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<br />Commercial Contract-"[mproved Property concerning" 908ap.d 912 West Main Street, La Porte
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<br />(2) Inspections. Studies, or Assessments:
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<br />(a) Within 60 days after the effective date, Buyer, ,.at Buyer's expens~, may complete or
<br />cause to be completed. inspections, studies, or assessments of the Property, including .all
<br />improvements and fixtures. Inspections, studies, or assessments may inch,.lde, but. are not.
<br />limited to:
<br />(i) physical property inspections (for example, structural pest control, mechanical, structural,
<br />J electrical, and plumbing inspections);
<br />(ii) economic feasibility studies; .
<br />(iii) environmental assessments (for example, soil tests, air sampling, and pa~f.ltsampling);'
<br />(iv) engineering studie~; and~ .' .
<br />(v) compliance" inspections (for example, complian.ce determination with zoning ordinances, .
<br />restrictions, building codes, and statutes),,, '
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<br />(b) Seller, at Seller's expense, will t~rn on all utilities necessary for Buyer to make inspections,
<br />studies, or assessments.
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<br />(c) Buyer must
<br />(i) employ onlY trained and qualified inspectors and assessors;
<br />. (ii) notify Seller, in advance, of when the inspectors or assessors will be on the Property;
<br />(iii) abid"e by any reasonable entry rules or requirements that ~eller may require;
<br />(iv) not interfere with existing operations or occupants of the Property; and
<br />(v) restore the Property to its original condition if altered due to inspections, studies, or
<br />assessments that Buyer completes or causes to be cOrT1pleted. .
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<br />(d)'!Except for,those matters that arise from the negligence, of Seller or Seller's agents, Buyer is
<br />".re~ponsib(e for any claim, liability, encumbrance, cause ()faction, and expense resulting from
<br />Buyer's inspections, studies, or assessments, including any property damage or personal injury.
<br />,Buyer will indemnify, hold harmless, and defend Seller and Seller's agents againsfany claim
<br />iInvolving a matter for which Buyer is responsible under this paragraph. This paragraph survives
<br />;~termination' of this contract. ' '
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<br />(3) Fea?ibilitv Period and Rioht to Terminate: Buyer may terminate. this contract for any reason within
<br />~ 75 .~ days after the effective date by.providing Seller with .written, notice of termination. 'JJ
<br />'I?lJyer cfoes not terminate wtthiri the time required,' Buyer accepts the Property in its present uCJ.s,
<br />. is'~ condition with any repairs Selle"r is obligated to complete under ~his contract. (Check only one
<br />b~J " .
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<br />I1\l (a) If Buyer terminates under this Paragraph 7B(3) , the earnest money will b.e refunded to Buyer
<br />, less $ . 100.00 '. , that Sellerwill retain asjndEmendent consid~ratj()nforBuyer's rig~t
<br />to ternlinate. Buyer has t~nqE;fecjiheiQd~I?~b.~ent ~onsideratidn'to$~f1erhpon'''paYqiei.ltof th~
<br />full amount specified in .paragraphS to. the:6S"GrQw:agE;rjt The iiiclep'e'ridenf 'Consideration is'to
<br />be credited to thE3 sales priSe.:Orily uppn 2!o'$i~W9n~~sa~e. "" .,,;;. " ,.d" , '. ,. . .,. .',' '
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<br />,AO, (b), ~llyer. h<;1$ J?aicl S~ller $ .' " as indeRendenfGoosideration Jor.Buyer's ,rigbtto
<br />.. . ,_ . _:.:-.......... '. _"; _ '. ; ,:.", ;.... ','. _~'1~": .". " '.' ~ "". -. ..,~ ":", ",. : "', '-:'. -.~ ,. -..."..," ,.,.. ...; '-:'~>.'.'; .~",.;t,.,.. '.""~..-q'- >=- '"" ,;-. ';:",>"::~ 1'"' "-,;,,,,~:,,;~ ~,.~ ,'~v_' ""::_-::~~"r~~' . ", . '.~ .,:..", - . .::- ;','...";: .' ~ .:. . ... ,. - : - '- -:. - - ;".
<br />terminate by tend~ring "sLlch af00upt directly to 'Sell~r- ' or$ell'ers'aggrrt: ..1t.ta~y~'tt :l~xmin~t~$
<br />, under this Paragraph 'li3(Q) , t8e'eafT1est,t!1()Aey;~ill~~e refulCld~.p.to,I?UM~rand{?~lJe~ ~W.t~~~lfi
<br />the indeRen.ci~irltconsj.qt1r~tjQ(l~Tqi~"JFlA€lP.~P.g~.n.~ G~n!?"q~r,atj(jn 0 will;P yiil!: hqtbe cr~.ditecfJp
<br />the sates. pace up'Ori'~cl'd$rng;'otthe"sare~. ;. , ... :.,~,-" . . , - " - ' . .
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<br />Initialed for IdentifiCC!tion by Buyer
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<br />,;Jt"Lr
<br />.'seller~C
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<br />Page 5 of 14 '
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<br />(TAR-1801) 2-'6-02
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<br />ProdUced with'ZipForm "" by RE FormsNet, LLC 18025 Fifteen 'Mile Road, C1inlon Township, Michigan 48035. (800) 383-9805 .
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