Agmt97 CDBG Pen. Habitat for Hu - Laserfiche WebLink

Browse Search

of this Agreement. ~ritten escrow instructions in accordance with the terms of this Agreement shall be prepared jointly, and the instructi~s s, hall be signed by the parties and delivered to the escrow holder within ,,7__-E,¢/,/ days of the execution of this Agreement. Buyer and Seller shall also deposit with the escrow holder all instruments, documents, and other items (i) identified in the escrow instructions or (ii) reasonably required by the escrow holder to close the sale on the closing date specified below. Closing Date Section 2.02. The escrow shall be closed on the date the deed is recorded. The escrow shall be considered to be in a condition to close when the escrow holder is authorized under the escrow instructions, and when the escrow holder is ~)~,r~, ise able, to ~ecord the grant deed. The escrow must be closed no later than ..¢L"7''eL- , 1998, unless the closing date is extended pursuant to the ~'ms of this 'Agreement; provide~d, however, that this closing date shall not be extended beyond ~l/'~z~- /~.~'¢~'C ,1998. Prorations Section 2.03. Not applicable. Section 2.04. Not applicable. Closing Costs Section 2.05. The escrow fee to the Escrow Holder, other than the cost of the above title insurance policy, shall be paid fifty percent (50%) by Buyer and fifty percent (50%) by Seller, and other charges and fees shall be paid as customary for the purchase of residential property in the County of San Mateo. Vesting of Title Section 2.06. At the close of escrow title shall vest in Peninsula Habitat For H umanity)~v¢_.,, ARTICLE 3. ADDITIONAL TERMS AND CONDITIONS Preliminary Title Report Section 3.01. Within --~?./ days after the execution of this Agreement, Seller shall furnish Buyer with a preliminary title report of the title to the Property and each document shown as an exception or encum, l~rance in the report. This shall be done at the expense of Seller. Within Agmt-1 2 FXS:Im 04-13-98