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HomeMy WebLinkAboutShady Acres PSARE A L ES T A T E PU R C H A S E AN D SA L E AG R E E M E N T TH I S RE A L ES T A T E PU R C H A S E AN D SA L E AG R E E M E N T is ma d e an d en t e r e d in t o th i s dÀ y of Ñ Ÿ i \ , 20 1 6 , by an d be t w e e n JE R O L D D. BA R T O N an d DI A N E M. BA R T O N , hu s b a n d an d wi f e (h e r e i n a f t e r re f e r r e d to as "S e l l e r " ) , an d KI T T I T A S CO U N T Y , a po l i t i c a l su b d i v i s i o n of th e St a t e of Wa s h i n g t o n (h e r e i n a f t e r re f e r r e d to as "P u r c h a s e r " ) . A. WH E R E A S , Se l l e r is th e ow n e r of th a t ce r t a i n re a l pr o p e r t y an d mo b i l e ho m e pa r k lo c a t e d in Ki t t i t a s Co u n t y an d le g a l l y de s c r i b e d as fo l l o w s : Lo t s 4- 1 6 , Bl o c k 78 , SH O U D Y ' S SE C O N D AD D I T I O N TO EL L E N S B U R G , as pe r pl a t th e r e o f re c o r d e d in Bo o k 1 of Pl a t s , pa g e I1 , re c o r d s of sa i d Co u n t y , to g e t h e r wi t h po r t i o n s of va c a t e d 96 St r e e t ; Lo t s 1, 2 , 3 , 4 , 5 , 6 , 7 , 8 , Bl o c k 81 , SH O U D Y ' S SE C O N D AD D I T I O N TO EL L E N S B U R G , as pe r pl a t th e r e o f re c o r d e d in Bo o k 1 of Pl a t s , pa g e 11 , re c o r d s of sa i d Co u n t y , to g e t h e r wi t h po r t i o n s of va c a t e d Wi l l o w St r e e t ; A FU L L LE G A L DE S C R I P T I O N OF TH E RE A L PR O P E R T Y WI L L BE PR O V I D E D PR I O R TO CL O S I N G TO G E T H E R WI T H an d SU B J E C T TO TH E FO L L O W I N G : Se l l e r ' s Le a s e wi t h Fi r s t & La s t Ch a n c e , LL C ; Se l l e r ' s Le a s e wi t h Ge o r g e Be n d e r ; An y an d al l mo b i l e ho m e s lo c a t e d on , in or ab o u t th e Pr o p e r t y an d an y an d al l le a s e s fo r sa i d mo b i l e ho m e s or le a s e s of sp a c e fo r th e pl a c e m e n t of a th i r d pa r t y - o w n e d mo b i l e ho m e , to g e t h e r wi t h Se l l e r ' s Le a s e s of th o s e mo b i l e ho m e s , al l of wh i c h sh a l l be as s i g n e d by Se l l e r to Pu r c h a s e r in th a t ce r t a i n As s i g n m e n t an d As s u m p t i o n of Le a s e s an d Mo b i l e Ho m e s at t a c h e d he r e t o an d in c o r p o r a t e d he r e i n by re f e r e n c e as Ex h i b i t A. (h e r e i n a f t e r re f e r r e d to as "P r o p e r t y " ) B. WH E R E A S , Se l l e r de s i r e s to se l l an d Pu r c h a s e r de s i r e s to pu r c h a s e th e Pr o p e r t y al l as is he r e i n a f t e r se t fo r t h ; NO W , TH E R E F O R E , in co n s i d e r a t i o n of t h e fo r e g o i n g , pa y m e n t of t h e pu r c h a s e pr i c e an d th e mu t u a l co v e n a n t s he r e i n a f t e r se t fo r t h , th e pa r t i e s he r e b y ag r e e as fo l l o w s : 1. DE F I N I T I O N S . Th e fo l l o w i n g te r m s sh a l l ha v e th e me a n i n g s as s i g n e d . De f i n i t i o n s of ce r t a i n ot h e r ca p i t a l i z e d te r m s ar e se t fo r t h el s e w h e r e in th i s Ag r e e m e n t . 1. 1 . "A c c e p t a n c e " or "M u t u a l Ac c e p t a n c e " me a n s th e da t e on wh i c h th e Pu r c h a s e r si g n s th i s Ag r e e m e n t at Pa g e 9. 1. 2 . "E n v i r o n m e n t a l La w s " me a n s an y an d al l st a t e , fe d e r a l an d lo c a l st a t u t e s , re g u l a t i o n s , an d or d i n a n c e s to wh i c h th e Pr o p e r t y is su b j e c t an d re l a t i n g to th e pr o t e c t i o n of hu m a n he a l t h an d th e en v i r o n m e n t , as we l l as an y ju d g m e n t s , or d e r s , in j u n c t i o n s , aw a r d s , de c r e e s , co v e n a n t s , co n d i t i o n s , or ot h e r re s t r i c t i o n s or st a n d a r d s re l a t i n g to sa m e . Je f f Sl o t h o w e r La t h r o p , Wi n b a u e r , Ha r r e l , Sl o t h o w e r & De n i s o n L. L . P . At t o r n e y s at La w PO Bo x 10 8 8 / 2 0 1 We s t ? Av e n u e IN I T I A L S : El l e n s b u r g , WA 98 9 2 6 Se l l e . , /D a t e : | Di r e c t Fa x No . (5 0 9 ) 34 3 - 3 2 0 6 Pu r c h a s e r : /D a t e : I M Se l l e r : ( /D a t e : 7 / 7 - Te l (5 0 9 ) 92 5 - 6 9 1 6 1. 3 . "H a z a r d o u s Su b s t a n c e s " me a n s al l ha z a r d o u s an d to x i c su b s t a n c e s , wa s t e s , or ma t e r i a l s , in c l u d i n g wi t h o u t li m i t a t i o n al l su b s t a n c e s , wa s t e s , an d ma t e r i a l s co n t a i n i n g ei t h e r pe t r o l e u m , in c l u d i n g cr u d e oi l or an y fr a c t i o n th e r e o f , or an y of th e su b s t a n c e s re f e r e n c e d in Se c t i o n 10 1 ( 1 4 ) of th e Co m p r e h e n s i v e En v i r o n m e n t a l Re s p o n s e , Co m p e n s a t i o n an d Li a b i l i t y Ac t , 42 U. S . C . Se c t i o n 96 0 l( 1 4 ) , an d si m i l a r or co m p a r a b l e st a t e or lo c a l la w s . 1. 4 . "P r o v e r t v " me a n s th e re a l pr o p e r t y lo c a t e d in Ki t t i t a s Co u n t y , St a t e of Wa s h i n g t o n de p i c t e d in Re c i t a l A ab o v e , wh i c h is mo r e co m m o n l y re f e r r e d to as Ki t t i t a s Co u n t y Ta x Pa r c e l No s . 40 3 8 3 4 , 41 3 8 3 4 , 67 3 8 3 4 , 42 3 8 3 4 , 36 3 8 3 4 , to g e t h e r wi t h al l ri g h t s an d ap p u r t e n a n c e s be l o n g i n g th e r e t o or in an y wa y ap p e r t a i n i n g th e r e t o an d al l ri g h t , ti t l e an d in t e r e s t of Se l l e r in an d to an y an d al l ro a d s , st r e e t s , al l e y s an d ri g h t s of wa y , bo u n d i n g su c h pr o p e r t y . 1. 5 . "S e l l e r " me a n s Je r o l d D. Ba r t o n an d Di a n e M. Ba r t o n , hu s b a n d an d wi f e . 1. 6 . "P u r c h a s e r " me a n s Ki t t i t a s Co u n t y , ap o l i t i c a l su b d i v i s i o n of t h e St a t e of Wa s h i n g t o n . 1. 7 . "T i t l e Co m p a n y " me a n s : Am e r i T i t l e P. O . Bo x 61 7 El l e n s b u r g , WA 98 9 2 6 (5 0 9 ) 92 5 - 1 4 7 7 2. Pu r c h a s e Pr i c e : Se l l e r ag r e e s to se l l an d Pu r c h a s e r ag r e e s to pu r c h a s e th e Pr o p e r t y fo r a to t a l pu r c h a s e pr i c e of $1 , 4 5 0 , 0 0 0 . 0 0 pa y a b l e at cl o s i n g , in c l u d i n g ea r n e s t mo n e y . 3. Ea r n e s t Mo n e y : Pu r c h a s e r he r e b y de p o s i t s , an d re c e i p t is he r e b y ac k n o w l e d g e d of $1 0 , 0 0 0 . 0 0 pa i d or de l i v e r e d as ea r n e s t mo n e y in pa r t pa y m e n t of th e pu r c h a s e pr i c e fo r th e Pr o p e r t y de s c r i b e d ab o v e in Re c i t a l A. Ea r n e s t Mo n e y an d th i s Ag r e e m e n t sh a l l be he l d by Am e r i T i t l e fo r th e be n e f i t of th e pa r t i e s he r e t o . 