Resolution 2001-55 - Laserfiche WebLink

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(a) At the closing of the Property the Seller shall deliver to the Purchasers the following: (i) A fully good and sufficient executed and acknowledged General Warranty Deed conveying to Purchasers as tenants in common good and merchantable title to the Property being purchased, free and clear of all liens, tenancies and encumbrances except those set forth in Paragraphs 5(a) and 5(b) above; (ii) Possession of the Property, free and clear of all existing leases and tenancies; except for those leases described in Paragraph 9(h) below, if any; (iii) Documents acceptable to Purchasers and the title company evidencing the authority of Seller to execute this Agreement and to convey the Property being purchased to the Purchasers; (iv) Ail instruments, certificates, affidavits, and other documents necessary to satisfy the Requirements listed on Schedule A of the title commitment; (v) A current update of the title commitment, at Seller's expense, showing title subject only to the permitted exceptions determined by Paragraph 5 of this Agreement. Seller shall cause the title company to issue to Purchasers its standard form Owner's Policy of Title Insurance insuring good and merchantable title to the Property in Purchasers, with the standard printed exceptions deleted, and subject only to the permitted exceptions as determined in Paragraph 5 of this Agreement; (vi) A certification that the representations and warranties of Seller pursuant to Paragraph 9 hereof continue to be true and correct as of the date of closing; (vii) Seller's closing costs which include Seller's portion of the prorated taxes and other assessments affecting the Property, all incidental costs and fees customarily paid by Seller in Boulder County land transactions and one-half of the cost of any closing fee; (viii) If applicable, an affidavit as to the non-foreign status of Seller in accordance with Internal FIN~RU PURCHASE A~REEMENT -4-