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Cream of the Crop 1
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Cream of the Crop 1.iso
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BUSINESS
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GUIDE61A.ARJ
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LHARC1.EXE
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2707.ARM
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1991-04-22
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/* Para. 2707: When the closing will be */
The closing will be held within @200 days of the acceptance
of of this offer to the SELLER, but in no event in less than @201
days from the notice. The SELLER shall convey to the owner by
warranty deed the property herein, and the title thereto
shall be merchantible. Within @202 days of acceptance, the SELLER
shall provide a binder for title insurance in the principal
amount of the purchase price. The title shall be free and clear
of any encumbrances other than those, if any, to be assumed by
the BUYER at closing. Should any defects in the title, the SELLER
shall have 60 days to clear the same. If the SELLER is unable
to do so, BUYER shall have the option of closing or rescinding
this contract. Should BUYER rescind the contract, then the SELLER
shall refund as liquidated damages, and not a penalty, the funds
paid for the option to BUYER.
The BUYER may at its expense obtain a current survey of the
property. Should the survey indicate encroachments, then the
SELLER shall remedy the same within 60 days. Should SELLER fail
to clear such encroachments, then the BUYER shall have the option
of closing or rescinding this contract. Should BUYER rescind the
contract, then the SELLER shall refund as liquidated damages, and
not a penalty, the funds paid for the option to BUYER.
The SELLER shall maintain the property and all improvements
in the same condition as that which exists on the date of
acceptance of this agreement, and shall deliver the same to the
BUYER in the same condition, ordinary wear and tear excepted.