2627-21 Agreement of Sale - Block 175.13 Lot 3.pdf

6 4835-6376-7510, v. 1 66 Main Street West Orange, New Jersey 07052 Municipal Clerk Township of West Orange 66 Main Street West Orange, New Jersey 07052 With copy to: Richard D. Trenk, Esq. McManimon, Scotland and Baumann 75 Livingston Avenue, Suite 201 Roseland, New Jersey 07068 (b) In the case of the [BUYER’S NAME]: [BUYER’S NAME] [BUYER’S ADDRESS] [BUYER’S ADDRESS] With copy to: [BUYER’S COUNSEL’S NAME] [BUYER’S COUNSEL’S ADDRESS] Any party may change the notice address by written notice to the other party. 18. REMEDIES. If Buyer defaults in its obligations hereunder, Buyer shall waive any and all rights to the funds held by the Township in escrow as liquidated damages and Seller shall keep the funds held in escrow and may sell the Property to another buyer. If the Seller defaults in its obligations hereunder or shall fail to close title hereunder for any reason, then Buyer, as its sole and exclusive remedy, shall be solely entitled to the rescission of this Agreement and return of the Purchase Price paid to the Seller. 19. WAIVER OF CONDITIONS. A. Buyer and Seller each shall have the right to waive any of the terms or conditions of this Agreement which are strictly for their respective benefit and to complete the