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2002_Ordinances
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decree, order, or award of any court, governmental body or arbitrator, or any law, <br />• rule or regulation applicable to Seller. <br />g. Other Adverse Facts. Seller knows of no materially adverse fact, affecting or <br />threatening to affect the Premises that has not been disclosed to Purchaser in <br />writing. Between the date Seller executes this Agreement and Settlement, Seller <br />will notify Purchaser in writing of any events which occur or any facts of which it <br />becomes aware which would make any of its representations false or misleading. <br />Except as otherwise permitted by Purchaser in writing, in its sole discretion, each <br />of its representations made in this Agreement by Seller shall be true and correct as <br />of the date of Settlement. <br />6. Title. <br />Purchaser, at Purchaser's sole expense, shall cause to be made an examination of title <br />and survey of the Premises. In the event that Purchaser's examination of title or survey <br />of the Premises reveals matters of title which are unacceptable to Purchaser, then <br />Purchaser shall so notify Seller and Seller may, at Seller's expense, have such title <br />objections removed within a reasonable period of time following notice of same. In the <br />event that Seller is unwilling or unable to cure the title objections, then Purchaser may, at <br />Purchaser's option, declare this contract null and void and neither party shall have any <br />further obligations hereunder. Seller hereby grants the Purchaser, or its agents, <br />permission to enter the Premises to perform a survey of the Premises <br />• 7. Settlement. <br />a. Settlement and delivery of possession shall be on or before November 30, 2002, <br />or as soon thereafter as practicable, allowing a reasonable time for preparation <br />and approval of documents and correction of defects reported as a result of a title <br />examination, survey or inspections of the Premises ("Settlement"). Settlement <br />shall be held at the offices of the Settlement Agent, or at such other place as the <br />parties may agree. Seller shall deliver to Purchaser, at Settlement, a fully <br />executed special warranty deed conveying title to the Premises to Purchaser (the <br />"Deed"). The Deed shall be in a form the same as that attached hereto as <br />Exhibit B. <br />b. Seller shall deliver to Purchaser at Settlement an affidavit, on a form acceptable to <br />Purchaser and Purchaser's title insurance company, signed by Seller, that no labor <br />or materials have been furnished to the Premises within the statutory period for <br />the filing of mechanics' or materialmen's liens against the Premises, or if labor or <br />materials have been furnished during the statutory period, an affidavit that the <br />costs thereof have been paid in full and no other persons or entities have the right <br />of possession of the Premises. <br />C. Seller agrees to execute at Settlement any affidavit or forms required by the <br />• Internal Revenue Service or the Virginia Department of Taxation to report this <br />transaction and/or to exempt the Purchaser from any withholding requirements <br />under applicable law. <br />3 <br />
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