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5A3 Purchase Agreement for 2018-2020 S. Main St. (KCG Companies) - Signed
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5A3 Purchase Agreement for 2018-2020 S. Main St. (KCG Companies) - Signed
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6/12/2025 1:16:41 PM
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Dept of Community Investment
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c.Any required real estate sale disclosure; <br />d.Such other documents as may be necessary or proper to comply <br />with this Agreement or required (by the Title Company or otherwise) to carry <br />out its terms. <br />2.Buyer shall deliver all of the following to Seller, all of which shall be <br />fully-executed by Buyer, as appropriate: <br />a.The balance of the Purchase Price, plus or minus prorations, <br />credits and other adjustments, by wire transfer or otherwise in immediately <br />available funds; <br />b.Any required real estate sale disclosure; <br />c.Such other documents as may be necessary or proper to comply <br />with this Agreement or required to carry out its terms. <br />3.Seller shall cause the Title Company to issue to Buyer at Closing a current <br />ALTA Form owner's policy of title insurance, with extended coverage, pursuant to <br />the Title Commitment and containing all amendments and endorsements required <br />by this Agreement or otherwise reasonably required by Buyer, which policy and <br />endorsements shall be at Buyer's sole cost, and which shall only be subject to the <br />Permitted Exceptions. <br />4.Exclusive occupancy of the Property shall be delivered to Buyer at <br />Closing, except for the continuation of any installations, equipment, or access by <br />personnel upon the Property that Seller or Seller’s representatives or contractors <br />may require in connection with carrying out Seller’s Work in accordance with the <br />terms of this Agreement. <br />8.PRORATIONS; REAL ESTATE TAXES AND ASSESSMENTS; CLOSING <br />COSTS. <br />A.Buyer, and Buyer’s successors and assigns, shall be liable for any and all <br />real property taxes and assessments assessed and levied against the Property with respect <br />to the year in which the Closing takes place and for all subsequent years. Seller shall have <br />no liability for any real property taxes or assessments associated with the Property, and <br />nothing in this Agreement shall be construed to require the proration or other <br />apportionment of real property taxes or assessments resulting in Seller’s liability therefor. <br />B.At Closing, Seller shall pay the costs of releasing all liens, judgments, and <br />other encumbrances that are to be released and of recording such releases. At Closing, <br />Buyer shall pay (i) all fees and costs due Title Company for its closing, document <br />preparation, and/or escrow services, (ii) the cost of the premium for the Title Policy and all <br />endorsements to the Title Policy (iii) the cost of the Survey, (iv) the cost of any lender’s <br />policy of title insurance or endorsements thereto, and (v) the cost of recordation of any <br />instrument associated with the transaction contemplated in this Agreement, except as <br />provided in the foregoing sentence. Except as otherwise provided for in this Agreement,
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