2022-09-05-R - Laserfiche WebLink

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CONTRACT FOR THE SALE OF REAL PROPERTY This Contract of Sale ('Agreement") is made by and between Vida Enterprises, LLC,an Arkansas, LLC ("Seller") and the City of Batesville, Arkansas, 500 Main Street, Batesville, Arkansas ("Purchaser") WITNESSETH: In consideration of the mutual promises herein contained, the Seller agrees to sell, and the Purchaser Agrees to buy, in accordance with the terms and conditions of this Agreement, the following real property in Independence County,Arkansas: See Exhibit A (hereinafter referred to as the"Property") 1. PURCHASE PRICE. The Purchase Price for the Property is $150,000,00, payable at closing. 2. TITLE AND CONVEYANCE. Seller is to convey title to Purchaser by Warranty Deed. Title shall be good and marketable, subject only to: (a)covenants,conditions,easements,agreements,and restrictions of record; (b) public, private utility easements and roads and right-of ways; (c) applicable zoning ordinances, protective covenants and prior mineral reservations; and (d) real estate taxes for the year 2022,water charges and/or sewer rents, if any, subject to apportionment. 3. CONDITION OF PROPERTY. The Property is being sold as is. Purchaser certifies that Purchaser has personally inspected or will personally inspect, or has had or will have a representative inspect, the Property as fully as Purchaser desires and is not relying upon any warranties, representations or statements of the Seller regarding the Property, whether or not an existing defect may be reasonably discoverable by Purchaser. 4. CLOSING. The parties agree that the closing shall be at such time as mutually agreed by the parties.The parties intend for closing to be within 90 days from the execution of this Agreement. At closing, Seller shall deliver to Purchaser a Warranty Deed, executed in proper form for recording, and sufficient to convey title to the Property in accordance with this Agreement.