Vincent Preach 6/12/2020 - Laserfiche WebLink

6. CLOSING AND DELIVERY. The Closing will take place on or before 10 calendar days after the date of delivery of Buyer's acceptance under Section 6 above or the date of the Everett City Council's approval of this Agreement, whichever date is later. Closing may be delayed by mutual written agreement of Parties. In the event that circumstances relating to COVID-19 make the 10 days impractical,the 10 days will be extended. Buyer shall take possession of the Property upon Closing. Seller will provide boathouse keys, if any,at Closing. 7. RISK OF LOSS. The risk of loss, damage or destruction of the Property shall be borne by Seller until Closing. 8. CLOSING DELIVERIES. At Closing,the Seller will deliver a fully executed Bill of Sale for the Property in the form attached to this Agreement,together with any other document necessary to convey title to the Property. At Closing,the Buyer will deliver a City of Everett check payable to Seller for the Purchase Price. Buyer and Seller will each also deliver such other deliveries and executed documents that may reasonably required in order for Closing to occur in accordance with this Agreement. 9. BUYER'S DEFAULT. If, after delivery of Buyer's acceptance under Section 6 above and Everett City Council approval, Closing does not occur due to non-performance of Buyer under this Agreement, including, but not limited to,failure by Buyer to pay the Purchase Price,then Buyer shall pay Seller five thousand dollars ($5000) as liquidated and agreed damages and as Seller's sole remedy. Upon such payment to Seller, both parties shall be relieved of all obligations and liabilities under this Agreement. 10. SELLER'S DEFAULT. In the event the Closing does not occur due to non- performance of Seller under this Agreement,then Buyer shall have all remedies at law and equity, including specific performance. 11.TITLE/NO LIENS.Seller warrants that Seller is the sole owner of the Property. Seller warrants that the Property is free and clear of all liens, debts, exceptions, and encumbrances except the lien for taxes not yet delinquent. 12. NO BROKER. Buyer and Seller warrant to one another that neither has engaged a broker in connection with this Agreement or the sale hereunder. 13.AS-IS. Except as otherwise provided in this Agreement or in the Bill of Sale, the Buyer's purchase of the Property is"AS-IS", "WHERE-IS", and "WITH ALL FAULTS". 14.TAXES. Sales or use or excise taxes, if applicable on the purchase itself,will be paid by Buyer at Closing. Duties,taxes or fees on or related to the Property of any state, county, city or other regulatory or taxing authority incurred prior to the date of Closing shall be paid by Seller at or prior to Closing. Buyer states that it is eligible for a sales tax exemption as a municipality and shall furnish all necessary documents to claim the exemption. 15.COUNTERPARTS. This Agreement may be executed in separate counterparts, each of which shall constitute an original and all of which together shall constitute 2