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7.1. EDSR 02-20-2024
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7.1. EDSR 02-20-2024
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2/16/2024 10:08:17 AM
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City Government
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EDSR
date
2/20/2024
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<br />10. Closing/Payment of Closing Costs. The closing shall be on February 23, 2024 <br />(“Closing”) or such other date on which Seller and Purchaser may agree. Such date or such other date <br />as this transaction actually closes as determined in accordance with the provisions of this Agreement <br />herein is called the “Closing Date.” The Closing shall take place at the office of the Title Company <br />in escrow, or at such other place that is mutually acceptable to the parties. <br /> <br />The remainder of paragraph 10 shall remain unchanged. <br /> <br />2. Purchase Price. Paragraph 2 of the Agreement is amended to read as follows: <br /> <br />2. Purchase Price. Purchaser agrees to pay to Seller as the purchase price for the Real <br />Property: Two Hundred Thousand and No/Hundreths Dollars ($200,000.00)(the “Purchase Price”). <br />The Purchase Price shall be payable as follows: <br /> <br />a. Within five business days after the execution and delivery of this Agreement, <br />Purchaser shall deposit with the Title Company (as herein defined): Twenty-One Thousand <br />and No/Hundreths Dollars ($21,000.00)(the “Earnest Money”). Title Company shall hold the <br />Earnest Money in escrow and shall disburse the Earnest Money according to the terms of this <br />Agreement. The Earnest Money shall be disbursed to Seller against the Purchase Price at <br />Closing as defined herein, or to the party entitled thereto as otherwise provided in this <br />Agreement. <br /> <br />b. The balance of the Purchase Price shall be payable at Closing by certified <br />check or wire transfer of immediately available funds through the Title Company to a bank <br />account designated by Seller. <br /> <br />3. Miscellaneous. Except as amended by this Amendment, the Agreement shall remain <br />in full force and effect. <br /> <br />(Remainder of this page intentionally left blank.) <br /> <br />EL185\\73\\930372.v1 <br />
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