My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
10.5 Purchase Agreement
Laserfiche
>
City Council (Permanent)
>
Agenda Packets (Permanent)
>
2024
>
03-04-2024
>
10.5 Purchase Agreement
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/29/2024 8:24:43 AM
Creation date
3/29/2024 8:17:31 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
content of the commitment, said objections to be made in writing. The Seller shall <br />have thirty (30) days from the date of receipt of said written objections in which to <br />remedy said objections. <br />c. The Consequences of Failing to Cure Title Objections. If said objections are not <br />remedied within thirty (30) days from the date of Seller's receipt of said objections, <br />then Buyer shall have the following two alternatives: <br />i. Buyer may accept title to said Real Property subject to said objections; or <br />ii. Buyer may declare this entire transaction to be null and void. <br />If Buyer declares this transaction to be null and void pursuant to this Section, all <br />Earnest Money paid by Buyer to Seller shall be immediately refunded by Seller to <br />Buyer. <br />9. ENTIRE AGREEMENT; MODIFICATION. This written Agreement constitutes the <br />complete agreement between the Parties and supersedes any prior oral or written <br />agreements between the Parties regarding the Real Property. There are no verbal <br />agreements that change this Agreement and no waiver of any of its terms will be effective <br />unless in writing executed by the Parties. <br />10. BINDING EFFECT. This Agreement binds and benefits the Parties and their successors <br />and assigns. <br />11. CONTROLLING LAW. The Parties acknowledge and agree that each has been given <br />the opportunity to independently review this Agreement with legal counsel, and/or has the <br />requisite experience and sophistication to understand, interpret, and agree to the particular <br />language of this Agreement. The Parties have equal bargaining power, and intend the plain <br />meaning of the provisions of this Agreement. In the event of an ambiguity in or dispute <br />regarding the interpretation of this Agreement, the ambiguity or dispute shall not be <br />resolved by application of any rule that provides for interpretation against the drafter of the <br />Agreement. This Agreement has been made under the laws of the State of Minnesota, and <br />such laws will control its interpretation. <br />12. DATES AND TIME PERIODS. Should the date for the giving of any notice, the <br />performance of any act, or the beginning or end of any period provided for herein fall on a <br />Saturday, Sunday or legal holiday, such date shall be extended to the next succeeding <br />business day which is not a Saturday, Sunday or legal holiday. <br />13. NOTICES. Any notice required or permitted to be given by any party upon the other is <br />given in accordance with this Agreement if it is directed to Seller by delivering it personally <br />to an officer of Seller; or if it is directed to Buyer, by delivering to a partner of Buyer; or if <br />mailed by United States registered or certified mail; return receipt requested, postage <br />prepaid; or if deposited cost paid with a nationally recognized, reputable overnight courier, <br />properly addressed as follows: <br />Col <br />
The URL can be used to link to this page
Your browser does not support the video tag.