4. Co n t i n g e n c i e s : Pu r c h a s e r ' s ob l i g a t i o n s to pu r c h a s e th e Pr o p e r t y is sp e c i f i c a l l y su b j e c t to an d co n t i n g e n t up o n th e fo l l o w i n g te r m s an d co n d i t i o n s : 4. 1 . Th e ad o p t i o n of a re s o l u t i o n by th e Ki t t i t a s Co u n t y Bo a r d of Co u n t y Co m m i s s i o n e r s au t h o r i z i n g Pu r c h a s e r to fu n d th e pu r c h a s e of th e Pr o p e r t y an d to pu r c h a s e th e Pr o p e r t y . 4. 2 . Wi t h i n 90 da y s of ac c e p t a n c e , Pu r c h a s e r ' s in s p e c t i o n an d ap p r o v a l , in Pu r c h a s e r ' s so l e an d ab s o l u t e di s c r e t i o n , of th e ph y s i c a l co n d i t i o n of th e Pr o p e r t y (t h e "P r o p e r t y In s p e c t i o n " ) , in c l u d i n g , wi t h o u t li m i t a t i o n , th e co n d u c t i n g of so i l te s t s (i n c l u d i n g bo r i n g s ) , to x i c an d ha z a r d o u s wa s t e st u d i e s , su r v e y s , en g i n e e r i n g , hi s t o r i c a l us e an d st r u c t u r a l st u d i e s . An y co s t s as s o c i a t e d wi t h sa i d in s p e c t i o n sh a l l be pa i d by Pu r c h a s e r . In th e ev e n t Pu r c h a s e r s di s a p p r o v e of sa i d in s p e c t i o n , th e n th i s Ag r e e m e n t sh a l l te r m i n a t e an d th e ea r n e s t mo n e y sh a l l be re f u n d e d to Pu r c h a s e r . 4. 3 . Se l l e r sh a l l pr o v i d e a co p y of th e ti t l e to ev e r y mo b i l e ho m e ow n e d by Se l l e r on th e Pr o p e r t y pr i o r to cl o s i n g ; an d 4. 4 . Se l l e r sh a l l , pr i o r to cl o s i n g , tr a n s f e r to th e Co u n t y al l re n t a l , le a s e an d da m a g e de p o s i t s he l d by th e Se l l e r , al o n g wi t h a de t a i l e d li s t i n g of wh i c h mo n e y s ar e re l a t e d to wh i c h te n a n t s , an d fo r wh a t pu r p o s e ; an d 4. 5 . Se l l e r sh a l l pr o v i d e , pr i o r to cl o s i n g , a co m p r e h e n s i v e li s t of te n a n t s on mo n t h - t o - mo n t h re n t a l ag r e e m e n t s as we l l as th o s e on le a s e s , as we l l as co p i e s of th o s e le a s e ag r e e m e n t s ; an d Pa g e 2 of 13 4. 6 . Un l e s s ot h e r w i s e pr o v i d e d he r e i n , al l co n t i n g e n c i e s an d co n d i t i o n s re q u i r e no t i c e in wr i t i n g of ac c e p t a n c e , no n - a c c e p t a n c e , or wa i v e r wi t h i n th e ti m e li m i t s sp e c i f i e d he r e i n . In ca s e s wh e r e a pa r t i e s ' fa i l u r e to pr o v i d e ef f e c t i v e no t i c e of ac c e p t a n c e , no n - a c c e p t a n c e or wa i v e r ca u s e s th i s Ag r e e m e n t to be te r m i n a b l e by th e ot h e r pa r t y , sa i d te r m i n a t i o n sh a l l be ef f e c t i v e on fi v e (5 ) bu s i n e s s da y s ' no t i c e by th e te r m i n a t i n g pa r t y to th e ot h e r pa r t y of th e in t e n t to te r m i n a t e . No t h i n g in th i s Pa r a g r a p h sh a l l ex p a n d or al t e r a pa r t i e s ' ri g h t to te r m i n a t e or th e ot h e r pa r t y ' s re m e d i e s fo r wr o n g f u l te r m i n a t i o n or fa i l u r e to cl o s e . 5. _T i t l e . 5. 1 . Ti t l e In s u r a n c e . Ti t l e in s u r a n c e sh a l l be is s u e d by Am e r i T i t l e . Se l l e r sh a l l pa y th e co s t of St a n d a r d Fo r m Ti t l e In s u r a n c e . Wi t h i n fi v e (5 ) da y s of mu t u a l ac c e p t a n c e of th i s Ag r e e m e n t , Se l l e r sh a l l ar r a n g e fo r th e Cl o s i n g Ag e n t at Se l l e r ' s ex p e n s e , to ap p l y fo r a pr e l i m i n a r y co m m i t m e n t (" C o m m i t m e n t " ) fo r an AL T A fo r m Ow n e r ' s Po l i c y fo r ti t l e in s u r a n c e (" P o l i c y " ) de s c r i b e d in su b p a r a g r a p h (a ) ab o v e wi t h in f l a t i o n pr o t e c t i o n , en d o r s e m e n t s , if av a i l a b l e at no ad d i t i o n a l ch a r g e , to be is s u e d by th e ab o v e ti t l e co m p a n y . 5. 2 . Ti t l e In s u r a n c e Ex c e p t i o n s / E x c l u s i o n s . Se l l e r ' s ti t l e to th e Pr o p e r t y is to be fr e e an d cl e a r of al l li e n s , en c u m b r a n c e s or de f e c t s ex c e p t fo r th o s e re s e r v a t i o n s , re s t r i c t i o n s , co v e n a n t s , ea s e m e n t s , an d ri g h t s of wa y ap p a r e n t an d / o r of re c o r d wh i c h ar e ac c e p t a b l e to Pu r c h a s e r . Ri g h t s re s e r v e d in fe d e r a l pa t e n t s or st a t e de e d s , bu i l d i n g or us e re s t r i c t i o n s ge n e r a l to th e di s t r i c t , ex i s t i n g ea s e m e n t s no t in c o n s i s t e n t wi t h Pu r c h a s e r ' s in t e n d e d us e , an d bu i l d i n g or zo n i n g re g u l a t i o n s or pr o v i s i o n s , an d th e wa t e r ri g h t s li t i g a t i o n pr e s e n t l y pe n d i n g un d e r St a t e of Wa s h i n g t o n , De p a r t m e n t of Ec o l o g y v. Ja m e s J. Ac q u a v e l l a , et al . , Ya k i m a Co u n t y Su p e r i o r Co u r t Ca u s e No . 77 - 2 - 0 1 4 8 4 - 5 , sh a l l no t be de e m e d en c u m b r a n c e s or de f e c t s . En c u m b r a n c e s to be di s c h a r g e d by Se l l e r ma y be pa i d ou t of pu r c h a s e mo n e y at da t e of cl o s i n g . If ti t l e ca n n o t be ma d e so in s u r a b l e by Cl o s i n g , an d if Pu r c h a s e r do e s no t el e c t to wa i v e an y ex c e p t i o n s to th e co v e r a g e wh i c h ar e no t co n s i s t e n t wi t h th i s su b p a r a g r a p h , th i s Ag r e e m e n t sh a l l te r m i n a t e an d Pu r c h a s e r ' s ea r n e s t mo n e y sh a l l be re f u n d e d , at Pu r c h a s e r ' s op t i o n . 5. 