O-2007-2969 New Life Christian Fellowship seller of b;uildings 908/912 W Main St

Browse Search

Timeline Summary Purchase Agreement Some major timeframes in Purchase Agreement (not all inclusive), Pg2 · "Not later than 3 days after the effective date, Buyer must deposit $10,000 as earnest money with American Title Company..." · "Within 30 days after the effective date, Seller will furnish Buyer a commitment for title insurance (the commitment) including legible copies of recorded documents evidencing title exceptions..." ~ · Survey "Within 45 days after the effective date:... Seller, at Seller's expense, will furnish Buyer a survey of the Property dated after the effective date. · UCC Search: "Within 30 days after the effective date, Seller, at Seller's expense, will furnish Buyer a Uniform Commercial Code (UCC) search prepared by a reporting service and dated after the effective date..." · Buyer's Obiections to the Commitment. Survey. and UCC Search: "Within 30 days after Buyer receives the commitment, copies of the documents evidencing title exceptions, any required survey, and any required UCC search, Buyer may object to matters disclosed in the items if:. . ." Pg4 · "Seller may, but is not obligate to, cure Buyer's timely objections within 20 days after Seller receives the objections.. .Buyer may terminate this contract by providing written notice to Seller within 5 days after the time by which Seller must cure the objections..." · Delivery of Property Information: "Within 30 days after the effective date, Seller will deliver to Buyer the following items to the extent that the items are in Seller's possession or are readily available to Seller..." ~ · Inspections. Studies. or Assessments: "Within 60 days after the effective date, Buyer, at Buyer's expense, may complete or cause to be completed inspection, studies, or assessments of the Property, including all improvements and fixtures..." · Feasibility Period and Right to Terminate: Buyer may terminate this contract for any reason within 75 days after the effective date by providing Seller with written notice of termination.. ." Pg6 · Return of Property Information: "If this contract terminates for any reason, Buyer will, not later than 10 days after the termination date: (i) return to Seller all those items described in ..." · Closing: "The closing of the sale will be on or before 90 days from Effective Date hereof or within 7 days after objections to title have been cured..." w · Estoppel Certificates: "Within 30 days after the effective date, Seller will deliver to Buyer estoppel certificates signed not earlier than Effective Date by each tenant that leases space in the Property."