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Commercial Contract - Unimproved Property Concerning Corner of Loo 286 and Hw-V 82 West <br />(2) after seller may, but is not obligated to, cure Buyer's timely obecessa Wtoh'provide such timelto urelthe <br />inate this <br />the objections. The closing date wiil be extended as requ <br />objections. if Seller faiis to cure the obje fti\oi hib5 dthe ays'after theltime byywhi h Sellernmust cure <br />contract by providing written notice to Selle ~v <br />the objections. If Buyer terminates, the earnest money, less any independent consideration under <br />Paragraph 76(1), wiil be refunded to Buyer. waiver (3) BuYer's failure to time(y object or terminate under this Paragr edu e Ci of the ommitm euye nt r's right to <br />object except that Buyer will not waive the requirements in Sc <br />7. PROPERTY CONDITION: <br />A. Present Condition: Buyer accepts the Property i n its present condition except that Seller, at Seller's <br />expense, will complete the following before closing: <br />B. Feasibilitv Period: Buyer may terminate this contract for any reason within ' 60 days after the <br />effective date (feasibility period) by providing Seller written notice of termination. (Check only one box.) <br />w(1) If Buyer terminates under this Paragraph ?B, sh nde endent considerafion for Buyerts uBnrestricted <br />$ 100.00 that Seller will retain a P <br />co ns derat on is totbe <br />right to terminate. Buyer has tendered the indep~Wdane t The independentler <br />amount specified in Paragraph 5A to the esc 9 <br />credited to the sales price only upon closing thehea nest mone dolla <br />Bu reaw II not ihave the r n ht 'o <br />- Para ra h 7B 1 or if Bu er fails to timel de osit <br />terminate under this Paraqraph 76. as <br />❑(2) Not later than 3 days after the effective date, Buyer must pay Seller $ such <br />amount independent consideration for Buyer's right t a~ar lnt7B, the ea enest money w II be refunded to <br />Setler's agent. If Buyer terminates under this P gaph <br />If no indeendamountent stated n'I'this <br />Buyer and Seller will retain the independent coofitlhe eration.saleThe <br />credited to the sales price onfy upon closing <br />_ _ r_"_ A.,. 44.,.,e1" nav the indeqendent consideration BuYer will not have <br />C. Ins ections Studies or Assessments: <br />may <br />'ng the feasibility period, Buyer, at Buyer's expense, ~mp ncludin c allS l <br />(1) Dun mprovements and <br />any and all inspections, studies, or assessments of the Prope y. 9 <br />fixtures) desired by Buyer. <br />(2) Buyer must: <br />(a) employ only trained and qualified inspectors and assessors; <br />(b) notify Seller, in advance, of whenthe nre eu rements of Seller;Will be on the Property; <br />(c) abide by any reasonable entry ru'es o q <br />(d) not interfere with existingop sraoirig'na► ocondit otn if t altered edueato inspections, studies, or <br />(e) restore the Froperty o <br />assessments that Buyer completes or causes to be completed. <br />(3) guyer is ler's Except for those matters that arise from theglcausee off actlonr and elxpense resulting from <br />responsible for any claim, liability, encumbrance, <br />R and Seller00 / ~ ~ <br />AR-1802) 10-18-05 Initialed for ldentification by Buyer~ <br />y,,., ~ Page 4 of 12 <br />produced with ZipForttG) bY zipLogix 18070 Fifteen Mile Road, Fraser, Michlgan 48026 www zipoaix.~m <br />Montgomery - M <br />r UU(1G5;3 <br />