3 . Ex t e n d e d Ti t l e In s u r a n c e . Pu r c h a s e r ac k n o w l e d g e s th a t co v e r a g e af f o r d e d by St a n d a r d Fo r m Po l i c y of Ti t l e In s u r a n c e pr o v i d e s li m i t e d or no co v e r a g e fo r lo s s by re a s o n of co n f l i c t s in bo u n d a r y li n e s , sh o r t a g e in ar e a , en c r o a c h m e n t s or ot h e r ma t t e r s wh i c h an ac c u r a t e su r v e y wo u l d di s c l o s e . Mo r e ex t e n s i v e co v e r a g e th r o u g h an ex t e n d e d po l i c y of ti t l e in s u r a n c e ma y be av a i l a b l e fo r an ad d i t i o n a l ch a r g e an d su b j e c t to ad d i t i o n a l re q u i r e m e n t s im p o s e d by th e ti t l e co m p a n y in c l u d i n g a su r v e y . If Pu r c h a s e r re q u i r e s or de s i r e s ex t e n d e d ti t l e in s u r a n c e , Pu r c h a s e r ag r e e s to pa y al l co s t s in ex c e s s of th o s e ch a r g e d fo r th e St a n d a r d Fo r m Ti t l e In s u r a n c e , in c l u d i n g , wi t h o u t li m i t a t i o n , in c r e a s e d pr e m i u m s an d su r v e y co s t s . If a su r v e y is re q u i r e d , Pu r c h a s e r sh a l l or d e r su r v e y wi t h i n fi v e (5 ) bu s i n e s s da y s of re c e i v i n g no t i c e fr o m th e ti t l e co m p a n y th a t a su r v e y is re q u i r e d an d th e Pu r c h a s e r sh a l l pa y th e es t i m a t e d co s t of th e su r v e y pr i o r to pe r f o r m a n c e of an y su r v e y wo r k or Pu r c h a s e r ca n wa i v e re q u i r e m e n t fo r an ex t e n d e d po l i c y an d ac c e p t St a n d a r d Ti t l e In s u r a n c e . 6. De f a u l t : If ei t h e r pa r t y de f a u l t s (t h a t is fa i l s to pe r f o r m th e ac t s re q u i r e d of hi m ) in hi s co n t r a c t u a l pe r f o r m a n c e he r e i n , th e no n - d e f a u l t i n g pa r t y ma y se e k sp e c i f i c pe r f o r m a n c e pu r s u a n t to th e te r m s of th i s Ag r e e m e n t , da m a g e s or re s c i s s i o n . If th e no n - d e f a u l t i n g pa r t y se e k i n g da m a g e s or re s c i s s i o n is Pu r c h a s e r , th e ea r n e s t mo n e y , up o n de m a n d , sh a l l be re f u n d e d . If th e no n - d e f a u l t i n g pa r t y se e k i n g da m a g e s or re s c i s s i o n is Se l l e r , th e ea r n e s t mo n e y , up o n de m a n d , sh a l l be fo r f e i t e d an d pa i d to Se l l e r le s s al l ch a r g e s pr o v i d e d fo r he r e i n . In th e ev e n t th e Pu r c h a s e r fa i l s , wi t h o u t le g a l ex c u s e , to co m p l e t e th e pu r c h a s e of th e Pr o p e r t y , th e ea r n e s t mo n e y de p o s i t ma d e by th e Pu r c h a s e r sh a l l be fo r f e i t e d to th e Se l l e r as th e so l e an d ex c l u s i v e re m e d y av a i l a b l e to th e Se l l e r fo r su c h fa i l u r e . In i t i a l s of : Se l l e r : / Pu r c h a s e r : Pa g e 3 of 13 7. Cl o s i n g : 7. 1 . Da t e of Cl o s i n g : Fo r pu r p o s e s of th i s Ag r e e m e n t , "d a t e of cl o s i n g " sh a l l be co n s t r u c t e d as th e da t e up o n wh i c h al l ap p r o p r i a t e do c u m e n t s ar e re c o r d e d an d pr o c e e d s of th i s sa l e ar e av a i l a b l e fo r di s b u r s e m e n t to Se l l e r . Fu n d s he l d in re s e r v e ac c o u n t s pu r s u a n t to es c r o w in s t r u c t i o n s sh a l l be de e m e d , fo r pu r p o s e s of th i s de f i n i t i o n , as av a i l a b l e fo r di s b u r s e m e n t to Se l l e r . 7. 2 . Pl a c e an d Ti m e of Cl o s i n g : Th e sa l e sh a l l be cl o s e d in th e of f i c e s of Am e r i T i t l e (h e r e i n a f t e r th e "C l o s i n g Ag e n t " ) , wi t h i n 30 da y s af t e r th e wa i v e r of or sa t i s f a c t i o n of co n t i n g e n c i e s se t fo r t h in Se c t i o n 4, bu t in an y ev e n t no t la t e r th a n Au g u s t 1, 20 1 6 , wh i c h sh a l l be th e Te r m i n a t i o n Da t e . 7. 3 . Pr o r a t i o n s at Cl o s i n g : Al l ta x e s fo r th e cu r r e n t ye a r , re n t s , in s u r a n c e , in t e r e s t , mo r t g a g e re s e r v e s , wa t e r an d ot h e r ut i l i t i e s (a n d ot h e r su c h am o u n t s ) sh a l l be pr o r a t e d as of th e da t e of cl o s i n g . Ir r i g a t i o n as s e s s m e n t s , if an y , sh a l l be pr o r a t e d on th e ba s i s of a 30 - d a y mo n t h , 18 3 da y ir r i g a t i o n se a s o n (A p r i l 15 to Oc t o b e r 15 ) . 7. 4 . Se l l e r ' s an d Pu r c h a s e r ' s De l i v e r i e s at Cl o s i n g : At Cl o s i n g , Se l l e r sh a l l de l i v e r (o r ca u s e to be de l i v e r e d ) to Pu r c h a s e r th e fo l l o w i n g : 7. 4 . 1 . De e d : A du l y - e x e c u t e d an d ac k n o w l e d g e d St a t u t o r y Wa r r a n t y De e d co n v e y i n g to Pu r c h a s e r ma r k e t a b l e fe e si m p l e ti t l e to th e Pr o p e r t y (t h e "D e e d " ) fr e e of al l li e n s an d en c u m b r a n c e s an d de f e c t s in ti t l e ot h e r th a n th o s e no t ob j e c t e d to (o r wa i v e d ) by Se l l e r as pr o v i d e d fo r he r e i n . Th e De e d wi l l be in a fo r m pr e p a r e d by Se l l e r , su b j e c t to th e re a s o n a b l e ap p r o v a l of Pu r c h a s e r . 7. 4 . 2 . As s i g n m e n t an d As s u m p t i o n of Le a s e s : A du l y - e x e c u t e d an d ac k n o w l e d g e d As s i g n m e n t an d As s u m p t i o n of Le a s e s as s i g n i n g Le a s e s an d mo b i l e ho m e s fr o m Se l l e r to Pu r c h a s e r in th e fo r m se t fo r t h on Ex h i b i t A. 7. 4 . 3 . Cl o s i n g St a t e m e n t : Th e cl o s i n g st a t e m e n t , pr e p a r e d by th e Ti t l e Co m p a n y , re f l e c t i n g th e fi n a n c i a l te r m s of th e tr a n s a c t i o n co n t e m p l a t e d by th i s Ag r e e m e n t (t h e "C l o s i n g St a t e m e n t " ) ex e c u t e d by Se l l e r . 7. 4 . 4 . Fu r t h e r In s t r u m e n t s : An y an d al l fu r t h e r in s t r u m e n t s wh i c h Pu r c h a s e r or th e Ti t l e Co m p a n y sh a l l re q u e s t of Se l l e r in or d e r to me e t re q u i r e m e n t s of th e Co m m i t m e n t or to ot h e r w i s e ef f e c t th e co n v e y a n c e of th e Pr o p e r t y as co n t e m p l a t e d in th i s Ag r e e m e n t . 7. 4 . 5 . At Cl o s i n g , Pu r c h a s e r sh a l l de l i v e r to Se l l e r (i ) th e re m a i n d e r of t h e Pu r c h a s e pr i c e , su b j e c t to pr o r a t i o n an d ad j u s t m e n t , as pr o v i d e d he r e i n ; (i i ) th e Cl o s i n g St a t e m e n t , ex e c u t e d by Pu r c h a s e r ; an d (i i i ) an y an d al l fu r t h e r in s t r u m e n t s wh i c h Se l l e r or th e Ti t l e Co m p a n y sh a l l re q u e s t of Pu r c h a s e r in or d e r to me e t re q u i r e m e n t s of th e Co m m i t m e n t or to ot h e r w i s e ef f e c t th e co n v e y a n c e of th e Pr o p e r t y as co n t e m p l a t e d in th i s Ag r e e m e n t . 7. 