323-24 Agreement of Sale - Block 175.14 Lot 2.pdf

2 4851-0739-6757, v. 1 2. PURCHASE PRICE. The Purchase Price of the Property is SEVEN THOUSAND FIVE HUNDRED AND 00/100 ($7,500) DOLLARS (the “Purchase Price”). The Purchase Price shall be payable as follows: A. Upon execution of this Agreement, the Buyer shall pay the entire Purchase Price, to be held in escrow by the Township, until the Closing (as hereinafter defined). B. At the Closing Date as defined herein, the Township shall release the Purchase Price from escrow and accept the entire Purchase Price. 3. CLOSING DOCUMENTS. A. At the Closing, Seller shall execute and/or deliver to the Buyer: (i) a Deed (the “Deed”), in proper form for recording; and (ii) such other instruments as may be reasonably required by Buyer’s attorney or Buyer’s title insurance company to effectuate the within transaction, including an Affidavit of Title. B. At the Closing, Buyer shall execute and/or deliver to Seller such other documents and/or instruments as may be reasonably required by Seller’s attorneys or Buyer’s title insurance company to effectuate the within transaction. 4. TITLE. The dimensions of the Property shall be set forth on a survey which may be ordered by the Buyer at the Buyer’s expense. The sale is subject to easements and restrictions of record, if any, and such state of facts as an accurate survey might disclose, provided same do not render title uninsurable at regular rates. The sale is also subject to applicable zoning ordinances. The Seller shall provide title, free and clear of all mortgages, encumbrances and liens. 5. POSSESSION. At the Closing, Seller shall deliver possession of the Property to the Buyer.