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2 <br />City Council Approval (must select one) <br />☒ The Everett City Council has already approved this Agreement and authorized the purchase of the Property. <br />☐ Everett City Council action has not yet occurred. This Agreement terminates if the Everett City Council has not by the Closing Date approved this Agreement and authorized the purchase of the Property. If such approval and authorization for any reason does not occur by the Closing Date, then this Agreement shall terminate, the Deposit shall be returned to Buyer upon demand, and Seller and Buyer shall have no further rights or obligations hereunder except for those rights or obligations that expressly survive termination. <br />Additional Provisions The Parties agree to adjust the form of the Deed as may be required by the Title Company. The Ford F-150 and the riding mower in the barn are not transferred to the City under this Agreement. The Parties agree that words in strikeout font in Sections 5, 7, 8(a), 8(e) and 10 are deleted from this Agreement. Words in underline font in those sections are added to this Agreement. <br />2. PROPERTY. Seller agrees to sell and convey to Buyer and Buyer agrees to purchase <br />from Seller, subject to the terms and conditions set forth in this Agreement, the following: <br />(a) Real Property. The real property located in Snohomish County, <br />Washington, legally described as set forth on Exhibit A attached hereto, together with all Seller’s <br />right, title and interest in and to any rights, licenses, privileges, reversions and easements <br />pertinent to the real property, including, without limitation all development rights, air rights, and <br />water rights relating to the real property, and all rights to utilities serving the property, as well as <br />any other easements, rights of way or appurtenances used in connection with the beneficial use <br />and enjoyment of the real property (collectively, the “Real Property”). <br />(b) Tangible Personal Property. All tangible personal property owned by Seller <br />and located on, within, over or under the Real Property that is attached or otherwise affixed to <br />the Real Property, including without limitation all fixtures. <br />(c) Intangible Personal Property. All intangible personal property owned by <br />Seller and used in the ownership, financing, operation or maintenance of the Real Property or <br />the tangible personal property, or any portion of either. The intangible personal property <br />includes, but is not limited to, licenses and permits issued by any federal, state, or local <br />authorities relating to the use, maintenance, occupancy or operation of the Real Property, <br />reports and studies, including but not limited to physical and engineering inspections, soil studies, <br />utility and zoning studies, traffic studies, environmental assessment reports, government <br />correspondence, orders or data relating to any hazardous materials on the Real Property and any <br />other documented information relating exclusively to the Real Property.