5 . Cl o s i n g Co s t s . Th e Cl o s i n g co s t s of th i s tr a n s a c t i o n sh a l l be al l o c a t e d as fo l l o w s : PU R C H A S E R CO S T OR EX P E N S E SE L L E R Se l l e r ' s at t o r n e y ' s fe e s , if an y X X Pu r c h a s e r ' s at t o r n e y ' s fe e s , if an y Pr e m i u m du e fo r St a n d a r d Po l i c y of Ti t l e In s u r a n c e X X Pr e m i u m du e fo r Ex t e n d e d Po l i c y of Ti t l e In s u r a n c e Pa g e 4 of 13 IN I T I A L S : Se l l e /D a t e : Pu r c h a s e r /D a t e : W l 9 /Ú ' Se n e r /D a t e : - PU R C H A S E R 1 CO S T OR EX P E N S E SE L L E R X Su r v e y , if re q u i r e d Re a l Es t a t e Ex c i s e Ta x X Re c o r d i n g fe e s to cl e a r / un - e n c u m b e r ti t l e X X Re c o r d i n g fe e s fo r de e d ½ Ti t l e Co m p a n y cl o s i n g or es c r o w ch a r g e s ½ 7. 6 . Po s t - C l o s i n g Ad j u s t m e n t s . Co l l e c t i o n s An d Pa v m e n t s : Af t e r Cl o s i n g , Pu r c h a s e r an d Se l l e r sh a l l re c o n c i l e th e ac t u a l am o u n t of th e re v e n u e s or li a b i l i t i e s up o n re c e i p t or pa y m e n t th e r e o f to th e ex t e n t th o s e it e m s we r e pr o r a t e d or cr e d i t e d at Cl o s i n g ba s e d up o n es t i m a t e s . An y bi l l s or in v o i c e s re c e i v e d by Pu r c h a s e r af t e r Cl o s i n g wh i c h re l a t e to th e se r v i c e s re n d e r e d or go o d s de l i v e r e d to th e Se l l e r or Pr o p e r t y pr i o r to Cl o s i n g sh a l l be pa i d by Se l l e r up o n pr e s e n t a t i o n of su c h bi l l or in v o i c e . At Pu r c h a s e r ' s op t i o n , Pu r c h a s e r ma y pa y su c h bi l l or in v o i c e an d be re i m b u r s e d th e am o u n t pa i d pl u s in t e r e s t at th e ra t e of tw e l v e pe r c e n t (1 2 % ) pe r an n u m be g i n n i n g fi f t e e n (1 5 ) da y s fr o m th e da t e of Pu r c h a s e r ' s wr i t t e n de m a n d to Se l l e r fo r re i m b u r s e m e n t un t i l su c h re i m b u r s e m e n t is ma d e . No t w i t h s t a n d i n g th e fo r e g o i n g , if Te n a n t s pa y ce r t a i n ex p e n s e s ba s e d up o n es t i m a t e s su b j e c t to a po s t - c l o s i n g re c o n c i l i a t i o n to th e ac t u a l am o u n t of fe e s an d ex p e n s e s , th e n Pu r c h a s e r sh a l l be en t i t l e d to an y su r p l u s an d sh a l l be li a b l e fo r an y cr e d i t re s u l t i n g fr o m th e re c o n c i l i a t i o n . Re n t s co l l e c t e d fr o m ea c h Te n a n t af t e r Cl o s i n g sh a l l be ap p l i e d fi r s t to re n t a l s du e mo s t re c e n t l y fr o m su c h Te n a n t fo r th e pe r i o d af t e r Cl o s i n g , an d th e ba l a n c e sh a l l be ap p l i e d fo r th e be n e f i t s of Se l l e r fo r de l i n q u e n t re n t a l s ow e d fo r a pe r i o d pr i o r to Cl o s i n g . Th e am o u n t s ap p l i e d fo r th e be n e f i t of Se l l e r sh a l l be tu r n e d ov e r by Pu r c h a s e r to Se l l e r pr o m p t l y af t e r re c e i p t . Se l l e r sh a l l be en t i t l e d to pu r s u e an y la w f u l me t h o d s of co l l e c t i o n of de l i n q u e n t re n t s , bu t sh a l l ha v e no ri g h t to ev i c t Te n a n t s af t e r Cl o s i n g . 8. Fo r m of Co n v e y a n c e : Ti t l e sh a l l be co n v e y e d by St a t u t o r y Wa r r a n t y De e d fr e e of en c u m b r a n c e s or de f e c t s ex c e p t th o s e ot h e r w i s e no t e d he r e i n . Th e St a t u t o r y Wa r r a n t y De e d sh a l l be pr e p a r e d by Je f f Sl o t h o w e r , At t o r n e y at La w . 9. Po s s e s s i o n : Se l l e r sh a l l de l i v e r po s s e s s i o n of th e Pr o p e r t y to Pu r c h a s e r at Cl o s i n g . 10 . Se l l e r ' s Re o r e s e n t a t i o n s , Wa r r a n t i e s an d Co v e n a n t s : 10 . 1 . Se l l e r re p r e s e n t s an d wa r r a n t s to Pu r c h a s e r on th e Ef f e c t i v e Da t e an d on th e Cl o s i n g Da t e th a t : 10 . 1 . 1 . th e r e is no li t i g a t i o n pe n d i n g or th r e a t e n e d ag a i n s t Se l l e r or th e Pr o p e r t y th a t wi l l be bi n d i n g on th e Pu r c h a s e r or mi g h t de t r i m e n t a l l y af f e c t th e us e or op e r a t i o n of th e Pr o p e r t y or th e va l u e of th e Pr o p e r t y or ad v e r s e l y af f e c t th e ab i l i t y of Se l l e r to pe r f o r m it s ob l i g a t i o n s un d e r th i s Ag r e e m e n t ; 10 . 1 . 2 . Se l l e r ha s gr a n t e d n o ot h e r pe r s o n an y ri g h t or op t i o n to ac q u i r e th e Pr o p e r t y , or an y po r t i o n of th e Pr o p e r t y an d , no ot h e r pe r s o n ha s an y ri g h t or op t i o n to ac q u i r e th e Pr o p e r t y , or an y po r t i o n of th e Pr o p e r t y ; 10 . 1 . 3 . Ne i t h e r th e ex e c u t i o n of th i s Ag r e e m e n t no r th e co n s u m m a t i o n by Se l l e r of th e tr a n s a c t i o n s co n t e m p l a t e d by th i s Ag r e e m e n t wi l l : (i ) co n f l i c t wi t h , or re s u l t in a br e a c h of , th e te r m s , co n d i t i o n s or pr o v i s i o n s of , or co n s t i t u t e a de f a u l t , or re s u l t in a te r m i n a t i o n of , an y ag r e e m e n t or in s t r u m e n t to wh i c h Se l l e r is a pa r t y ; (i i ) vi o l a t e an y re s t r i c t i o n to wh i c h Se l l e r is su b j e c t ; or (i i i ) co n s t i t u t e a vi o l a t i o n of an y ap p l i c a b l e co d e , re s o l u t i o n , la w , st a t u t e , re g u l a t i o n , or d i n a n c e , ju d g m e n t , ru l e , de c r e e or or d e r . Pa g e 5 of 13 10 . 2 . Th e pe r s o n s wh o ha v e ex e c u t e d th i s Ag r e e m e n t ha v e be e n du l y au t h o r i z e d to do so by Se l l e r . Al l do c u m e n t s de l i v e r e d at Cl o s i n g wi l l be ex e c u t e d by a du l y au t h o r i z e d pe r s o n . Se l l e r ha s a go o d an d le g a l ri g h t to en t e r in t o th i s Ag r e e m e n t an d to pe r f o r m al l co v e n a n t s of Se l l e r co n t a i n e d in th i s Ag r e e m e n t in ac c o r d a n c e wi t h it s te r m s . 10 . 3 . No n e of t h e re p r e s e n t a t i o n s or wa r r a n t i e s ma d e by Se l l e r co n t a i n s an y un t r u e st a t e m e n t s of ma t e r i a l fa c t or om i t a ma t e r i a l fa c t ne c e s s a r y in or d e r to ma k e th e st a t e m e n t s no t mi s l e a d i n g . 10 . 