Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions": 4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessments, which shall be limited to taxes and assessments not yet due and payable as of the Closing Date; 4.4.2 All Leases; 4.4.3 Applicable zoning and governmental regulations and ordinances; 4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 4 contracts
Samples: Purchase and Sale Contract, Purchase and Sale Contract (Century Properties Fund Xiv), Purchase and Sale Contract (HCW Pension Real Estate Fund LTD Partnership)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 [Intentionally left blank];
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.6 The terms and conditions of this Contract.
Appears in 4 contracts
Samples: Purchase and Sale Contract (VMS National Properties Joint Venture), Purchase and Sale Contract (VMS National Properties Joint Venture), Purchase and Sale Contract (Oxford Residential Properties I LTD Partnership)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 [Intentionally left blank];
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.6 The terms and conditions of this Contract.
Appears in 3 contracts
Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties 3), Purchase and Sale Contract (Consolidated Capital Growth Fund), Purchase and Sale Contract (Consolidated Capital Institutional Properties)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessments, which shall be modified to be limited to taxes and assessments not yet due and payable as of the Closing Date;
4.4.2 All Leases;
4.4.3 Applicable zoning and governmental regulations and ordinances;; and
4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 3 contracts
Samples: Purchase and Sale Contract (Consolidated Capital Properties Iv), Purchase and Sale Contract (Consolidated Capital Properties Iv), Purchase and Sale Contract (Consolidated Capital Properties Iv)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 Applicable zoning and governmental regulations and ordinances;
4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.5 The terms and conditions of this Contract.
Appears in 2 contracts
Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties), Purchase and Sale Contract (Consolidated Capital Growth Fund)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 4.4.1. All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, or the Title Company has otherwise agreed to remove such Objection from the Title Policy (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessments, which shall be limited to taxes and assessments not yet due and payable as of the Closing Date;
4.4.2 4.4.2. All Leases;
4.4.3 4.4.3. Applicable zoning and governmental regulations and ordinances;; and
4.4.4 4.4.4. Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 2 contracts
Samples: Purchase and Sale Contract (Century Properties Growth Fund Xxii), Purchase and Sale Contract (Century Properties Fund Xix)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 4.4.1. All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 4.4.2. All Leases;
4.4.3 4.4.3. Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.4. Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.5. The terms and conditions of this Contract.
Appears in 2 contracts
Samples: Purchase and Sale Contract (Davidson Income Real Estate Lp), Purchase and Sale Contract (Davidson Growth Plus Lp)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 4.4.1. All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 4.4.2. All Leases;
4.4.3 4.4.3. Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.4. Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.5. The terms and conditions of this Contract.
Appears in 2 contracts
Samples: Purchase and Sale Contract (Century Properties Fund Xix), Purchase and Sale Contract (Consolidated Capital Institutional Properties 2)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“ Permitted Exceptions"”:
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 The Assumed Encumbrances;
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.6 The terms and conditions of this Contract.
Appears in 1 contract
Samples: Purchase and Sale Contract (National Property Investors 8 /Ca/)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 All Subject to Purchaser’s objection and termination rights set forth in Section 4.3, all matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessments, which shall be limited to taxes and assessments not yet due and payable as of the Closing Date;
4.4.2 All Leases;
4.4.3 Applicable zoning and governmental regulations and ordinances;
4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 1 contract
Samples: Purchase and Sale Contract (National Property Investors 6)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 The Assumed Encumbrances;
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.6 The terms and conditions of this Contract.
Appears in 1 contract
Samples: Purchase and Sale Contract (Davidson Growth Plus Lp)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs (which shall be prorated as provided in Section 5.4.4) and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 Applicable zoning and governmental regulations and ordinances;; and
4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 1 contract
Samples: Purchase and Sale Contract (Davidson Growth Plus Lp)
Permitted Exceptions. The Deed for each Property delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the SurveySurvey for such Property, other than (a) those Objections, if any, which the applicable Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, possession which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessments, which shall be limited to non-delinquent taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All LeasesLeases for such Property;
4.4.3 [Intentionally Omitted.]
