4.13. SR 03-07-2016 - Laserfiche WebLink

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(A) If notice is given and Seller remedies the objections, then upon presentation to Buyer and proposed lender of documentation of resolution, and if not objected to in the same time and manner as the original title objections, the closing shall take place on the mutually agreed to scheduled closing date. (B) If notice is given and Seller proceeds in good faith to remedy the issues but the 120 -day period expires without the exceptions being addressed, Buyer may declare this Agreement null and void by notice to Seller; neither party shall be liable for damages hereunder to the other and earnest money shall be refunded to Buyer. If Seller proceeded in good faith, Buyer shall not be entitled to both proceed to closing and to require Seller to resolve the objections or to seek damages from Seller. If Seller does not give notice of intention to resolve the objections, or if notice is given but the 120 -day period expires without resolving the objections due to Seller's failure to proceed in good faith, Buyer may proceed to closing without waiver or merger in the deed of the objections to title and without waiver of any remedies, and may require the Seller to complete the remedy of the objection or the Buyer may rescind this Purchase Agreement by notice as provided herein, in which case the Purchase Agreement shall be null and void and all earnest money paid hereunder shall be refunded to Buyer. (C) If the objections are not resolved as provided herein and Buyer defaults in any of the agreements herein, Seller's sole and exclusive remedy is to cancel this Purchase Agreement as provided by law and retained all earnest money as liquidated damages. Seller waives any and all other claims and causes of action against Buyer. If title objections are resolved and Seller defaults in any of the agreements herein, Buyer shall be returned the earnest money as its sole remedy. 14. NOTICES. All notices required herein shall be in writing and delivered personally or mailed to the address as shown above and if mailed, are effective as of the date of mailing. 15. SUBDIVISON OF LAND. If this sale constitutes or requires a subdivision or combination of land by Buyer, Buyer shall pay all subdivision/ platting or combination expenses and obtain all necessary governmental approvals. Seller warrants that the legal description of the real property to be conveyed has been provided to the Seller for confirmation and verification. The Buyer is seeking to assemble lands and agrees that it will pay all costs associated with the