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�f 17. t1UU1LJV11ALX"V131U1JS. 1. i <br /> ' --a) Purcha�. intends to corplete this transaction as-part of a Section 1t13 taut <br /> deferred exchange. Seller agrees to cooperate with the Purchaser in documenting and <br /> X completing such exchange by agreeing that Purchaser may transfer Purchaser*s rights and <br /> obligations under this Purchase :and Sale. Agreement to Purchaser's Qualifiers <br /> Intermediary, Exchange Facilitator Corporation. Seller agrees to accept Exchange i <br /> Facilitator corporation as the assigned Purchaser of the Property described in this <br /> Agreement; Seller shall; ncur no additional expense or liability by any such cooperation.. <br /> Ab ' Thi property was formerly used as a asoine station.. It is currently <br /> undergoing rernediatiotito ireMbvd hydrocarbons from the soil.. Seller commits tet: <br /> continue his remediation till the ;appropriate governmental agency monitoring the <br /> .remediation project grants Seller apprgval to close the remed►aaon project and remove <br /> the subsur#ace sail monitoring system. Sexier agrees to "ntain$2;S`A i . of the proceeds <br /> Neste, co:s:t.s ..t01A escrow till.such.approval is received, whereupon which the funds Will..:be released.to: ' <br /> achieve c:los.urAe-Seller. :Parchaser will Have no.:recourse to the Seller,for any gay#9nmental problems: <br /> if in excess. that thay arise on the Property once-the closure approval is 'received. <br /> of: this: amount*. wil:l...be paid. by se.11er.:> <br /> c) Grubb* Eltis is to receive a Six percen (6, ):sales commission. <br /> nes no Qbl igati on d) Seiler is currently in litigation with the former owners/operators of the <br /> ro,�ert in an mm t to recover the:costs of remediating the Property, Purchaser <br /> to: .share: in th NO RIS :an� fees <br /> at it has no 4.0 to any pro 4eds that Seller may recover from these former <br /> owrlerlop,erators. <br /> c. Purchaser to be provided with copies iii:.:: <br /> "nnTC <br /> 2) Correspondence�hA �y UriahlEPM, lead regula tory ;agency, <br /> and FDIC throuOh closure letter from ragul.atory .tcen�cy. <br /> _ 11 <br /> gement nt concluu seen o <br /> Jk <br /> l iti-at ion-. <br /> URU <br /> i • <br /> In consideration of the mutual covenants and agreements set forth herein, the parties i <br /> hereto hereby agree as follows: <br /> i <br /> !� r <br /> Section 1. SilIg and rc ase. Seller hereby agrees to sell to Purchaser;and Purchaser hereby ' <br /> agrees to purchase from Seller for the Purchase Price and on and subject to the terms and <br /> conditions in this Agreement all of Seller'sinterest in the fbll'owing <br /> that certain Vact'or parcel 'of Iartd&kribed'in Exhi_ b A"'attached-hereto and <br /> incorporated herein for all purposes, together with all rights and appurtenances pertaining <br /> thereto, including, but riot limited to, any right,title and interest of Seller in and to adjacent <br /> sweets, alleys or rights-+of-way (the "Land <br /> ") f <br /> (b) alt buildings and other improvements situated on the Land, together with. all <br /> fixitrres and,-other pro attached thereto (collectivel called the I � ! <br /> p Petty Y " vemients"), and <br /> j� <br /> (c) any equipment, machinery., building materials, furntshrngs, furniture and other <br /> personalty (the "Persgnalx"), now or hereafter located an or about the Land and the <br /> improvements. 'The hand, the improvements and the Personally are collectively called the <br /> " '� ; that <br /> }r % Only Personalty which is.owned by Seller and on the.Prop ertiy at the im.e. of <br /> Closing 1will.be..Conveyed:- E <br /> iI � <br />