Conveyance of Real Estate. At the final Closing of this transaction, Seller shall deliver a fully-executed and recordable Trustees’ Deed conveying and quit-claiming merchantable title to the Real Estate to Purchaser or to Purchaser's nominee, in exchange for the balance of the Purchase Price due hereunder. Such Deed will be subject to: the year 2021 Real Estate Taxes payable in the year 2022 and all Real Estate Taxes levied and payable thereafter; all Roads and Highways, Easements, Rights-of-Way, Dedications, Reservations, Restrictions and Covenants affecting the real estate, if any; Rights-of-Way for Drainage Tiles, Ditches, Feeders and Laterals, if any; all applicable Zoning Ordinances and Restrictions; the Perpetual and Mutually Nonexclusive Ingress, Egress and Utility Easement described on the attached “EXHIBIT A", if any; and all acts of Purchaser and Purchaser's Assigns and Successors in title but free and clear of all other encumbrances whatsoever, unless otherwise hereinafter stated.
Conveyance of Real Estate. The Agency shall convey the Premises to the Developer for a purchase price in the amount of $81,675, which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The Premises shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. The Premises shall be subject to reconveyance to the Agency upon certain events of default as provided in Section 6.02 of this Redevelopment Contract.
Conveyance of Real Estate. The Agency shall convey the Premises to the Developer for a purchase price in the amount of $50,000.00 which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The cost of subdividing, including but not limited to platting and surveying, the Premises shall be shared equally between the Agency and Developer. The Premises shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. The Premises shall be subject to reconveyance to the Agency upon certain events of default as provided in Section 6.02 of this Redevelopment Contract. A Deed of Trust, executed by Developer, as Trustor, for the benefit of Agency, as Beneficiary, shall be filed against the Premises as security for performance of the obligations set forth in this Redevelopment Contract.
Conveyance of Real Estate. The Agency shall convey the Project Site to the Developer for a purchase price in the amount of $25,000, which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The Project Site shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. The Project Site shall be subject to reconveyance to the Agency upon certain events of default as provided in Article V of this Redevelopment Contract.
Conveyance of Real Estate. The Agency will convey the real property described to-wit: The West 180 feet of the North 247 feet of Xxx 00, Xxxxxxx Xxxxxxxxx Addition to the City of Lexington, Xxxxxx County, Nebraska. Such conveyance is subject to the condition that the Developer shall commence construction on said real estate of a 5,000 square foot commercial building, associated access drive, off-street parking facilities, and landscaped areas as described in Exhibit A. Construction shall commence within 45 days of final approval of this Development Agreement. Developer shall complete construction within 12 months of the execution of this agreement. Developer shall pay the cost of subdividing the real estate, as well as any filing fees associated with the transfer of real estate.
Conveyance of Real Estate. At the final Closing of this transaction, Seller shall deliver a fully-executed and recordable Executor’s Deed conveying and quit-claiming merchantable title to the Real Estate to Purchaser or to Purchaser's nominee, in exchange for the balance of the Purchase Price due hereunder. Such Deed will be subject to: the year 2021 Real Estate Taxes payable in the year 2022 and all Real Estate Taxes levied and payable thereafter; all Roads and Highways; all Easements, Rights-of-Way, Dedications, Reservations, Restrictions and Covenants affecting the Real Estate which do not unreasonably interfere with Purchaser’s intended use of the Real Estate for farming purposes, if any; Rights-of-Way for Drainage Tiles, Ditches, Feeders and Laterals, if any; Encroachments shown on the Survey Plat of the Real Estate, if any; all applicable Zoning Ordinances and Restrictions; and all acts of Purchaser and Purchaser's Assigns and Successors in title but free and clear of all other encumbrances whatsoever, unless otherwise hereinafter stated. Notwithstanding the forgoing, Purchaser acknowledges that Seller is unable to deliver merchantable title to that part of the Real Estate lying West of the division line fence on the West side of the Real Estate and East of the West line of the Northeast Quarter of said Section One (1) containing 0.9 acre, more or less, as shown on the Survey Plat thereof prepared by Xxxxxxx Land Surveying Co., Ltd., for the reason that Seller is not in possession of such portion of the Real Estate. Purchaser has full knowledge of such encroachment and has entered into this Real Estate Purchase Agreement with such knowledge, waives any title objection thereto and agrees to complete his or her purchase of the Real Estate with such limitation.
