Res 2004-077 - Laserfiche WebLink

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-3- (4) All other documents reasonably requiredby the Title Company or the Buyer to carry out the terms of this Contract B. At the closing, the Buyer will deliver to the Seller: (1) The Sales Price (less the Earnest Money) in the form of a check, and (2) Any document reasonably required by the Title Company or the Seller to carry out the terms of this Contract C. The costs for curing title matters, and all other costs and expenses identified in this Contract to be paid by the Seller will be the Seller's obligations. The Buyer will pay the title insurance premium, the escrow fee charged by the Title Company, and all other closing costs not identified in this Contract as the Seller's obligations. D. Rents, utility charges, ad valorem taxes and any other items of income or operational expenses owing in connection with the Property for the current year shall be prorated at the closing effective as of the Closing Date. 8. CASUALTY LOSS. If any part of the Property is damaged or destroyed by flooding, earthquake or other casualty loss prior to closing, the Buyer may terminate this Contract and have the Earnest Money promptly refunded, or the Buyer may accept the Property in its then existing condition. 9. DEFAULT. If the Buyer fails to comply with its obligation to purchase the Property, the Seller may either enforce specific performance of this Contract, to the exclusion of its other remedies, or the Seller may terminate this Contract and receive the Earnest Money as liquidated damages. If the Seller fails to comply with its obligation to sell the Property, the Buyer may terminate this Contract and receive the Earnest Money, thereby releasing the Seller 1Ì'Om this Contract, or the Buyer may enforce specific performance of this Contract, to the exclusion of its other remedies. 10. CONDEMNATION. Ifeminent domain proceedings are initiated by a third party as to all or any part of the Property before the Closing Date, the Seller will promptly give the Buyer written notice, and the Buyer will have the option of either applying the proceeds of any condemnation award to reduce the Sales Price, or the Buyer may terminate this Contract by delivering written notice to the Seller and the Earnest Money will be promptly refunded to the Buyer. 11. ATTORNEY'S FEES. Any party to this Contract who is the prevailing party in any legal proceeding to enforce the terms of this Contract will be entitled to recover court costs and reasonable attorney fees ftom the non-prevailing party.