GENERAL38028 - Laserfiche WebLink

Home Browse Search

~ ~ ennF• ~llv~ r~cr i ~~ 7. Acreage and Survey. It i.s :cepresented by i.he Sellers that the real property described on lixhibi.t n com- prises a total of not less t.hat~ 36 acres of l.and• The Sellers, at Sellers' sole expense, shall cause the bound- aries of said property as described on Exhibit A to be surveyed by not later than Febru::r.y 6 1980, and in the event such survey discloses that the total acreage located within the boundaries of said property as described on Exhibit A is less than 36.0 acres, the purchase price for said property shall be equitably abated at the rate of $1,000.00 per acre on the difference between 36.0 acres and the number of acres determined by survey. In the event said survey discloses the total number of acres of said lands located within the boundaries of said property as described on Exhibit A to exceed 36.0 acres, there shall be a corre- sponding increase in the total purchase price; provided, however, that in no event shall Sellers be required to sell lass than 35.0 acres of land and in no event shal].13uyer.s be required to purchase more than 3?.0 acres of land. An;~ adjustments to total purchase price for said property sha).l. be made by an appropriate and corresponding increase or decrease in the amount of the promissory note described in Paragraph 2c, hereof. 8. Sellers' Representations and i4arranties. The Sellers represent and warrant as of the date hereof and a, of the date of the closing that the following are true and correct: a. That neither the execution of this agreement nor the consummation of the transactions provided f:or. herein constitutes, or will result in, any breach of any terms, conditions or provisions of, or constitute a default under, any mortgage, loan agreement, lien, lease, judgment, decree, order, instrument or other verbal or written agreement to which Sellers are a party or are subject or to which the property is sub- ject, except as provided for herein. -8-