4.4.4 Applicable zoning and governmental regulations and ordinances;; and
4.4.4 4.4.5 Any defects in or objections to title to the such Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 1 contract
Samples: Purchase and Sale Contract (Davidson Diversified Real Estate Ii Limited Partnership)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and liens, (c) taxes due and payable with respect to the period preceding Closing, (cd) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (de) the standard exception pertaining to taxes and assessments, which shall be limited to taxes and assessments not yet due and payable as of the Closing Date;
4.4.2 All Leases;
4.4.3 Applicable zoning and governmental regulations and ordinances;
4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 1 contract
Samples: Purchase and Sale Contract (HCW Pension Real Estate Fund LTD Partnership)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":: 4.
4.4.1 4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens not created by or under Purchaser and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, possession which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessments, which shall be limited to taxes and assessments not yet due and payable as of for the year in which the Closing Date;occurs and subsequent taxes and assessments; 4.
4.4.2 All 4.2 The rights of tenants in possession, as tenants only, under the Leases;; 4.
4.4.3 4.3 The Telecommunications Easements; 4.
4.4 The Master Declaration and the Village Declarations; 4.
4.5 Applicable zoning and governmental regulations and ordinances;
4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.; 4
Appears in 1 contract
Samples: Purchase and Sale Contract (Wellsford Real Properties Inc)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 4.4.1. All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.34.3 (or is otherwise required to cure pursuant to the terms hereof), (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) all standard exceptions, including, without limitation, the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the LeasesLeases as tenants only and without options to purchase, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 4.4.2. All Leases;
4.4.3 4.4.3. Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.4. Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.5. The terms and conditions of this Contract.
Appears in 1 contract
Samples: Purchase and Sale Contract (Century Properties Fund Xiv)
Permitted Exceptions. The Deed delivered pursuant to this Contract Agreement shall be subject to the following, all of which shall be deemed "“Permitted Exceptions"”:
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and ’ liens, (c) taxes due and payable with respect prior to the period preceding Closing, (cd) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (de) the standard exception pertaining to taxes and assessments, which shall be limited to taxes and assessments payable in the year in which the Closing occurs but which are not yet due and payable as of the Closing Dateand taxes and assessments for subsequent years;
4.4.2 All Leases;
4.4.3 Applicable zoning and governmental regulations and ordinances;
4.4.4 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.5 Any Objections set forth in the Objection Notice except to the extent Seller has agreed to cure such Objections in the Response Notice.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Cohen & Steers Income Opportunities REIT, Inc.)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 The Assumed Encumbrances;
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.6 The terms and conditions of this Contract.
Appears in 1 contract
Samples: Purchase and Sale Contract (Davidson Growth Plus Lp)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "" Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments payable in the year in which the Closing occurs and subsequent taxes and assessments, not yet due and payable as of the Closing Datepayable;
4.4.2 All Leases;
4.4.3 The Assumed Encumbrance;
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.6 The terms and conditions of this Contract.
Appears in 1 contract
Samples: Purchase and Sale Contract (Angeles Income Properties LTD Ii)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 The Assumed Encumbrances;
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser;
4.4.6 The XXXX; and
4.4.7 The terms and conditions of this Contract.
Appears in 1 contract
Samples: Purchase and Sale Contract (Davidson Diversified Real Estate Ii Limited Partnership)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "“ Permitted Exceptions"”:
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure (or otherwise resolve) pursuant to the Response Notice under Section 4.3, (b) mechanics' ’ liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessmentstaxes, which shall be limited to taxes and assessments not yet due and payable as of in the year in which the Closing Dateoccurs and subsequent taxes and assessments;
4.4.2 All Leases;
4.4.3 [Intentionally left blank];
4.4.4 Applicable zoning and governmental regulations and ordinances;
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser; and
4.4.6 The terms and conditions of this Contract.
Appears in 1 contract
Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties 3)
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
4.4.1 All matters shown in the Title Documents and the Survey, other than (a) those Objections, if any, which Seller has agreed to cure pursuant to the Response Notice under Section 4.3, (b) mechanics' liens and taxes due and payable with respect to the period preceding Closing, (c) the standard exception regarding the rights of parties in possession, which shall be modified to be limited to those parties in possession pursuant to the Leases, and (d) the standard exception pertaining to taxes and assessments, which shall be limited to taxes and assessments not yet due and payable as of the Closing Date;
4.4.2 All Leases;
4.4.3 The Assumed Encumbrances;
4.4.4 Applicable zoning and governmental regulations and ordinances;; and
4.4.4 4.4.5 Any defects in or objections to title to the Property, or title exceptions or encumbrances, arising by, through or under Purchaser.
Appears in 1 contract
Samples: Purchase and Sale Contract (Century Properties Fund Xvii)