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AMENDED ~,J~. 1993
<br />
<br /> OFFER TO PURCHASE
<br />AGREEMENT OF PURCHASE AND SALE
<br />
<br />THE OORPORATION OF THE 00~ OF ESSEX ("Purchaser")
<br />having inspected 0la property, hereby agree to and with. ~]~ c%'T]'d ~'~ ~ ~("~. RG ~G .................................
<br /> ("Vendor"),
<br />
<br /> to purchase all and singular the pram,sas s~tuate on the SOU'~'I ... s,de of..Colchester..Townline
<br />
<br />in the ....... ~.~P .................................... of.. CQ!~hes~..s0u~.~. C0.~. of..Ess~ ..........
<br /> known as Ri R...#~,..7847..7th..COnCession,. cottam~ .on~-~i0 ............................. (herein called the "Prol3erty")
<br />
<br />hav, ng ,ron,ag. ot ,~oul 990 ~.64..f.~ ............ mot, or ,e~. by:C~aS~a~ .an..i~rag~lar depth ..... more or ,.ss.
<br />
<br />be,n~ .part of .................... Lof ,o 16. ~~~X. Concession. 6 (49.54 Acres.) .............
<br />
<br />Rag,stared in the Land Rag,sm/Office . for the Cotm"~ty of Essex ....
<br />at ,De or,de or ,urn ("Pu<hase P-c.")ot ~ HUNDRED ANn TEN THOUSAND. .............................. Do,,a~
<br />
<br /> as fo.ows: One Thousand Do,a~
<br />
<br /> cas~ or cert~fle~ cme<3ua to t~e sa~d AgentJVem3or on th~s date as a deDos~t to De held ~n trust Dend~nq completion or other termination of tt~s Agreement. and to De~creditgd
<br />on account of Pu.cnase Pr,ce on c,os,ng, ano covenant. ~rom,se and agree to pay t. he balance of the ptlrchase prlce on CJ. OS:Lng
<br />subject tc the usual adjustments, by cash or certified cheque.
<br />The provlslons of Schedule "A" annexed hereto, are incorporated in and made a part of this
<br />Agr~t of Purchase and Sale.
<br />
<br />The Purchase Pnce does not include Gooas and Serwces Tax ("G S T ' ) and. d tins transact,on ,s SUblect to G S T. then apphcable G.S.T. shall be ~n addition to the Pur-
<br />chase Price. All G S.T. shall be collected and remitted as redu~red Ov ~aw It tn~s transaction ~s SUOleCt to G.S.T but the Vendor ~s not reclu~red to collect or remit G.S.T.,
<br />the Purchaser acrees to prov,de on or before closing to the Vendor or Vendor s Solicitor a written cerhhcate ~n a lorm reasonably sat~stactow lo the Vendor or Vendor's
<br />Solicitor to the et~ect that the Vendor ~s not required lo collect or remit the G S T and srtall prowde tr~e Vendor w~th the Purchaser's G.ST registration number, if applicable.
<br />fa~hng wh~c~ tr~e applicable G.S.T. shall be pa~d to the Venclor on closing If tn~s transaction ~s not SUbleCt to G.S.T.. the Vendor agrees to prowcle on or before closing
<br />to the Purchaser or Purchaser's Sohc~tor a written certd~cate ~n a lorm reasonaDw sat~staclory [o the Purchaser or Purchaser's Sohc~or certitying that the transaction ~s
<br />not SUblect to G.ST
<br />
<br />The Vendor reoresents and warrants that dunng the per~od of ms or nar occupancy of the ProberW and. to the best of ms or her know~eclge, prior thereto, no buitdmg on
<br />the ProperW lies Dean insulated w~th urea formaldehyde loam ~nsulanon Tn~s warranty shall survive completion of th~s transaction
<br />
<br />All fixtures shall remain with the Property. except:
<br />
<br />and the following chattels, the property of the Vendor. shall be ~ncluded m th~s sale for the price above-mentioned:
<br />
<br />This Offer shall De ,rrevocable by the Purchaser until 4: 30 P.M on the 22~d ....... day of Dec~ ........ ~9 95.after wh,ch
<br />t~me. ff not accepted, this Offer shall be null and void and the deposit returned to the Purchaser w~thout ~nterest or deduction.
<br />
<br />PROVIDED the tree ~s good and tree from all encumbrances, excem as aforesaid, and except local rates and minor easements for iw~3ro gas, telephone or like services
<br />to the Property: sa~d title to be examined by the Purchaser at ms or her own expense, and the Purchaser not to call for the prOducDen of any tree c~eed, abstract of title.
<br />survey, prod! or ew(]ence of t~tle, other than those in Vendor's possession or under ms or her control; and provided the same have been comDhe<:l w~th. the Purchaser to
<br />accel:)t the ProDerw sublect to Mumcipal redu~rements, including bu~lcimg_an¢3 zoning by-laws, minor easements as aOove-mentloned, an~3 to restnct~ons and covenants that
<br />run with the land.
<br />
<br />The Purchaser to De allowed .l,lT],t.~. C..-LOSin . to investigate the title at his or nar own exDense, and if within that
<br />time he or she snail furnish the Vendor ~n wrmng w~th ~~tle. orto any outstanding MumcIDal work orders or defloency not~ces aftect~ng the Proberly.
<br />or non-comphance w~th zoning by-laws, or that the present use of the property may not De lawfully continued, or that the buildings on the ProperW may not be insured against
<br />risk of fire. which the Vendor shall be unable or unwilling to remove or correct, and which the Purchaser will not waive, this Agreement st~Jl, notwithstanding any intermed~ate
<br />acts or negot~at, ons. Pe null and void and the deposit money returned to the Purchaser without interest or deduction, and the Vendor and the Agent shall not be hable for
<br />any costs or damages. Save as to any vahd objection so made w~tmn SUCh ~me. the Purchaser shall be conclusively deemed to nave acceptso me t~tle of the Venaor to the Property.
<br />
<br />The Vendor hereby consents to the municipality releasing to the Purchaser details of all outstanding Municipal work orders or deflc~ncy notices affecting the Property.
<br />within 10 days of.__r___en2zlw~a__..l_o_~f co ' ' e "A"
<br />This Agreemem snail be completed .... off ~m~ch date vacant possession of the
<br />Property is to De g~ven to the Purchaser unless otherwise prowOed tor Derem.
<br />
<br /> (over)
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