4 . Ex c e p t fo r th e re p r e s e n t a t i o n s an d wa r r a n t i e s sp e c i f i c a l l y in c l u d e d in th i s Ag r e e m e n t : (i ) Se l l e r ma k e s no re p r e s e n t a t i o n s an d wa r r a n t i e s of an y ki n d re g a r d i n g th e Pr o p e r t y or th e co n d i t i o n of th e pr o p e r t y or th e im p r o v e m e n t s on th e Pr o p e r t y , if an y ; (i i ) Se l l e r he r e b y di s c l a i m s , an d Pu r c h a s e r he r e b y wa i v e s , an y an d al l re p r e s e n t a t i o n s or wa r r a n t i e s of an y ki n d , ex p r e s s or im p l i e d , co n c e r n i n g th e Pr o p e r t y or an y po r t i o n th e r e o f , as to it s co n d i t i o n , va l u e , co m p l i a n c e wi t h th e la w s , st a t u s of pe r m i t s or ap p r o v a l s , ex i s t e n c e or ab s e n c e of ha z a r d o u s ma t e r i a l on si t e , oc c u p a n c y ra t e or an y ot h e r ma t t e r of si m i l a r or di s s i m i l a r na t u r e re l a t i n g in an y wa y to th e Pr o p e r t y , in c l u d i n g th e wa r r a n t i e s of fi t n e s s of a pa r t i c u l a r pu r p o s e , te n a n t a b i l i t y , ha b i t a b i l i t y an d us e ; (i i i ) Pu r c h a s e r ta k e s th e Pr o p e r t y "A S IS in it s pr e s e n t co n d i t i o n an d su b j e c t to al l de f e c t s , kn o w n an d un k n o w n ; " (i v ) Se l l e r ma k e s no re p r e s e n t a t i o n as to th e lo c a t i o n of th e bo u n d a r i e s of th e Pr o p e r t y , th e ac r e a g e co n t a i n e d in th e Pr o p e r t y an d / o r wh e t h e r th e fe n c e s an d ot h e r im p r o v e m e n t s on th e Pr o p e r t y ar e lo c a t e d on th e le g a l l y de s c r i b e d Pr o p e r t y ; an d (v ) Pu r c h a s e r ta k e s th e Pr o p e r t y su b j e c t to an d to g e t h e r wi t h an y an d al l Ex i s t i n g Kn o w n Co n t a m i n a t i o n an d / o r un k n o w n en v i r o n m e n t a l co n t a m i n a t i o n or Ha z a r d o u s Su b s t a n c e s on , un d e r or in th e Pr o p e r t y . Th e pr o v i s i o n s of th i s se c t i o n sh a l l in al l ev e n t s su r v i v e (i ) an y te r m i n a t i o n or ex p i r a t i o n of th i s Ag r e e m e n t ; an d (i i ) th e cl o s i n g of th e tr a n s a c t i o n s co n t e m p l a t e d he r e b y (i n c l u d i n g de l i v e r y of th e de e d ) , an d be fu l l y en f o r c e a b l e th e r e a f t e r in ac c o r d a n c e wi t h it s te r m s . In i t i a l s of : Se l l e r : / Pu r c h a s e r : 11 . Pu r c h a s e r ' s Re o r e s e n t a t i o n s an d Wa r r a n t i e s . I1 . 1 . Th e pe r s o n s wh o ha v e ex e c u t e d th i s Ag r e e m e n t ha v e be e n du l y au t h o r i z e d to do so by Pu r c h a s e r . Al l do c u m e n t s de l i v e r e d at Cl o s i n g wi l l be ex e c u t e d by a du l y au t h o r i z e d pe r s o n . Pu r c h a s e r ha s a go o d an d le g a l ri g h t to en t e r in t o th i s Ag r e e m e n t an d to pe r f o r m al l co v e n a n t s of Pu r c h a s e r co n t a i n e d in th i s Ag r e e m e n t in ac c o r d a n c e wi t h it s te r m s . I1 . 2 . Pu r c h a s e r is du l y or g a n i z e d , va l i d l y ex i s t i n g , an d in go o d st a n d i n g un d e r th e la w s of th e st a t e of it s fo r m a t i o n . Pu r c h a s e r ha s th e fu l l po w e r an d au t h o r i t y to ex e c u t e , de l i v e r an d pe r f o r m it s ob l i g a t i o n s un d e r th i s Ag r e e m e n t . 11 . 3 . No n e of th e re p r e s e n t a t i o n s or wa r r a n t i e s ma d e by Pu r c h a s e r co n t a i n an y un t r u e st a t e m e n t s of ma t e r i a l fa c t or om i t a ma t e r i a l fa c t ne c e s s a r y in or d e r to ma k e th e st a t e m e n t s no t mi s l e a d i n g . Al l re p r e s e n t a t i o n s an d wa r r a n t i e s of Pu r c h a s e r sh a l l be tr u e on an d as of th e Cl o s i n g Da t e wi t h th e sa m e fo r c e an d ef f e c t as th o u g h ma d e on an d as of th e Cl o s i n g Da t e . 12 . Co n d i t i o n of Pr o p e r t y : 12 . 1 . "A S - I S " Sa l e . EX C E P T AS OT H E R W I S E EX P R E S S L Y SE T FO R T H IN TH I S AG R E E M E N T AN D WI T H O U T LI M I T I N G TH E WA R R A N T I E S CO N T A I N E D IN TH E DE E D DE L I V E R E D AT CL O S I N G , PU R C H A S E R AC K N O W L E D G E S AN D AG R E E S TH A T PU R C H A S E R IS PU R C H A S I N G TH E PR O P E R T Y IN AN "A S - I S " CO N D I T I O N "W I T H AL L FA U L T S " KN O W N AN D UN K N O W N , AN D WI T H O U T AN Y WA R R A N T I E S , RE P R E S E N T A T I O N S OR GU A R A N T E E S , EI T H E R EX P R E S S E D OR IM P L I E D , OF AN Y NA T U R E WH A T S O E V E R FR O M OR ON BE H A L F OF SE L L E R , IN C L U D I N G WI T H O U T LI M I T A T I O N , TH O S E OF FI T N E S S FO R A PA R T I C U L A R PU R P O S E AN D US E . PU R C H A S E R Pa g e 6 of 13 IN I T I A L S . Se l l e /D a t e : { Pu r c h a s e r /D a t e Ñ / / S i l e Se l l /D a t e : HE R E B Y WA I V E S AN Y AN D AL L CL A I M S WH I C H TH E PU R C H A S E R HA S OR MA Y HA V E AG A I N S T TH E SE L L E R WI T H RE S P E C T TO TH E CO N D I T I O N OF TH E PR O P E R T Y EX C E P T AS OT H E R W I S E PR O V I D E D HE R E I N OR IN TH E DE E D DE L I V E R E D AT CL O S I N G . WA I V E R OF TH E IN S P E C T I O N PE R I O D CO N T I N G E N C Y SH A L L , EX C E P T AS OT H E R W I S E EX P R E S S L Y SE T FO R T H IN TH I S AG R E E M E N T AN D WI T H O U T LI M I T I N G TH E WA R R A N T I E S CO N T A I N E D IN TH E DE E D DE L I V E R E D AT CL O S I N G CO N S T I T U T E PU R C H A S E R ' S AC K N O W L E D G M E N T TO SE L L E R TH A T PU R C H A S E R HA S FU L L Y IN S P E C T E D TH E PR O P E R T Y AN D PU R C H A S E R AS S U M E S TH E RE S P O N S I B I L I T Y AN D RI S K S OF AL L DE F E C T S AN D CO N D I T I O N S , IN C L U D I N G SU C H DE F E C T S AN D CO N D I T I O N S , IF AN Y , TH A T CA N N O T BE OB S E R V E D BY CA S U A L IN S P E C T I O N . SE L L E R AN D PU R C H A S E R AC K N O W L E D G E TH A T TH I S DI S C L A I M E R HA S BE E N SP E C I F I C A L L Y NE G O T I A T E D . 12 . 