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au/ --1/6r
<br /> PURCHASE AGREEMENT
<br /> This Purchase Agreement is made as of this :I/ day of November 2006, by Steven D. Coddon
<br /> and/or assigns (hereinafter referred to as "Buyers"), and William J. Franklin and Pauline A.
<br /> Franklin, a married couple (hereinafter referred to as "Sellers").
<br /> ARTICLE I
<br /> PURCHASE AND SALE
<br /> Upon the terms and conditions hereinafter stated, Sellers agrees to sell and convey to Buyers, and
<br /> Buyers agree to purchase, all of Sellers' right, title and interest, in and those certain parcels of real
<br /> estate legally described on Exhibit"A" attached hereto and incorporated herein, together with all
<br /> rights pertaining to such real estate, including any right, title and interest of Sellers in and to any
<br /> and all adjacent streets, roads, alleys and rights-of-way(hereinafter called the "Properties").
<br /> The Properties shall include:
<br /> a. All buildings, structures, or improvements located on the Land, and all heating,
<br /> ventilating, incinerating, lighting, plumbing, electrical, air-conditioning fixtures and equipment, hot
<br /> water heaters, furnaces, heating controls, motors, and boiler pressure systems and equipment
<br /> located in or on the Properties.
<br /> b. All right, title and interest of the Sellers or appurtenant to the Properties in and to
<br /> all easements of record and all easements not of record benefiting the Properties (or the owner or
<br /> users thereof) over other property and all governmental permits, licenses and rights, whether or not
<br /> of record, appurtenant to the Properties.
<br /> c. All rights of ownership in and to all final and preliminary plans and specifications,
<br /> relating to the construction of the improvements on the Properties and all unexpired warranties,
<br /> guarantees, and sureties, if any, received from third parties.
<br /> d. All assignable licenses, permits, certificates of occupancy, and franchises issued by
<br /> any federal, state, county or municipal authority relating to the use, maintenance or operation of the
<br /> Properties, running to, or in favor of, the Sellers or the Properties.
<br /> e. All of the Sellers' right, title and interest in the Lease subject to Buyers' assumption
<br /> of all obligations of Sellers hereunder accruing from and after the date of assignment.
<br /> Except as set forth herein, Buyers are buying the Properties based upon their own investigation and
<br /> inquiry and are not relying on any representations of Sellers or other person and in agreeing to
<br /> accept the Properties "As-Is" subject to the conditions of examination herein set forth.
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