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Project Packet
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Last modified
4/9/2026 12:46:31 PM
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4/9/2026 12:33:45 PM
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RIDER TO PURCHASE AGREEMENT (Continued) <br />Seller's sole judgment, upon the completion of Purchaser's house. <br />Purchaser further agrees to pay promptly on demand by Seller any <br />additional sums paid by Seller in excess of said deposit for <br />the repair of damage to the road caused by construction of <br />Purchaser's house, if such costs of repair exceed such deposit. <br />VI. Purchaser shall pay before penalty attaches thereto all real <br />estate taxes due in and after the year following the year in which <br />this Purchase Agreement is executed. Purchaser shall also pay <br />special assessments (if any) due therewith and thereafter. In <br />the event such real estate taxes and special assessment; are not <br />subdivided into the separate lots Purchaser is buying hereunder, <br />Seller, on or before the date such taxes and special assessments <br />are due, shall pro rate the same on all of the lots of said sub- <br />division (other than outlots) and notify Purchaser of Purchaser's <br />pro rata share of the same in the manner herein prescribed. <br />VII. Purchaser s'iall not be given occupan-y of said premises, and <br />Purchaser shall not commence any improvements of any type thereon, <br />until Purchaser has performed as required hereunder on the date of <br />closing. <br />VIII.Seller shall hold the earnest money herein in a segregated account <br />until the Notice Date, or until the end of the soil testing period <br />described in paragraph II nerein, whichever date last occurs. At <br />any time after the last -cvrring date described in the preceding <br />sentence, Seller may, and Purchaser hereby authorizes Seller to, <br />commingle said earnest money with Seller's other funds, a:,d to <br />apply the same to Sel-er's general expenses of developing The <br />Farm at Long Lake. <br />IX. Any notice or elections herein or by law required or permitted <br />to be given or served by either party hereto upon the other <br />shall be deemed given or :served in accordance with the provisions <br />-7- <br />
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