AG 2004 08 16 - Laserfiche WebLink

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% per annum with mortgage loan discount points not to exceed 0 % of the loan amount; Buyer shall pay all costs associated with any such loan. $ 64,000. (iii) Cash at closing, in the amount of Sixty Four Thousand Dollars, balance of Purchase Price. (c) "C~osing" shall occur on or before August 30, 2004, or 15 days from end of Examination period, whichever is later. (d) "Broker(s)" shall mean: Cornerstone - An Integrated Real Estate Company, LLC ("Listing Agency"), Jerry Newton ("Listing Agent"). Acting as: XX Sellers Agent; [] Dual Agent and Allen Tate Realtors Agency"). Jody Rich Acting as: XX Buyer's Agent; ~ Sellers (Sub) Agent; ("Selling ("Selling Agent}. Dual Agent (e) "Examination Period" shall mean the period beginning the date hereof and extending through the later of August 15{ 2004 or 20 days from date of acceptance of this contract by County Manager. (f) "Intended Use" shall mean the Buyer intends to use the Property for the following purpose only: Uses compatible with existing zoning of C-2, in particular Automotive Repair and Retail Facility. Buyer agrees that certain conditions of sale are as follows: (1) Prior to Closing (or at a later date mutually agreed to by the Seller and Buyer in writing prior to Closing) Buyer must submit to Seller a complete site plan of all improvements to be made to the Property, for approval by Seller. Any changes in the Site Plan after Seller's approval must be pre-approved in writing by Seller. (2) Any buildings erected on the Property must, in the reasonable opinion of Seller, be compatible with existing buildings on surrounding property currently owned by the Seller, including without limitation, any Property buildings must be compatible in design with buildings on surrounding property currently owned by Seller and constructed of all brick with brick chosen to be compatible with buildings on surrounding property currently owned by the Seller. (2)Seller must be provided a sufficient permanent easement on the Property for signage designed by Seller (or its successor to be permanently located along US Hwy. 20 on the southeast corner of the Property) approximately in the same vicinity where the current "For Sale" sign stands; (3) the existing trees and other significant vegetation on the Property must be preserved in the Buyers proposed site plan, which may not be amended without the prior written consent of Seller. All current trees and other significant vegetation on the Property must be preserved as illustrated in the approved Site Plan and the Buyer hereby agrees to work with the Cabarrus County Extension Officer with regard to preservation of such trees and vegetation, including without limitation, arranging for suitable replacement in the event such trees or vegetation are damaged or die. Ail of these conditions of sale shall survive termination of this contract and the Closing and shall be binding upon any successor and assign of the Buyer. It is specifically understood by the Buyer that these are critical conditions to sale of the Property by Seller and breach of any of these conditions by Buyer will result in irreparable harm to the value of Seller's surrounding properties. Seller represents and warrants that, without investigation, to the best of Seller's knowledge, use of the Property for Buyer's stated Intended Use will not violate any restrictions currently upon the Property. If Buyer determines, prior to the end of the Examination Period, that use of the Property for Buyer's stated Intended Use will violate any restrictions or governmental regulations