AG 2004 05 17 - Laserfiche WebLink

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05/07/2004 11:48 7043323525 NORCON PAGE 04 Period shall tt~m/na/,c the later of (i) the date mentioned in paragraph six (§) or (ii) a date one business day following a final vote of the Purchastn"s petition to mr. one the Property. 9: CLOS ~I~:.,,G, ~DATE:: Closing shall occur sixty (60) days following the end of the losp~;tion Period. 10: SUR~E~': l~seiler has a survey of the Property, Seller shall deliver such sttrvey to Pm'chaser with~ Ten (I 0) busin ~e~s' days of the Effective Date, Purchaser shall be ~spomlblc for the co~d~ oF now and/or additional' s ~u~-y.~ys:'. 11; T]t~F~,_,, INSI~,]~. NCg COMMITMI~NT: Purchaser shall be responsible for obtaining a title insurance commitment, disclosing the title to the Prope~ to be good, marketable and insurable, subject op~ly to the exceptions which Purchaser is willing to accept (~e Permitted Exceptions). purchaser shah be responsible for paying costs associated with the title insurance commitment, title examination, re. cording of the deed and any final title insurance policy. 12: C!~, ., .SING (';O~]t'S, PRORATIONS AND COSTS: Seller ~hall pay for deed preparation, pror~',(n~d, ~st~,?'t~' ek ~d assessments for the current year. Each party shall pay its ow~ ntan'ney's fees. a) A gen.,al warranty deed conveying the Property flee and clear of liens and encumbrances, ~cept the Permitted b) AfSd~?ita r~Aulr~i by ~e title oompany. c) Cert~ficat~.sfNon-Forci~n Status a~d Residency Affidavit. d) Corp6rate Re-~olutinns, i~cumbency Certificate and organizational documents requi~d by the Title 14: ASSIGNMENT AGREEMENT Purchaser may assign its rights under the Agreement. 15: i~,'Io:NOI~TH CAROUNA PRESERVATION: A One and one-halfl~'~ent (! ½ %) f~ shall be paid to Pr, m~vation North Carolina by the Purchaser for services r~lnted to tim purchase of tim Prol~rty. 16: K,Y~RiOW/A~I~DtT: Lawyers Title, Charlotte, North C, aroiinn 17: PuRci~I~ AND SALE AGREEMENT: Tlmis letter sels forth our proposal ~o enter Ato an ~lgr~nie~,~.:~d~ ,~y'?ngr~mcnt shall be subject to preparation, negotiation, hud ,,xem~tlon of the same. Within the latter of thixty- (30) days of the acceptance and delivery of this Letter of Intent, Purchaser shnll have p~ilre~Vimd delivered to Seller a proposed Purchase Sale Agreement (the 'Agreement'). The parties shall use ~th~tr.b~effor~ to enter into an Agreement satisfactosy to Seller and Purchaser. 19: TERMINATION: This Letter Of Intent shall be considered terminnted if it h~ not been accepted by Seller within Ninety (90) days from the date of this letter. 20: NOTICES If to Purchaser:. Tayco Re~lty,-LLC AUn: TOmmy'Norman Phone: 79~3~2-9,338 ,",~!,t ;, ~,