales commission, finder's fee, consulting fee, or other compensation in connection with the sale contemplated hereby and arising out of any act or agreement of such party. The indemnity obligations set forth above in this section shall survive both the Closing of the sale contemplated hereby and any termination of this Agreement. ARTICLE X EMINENT DOMAIN 10.01 Taking By Eminent Domain. If, prior to the Closing, eminent domain proceedings shall be threatened or commenced against the Property, or any part or portion thereof, Buyer shall have the option (a) to elect to proceed with this transaction, in which event any compensation award paid or payable as a result of such eminent domain proceedings shall be the sole property of Buyer, or (b) to terminate this Agreement, in which event Seller shall retain such award. Seller agrees that it shall give to Buyer written notice of any such threatened or actual eminent domain proceedings within 10 days after Seller first becomes aware thereof (or in any event, prior to Closing), and upon the giving of such notice, Buyer shall then have 30 days within which to exercise the options granted in this Section 10.01. If Buyer fails to exercise such options within said 30-day period, this Agreement shall terminate, the Earnest Money (and the Additional Deposit, if applicable) shall be returned to Buyer and thereafter both parties shall be released from further liability or obligation hereunder. ARTICLE XI WARRANTIES AND REPRESENTATIONS OF SELLER 11 B: S: