19-40 Scrap Metal Licenses Approval: 1st Choice Towing

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5: INSPECTION. No inspections shall be performed: Buyer is purchasing the Real Estate "AS IS/W HERE'S ". Seller makes no representation or warranties as to the condition of the Real Estate, its environmental condition, nor its fitness for Buyer's particular purpose. 6: CONDITIONS PRECEDENT. In addition to all other requirements of this Agreement, Buyer's obligation to purchase the Real Estate and to close on this transaction is conditioned upon the following: A. Seller is able to obtain a scrap license for the real estate. B. Buyer is provided 60 clays after Closing to remove all remaining scrap and other personal property from the real estate. 7: MISCELLANEOUS PROVISIONS. It is understood and agreed that any of Seller's property remaining on or in the Real Estate after the expiration of the 60 days set forth in Paragraph 6. B. above may be retained and used by or disposed of by the Buyer without liability to Seller. 8: REAL ESTATE BROKERS. Seller and Buyer represent to one another that no real estate brokers are involved in this transaction and each party indemnifies the other against the claims of any brokers and sales people who allege that they represented a party or are entitled to a commission or lee as a result of the transaction. 9: RISK OF LOSS. Seller guarantees that the condition of the property, both real and personal, will be in substantially that same condition as the date of acceptance of this Agreement. Furthermore, Seller agrees that, at Closing, the Real Estate and the improvements thereon shall be in the same condition as they now are, ordinary wear and tear excepted. The risk of loss or damage to the improvements, or to a substantial portion thereof, by lire or otherwise, is assumed by Seller until Closing. If all or a substantial portion of the improvements are destroyed or damaged prior to Closing, this Agreement may be rescinded by Buyer and any earnest money deposit, or other payments made, shall be returned to Buyer, or Buyer may close as herein provided, as Buyer shall elect. 10: CONDEMNATION. If condemnation proceedings are commenced against any portion of the Real Estate prior to the Closing Date, at Buyer's option Buyer may terminate this Agreement by written notice to Seller within Three (3) days after Buyer is advised of the commencement of such condemnation proceedings, or Buyer shall have the right to appear and defend in such condemnation proceedings, and any award in condemnation shall, at the Buyer's election, become the property of Seller and reduce the Purchase Price by the same amount or shall become the property of Buyer and the Purchase Price shall not be reduced. 11 : GENERAL AGREEMENTS. The earnest money deposit shall be returned in full to Buyer promptly in the event Seller does not promptly accept this Agreement.