AG 1997 09 15 - Laserfiche WebLink

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0S/li/19S? 10:03 ?04-?08-8058 HARTSELL,SPAINHDUR,S PAGE 03 each party by the other, and no additional monies or other consideration have been agreed to, nor shall any be paid, All deeds shall be delivered to David C. Williams as escrow agent, who shall record r, he deeds simultaneously. Fourth: Each party consents to and will employ Hartsell Hart.sell Spainhou,' & Shelley, PA, to examine and report upon the title to the land now owned by the other party, which report shall be made within seven (7) days after the date of this contract and at oncc communicated to the other party. If the attorney approves the title to both tracts o1' land so examined by him, deeds shall be exchange by September 15, 1997. if the atl.orncy declines to approve either title so examined by him, he shall in such rcport state his objections to such title, and the party now owning such property shall have ten (10) days al'ret such report to correct the defects reported to be in his title, and il' such defects corrected to the satisfaction of the attorney reporting such detects, deexis shall be exchanged within five (5) days after said attorney has approved the corrected title. If such defects not removed within the time above limited, the other party may thereupon cancel this contract by written notice of his desire so to do. Fifth: Ad valorem taxes for each parcel shall be prorated between the parl.ies ~he date of the exchange. Sixth: The parties of the first part shall pay all costs associated with thc cxchangc, including, but not limited to, recording fees, documentary stamps and attorney's tees, [iach party shall be responsible for obtaining title insurance on thc parcel it receives i, exchange, including the payment of insurance premiums. Seventh: Twin Willow Farm executes this Agreement to Exchange Real Property I'or the purpose of releasing any interest it may have in Tract A. 2