2 . Pu r c h a s e r ac k n o w l e d g e s th a t (1 ) Pu r c h a s e r ha s ha d an d / o r wi l l ha v e , pu r s u a n t to th i s Ag r e e m e n t , an ad e q u a t e op p o r t u n i t y to ma k e su c h le g a l , fa c t u a l an d ot h e r in q u i r i e s an d in v e s t i g a t i o n as Pu r c h a s e r de e m s ne c e s s a r y , de s i r a b l e or ap p r o p r i a t e wi t h re s p e c t to th e Pr o p e r t y , an d (2 ) ex c e p t as ot h e r w i s e ex p r e s s l y se t fo r t h in th i s Ag r e e m e n t or in th e De e d de l i v e r e d at Cl o s i n g , ne i t h e r Se l l e r , no r an y o n e ac t i n g fo r or on be h a l f of Se l l e r , ha s ma d e an y re p r e s e n t a t i o n , wa r r a n t y , pr o m i s e or st a t e m e n t , ex p r e s s or im p l i e d , to Pu r c h a s e r , or to an y o n e ac t i n g fo r or on be h a l f of Pu r c h a s e r , co n c e r n i n g th e Pr o p e r t y or th e co n d i t i o n , us e or de v e l o p m e n t th e r e o f . Pu r c h a s e r re p r e s e n t s th a t , in en t e r i n g in t o th i s Ag r e e m e n t , Pu r c h a s e r ha s no t re l i e d on an y re p r e s e n t a t i o n , wa r r a n t y , pr o m i s e or st a t e m e n t , ex p r e s s or im p l i e d , of Se l l e r , or an y o n e ac t i n g fo r or on be h a l f of Se l l e r , ot h e r th a n as ex p r e s s l y se t fo r t h in th i s Ag r e e m e n t , an d th a t Pu r c h a s e r sh a l l pu r c h a s e th e Pr o p e r t y ba s e d up o n Pu r c h a s e r ' s ow n pr i o r in v e s t i g a t i o n an d ex a m i n a t i o n of th e Pr o p e r t y . If Pu r c h a s e r el e c t s no t to in s p e c t th e Pr o p e r t y or to te r m i n a t e th i s Ag r e e m e n t on or be f o r e th e Co n t i n g e n c y Da t e , su c h el e c t i o n wi l l be ma d e at Pu r c h a s e r ' s so l e di s c r e t i o n , in re l i a n c e so l e l y up o n th e te s t s , an a l y s e s , in s p e c t i o n s an d in v e s t i g a t i o n s th a t Pu r c h a s e r ma k e s , or ha d th e ri g h t to ma k e an d op t e d no t , or ot h e r w i s e fa i l e d , to ma k e , an d no t in re l i a n c e up o n an y al l e g e d re p r e s e n t a t i o n ma d e by or on be h a l f of Se l l e r , ex c e p t as se t fo r t h in th i s Ag r e e m e n t . 12 . 3 . Ha z a r d o u s Ma t e r i a l s Wa i v e r an d Re l e a s e : Pu r c h a s e r , on be h a l f of it s e l f , it s su c c e s s o r s an d as s i g n s , he r e b y re l e a s e s th e Se l l e r an d it s of f i c e r s , di r e c t o r s , me m b e r s , em p l o y e e s , pa r t n e r s , af f i l i a t e s , su c c e s s o r s an d as s i g n s (t h e "R e l e a s e e s " ) fr o m an d ag a i n s t an y an d al l cl a i m s , de m a n d s , ca u s e s of ac t i o n , su i t s , su m s pa i d in se t t l e m e n t of an y of th e fo r e g o i n g , ju d g m e n t s , lo s s e s , da m a g e s , in j u r i e s , li a b i l i t i e s , pe n a l t i e s , en f o r c e m e n t ac t i o n s , fm e s , ta x e s , li e n s , en c u m b r a n c e s , co s t s or ex p e n s e s (i n c l u d i n g , wi t h o u t li m i t a t i o n , re a s o n a b l e at t o r n e y s ' fe e s ) (c o l l e c t i v e l y , "C l a i m s " ) kn o w n or un k n o w n , ar i s i n g ou t of , re l a t e d in an y wa y to th e pr e s e n c e , mi s u s e , us e , di s p o s a l , re l e a s e or th r e a t e n e d re le a s e of an y Ha z a r d o u s Ma t e r i a l s at th e Pr o p e r t y an d an y li a b i l i t y or Cl a i m re l a t e d to th e Pr o p e r t y ar i s i n g un d e r En v i r o n m e n t a l La w s . Pu r c h a s e r ac k n o w l e d g e s th a t un k n o w n an d un s u s p e c t e d Ha z a r d o u s Ma t e r i a l s ma y he r e a f t e r be di s c o v e r e d on or ab o u t th e Pr o p e r t y , an d Pu r c h a s e r kn o w i n g l y re l e a s e s Se l l e r fr o m an y an d al l li a b i l i t y re l a t e d th e r e t o . 12 . 4 . Th e pr o v i s i o n s of th i s Se c t i o n 13 sh a l l su r v i v e an y Cl o s i n g or te r m i n a t i o n of th i s Ag r e e m e n t an d sh a l l no t be me r g e d in t o th e De e d de l i v e r e d at Cl o s i n g . 13 . Re s i d e n t i a l Pr o p e r t y : Th e Se l l e r sh a l l pr o v i d e I ur c h a s e r wi t h a co m p l e t e d Re a l Pr o p e r t y Tr a n s f e r Di s c l o s u r e St a t e m e n t wi t h i n 5 da y s of mu t u a l ac c e p t a n c e of th i s Ag r e e m e n t . Pu r c h a s e r sh a l l th e n ha v e 3 da y s fr o m th e re c e i p t th e r e o f to re s c i n d th i s of f e r to pu r c h a s e by de l i v e r i n g a se p a r a t e , si g n e d , wr i t t e n st a t e m e n t of re s c i s s i o n to th e Se l l e r by 5: 0 0 p. m . of th e th i r d bu s i n e s s da y fo l l o w i n g re c e i p t of sa i d di s c l o s u r e st a t e m e n t . If th e Pu r c h a s e r ch o o s e s to cl o s e de s p i t e th e di s c l o s u r e st a t e m e n t , th e n th e Pu r c h a s e r is co n s i d e r e d to ha v e ap p r o v e d an d ac c e p t e d th e di s c l o s u r e st a t e m e n t . 14 . Ac c e p t a n c e : Th i s of f e r to pu r c h a s e is ma d e su b j e c t to it s ac c e p t a n c e by Se l l e r on or be f o r e tw e l v e o' c l o c k mi d n i g h t of , 20 1 6 . If Se l l e r do e s no t ac c e p t th i s Ag r e e m e n t wi t h i n th e ti m e sp e c i f i e d , th e ea r n e s t mo n e y sh a l l be re f u n d e d to Pu r c h a s e r on de m a n d . Pa g e 7 of 13 IN I T I A L S : Se l l e r /D a t e Pu r c h a s e r : Û ' /D a t e n f i 6 bi g Se l l /D a t e : 7 1 15 . At t o r n e y Fe e s : If ei t h e r pa r t y to th i s Ag r e e m e n t is re q u i r e d to re t a i n an at t o r n e y to en f o r c e an y pr o v i s i o n of t h i s Ag r e e m e n t , wh e t h e r or no t a le g a l pr o c e e d i n g is co m m e n c e d , th e su b s t a n t i a l l y pr e v a i l i n g pa r t y sh a l l be en t i t l e d to re a s o n a b l e at t o r n e y s ' fe e s an d co s t s of su i t , in c l u d i n g , bu t no t li m i t e d to fi l i n g fe e s , se r v i c e fe e s , de p o s i t i o n co s t s an d an y ex p e r t wi t n e s s co s t s re g a r d l e s s of wh e t h e r at tr i a l , on ap p e a l , in an y ba n k r u p t c y pr o c e e d i n g , ar b i t r a t i o n ma t t e r , wi t h or wi t h o u t re s o r t to su i t . 16 . Go v e r n i n g La w an d Ve n u e : Th i s Ag r e e m e n t sh a l l be in t e r p r e t e d , co n s t r u e d an d en f o r c e d ac c o r d i n g to th e la w s of th e St a t e of Wa s h i n g t o n . Ve n u e of an y la w s u i t ar i s i n g ou t of th i s Ag r e e m e n t sh a l l be in Ki t t i t a s Co u n t y , Wa s h i n g t o n . 17 . No t i c e s : Su b j e c t to th e re q u i r e m e n t s of an y ap p l i c a b l e st a t u t e , an y no t i c e s re q u i r e d or pe r m i t t e d by la w or un d e r th i s Ag r e e m e n t sh a l l be in wr i t i n g an d sh a l l be (i ) pe r s o n a l l y de l i v e r e d , (i i ) se n t by fi r s t cl a s s ce r t i f i e d or re g i s t e r e d ma i l , re t u r n re c e i p t re q u e s t e d , wi t h po s t a g e pr e p a i d , or (i i i ) di s p a t c h e d by fa c s i m i l e tr a n s m i s s i o n (a c c o m p a n i e d wi t h re a s o n a b l e ev i d e n c e of re c e i p t of tr a n s m i s s i o n an d wi t h a co n f i r m a t i o n co p y ma i l e d no la t e r th a n th e da t e af t e r tr a n s m i s s i o n ) to th e pa r t i e s ' ad d r e s s e s se t fo r t h he r e i n . Ei t h e r pa r t y ma y ch a n g e su c h ad d r e s s fo r no t i c e . Al l no t i c e s wh i c h ar e so ad d r e s s e d an d pa i d fo r sh a l l be de e m e d ef f e c t i v e wh e n pe r s o n a l l y de l i v e r e d , or , if ma i l e d , on th e ea r l i e r of re c e i p t of th r e e (3 ) da y s af t e r de p o s i t th e r e o f in th e U. S. ma i l . 