Laserfiche WebLink
DocuSign Envelope ID:368G77B5-B48E-48A2-ABF6-2F308743222B <br /> i <br /> { <br /> i <br /> damaged by casualty before closing. Buyer may terminate this contract if the casualty damage that <br /> occurs before closing would materially affect Buyer's intended use of the Property, by giving <br /> notice to Seller within fifteen days after receipt of Seller's notice of the casualty(or before closing <br /> if Seller's notice of the casualty is received less than fifteen days before closing). <br /> 3. Condemnation. Seller will notify Buyer promptly after Seller receives notice that <br /> any part of the Property has been or is threatened to be condemned or otherwise taken by a <br /> governinental or quasi-governmental authority.Unless caused by Buyer,Buyer may terminate this <br /> contract if the condemnation would materially affect Buyer's intended use of the Property by <br /> giving notice to Seller within fifteen days after receipt of Seller's notice to Buyer(or before closing <br /> if Seller's notice is received less than fifteen days before closing). <br /> 4. Claims,Hearings. Seller will notify Buyer promptly of any claim or administrative <br /> hearing that is threatened,filed, or initiated before closing that affects the Property. <br /> 5. Cooperation. Seller will cooperate with Buyer (a) before and after closing, to <br /> transfer the applications, leases, permits, and licenses held by Seller and used in the operation of <br /> the Property and to obtain any consents necessary for Buyer to operate the Property after closing <br /> and(b) before closing, with any reasonable evaluation, inspection, audit, or study of the Property <br /> prepared by, for, or at the request of Buyer and at Buyer's expense. <br /> 6. No Recording. Buyer may not file this contract or any memorandum or notice of <br /> this contract in the real property records of any county.If,however,Buyer records this contract or <br /> a memorandum or notice, Seller may terminate this contract and record a notice of termination. <br /> i <br /> J. Termination <br /> 1. Disposition of Earnest Money after Termination <br /> a To Buyer. If Buyer terminates this contract in accordance with any of <br /> Buyer's rights to terminate, Seller will, within five days after receipt of <br /> Buyer's termination notice, authorize Title Company to deliver the Earnest <br /> Money to Buyer, provided $1,000.00 (the"Inspection Period Fee")will be <br /> paid to Seller as consideration for the right granted by Seller to Buyer to <br /> terminate this contract under Section G.3. If, however, Buyer terminates <br /> this contract after the end of the Inspection Period for any reason other than <br /> as permitted under this contract, the Earnest Money shall be paid to Seller. <br /> b. To Seller. If Seller terminates this contract in accordance with any of <br /> Seller's rights to terminate, Buyer will, within five days after receipt of <br /> Seller's termination notice, authorize Title Company to pay and deliver the <br /> non-refundable$25,000.00 portion of the Earnest Money to Seller. <br /> 2. Duties after Termination. If this contract is terminated,Buyer will promptly return <br /> to Seller all documents relating to the Property that Seller has delivered to Buyer and all copies <br /> that Buyer has made of the documents.After return of the documents and copies,neither party will <br />