Laserfiche WebLink
13. In the event the Purchaser wants to close on the property prior to the <br />expiration of the lease term, Purchaser shall be entitled to do so with credit given for <br />those months that earnest money was credited. <br />15. In order to exercise this Option to purchase, the Purchaser shall give <br />notice to the Seller of their intention to close on the property and a closing shall be <br />scheduled not more than 30 days from the date the notice or intent to purchase is <br />provided. A copy of this contract will be provided to a title company to coordinate title <br />insurance and closing. <br />16. A current commitment for title insurance policy in an amount equal to the <br />purchase price, at Seller's expense, shall be furnished the Purchaser on or before fifteen <br />(15) days prior to closing. Seller will deliver the title insurance policy to Purchaser after <br />closing and pay the premium thereon. Seller will deliver the Title/Deed of the property <br />after full payment is received from the Buyer. <br />17. Title shall be merchantable in the Seller. Subject to payment or tender as <br />above provided and compliance with the other terms and conditions hereunder by <br />Purchaser, Seller shall execute and deliver a good and sufficient warranty deed to <br />Purchaser on the date of closing, or, by mutual agreement, at an earlier date, conveying <br />said property free and clear of all liens for special improvements now installed, whether <br />assessed or not; free and clear of all liens and encumbrances except easements for <br />telephone, electricity, water and sanitary sewer, and subject to building and zoning <br />regulations, and restrictive covenant of record. Any encumbrance required to be paid <br />may be paid at the time of settlement from the proceeds of this transaction or from any <br />other source. <br />18. General taxes for the year of closing shall be apportioned to the date of <br />delivery of deed based upon the most recent levy and the most recent assessment. <br />19. Closing shall be within 30 days after notice of intent to purchase is <br />provided to the Seller from the Purchaser. <br />20. Possession of premises shall be delivered to Purchaser pursuant to the <br />lease agreement contained herein. <br />21. In the event the premises shall be damaged by fire or other casualty prior <br />to the time of closing, in an amount of not more than ten percent of the total purchase <br />price, the Seller shall be obligated to repair the same before the date herein provided for <br />delivery of deed. In the event such damage cannot be repaired within said time or if such <br />damage shall exceed such sum, this contract may be cancelled at the option of Purchaser. <br />Should the Purchaser elect to carry out this agreement despite such damage, such <br />Purchaser shall be entitled to all the credit for the insurance proceeds resulting from such <br />damage, not exceeding, however, the total purchase price. <br />