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5A3 Purchase Agreement (1522-1526 Prairie Ave.) - Fully Executed
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5A3 Purchase Agreement (1522-1526 Prairie Ave.) - Fully Executed
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4/9/2026 1:24:41 PM
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Dept of Community Investment
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14. TAXES <br /> <br />Prior to Closing, Seller will pay all real property taxes accrued on or before the Closing Date, if any. <br />Buyer will have no liability for any amount of real property taxes accrued before the Closing Date on <br />the 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. <br /> <br />17. INDEMNITY <br /> <br />The Parties agree to indemnify, save harmless, and defend each other from and against any and all <br />liabilities, claims, penalties, forfeitures, suits, and the costs and expenses incident thereto (including <br />costs of defense and settlement), which either party may subsequently incur, become responsible <br />for, or pay out as a result of a breach by the other party of this Agreement. <br /> <br />18. INTERPRETATION; APPLICABLE LAW <br /> <br />As both Parties have participated fully and equally in the negotiation and preparation of this <br />Agreement, this Agreement shall not be more strictly construed, nor shall any ambiguities in this <br />Agreement be presumptively resolved, against either Party. Each Party acknowledges that it has <br />had the opportunity to consult with independent legal counsel regarding this Agreement. This <br />Agreement shall be interpreted and enforced according to the laws of the State of Indiana. <br /> <br />19. DISPUTE RESOLUTION; WAIVER OF JURY TRIAL <br /> <br />Any action to enforce the terms or conditions of this Agreement or otherwise concerning a dispute <br />under this Agreement will be commenced in the courts of St. Joseph County, Indiana, unless the <br />Parties mutually agree to an alternative method of dispute resolution. The Parties acknowledge <br />that disputes arising under this Agreement are likely to be complex and they desire to streamline <br />and minimize the cost of resolving such disputes. In any legal proceeding, each Party irrevocably
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