Res 2018-152/approving a contract with the Texas Realty Retail Partners, Inc. for the City to purchase approximately 27.094 acres of land located on the South Side of Farris Street near its intersection with Wilson Street for a price of $475,000.00 for s

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UCC records in the jurisdiction in which Seller is located, and the UCC records of the county in which the Property is located, showing as debtor Seller and all other owners of the Personal Property during the five years before the Effective Date of this contract. 4. Delivery of Title Commitment, Survey, UCC Search, and Legible Copies. Buyer must deliver the Title Commitment to Seller by the deadline stated in section A.2.;the UCC Search by the deadline stated in section A.4.; and legible copies of the instruments referenced in the Title Commitment, and UCC Search by the deadline stated in section A.5. Buyer, in its sole discretion, may retain a surveyor to update the Survey as defined in section F.2 (but is not obligated to obtain a Survey). If Buyer obtains an update to the Survey, it will do so within the Inspection Period and will provide a copy to Seller within seven days after receipt by Buyer. 5. Title Objections. Buyer has until the deadline stated in section A.6. ("Title Objection Deadline")to review the Survey, Title Commitment, UCC Search, and legible copies of the title instruments referenced in them and notify Seller of Buyer's objections to any of them ("Title Objections"). Buyer will be deemed to have approved all matters reflected by the Survey, Title Commitment, and UCC Search to which Buyer has made no Title Objection by the Title Objection Deadline. The matters that Buyer either approves or is deemed to have approved are "Permitted Exceptions."If Buyer notifies Seller of any Title Objections, Seller has five days from receipt of Buyer's notice to notify Buyer whether Seller agrees to cure the Title Objections before closing ("Cure Notice"). If Seller does not timely give its Cure Notice or timely gives its Cure Notice but does not agree to cure all the Title Objections before closing, Buyer may, within five days after the deadline for the giving of Seller's Cure Notice, notify Seller that either this contract is terminated or Buyer will proceed to close, subject to Seller's obligations to resolve the items listed in Schedule C of the Title Commitment, remove the liquidated liens, remove all exceptions that arise by, through, or under Seller after the Effective Date, and cure only the Title Objections that Seller has agreed to cure in the Cure Notice.At or before closing, Seller must resolve the items that are listed on Schedule C of the Title Commitment, remove all liquidated liens, remove all exceptions that arise by,through, or under Seller after the Effective Date of this contract, and cure the Title Objections that Seller has agreed to cure. G. Inspection Period 1. Review of Seller's Records. Seller will deliver to Buyer copies of Seller's Records specified in Exhibit C, or otherwise make those records available for Buyer's review, by the deadline stated in section A.7. 2. Entry onto the Property. Buyer may enter the Property before closing to inspect it, subject to the following: a. Buyer may not interfere in any material manner with existing operations or occupants of the Property; b. Buyer must notify Seller in advance of Buyer's plans to conduct tests so that Seller may be present during the tests;