Res 2006-014 - Laserfiche WebLink

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I I I ARTICLE 8 Closing Section 8.1 Time and Place. The exchange of documents and funds (the "Closin2") hereinafter described shall take place at the offices of the Title Company. The Closing shall occur on May 15, 2006. Section 8.2 Seller Deliverv. At the Closing, Seller shall deliver or cause to be delivered to Purchaser, at Seller's sole cost and expense except as may be indicated below, each of the following items: (a) A general warranty deed if Seller acquired title to the Property by a general warranty deed, or otherwise, a special warranty deed (the "Deed"), duly executed and acknowledged by Seller, and in fonn for recording reasonably acceptable to Purchaser and Title Company, conveying good and indefeasible fee simple title in the Property to Purchaser, subject only to the Permitted Exceptions. (b) An affidavit in a form acceptable to Title Company from Seller stating, under the penalty of peljury that neither Seller nor any other party so swearing is a "foreign person" as defined in Section 1445 of the Internal Revenue Code, as amended (the "Code"), and Rules and Regulations promulgated by the Treasury Department incident thereto. (c) An updated Title Commitment for the issuance, at Seller's expense, of the Owner Policy in the form specified in Section 4.3 hereof. (d) A bill of sale for any personal property and non-real property on the Property desired by Purchaser and an assignment of all warranties, guaranties, contracts, pennits, and licenses benefiting the Property; provided, however, that these documents shall only be required if desired by Purchaser in its sole discretion. (e) Such evidence or documents as may be reasonably required by the Purchaser or the Title Company evidencing the status and capacity of Seller and the authority of the person or persons who are executing the various documents on behalf of the Seller in connection with the sale of the Property, and any other documents to be executed by Seller and necessary to close in accordance with this Agreement. (f) possession of the Property in accordance with Section 8.5. Section 8.3 Purchaser Deliverv. At the Closing, Purchaser shall deliver to Seller the following items: (a) The Purchase Price in the amount and manner specified in Section 2.1 and Section 2.2 hereof, including, without limitation, the application of the Independent Contract Consideration and the Earnest Money to the Purchase Price. -10-