Common use of Sale and Purchase of Property Clause in Contracts

Sale and Purchase of Property. SELLER agrees to sell and convey to BUYER and BUYER agrees to purchase: (a) All of SELLER's right, title and interest in and to the Real Property, together with all right, title and interest, if any, of SELLER in and to any land lying in the beds of any streets, avenues, alleys or passages, open or proposed, bounding or abutting the Real Property, and drainage rights appurtenant to the Real Property, together with all right, title and interest, if any, of SELLER, in and to any easements, rights of way or passageways appurtenant to or benefiting the Real Property and free of all liens and encumbrances except the Permitted Exceptions, as that term is defined in Paragraph 4 hereof; (b) All articles of personal property of whatsoever nature or sort, if any, which are owned by SELLER and which, as of the date of this Agreement of Sale, are attached or appurtenant to or used in connection with or located in or upon the Real Property, and any additions thereto or replacements thereof which may be made between the date of this Agreement of Sale and the date of Closing hereunder (all of the foregoing being hereinafter collectively referred to as the "Personal Property"), which Personal Property shall be conveyed by SELLER to BUYER at Closing by a quitclaim bill of sale; anx SELLER's interest in the Real Property and the Personal Property are hereinafter sometimes referred to collectively as the "Property".

Sale and Purchase of Property. SELLER agrees to sell and convey to BUYER convex xx XUYER and BUYER agrees to purchase: (a) All of SELLER's right, title and interest in and to the Real Property, together with all right, title and interest, if any, interest of SELLER in and to any land lying in the beds of any streets, avenues, alleys or passages, open or proposed, bounding or abutting the Real Property, and drainage rights appurtenant to the Real Property, together with all right, title and interest, if any, of SELLER, in and to any easements, rights of way or passageways appurtenant to or benefiting the Real Property and free of all liens and encumbrances except the Permitted Exceptions, as that term is defined in Paragraph 4 hereof; (b) All articles of personal property of whatsoever nature or sort, if any, which are owned by SELLER and which, as of the date of this Agreement of Sale, are attached or appurtenant to or used in connection with or located in or upon the Real Property, and any additions thereto or replacements thereof which may be made between the date of this Agreement of Sale and the date of Closing hereunder (all of the foregoing being hereinafter collectively referred to as the "Personal Property"), which Personal Property shall be conveyed by SELLER to BUYER at Closing by a quitclaim quit-claim bill of sale; anx and SELLER's interest in the Mobile Home Inventory shall be transferred by certificates of title to the mobile homes listed on Schedule B-1 attached hereto, if any. SELLER's interest in the Real Property Xxxxxxty and the Personal Property are hereinafter sometimes referred to collectively as the "Property".

Sale and Purchase of Property. SELLER agrees to sell and convey to BUYER and BUYER agrees to purchase: (a) All of SELLER's 'S right, title and interest in and to the Real Property, together with all right, title and interest, if any, interest of SELLER in and to any land lying in the beds of any streets, avenues, alleys or passages, open or proposed, bounding or abutting the Real Property, and drainage rights appurtenant to the Real Property, together with all right, title and interest, if any, of SELLER, in and to any easements, rights of way or passageways appurtenant to or benefiting the Real Property and free of all liens and encumbrances except the Permitted Exceptions, as that term is defined in Paragraph 4 hereof; (b) All articles of personal property of whatsoever nature or sort, if any, which are owned by SELLER and which, as of the date of this Agreement of Sale, are attached or appurtenant to or used exclusively in connection with or located in or upon the Real Property, and any additions thereto or replacements thereof which may be made between the date of this Agreement of Sale and the date of Closing hereunder (all of the foregoing being hereinafter collectively referred to as the "Personal Property"), which Personal Property shall be conveyed by SELLER to BUYER at Closing by a quitclaim quit-claim bill of sale; anx and SELLER's 'S interest in the Real Property and the Personal Property are hereinafter sometimes referred to collectively as the "Property".

Sale and Purchase of Property. SELLER agrees to sell and convey to BUYER and BUYER agrees to purchase: (a) All of SELLER's right, title and interest in and to the Real Property, together with all right, title and interest, if any, interest of SELLER in and to any land lying in the beds of any streets, avenues, alleys or passages, open or proposed, bounding or abutting the Real Property, and drainage rights appurtenant to the Real Property, together with all right, title and interest, if any, of SELLER, in and to any easements, rights of way or passageways appurtenant to or benefiting the Real Property and free of all liens and encumbrances except the Permitted Exceptions, as that term is defined in Paragraph 4 hereof; (b) All articles of personal property of whatsoever nature or sort, if any, which are owned by SELLER and which, as of the date of this Agreement of Sale, are attached or appurtenant to or used in connection with or located in or upon the Real Property, and any additions thereto or replacements thereof which may be made between the date of this Agreement of Sale and the date of Closing hereunder (all of the foregoing being hereinafter collectively referred to as the "Personal Property"), which Personal Property shall be conveyed by SELLER to BUYER at Closing by a quitclaim bill of sale. Pxxxxnal Property shall exclude (i) any items of property owned by the Seller which is unrelated to the operation of the Real Property, but may be stored at the Real Property, and (ii) any records, correspondence and other documents that are in the possession of the accountants and attorneys of SELLER, which are either privileged information or which are duplicates of records maintained by SELLER on site. In addition, while all of the operating records relating to the Real Property shall be included in the Personal Property, the SELLER shall have reasonable access to such records for any purpose, including, but not limited to income taxes, claims by suppliers or others, provided however, BUYER shall not be required to maintain copies of any such records; anx and SELLER's interest in the Real Property and the Personal Property are hereinafter sometimes referred to collectively as the "Property".

Sale and Purchase of Property. SELLER agrees to sell and convey to BUYER and BUYER agrees to purchase: (a) All of SELLER's right, title and interest in and to the Real Property, together with all right, title and interest, if any, interest of SELLER in and to any land lying in the beds of any streets, avenues, alleys or passages, open or proposed, bounding or abutting the Real Property, and drainage rights appurtenant to the Real Property, together with all right, title and interest, if any, of SELLER, in and to any easements, rights of way or passageways appurtenant to or benefiting the Real Property and free of all liens and encumbrances except the Permitted Exceptions, as that term is defined in Paragraph 4 hereof, provided, however, that any title problem with respect to the real property consisting of approximately 21,935 square feet, identified as Parcel 7 on the attached map, Exhibit "G", shall be deemed permitted exceptions and BUYER may elect to take title to Parcel 7 in another entity or to exclude Parcel 7 from the transaction with no adjustment made to the Purchase Price; (b) All articles of personal property of whatsoever nature or sort, if any, which are owned by SELLER and which, as of the date of this Agreement of Sale, are attached or appurtenant to or used in connection with or located in or upon the Real Property, and any additions thereto or replacements thereof which may be made between the date of this Agreement of Sale and the date of Closing hereunder (all of the foregoing being hereinafter collectively referred to as the "Personal Property"), which Personal Property Property, excluding those items described in Exhibit "H" attached hereto and made a part hereof, shall be conveyed by SELLER to BUYER at Closing by a quitclaim quit-claim bill of sale; anx and SELLER's interest in the Real Property and the Personal Property are hereinafter sometimes referred to collectively as the "Property".