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materials supplied to, the Properties prior to the Closing Date, and Sellers shall and do hereby <br /> agree to defend, indemnify, and forever hold Buyers harmless from and against any and all such <br /> mechanic's lien claims and any other contracts or commitments relating to the Properties subject to <br /> the pro-ration provision hereof <br /> Except as may be disclosed in writing by Sellers to Buyers pursuant to Sections 6.1, 6.6 and 6.7, all <br /> representations and covenants of Sellers contained in this Agreement shall be true on the Closing <br /> Date and shall survive the Closing Date and the delivery of the warranty deeds provided for herein <br /> as well as any investigation made by or on behalf of Buyers for a period of one year after the <br /> Closing Date. <br /> ARTICLE VI <br /> REMEDIES <br /> 6.1 Buyers Default. If Buyers shall default in the performance of any of its obligations <br /> hereunder, Sellers' sole remedy shall be to cancel this Purchase Agreement by serving notice in <br /> writing upon Buyers in the manner provided herein, Sellers shall be entitled to retain all earnest <br /> moneys paid as liquidated damages. <br /> ARTICLE VII <br /> MISCELLANEOUS <br /> 7.1 Notices. All notices and other documents of similar legal import from either of the <br /> parties hereto to the other shall be in writing and considered to have been duly given or served if <br /> sent by first class certified mail, return address as set forth below, or to such other address as such <br /> party may hereafter designate by written notice to the other party. <br /> If to Sellers: William and Pauline Franklin <br /> 1730 New Brighton Boulevard <br /> Minneapolis, MN 55413 <br /> If to Buyers: Steven and Joan Coddon <br /> PO Box 175 <br /> Mound, MN 55364 <br /> 7.2 Broker's Commission. In the event of a successful transfer of legal title of the <br /> properties to the Buyers, Sellers shall not be required to pay a broker fee or commission. <br /> 7.3 Successors and Assigns. The terms, conditions and covenants of this Purchase <br /> Agreement shall extend to, be binding upon and inure to the benefit of the successors and assigns <br /> of the parties hereto. <br /> 7.4 Agency Disclosure. No Agent. <br /> 7.5 Risk of Loss. Risk of loss to the Properties prior to the time of closing shall remain <br /> in Sellers. In the event that,prior to the time of closing, proceedings for the condemnation of the <br /> 6 <br />