Conveyance of Real Estate. The Agency shall convey the Premises to the Developer for a purchase price in the amount of $25,000.00, which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The Parties agree and acknowledge the exact boundaries of the Premises shall be created by administrative lot split with said lot split to provide sufficient real estate for the Project. The Premises shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. Developer shall obtain a title insurance commitment on the Premises. The title insurance commitment will show marketable title to the Premises in Agency and shall agree to insure title in Developer and for the benefit of Developer’s lender, if any, in the amount of the purchase price. The Premises shall be subject to reconveyance to the Agency upon certain events of default as provided in Section 6.02 of this Redevelopment Contract. Developer acknowledges that Developer has examined and inspected the Premises, and that Developer is purchasing the same in an "AS IS" condition, subject to Developer’s own inspection and not by reason of any representation or warranty of Agency, express or implied.
Conveyance of Real Estate. At the Effective Time, Seller will convey each parcel of the Owned Real Estate by Special Warranty Deed, free and clear of all liens and encumbrances except the Permitted Exceptions, and assign to Buyer all of Seller’s leasehold interests under the Branch Leases, free and clear of all liens and encumbrances except the Permitted Exceptions. The Seller shall pay prior to the Effective Time, special assessments for work actually commenced or levied prior to the Effective Time. The Seller shall cause all mortgages and liens to be paid off and released of record as to the Real Estate, except for general taxes for the year of Closing, which shall be prorated.
Conveyance of Real Estate. The Agency will convey up to 40 individual lots of real property from the following described real property: Lots 9, 10, 11, and 13, Block 2, Northwest Third Addition to the City of Lexington, Dawson County, Nebraska; and Lots 5, 6, 7, and 8, Block 3, Northwest Third Addition to the City of Lexington, Dawson County, Nebraska; and Lots 4 and 5, Block 4, Northwest Third Addition to the City of Lexington, Dawson County, Nebraska; and Lots 1, 4, 5, 6, and 7, Block 5, Northwest Third Addition to the City of Lexington, Dawson County, Nebraska; and Lots 1, 2, 3, 4. 5, 6, and 7, Block 6, Northwest Third Addition to the City of Lexington, Dawson County, Nebraska; and Lots 1, 2, 3, 4, 5, 6, 7, and 8, Block 1, Northwest Sixth Addition to the City of Lexington, Dawson County, Nebraska; and Lots 1, 2, 3, 4, 5, 6, and 7, Block 2, Northwest Sixth Addition to the City of Lexington, Dawson County, Nebraska; and Lot 3, Administrative Replat of Lot 1, Block One, Northwest Fourth Addition to the City of Lexington, Dawson County, Nebraska; and Lot 4, Block 3, Xxxxxxx’x First Addition to the City of Lexington, Dawson County, Nebraska; and Lots 5 and 6, Block 1, Parkview Addition to the City of Lexington, Dawson County, Nebraska; and Lots 1, 2, 3, 4, 5, and 6, Block One, X’Xxxxxxx Fourth Addition to the City of Lexington, Dawson County, Nebraska; and Lots 1, 2, 3, 4, and 5, Block Two, X’Xxxxxxx Fourth Addition to the City of Lexington, Dawson County, Nebraska. The lots shall be conveyed to the Developer at no cost but the conveyances are subject to the condition that the Developer shall construct residential homes on said lots and said residential homes shall have a minimum tax accessed value of $225,000.00 per home and a value not to exceed $275,000.00 per home, for the purposes of providing workforce housing to the City. The lots shall not be conveyed to the Developer until the Developer is ready to commence construction. Developer shall notify the Agency at least thirty (30) days in advance of any request for a lot(s) and the Agency shall convey the lot(s) to Developer within said thirty (30) days. The Developer shall complete construction of all forty (40) homes within 24 months of the execution of this agreement. At the conclusion of twenty-four (24) months any unimproved lots in possession of the Developer shall be reconveyed to the Agency. The Developer acknowledges the real property legally described as Lot 3, Administrative Replat of Lot 1, Block One, Northwest Fourth A...
Conveyance of Real Estate. The Agency will convey the following described real property: Xxxx 0-0, Xxxxx 0, Xxxxxxxxx Xxxxx Addition to the City of Lexington, Xxxxxx County, Nebraska. The lots shall be conveyed to the Developer at $3,350.00 per lot but the conveyances are subject to the condition that the Developer shall construct residential homes on said lots and said residential homes shall have an average minimum tax accessed value of $250,000.00 per home, for the purposes of providing workforce housing to the City. The Developer shall complete construction of all homes within 18 months of the execution of this Agreement. The City, Agency, and Developer acknowledge the real property legally described as Xxxx 0-0, Xxxxx 0, Xxxxxxxxx Xxxxx Addition to the City of Lexington, Xxxxxx County, Nebraska have previously been conveyed to the Developer. The Parties hereby ratify and affirm any and all actions of the City, Agency, and Developer in selling said lots to the Developer and hereby agree and acknowledge the terms of this Agreement apply to said lots the same as those lots of which have yet to be conveyed to Developer.
