Laserfiche WebLink
<br />5 <br />(1) At Closing, Buyer shall deliver the Purchase Price to Seller, <br />conditioned on Seller’s delivery of a special warranty deed, substantially in the form <br />attached hereto as Exhibit B, conveying the Property to the Buyer, free and clear of all <br />liens, encumbrances, judgments, title defects and exceptions, except those expressly <br />waived by Buyer, and the Title Company’s delivery of the Title Commitment to Buyer in <br />accordance with Section 5 above. <br />(2) The possession of the Property shall be delivered to the Buyer at <br />Closing, in substantially the same condition as it exists on the Effective Date, ordinary <br />wear and tear and casualty excepted. <br />C. Closing Costs. Buyer shall pay the Title Company’s closing fee and all <br />recordation costs associated with the transaction contemplated in this Agreement. <br />D. Personal Property. Any personal property remaining at the Property after <br />Closing will be deemed to be abandoned by the Seller, and Buyer, in its sole discretion, <br />may choose to exercise possession of and control over any such personal property. <br />E. Seller’s Due Diligence. Seller acknowledges that Seller has conducted its <br />own due diligence and acknowledges that the Purchase Price is fair and reasonable and <br />waives any right that Seller may have to an appraisal or to contest or challenge the <br />validity of compensation received under this Agreement. <br />8. ACCEPTANCE OF PROPERTY “AS-IS” <br /> <br />Except as otherwise set forth herein, Buyer agrees to purchase the Property “as-is, where- <br />is” and without any representations or warranties by Seller as to the condition of the <br />property or its fitness for any particular use or purpose. Seller offers no such <br />representation or warranty as to condition or fitness, and nothing in this Agreement shall <br />be construed to constitute such a representation or warranty as to condition or fitness. <br /> <br />9. TAXES <br /> <br />Seller shall be responsible for all taxes related to the Property accruing through the <br />Closing Date, if any, even if such taxes are not yet due and payable. Buyer, or Buyer’s <br />successors and assigns, shall be liable for all real property taxes accruing against the <br />Property after the Closing Date, if any. <br /> <br />10. COMMISSIONS <br /> <br />The Parties acknowledge that neither Buyer nor Seller are represented by any broker in <br />connection with the transaction contemplated in this Agreement. Buyer and Seller agree <br />to indemnify and hold one another harmless from any claim for commissions in <br />connection with the transaction contemplated in this Agreement. <br /> <br />11. INTERPRETATION; APPLICABLE LAW; JURISDICTION <br />