HomeMy WebLinkAbout2254 prepared by the Bureau of Labor Statistics of the
United States Department of Labor. Any publication
by either United States Department of Labor or the
United States Department of Commerce in which such
numbers are published shall be admissible in evidence
in any legal or judicial proceedings involving this
lease without further proof of authenticity. In the
event the United States Department of Labor ceases
~
to prepare and publish such retail commodity index ~
information, the most comparable commodity index
shall be used as determined by agreement of the Lessee
and the Lessor, and'in the absence of such agreement,
then as determined by arbitration in accordance with
then existing laws of the American Arbitration
Association.
(c) The purchase transaction resulting from Lessee's_
exercise of the purchase option granted in this Article
shall be closed within sixt ~
y (60) days following the
exercise of the option. At the time of closing, Lessee
shall pay the full purchase price in cash or, at Lessee's
option, Lessee may assume any mortgages then encumbering
the fee simple title and pay the balance of the purchase
price in cash.
(d) Within 30 days following the exercise of the
purchase aption granted in this articZe, Lessor shall ~
furnish Lessee with an up-to-date Abstract of Title showing
Lessor's title to be good and marketable and free and clear
i
of all liens and encumbrances except any mortgage or mortgages ;
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which Lessee has elected to assume as provided above. ;
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(e) At the time of closing of the purchase transaction, ~
Lessor shall convey the property to Lessee by Warranty
Deed, subject only to any mortgage which Lessee has
elected to assume as provided above and subject to
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