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AG 2008 03 24
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AG 2008 03 24
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Last modified
2/1/2009 12:20:40 PM
Creation date
11/27/2017 11:28:06 AM
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Meeting Minutes
Doc Type
Minutes
Meeting Minutes - Date
3/24/2008
Board
Board of Commissioners
Meeting Type
Regular
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7. Seller shall procure and/or maintain in effect a policy or policies of fire and hazard insurance <br />adequately covering the Property and Seller's personal property, if any, located on the Property. Risk <br />of loss or damage to the Property by fire or other casualty remains with the Seller until Closing. <br />8. Buyer shall not disturb the Seller's tenants' business operations in the Property. <br />9. In the event of Buyer's material breach of this Agreement or the Contract, which is not cured within <br />three (3) days of written notice to Buyer, then Seller may immediately use self-help to remove Buyer <br />and all of Buyer's belongings from the Property without the necessity of resorting to summary <br />ejectment procedures. <br />10. The losing party in any legal proceeding brought by Buyer or Seller against the other party for breach <br />of any provision of this Agreement (including an action for summary ejectment) shall be liable for the <br />costs and expenses of the prevailing party, including reasonable attorneys' fees (at all tribunal levels). <br />11. Except as specifically modified herein, all of the terms and conditions of the Contract shall remain in <br />full force and effect. In the event of a conflict between this Agreement and the Contract, this <br />Agreement shall control. <br />IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year <br />first above written. <br />SELLER: <br />CABARRUSCOUNTY <br />By: <br />John Day, County Manager <br />Date: <br />APPROVED AS TO FORM: <br />Richard M. Koch, Esq., County Attorney <br />BUYER: <br />SALLOUM VENTURES, LLC, a North Carolina limited <br />liability company <br />By: <br />Sam Salloum, Manager <br />Date: <br />G-s <br />
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