18 . Ti m e of Pe r f o r m a n c e : Ti m e is of th e es s e n c e of th i s Ag r e e m e n t an d of al l ac t s re q u i r e d to be do n e an d pe r f o r m e d by th e pa r t i e s he r e t o , in c l u d i n g , bu t no t li m i t e d to , th e pr o p e r te n d e r of ea c h of th e su m s re q u i r e d by th e te r m s he r e o f to be pa i d . 19 . Se c t i o n He a d i n e s : Th e wo r d or wo r d s ap p e a r i n g at th e co m m e n c e m e n t of se c t i o n s an d su b s e c t i o n s of th i s Ag r e e m e n t ar e in c l u d e d on l y as a gu i d e to th e co n t e n t s th e r e o f an d ar e no t to be co n s i d e r e d as co n t r o l l i n g , en l a r g i n g or re s t r i c t i n g th e la n g u a g e or me a n i n g of th o s e se c t i o n s or su b s e c t i o n s . 20 . In v a l i d i t y : In th e ev e n t an y po r t i o n of th i s Ag r e e m e n t sh o u l d be he l d to be in v a l i d by an y co u r t of co m p e t e n t ju r i s d i c t i o n , su c h ho l d i n g sh a l l no t af f e c t th e re m a i n i n g pr o v i s i o n s he r e o f un l e s s th e co u r t ' s ru l i n g in c l u d e s a de t e r m i n a t i o n th a t th e pr i n c i p a l pu r p o s e an d in t e n t of th i s Ag r e e m e n t ar e th e r e b y de f e a t e d . 21 . Le g a l Re l a t i o n s h i p s : Th e pa r t i e s to th i s Ag r e e m e n t ex e c u t e th e sa m e so l e l y as a se l l e r an d a pu r c h a s e r . No pa r t n e r s h i p , jo i n t ve n t u r e or jo i n t un d e r t a k i n g sh a l l be co n s t r u e d fr o m th e s e pr e s e n t s an d ex c e p t as he r e i n sp e c i f i c a l l y pr o v i d e d ne i t h e r pa r t y sh a l l ha v e th e ri g h t to ma k e an y re p r e s e n t a t i o n fo r , ac t on be h a l f of , or be li a b l e fo r th e de b t s of th e ot h e r . Al l te r m s , co v e n a n t s an d co n d i t i o n s to be ob s e r v e d an d pe r f o r m e d by ei t h e r of th e pa r t i e s he r e t o sh a l l be jo i n t an d se v e r a l if en t e r e d in t o by mo r e th a n on e pe r s o n on be h a l f of su c h pa r t y , an d a de f a u l t by an y on e or mo r e of su c h pe r s o n s sh a l l be de e m e d a de f a u l t on th e pa r t of th e pa r t y wi t h wh o m sa i d pe r s o n or pe r s o n s ar e id e n t i f i e d . No th i r d pa r t y is in t e n d e d to be be n e f i t e d by th i s Ag r e e m e n t . An y ma r r i e d pe r s o n ex e c u t i n g th i s Ag r e e m e n t he r e b y pl e d g e s hi s or he r se p a r a t e pr o p e r t y an d su c h pe r s o n ' s an d hi s or he r sp o u s e ' s ma r i t a l co m m u n i t i e s in sa t i s f a c t i o n he r e o f . 22 . As s i g n m e n t : Su c c e s s o r s : Ne i t h e r th e Pu r c h a s e r no r th e Se l l e r ma y se l l , tr a n s f e r , as s i g n , pl e d g e or en c u m b e r it s in t e r e s t in th i s Ag r e e m e n t wi t h o u t th e pr i o r wr i t t e n co n s e n t of th e ot h e r pa r t y , wh i c h co n s e n t sh a l l no t be un r e a s o n a b l y wi t h h e l d . A pu r p o r t e d sa l e , tr a n s f e r , as s i g n m e n t , pl e d g e or en c u m b r a n c e sh a l l be nu l l an d vo i d an d of n o fo r c e or ef f e c t . Su b j e c t to th e re s t r i c t i o n s co n t a i n e d he r e i n , th e ri g h t s an d ob l i g a t i o n s of th e Se l l e r an d Pu r c h a s e r sh a l l in u r e to th e be n e f i t of an d be bi n d i n g up o n th e i r re s p e c t i v e es t a t e s , he i r s , ex e c u t o r s , ad m i n i s t r a t o r s , su c c e s s o r s , su c c e s s o r - i n - t r u s t , an d as s i g n s . Pa g e 8 of 13 IN I T I A L S : Se l l e r : /D a t e : 23 . En t i r e Ag r e e m e n t : Al l un d e r s t a n d i n g s an d ag r e e m e n t s , wr i t t e n an d ve r b a l , pr e v i o u s l y ex i s t i n g be t w e e n th e pa r t i e s , if an y , ar e me r g e d in t o th i s Ag r e e m e n t wh i c h al o n e fu l l y an d co m p l e t e l y ex p r e s s e s ag r e e m e n t of th e pa r t i e s , an d th e sa m e is en t e r e d in t o af t e r fu l l in v e s t i g a t i o n , ne i t h e r pa r t y re l y i n g up o n an y st a t e m e n t or re p r e s e n t a t i o n ma d e by th e ot h e r no t em b o d i e d he r e i n . Th i s Ag r e e m e n t ma y be mo d i f i e d on l y by a wr i t t e n am e n d m e n t ex e c u t e d by al l pa r t i e s . 24 . In t e r p r e t a t i o n : Th i s Ag r e e m e n t ha s be e n re v i e w e d by bo t h pa r t i e s an d ea c h pa r t y ha s ha d th e op p o r t u n i t y to co n s u l t wi t h in d e p e n d e n t co u n s e l wi t h re s p e c t to th e te r m s he r e o f an d ha s do n e so to th e ex t e n t th a t su c h pa r t y de s i r e d . No st r i c t e r co n s t r u c t i o n or in t e r p r e t a t i o n of th e te r m s he r e o f sh a l l be ap p l i e d ag a i n s t ei t h e r pa r t y as th e dr a f t e r he r e o f . 25 . Co u n t e r p a r t s : Th i s Ag r e e m e n t ma y be ex e c u t e d in co u n t e r p a r t s , ea c h of wh i c h sh a l l be de e m e d to be an or i g i n a l in s t r u m e n t . Al l su c h co u n t e r p a r t s to g e t h e r sh a l l co n s t i t u t e a fu l l y ex e c u t e d Ag r e e m e n t . 