6.C.(2) Resolution No. 2500 - Laserfiche WebLink

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Owner and an estimated amount of the duc and owing and accrued taxes shall be withheld from the sale proceeds. 2. The City shall be responsible for the retarding costs and any other similar closing costs. 3. The parties each represent that no real estate commissions arc duc and owing to any party with respect to this transaction. 4. fhe Owner represents that there are no hazardous substances on the Property and agrees to indemnify the City for all costs (including all collection costs and attorney's fees) to the extent any such substances exist on the Property as of the Closing Date and the City has to remediate, remove or is otherwise responsible for such remediation or removal of any such substance on or near Property. 5. "The Owner acknowledges that he has conducted his own due diligence and acknowledges that the Purchase Price is fair and reasonable and waives any right that he may have to an appraisal or to contest or challenge the validity of compensation received under this Agreement. 6. This Agreement embodies the entire agreement between the parties and cannot be varied except by the ~~~rittcn agreement of the parties. No representation, promise, or inducement not included in this Agreement shall be binding upon the parties hereto. 7. All the terms and conditions of this Agreement arc hereby made binding on the successors and permitted assigns of both parties hereto. 8. This Agreement shall be governed by and construed in accordance with the laws of the State of Indiana and venue for any action shall be St. Joseph County, Indiana. 9. "phis Agreement shall not be effective or binding until fully executed by the parties hereto. This Agreement may be executed in multiple counterparts each of which shall be considered an original and collectively shall form one agreement.