2009-016-ORD REZONE 3700 BONHAM - Laserfiche WebLink

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Commercial Contract - Unimproved Property Concerning b ctions within 15 days after Seller receives (2) Seller may, but is not obligated to, cure Buyer's timely o !e to provide such time to cure the the time required, Buyer may terminate this the objections. The closing date will be extended as necessary he time b which Seller must cure objections. If Seller fails to cure the objections by contract by providing written notice to Seller within 5 days after t Y e objections. If Buyer terminates, the earnest money, less any independent consideration under th 1 Paragraph 7B(1), will be refunded to Buyer. to time) object or terminate under this Paragraph e 6C.is a waiver of C of the commitmentr's right tc (3) Buyers failure Y . object except that Buyer will not waive the requirements in Sche u 7. PROPERTY CONDITION: A. Present Condition: Buyer accepts the Property in expense, will complete the following before closing: its present condition except that Seller, at Seller's Period: Buyer may terminate this contract for any reason within 6o days after the B FPasibilitY providing Seller wriften notice of termination. (Check only one box.) effective date (feasibility period) by p Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer less ® (1) If Buy oo that Seller will retain as independent consideration for Buyer's unrestricted the $ 100 the escrow agent. The independent consideration is to be right to terminate. Buyer has tendered the independent consideration to Seller upon stated in this amount specified in Paragraph 5A to of the sale. If no dollar amount is credited to the sales price only upon closing r_,1_ 4., +;,.,Iv riP�osit the earnest mone Bu er will not have the right o Faro terminate under this Paragraph 76. as ❑ (2) Not later than 3 days after the effective date, Buyer must pay Seller $ independent consideration for Buyer's right to terminate by tendering such amount to Seller or agent. If Buyer terminates under this Paragraph ion6' The eindependent refunded to l be Sellers g Buyer and Seller will retain the independent poonndosing of the sale. If no dollar amount is stated in this credited to the sales price only up rah 7B 2 or if Bu er fails to timel a the rode endent consideration Bu er will not have Pars _�_ . ,..,.,�r +►,ic Par;;% raDh 7e. C. Ins ections Studies or Assessments: may complete or cause to be completed (1) During the feasibility period, Buyer, at Buyer's expense, d all inspections, studies, or as of the Property (including all improvements an any an P fixtures) desired by Buyer. (2) Buyer must: qualified inspectors and assessors; (a) employ only trained and q b notify Seller, in advance, of when the inspectors of Seller; be on the Property; (c) abide by any reasonable entry rules or requirements (d) not interfere with existing operatoinn nal conditiotn of f the altered edueato inspections, studies, or (e) restore the Property to its le ng or causes to be completed. assessments that Buyer comp er is (3) Except for those matters that arise from the negligence off Seller and Seller's xpense agents, Buyer from responsible for any claim, liability, encumbrance, cause `y,,., � (�., Page 4 of 12 1802 10 -18 -05 Initialed for Identification by Buyer and Sellerb / D 0n_ (TAR ) Montgomery - M Produced with ZipFonrZ by zipLogix 18070 Fifteen we Road, Fraser, Michigan 46026 wwry ziD� m