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<br />re-enter and take possession of the Property and to terminate and revest in Seller the estate <br />conveyed to Buyer at Closing and all of Buyer’s rights and interests in the Property without <br />offset or compensation for the value of any improvements made by Buyer. <br /> <br />The Parties agree that Seller’s conveyance of the Property to Buyer at Closing will be made on the <br />condition subsequent set forth in the foregoing sentence and the terms of this Section 11 will be <br />referenced in the deed. <br /> <br />12. SELLER'S POST-CLOSING OBLIGATIONS <br /> <br />On and after the Closing Date, the Seller commits to working with the Buyer to finalize plans, <br />designs, and specifications for Property Improvements to the satisfaction of the City departments, <br />consistent with City standards. <br /> <br />13. ACCEPTANCE OF PROPERTY AS-IS <br /> <br />Buyer agrees to purchase the Property “as -is, where-is” and without any representations or <br />warranties by Seller as to the condition of the Property or its fitness for any particular use or <br />purpose. Seller offers no such representation or warranty as to condition or fitness, and nothing in <br />this Agreement will be construed to constitute such a representation or warranty as to condition or <br />fitness. <br /> <br />14. TAXES <br /> <br />Prior to Closing, Seller will pay all real property taxes accrued on or before the Closing Date. Buyer <br />will have no liability for any amount of real property taxes accrued before the Closing Date on the <br />Property. <br /> <br />15. REMEDIES <br /> <br />Upon any default in or breach of this Agreement by either Party, the defaulting Party will proceed <br />immediately to cure or remedy such default within thirty (30) days after receipt of written notice <br />of such default or breach from the non-defaulting Party, or, if the nature of the default or breach is <br />such that it cannot be cured within thirty (30) days, the defaulting Party will diligently pursue and <br />prosecute to completion an appropriate cure within a reasonable time. In the event of a default or <br />breach that remains uncured for longer than the period stated in the foregoing sentence, the non- <br />defaulting Party may terminate this Agreement, commence legal proceedings, including an action <br />for specific performance, or pursue any other remedy available at law or in equity. All the Parties’ <br />respective rights and remedies concerning this Agreement and the Property are cumulative. <br /> <br />16. COMMISSIONS <br /> <br />The Parties mutually acknowledge and warrant to one another that neither Buyer nor Seller is <br />represented by any broker in connection with the transaction contemplated in this Agreement. <br />Buyer and Seller agree to indemnify and hold harmless one another from any claim for <br />commissions in connection with the transaction contemplated in this Agreement.