AG 1997 12 15 - Laserfiche WebLink

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known as CHAMBER OF COMMERCE PROPERTIES on this date, upon the terms and conditions outlined herein. 2. Selling Partner hereby warrants to Buying Partner that its partnership interest hereby conveyed is free and clear of all liens, encumbrances, claims of creditors, tax liens and any other debt or claim. The Selling Partner hereby warrants good and marketable title to the Partnership interest transferred hereunder. 3. The terms of the transfer are: a. The sum of $32,500.00 to be paid from Buying Partner to Selling Partner; b. The sum of $1,500.00 to be paid by Buying Partner to First Carolina Properties as compensation for previous real estate brokerage services and expenses; c. As of August 1, 1994, proration of real estate taxes due on the real estate which is the primary asset of the Partnership for the calendar year 1994 to Cabarrus County and the City of Concord; d. As of August 1, 1994, proration of all interest and other accrued expenses due by the Partnership in connection with the real estate which is the primary asset of the Partnership; and e. As of August 1, 1994, the proration of any rental income due the Partnership in connection with the property which is the primary asset of the Partnership. 4. Continuing Partner and Buying Partner agree that the Partnership shall continue in existence and in full force and effect and shall continue to be governed by the Partnership Agreement dated August 30, 1991. Buying Partner hereby" ratifies and adopts such Partnership Agreement and both parties agree that it shall be bound by the responsibilities and have full benefit of the privileges stated in such agreement. 5. In consideration of the approval of the Continuing Partner to this transfer, the Selling Partner hereby releases the