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AG 2018 04 16
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AG 2018 04 16
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5/8/2019 3:32:42 PM
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5/1/2019 4:58:43 PM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
4/16/2018
Board
Board of Commissioners
Meeting Type
Regular
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the acts of itself, its agents or representatives in exercising its rights under this Section 6. and agrees to <br />indemnify and hold Seller harmless from any damages resulting therefrom. This indemnification <br />obligation of Buyer shall survive the Closing or earlier termination of this Agreement. Except as <br />provided above, Buyer shall have from the Contract Date through the end of the Examination Period to <br />perform the above inspections, examinations and testing. IF BUYER CHOOSES NOTTO PURCHASE THE <br />PROPERTY FOR ANY REASON OR NO REASON AND PROVIDES WRITTEN NOTICE TO SELLER PRIOR TO THE <br />EXPIRATION OF THE EXAMINATION PERIOD, THEN THIS AGREEMENT SHALL TERMINATE, AND BUYER <br />SHALL RECEIVE A RETURN OF THE EARNEST MONEY. TIME IS OF THE ESSENCE OF THIS CONDITION. <br />Section 7. Leases: There are no leases affecting the Property except as indicated here: <br />Seller agrees to execute and deliver (and work diligently to obtain any tenant signatures necessary for <br />same) any estoppel certificates and subordination, nondisturbance and attornment agreements in such <br />form as Buyer may reasonably request. <br />Section 8. Risk of Loss/Damage/Repair: Until Closing, the risk of loss or damage to the Property, <br />except as otherwise provided, shall be borne by Seller. Except as to maintaining the Property in its same <br />condition, Seller shall have no responsibility for the repair of the Property, including any improvements, <br />unless the parties hereto agree in writing. <br />Section 9. Closing. At or before Closing, Seller shall deliver to Buyer a special warranty deed and a bill <br />of sale for any personal property, if applicable. No other documents except a signed settlement <br />statement shall be required of Seller, since as a local North Carolina government entity, the County is <br />not a foreign entity and the Property cannot be subject to any lien claims. Buyer shall cause to be <br />delivered the funds necessary to pay to Seller the Purchase Price. The Closing shall be conducted by <br />Buyers attorney or handled in such other manner as the parties may mutually agree in writing. <br />Possession shall be delivered at Closing, unless otherwise agreed. <br />Section 10. Notices. Unless otherwise provided, all notices and other communications which may be or <br />are required to be given or made by any party to the other shall be in writing (which shall include <br />electronic mail) and shall be deemed to have been properly given and received (I) on the date delivered <br />in person or (ii) the date deposited in the United States mail, registered or certified, return receipt <br />requested, to the addresses set out in Section 1(g) as to Seller and in Section 1(h) as to Buyer, or at such <br />other addresses as specified by written notice delivered in accordance with this Agreement, (iii) upon <br />the senders receipt of evidence of complete and successful transmission of electronic mail or facsimile <br />to the electronic mail address or facsimile number, if any, provided in Section 1(g) as to Seller and in <br />Section 1(h) as to Buyer, or IN) on the date deposited with a recognized overnight delivery service <br />addressed to the addresses set out in Section 1(g) as to Seller and in Section 1(h) as to Buyer, or at such <br />other addresses as specified by written notice delivered in accordance with this Agreement. If a notice <br />is sent by more than one method, it will be deemed received upon the earlier of the dates of receipt <br />pursuant to this Section. <br />Section 11. Counterparts; Entire Agreement: This Agreement may be executed in one or more <br />counterparts, which taken together shall constitute one and the same original document. Copies of <br />original signature pages of this Agreement may be exchanged via facsimile or e-mail, and any such <br />copies shall constitute originals. This Agreement constitutes the sole and entire agreement among the <br />Page 4 of 6 <br />Buyer Initials_ Seller Initials <br />AlUchmenl number 1 \n <br />G-4 Page 104 <br />
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