Laserfiche WebLink
<br />Commercial Unimproved Contract Concerning <br /> <br />1106 Bayshore Drive, ~a porte, TX <br /> <br />(b) In connection wllh Buyer's inspections. studi~s, and assessments, Buyer must: <br />(I) employ only trained and qualified inspectors and assessors; <br />(iQ notify Seller, in advance, of when the Inspectors or assessors will be on the Property: <br />(iil) abide by any reasonable entry rules or requirements thai Seller 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 aUered due 10 inspections. studies, or assessments that Buyer <br />completes or causes to be completed. <br /> <br />(c) Except lor Ihose matters that arise from the negligence of Seller or Seller's agents. Buyer is responsible for any <br />claim. liabiDty, encumbrance, cause of action. and expense resulting from Buyer's inspections. studies, or <br />assessments, Including any property damage or personal injury. Buyer will indemnify, hold harmless, and defend <br />Seller and Seller's agents against any claim involving a matter for which Buyer Is responsible under this paragraph. <br /> <br />see Exhibit "A" attached hereto 30 <br />(3) Riaht 10 Terminate: /duyer may terminate this contract for any reason within days after the effective dale by <br />providing Seller with written notice of lermination. If Buyer terminates, the earnest money will be refunded 10 Buyer less <br />$ 2, 000 that Seller will retain as independent consideration for Buyer's right to terminate under this paragraph. The <br />independent consideration is to be credited 10 lhe sales price only upon closing of the sale. Buyer has tendered the <br />Independent consideration to Seller upon payment of lhe full amount specified in Paragraph 5 to the escrow agen!. If <br />Buyer does not terminate within the lime required. Buyer accepts the Property in its present condlllon. <br /> <br />(4) Retum of ProDertv Information: If thfs contract terminates lor any reason, Buyer will, not later than 10 days aller lhe <br />termination dale: (a) retum to Seller all those ilems described in Paragraph 7B(1) that Seller delivered to Buyer and all <br />copies thaI Buyer made of those items; and (b) deliver copies of all inspection and assessment reports (excluding <br />economic feasibility sludies) related to the Property that Buyer completed or caused to be compleled. This Paragraph <br />7B(4) survives termination. <br /> <br />(5) Contracts Affeclina ODerations: Aller Buyer's right to tenninate under 7B(3) expires, Seller may not enter into, amend, or <br />terminale any other contract thai affects the operations of the Property without Buyer's prior written approval. . <br /> <br />a. BROKERS: <br /> <br />A. 'The brokers to Ihis sale are: <br /> <br />Rosebud ~. Caradec, Advent Waterfront Properties, mhc. 0383139 <br /> <br />Usting Broker XlRJ:OXlllio. ialtl~GC License No. <br />tisllng Broker: il~~~ <br />aI represents Seller. <br />(3 acts as an intermediary between Seller and Buyer. <br /> <br />8. Fees: (Check (1) or (2) only.) <br /> <br />as: (1) Seller will pay Usling Broker the fee specified by separate written commission agreement between Listing Broker and <br />Seller. Listing Broker will pay Other Broker the fee specified in the Agreement Between Brokers found below the parties' <br />signatures to this contract. <br /> <br />D (2) At closing. Seller will pay: <br /> <br />Listing Broker a total cash lee of: <br />D _ % of the sales price. <br />D <br /> <br />Other Broker a total cash fee 01: <br />D _ % of the sales price. <br />D <br /> <br />The cash fees will be paid in <br />brokers (rom the Seller's proceeds at closing. <br /> <br />NOTICE: Chapter 62, Texas Property Code, authorizes a broker 10 secure an earned commission with a lien agafnsllhe <br />Property. <br /> <br />County, Texas. Seller authorizes escrow agent to pay the <br /> <br />C. The parties may not amend this Paragraph 8 without the written consent of the brokers affected by the amendment. <br /> <br />9. CLOSING: <br /> <br />A. Th~ closing of the sale will be on or before see Exhibit "A." attached or within 7 days aller <br />objections to title have been cured, whichever dale Is later (the closing date). If either party fails to close by the closing date. <br />the non-aefaulting party may exercise the remedies in Paragraph 15. <br /> <br />(TAR-1802) 11.5-99 <br /> <br />Inillaled for Identification by Buyer On , and Seller f!..tr..- -:s;- _ <br />TAR, P.O. Box 2246~B768-2246 <br /> <br />Page40f9 <br />