WILSON, WINIFRED L. - Laserfiche WebLink

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Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from City, as and for the full purchase price for said real property, fixtures & equipment (improvements pertaining to the realty), and severance damages, the total sum of sixteen thousand, four hundred and fifty dollars ($16,450.00). City agrees to deposit said purchase price in escrow with the Escrow Agent within thirty (30) days from and after the date on which the City has approved this Agreement, and the Escrow Agent is hereby authorized to pay the same to Seller upon and after: a. Conveyance of said real property by Seller to City as hereinabove provided; b. Acceptance by City of a Grant Deed conveying said real property to City; c. Delivery to City of the policy of title insurance as hereinabove provided; d. Recordation of the Deed conveying said real property to City. 7. Possession. It is agreed and confirmed by the parties hereto that notwithstanding other provisions in this contract, the right of possession and use of the subject property by the Buyer, including the right to remove and dispose of improvements, shall commence on April 15, 2001 or on the date the Deed conveying said real property to City is recorded, whichever occurs first, and that the amount shown in Paragraph 6 above includes, but is not limited to, full payment for such possession and use, including damages, if any, from said date. Waivers. The waiver by City of any breach of any covenant or agreement herein contained on the part of Seller shall not be deemed or held to be a waiver of any subsequent or other breach of said covenant or agreement nor a waiver of any breach of any other covenants or agreements contained herein. Heirs. Assigns, Etc. This Agreement, and all the terms, covenants and conditions hereof, shall apply to and bind the heirs, executors, administrators, successors and assigns of the respective parties hereto. 10. Time is of the Essence. In all matters and things hereunder to be done and in all payments to be made, time is and shall be of the essence. 11. Rentals and Occupancy by Seller. (Not applicable). 12. Permission to Enter on Premises. Seller hereby grants City, and its authorized agents, permission to enter upon said real property at all reasonable times prior to close of escrow for the purpose of making necessary inspections. 13. Just Compensation. Seller agrees that said purchase price is just compensation at fair market value for said real property, together with any and all improvements, fixtures, signs and/or portions of any of the foregoing, which are affixed to said real property.