26 . Am e n d m e n t : Th i s Ag r e e m e n t ma y no t be mo d i f i e d or am e n d e d ex c e p t by th e wr i t t e n ag r e e m e n t of th e pa r t i e s . IN WI T N E S S WH E R E O F th e pa r t i e s ha v e si g n e d an d de l i v e r e d th i s Ag r e e m e n t as of t h e da y an d ye a r fi r s t ab o v e wr i t t e n . SE L L E R : PU R C H A S E R : KI T T I T A S CO U N T Y , ap o l i t i c a l su b d i v i s i o n of DI A N E M. BA R T O N Da t e : * $ • \ L , 20 1 6 Da t e : D i/ I , 20 1 6 AD D R E S S : AD D R E S S : 15 0 1 W . D o l a r w a y R o a d 10 5 W. Ü kV £ - ÌÛ $ El l e n s b u r g , WA 98 9 2 6 El l e n s b u r g , WA 98 9 2 6 PH O N E NU M B E R S : PH O N E NU M B E R : Di a n e Ce l l : (5 0 9 ) 60 7 - 1 2 5 0 1 - 4 LP $ - Û ÚÛ Pa g e 9 of 13 IN I T I A L S : Se l l e r : /D a t e : ei ) Pu r c h a s e r : /D a t e : ÉN j Se l l e /D a t e : V . NU Ex h i b i t A As s i g n m e n t an d As s u m p t i o n of Le a s e s an d Mo b i l e Ho m e s AS S I G N M E N T AN D AS S U M P T I O N OF LE A S E S TH I S AS S I G N M E N T AN D AS S U M F I T O N OF LE A S E S (h e r e i n "A s s i g n m e n t " ) is ma d e an d en t e r e d he r e t o as of th e __ _ da y of __ _ _ __ _ _ _ _ , 20 1 5 , by an d am o n g JE R O L D D. BA R T O N an d DI A N E M. BA R T O N , hu s b a n d an d wi f e (h e r e i n "A s s i g n o r " ) an d KI T T I T A S CO U N T Y , a po l i t i c a l su b d i v i s i o n of th e St a t e of Wa s h i n g t o n (h e r e i n "A s s i g n e e " ) . WI T N E S S E T H : A. MB E R E A S , As s i g n o r ow n s an d op e r a t e s a mo b i l e ho m o pa r k an d As s i g n o r ow n s co r t a i n In o b i l e ho m e s an d le a s e s sp a c e to th i r d pa r t i e s fo r pl a c e m e n t of mo b i l e ho m e s . a n d B. WH E R E A S , As s i g n o r is se l l i n g to As s i g n e e th e re a l pr o p e r t y de s c r i B e d as fo l l o w s : Lo t s 4- 1 6 , Bl o c k 78 , SH O U D Y ' S SE C O N D AD D I T I O N TO EL L E N S B U R G , as pe r pl a t th e r o o f re c o r d e d in Bo o k 1 of Pl a t s , pa g e 11 , re c o r d s ôf sa i d As s i g n ë ú , to g e t h e r wi t h pa r t i o n s of va c a t e d 9" ' St r e e t ; Lo t s 1, 2 . 3 , 4 , 5 , 6 , 7 , 8 , Bl o c k 81 , SH O U D Y " ) SE C O N D AD D I T I O N TO EL L N E S B U R G , as pe r pl a t th e r e o f re c o r d e d in Bo o k 1 of Pl a t s , pa g e 11 , re c o r d s of sa i d As s i g n e e , to g e t h e r wi t h po r t i o n s of va c a t e d Wi l l o w St r e e t . C. WH E R E A S , As s i g n o r ai i d As s i g n e e ha v e ag r e e d as pa r t of th e tr a n s a c t i o n th a t th e Le a s e s an d an y an d al l of As s i g n o r ' s ri g h t , ti t l e an d in t e r e s t th e r e u n d e r sh a l l be as s i g n e d to As s i g n e e su b j e c t to th e te r m s an d co n d i t i o n s se t fo r t h he r e i n b e l o w ; an d D. WH E R E A S , As s i g n o r an d As s i g n e e ag r e e th a t As s i g n o r wi l l as s i g n it s in t e r e s t in al l mo b i l e ho m e s on th e pr o p e r t y to As s i g n e e an d al l Le a s e s to th e As s i g n e e . NO W . TH E R E F O R E . in co n s i d e r a t i o n of th e mu t u a l co v e n a n t s , pr o m i s e s an d co n d i t i o n s he r e i n co n t a i n e d , th e pa r t i u s co v e n a n t an d ag r e e as fo l l o w s : L As s i g n o r he m b y as s i g n s , se l l s , tr a n s f e r s an d se t s ov e r to As s i g n e e an y an d al l of As s i g n o r ' s ri g h t s , ti t l e an d in t e r e s t in th e Le a s e s id e n t i f i e d on Ex h i b i t 1 at t a c l i e d he r e t o an d in c o r p o r a t e d he r e i n by re f e r e n c e , to g e l h o r wi t h th e te n e m e n t s , he r e d i t a m e n t s , ap p u r t e n a n c e s an d ea s e m e n t s th e r e t o be l o n g i n g ; su c h as s i g n m e n t be i n g at th e sa m e re n t a l an d up o n al l th e ot h e r te r m s an d co n d i t i o n s as co n t a i n e d in th e Le a s e . 2. As s i g n o r he r e b y as s i g n s it s in t e r e s t in th e mo b i l e ho m e s id e n t i f i e d on Ex h i b i t 2 at t a c h e d he r e t o an d in c o r j i ö r a t e d he r e i n by re f e r e n c e to As s i g n e o . 3. As s i g n e e he r e b y ac c e p t s th e as s i g n m e n t of th e ri g h t , ti t l e an d in t e r e s t as s i g n e d pu r s u a n t to th i s As s i g n m e n t . As s i g n e e ag r e e s to an d he r e b y as s u m e s al l of th e te r m s , co n d i t i o n s , du t i e s an d re s p o n s i b i l i t i e s of As s i g n o r un d e r th e Le a s e s . Je t T S l o t h o w e r La t h r o p , wi n b a u e r . Hu r r e l , sl o t h e w c r & De n i s o r i LL P . AU u m e y s a i l Pa g e 10 0 PO B o x 1 0 S S / 2 0 1 W e s l 7 Av e l i n e Eu e n s b u r g WA 98 9 2 6 Di r e c L F a x N o . ( 5 0 9 ) 3 4 3 - 1 2 0 6 Te l (5 0 9 ) 91 5 - 6 9 I d Aa s r A /D a t e : I JO of 3 IN MT Y N E S S WH E R E O F , th e pa r t i e s ha v e ex e c u t e d th i s As s i g n m e n t as of th e da y an d ye a r fi r s t ab o v e wr i t t e n an d sh a l l be de e m e d ef f e c t i v e , 20 1 5 . AS S I G N E E : AS S I G N O R : KI T T I T A S CO U N T Y , a po l i t i c a l su b d i v , is i o n of Th e St a t e of Wa s , gt o n Si g n e d : JE R O L D D. BA R T O N Pr i n t Na m e : Of ) (C G '. r- y ¿3 Ti t l e : WL ( ÊL ( Q DI A N E M. BA R T O N ST A T E OF WA S H I N G T O N )) ss . Co u n t y of K i t t i t a s ) I ce r t i f y th a t I kn o w or ha v e sa t i s f a c t o r y ev i d e n c e di a t JE R O L D 0. BA R T O N an d DI A N E M. BA R T O N ar e th e in d i v i d u a l s wh o ap p e a r c e l be f o r e m an d sa i d in d i v i d u a l s ac k n o w l e d g e d th a t th e y si g n e d th i s in s t r u m e n t an d ac k n o w l e d g e d it to be th e i r fi ó c ar i d vo l u t i t a r y ac t fo r th e us e s an d pu r p o s e s me n t i o n e d in th e in s t r u m e n t . DK T E D th i s _ da y of , 20 1 5 . Pr i n t e d Na m e • No t a t y Pu b l i c in an d fo r th e St a t e of Wa s h i n g t o n My ap p t ex p i r e s : ST A T E OF WA S H I N G T O N . )) ss . Co u n t v of Ki t t i l a s ) I ce r t i f y th r i t I kn o w or ha v e sa t i s f a c t o r v ev i d e n c e th a t _ Ë_ ÚÍ $ < a n e ) is th e in d i v i d u a l wh o ap p e a r e d be f o r e tn e , an d sa i d in d i v i d u n t ac k n o w l e d g e d th a t s/ h e si g n e d th i s in s t r u m e n t , on oa t h st a t e d th a t s/ h e wa s au t h o r i z e d to ex c e u t e th e in s t r u m e n t an d ac k n o w l e d g e d it as th e g, - ( p (t h g ti e ) of KI T T I T A S CO U N T Y , a po l i t i c a l su b d i v i s i o n of th e St a t e of Wa s h i n g t o n . to be th e fr e e an d vo l u n t a r y ac t of su c h pa r t y fo r th e us e s an d pu r p o s e s me n t i o n e d in Lh e in s t r u m e n t DA T E D th i s KJ TA Pr i n t e d N a m e : ' . ) .L Û / r i- No t a r y Pu b l i c in an d fo r th e St a t e of Wa i ng t o n As s t a n p u e n of Le a s e s Pa g e 2 g( 4 Pa g e 11 of 13 r he /D a t e : A Ex h i b i t 1 Le a s e s TO BE IN S E R T E D * As s i g n m e n t an d As s u m p t i o n of Le a s e s Pa g e 3 of 4 Pa g e 12 of 13 IN I T I A L S : Se l l e r /D a t e : Pu r c h a s e r : /D a t e : I / W Se 1 /D a t e n yy Ex h i b i t 2 Mo b i l e Ho m e s *T O RE IN S E R T E D * As s i g n m e n t an d As s u m p i t o n of Le a s e s Pa g e 4 of 4 Pa g e 13 of 13 IN I T I A L S : /D a t e : /D