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2005 S ERCD - Duke University Approval of Contract to Purchase Real Property
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2005 S ERCD - Duke University Approval of Contract to Purchase Real Property
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Last modified
6/8/2011 10:31:41 AM
Creation date
10/26/2010 11:02:43 AM
Metadata
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BOCC
Date
6/7/2005
Meeting Type
Regular Meeting
Document Type
Contract
Agenda Item
9a
Document Relationships
Agenda - 06-07-2005-9a
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\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 06-07-2005
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(b) On request of Buyer, Seller agrees to exercise Seller's best efforts to deliver to <br />Buyer, as soon as reasonably possible following the signing of this agreement, copies of any title <br />information in possession of or available to Seller, including, but not limited to, title insurance <br />policies, attorneys opinions on title, surveys, covenants, deeds, notes, and deeds of trust and <br />easements relating to the Property. <br />(c) Any and all deeds of trust, liens or other charges against the Property not assumed <br />by Buyer must be paid and cancelled by Seller prior to or at closing. <br />(d) A condition precedent to Buyer's obligation to close on the sale of the Property is <br />that Buyer's Board of Commissioners formally approve the purchase of the Property by action in <br />an open public meeting as provided bylaw. <br />6. MISCELLANEOUS PROVISIONS: <br />(a) This Agreement embodies and constitutes the entire understanding between the <br />parties with respect to the transaction contemplated herein and all prior agreements, <br />understandings, representations and statements, oral or written, are merged into this Agreement. <br />Neither this Agreement nor any provision hereof may be waived, modified, amended, discharged <br />or terminated except by an instrument signed by the party against whom the enforcement of such <br />waiver, modification, amendment or discharge or termination is sought, and then only to the <br />extent set forth in such instrument. <br />(b) This Agreement shall be governed by and construed in accordance with the laws <br />of the State of North Carolina, without, however, giving effect to any principle of conflicts of <br />law. <br />(c) The captions in this Agreement are inserted for convenience of reference only and <br />in no way define, describe or limit the scope or intent of this Agreement or any of the provisions <br />hereof. <br />5 <br />
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