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5 revisions | Phil at Feb 02, 2023 10:02 AM | |
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94Special Meeting exceed the sum of $425,000.00. 6. Seller agrees to furnish to Purchaser within 15 days after acceptance of this offer, an abstract or abstracts of title showing good, sufficient and merchantable title to said real estate in Seller. Purchaser agrees to approve or disapprove title to the same within 30 days after receipt of the abstract or abstracts. If there are defects in the title which can be corrected, Seller shall have a reasonable time in which to effect such correction, which shall be at its expense. If there are defects in the title which cannot be corrected within a reasonable period of time, both parties shall be released from their covenants and obligations and this agreement shall become null and void. 7. It is mutually agreed that time is an essential element in this agreement, except for the provisions of Paragraph 6 above relating to the correction of defects in title. 8. This offer, when accepted, shall be binding upon the successors and assigns of the parties hereto. Dated this 15th day of May, 1958. THE BOARD OF REGENTS OF THE By C. Y. Thompson ATTEST: Joseph Soshnik There being no further business, the Board adjourned. (signed) CYThompson Attest: (signed) Joseph Soshnik - 91 - | 94Special Meeting exceed the sum of $425,000.00. 6. Seller agrees to furnish to Purchaser within 15 days after acceptance of this offer, an abstract or abstracts of title showing good, sufficient and merchantable title to said real estate in Seller. Purchaser agrees to approve or disapprove title to the same within 30 days after receipt of the abstract or abstracts. If there are defects in the title which can be corrected, Seller shall have a reasonable time in which to effect such correction, which shall be at its expense. If there are defects in the title which cannot be corrected within a reasonable period of time, both parties shall be released from their covenants and obligations and this agreement shall become null and void. 7. It is mutually agreed that time is an essential element in this agreement, except for the provisions of Paragraph 6 above relating to the correction of defects in title. 8. This offer, when accepted, shall be binding upon the successors and assigns of the parties hereto. Dated this 15th day of May, 1958. THE BOARD OF REGENTS OF THE By C. Y. Thompson ATTEST: Joseph Soshnik There being no further business, the Board adjourned. (signed) CYThompson Attest: (signed) Joseph Soshnik - 91 - |