SOUTHERN PACIFIC - FT 033632 - Laserfiche WebLink

• 8. CL~SIFIG 8.1 Escrow Holder shall close Escrow on or before September 30, .1988, ("Closing Date"), unless extended by the mutual written consent of the parties. 8.2 Seller shall deliver or cause to be delivered to Buyer through Escrow: A. A Grant Deed in proper form duly executed and recordable conveying to Buyer fee title to the Property, subject only to (i) the exceptions approved by Buyer pursuant to Paragraph 7 hereof, and (ii) a reservation by Seller of all mineral rights and certain other covenants in the form attached hereto as Exhibit "B". B. A standard coverage owner's form policy of title insurance issued by the Title Company in the full amount of the Purchase Price insuring title vested in Buyer, subject only to the printed provisions of such policy and to the exceptions approved by Buyer pursuant to .Paragraph 7 hereof. C. If applicable, all agreements and leases referred to in Paragraph 6(B) and assignments thereof to Buyer. 8.3 Buyer shall deliver or cause to be delivered to Seller through Escrow the Purchase Price as set forth in Paragraph 3 hereof. 8.4 Both parties shall execute and deliver through Escrow any other documents or instruments which are reasonably necessary in order to consummate the purchase and sale of the Property. 9. CflMDITIOti OF PROPERTY AND BUYER'S INTENDE{I USE 9.1 Buyer acknowledges that it offers and desires to purchase the Property "as is" and without representation or warranty from Seller with respect to the condition of the Property including, but not limited to, the condition of the soil, presence of hazardous materials or contaminants, and other physical characteristics. Buyer shall perform and rely solely upon its own independent investigation concerning the physical condition of the Property. 9.2 Seller has not and does not hereby make any representation or warranty to Buyer concerning the Property or its compliance with any statutes, ordinance or regulation. Buyer shall perform and rely solely upon its own independent investigation concerning the Property's compliance with any applicable law. 9.3 Buyer represents that its intended use of the Property is a public park. Buyer shall perform and rely solely upon its own investigation concerning Buyer's intended use of the Property, the Property's fitness therefor, and the availability of such intended use under applicable statutes, ordinances and regulations. Doeument 0044 Page 4 of 8