Conveyance of Real Estate. At the final Closing of this transaction, Seller shall deliver a fully-executed and recordable Trustees’ Deed conveying and quit-claiming merchantable title to the Real Estate to Purchaser or to Purchaser's nominee, in exchange for the balance of the Purchase Price due hereunder. Such Deed will be subject to: the year 2021 Real Estate Taxes payable in the year 2022 and all Real Estate Taxes levied and payable thereafter; all Roads and Highways, Easements, Rights-of-Way, Dedications, Reservations, Restrictions and Covenants affecting the real estate, if any; Rights-of-Way for Drainage Tiles, Ditches, Feeders and Laterals, if any; all applicable Zoning Ordinances and Restrictions; the Perpetual and Mutually Nonexclusive Ingress, Egress and Utility Easement described on the attached “EXHIBIT A", if any; and all acts of Purchaser and Purchaser's Assigns and Successors in title but free and clear of all other encumbrances whatsoever, unless otherwise hereinafter stated.
Conveyance of Real Estate. The Agency shall convey the Premises to the Developer for a purchase price in the amount of $50,000.00 which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The cost of subdividing, including but not limited to platting and surveying, the Premises shall be shared equally between the Agency and Developer. The Premises shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. The Premises shall be subject to reconveyance to the Agency upon certain events of default as provided in Section 6.02 of this Redevelopment Contract. A Deed of Trust, executed by Developer, as Trustor, for the benefit of Agency, as Beneficiary, shall be filed against the Premises as security for performance of the obligations set forth in this Redevelopment Contract.
Conveyance of Real Estate. The Agency will convey the real property described to-wit: The West 180 feet of the North 247 feet of Xxx 00, Xxxxxxx Xxxxxxxxx Addition to the City of Lexington, Xxxxxx County, Nebraska. Such conveyance is subject to the condition that the Developer shall commence construction on said real estate of a 5,000 square foot commercial building, associated access drive, off-street parking facilities, and landscaped areas as described in Exhibit A. Construction shall commence within 45 days of final approval of this Development Agreement. Developer shall complete construction within 12 months of the execution of this agreement. Developer shall pay the cost of subdividing the real estate, as well as any filing fees associated with the transfer of real estate.
Conveyance of Real Estate. The Agency shall convey the Premises to the Developer for a purchase price in the amount of $81,675, which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The Premises shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. The Premises shall be subject to reconveyance to the Agency upon certain events of default as provided in Section 6.02 of this Redevelopment Contract.
Conveyance of Real Estate. The Agency shall convey the Project Site to the Developer for a purchase price in the amount of $25,000, which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The Project Site shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. The Project Site shall be subject to reconveyance to the Agency upon certain events of default as provided in Article V of this Redevelopment Contract.
Conveyance of Real Estate. The Agency shall convey the Premises to the Developer for a purchase price in the amount of $25,000.00, which the Agency has found and determined and hereby finds and determines to be fair value in accordance with the Act. The Parties agree and acknowledge the exact boundaries of the Premises shall be created by administrative lot split with said lot split to provide sufficient real estate for the Project. The Premises shall be conveyed free and clear of all liens and encumbrances except easements, restrictions and dedications as required for public infrastructure improvements as contemplated in this Redevelopment Contract, and shall also be conveyed subject to the terms and conditions of this Redevelopment Contract. Developer shall obtain a title insurance commitment on the Premises. The title insurance commitment will show marketable title to the Premises in Agency and shall agree to insure title in Developer and for the benefit of Developer’s lender, if any, in the amount of the purchase price. The Premises shall be subject to reconveyance to the Agency upon certain events of default as provided in Section 6.02 of this Redevelopment Contract. Developer acknowledges that Developer has examined and inspected the Premises, and that Developer is purchasing the same in an "AS IS" condition, subject to Developer’s own
Conveyance of Real Estate. DRAFT: Non-Executable At the final Closing of this transaction, Seller shall deliver a fully-executed and recordable Trustee’s Deed conveying and quit-claiming merchantable title to the Real Estate to Purchaser or to Purchaser's nominee, in exchange for the balance of the Purchase Price due hereunder. Such Deed will be subject to: the year 2021 Real Estate Taxes payable in the year 2022 and all Real Estate Taxes levied and payable thereafter; all Roads and Highways; all Easements, Rights-of-Way, Dedications, Reservations, Restrictions and Covenants affecting the Real Estate which do not unreasonably interfere with Purchaser’s intended use of the Real Estate for farming purposes, if any; Rights-of-Way for Drainage Tiles, Ditches, Feeders and Laterals, if any; Encroachments shown on the Survey Plat of the Real Estate, if any; all applicable Zoning Ordinances and Restrictions; and all acts of Purchaser and Purchaser's Assigns and Successors in title but free and clear of all other encumbrances whatsoever, unless otherwise hereinafter stated. Notwithstanding the forgoing, Purchaser acknowledges that Seller is unable to deliver merchantable title to that part of the Real Estate lying North of the old fence and field line (which was presumably the South right-of-way line of an old abandoned roadway) on the North side of the Real Estate and South of the North line of the Southeast Quarter of said Section Thirty-six (36) of Osco Township, and South of the North line of that part of the Real Estate in the Southwest Quarter of Section Thirty-one (31) of Xxxxxx Township, containing 0.84 acre, more or less, as depicted on the Survey Plat thereof prepared by Xxxxxxx Land Surveying Co., Ltd., for the reason that Beneficiaries are not in possession of such portion of the Real Estate even though Seller is vested with title thereto. Purchaser has full knowledge of such encroachment and has entered into this Real Estate Purchase Agreement with such knowledge, waives any title objection thereto and agrees to complete his or her purchase of the Real Estate with such limitation on the title to the Real Estate.
Conveyance of Real Estate. The Agency will convey the project area real property as following described: Lots 1, 2, 3, 4, 5, 6, 7, 8, and 9, Northwest Seventh Addition, a Replat of Lot 3, of Administrative Replat of Lot 1, Block One, Northwest Fourth Addition, to the City of Lexington, Dawson County, Nebraska. The lots shall be conveyed to the Developer at no cost and subject to the condition that the Developer shall construct townhouses (as defined per the Lexington City Code) on said lots and each single-family dwelling of said townhouses shall have a minimum tax accessed value of $250,000.00 per dwelling. The Developer shall complete construction of up to 16 senior townhouse units within 24 months of the execution of this agreement. The lots shall not be conveyed to the Developer until the Developer is ready to commence construction. Developer shall notify Agency at least thirty (30) days in advance of any request for a lot(s) and the Agency shall convey the lot(s) to Developer within said thirty (30) days. At the conclusion of twenty-four (24) months any unimproved lots in possession of the Developer shall be reconveyed to the Agency. The Developer shall be responsible for all costs of the initial transfer to the Developer, as well any subsequent reconveyance back to the Agency including real estate taxes due to the date of the transfer. The Agency will replat the real property as necessary for the development project in accordance with Attachment A or amendments thereto, at the cost of the Developer.
Conveyance of Real Estate. If any property remains in the trust 20 years from this date, and the trust has not been extended, the Trustee on reasonable notice, in its sole discretion shall; (i) sell the property at a public sale, or (ii) convey the trust property to the then beneficiaries hereunder, or (iii) resign as Trustee. The proceeds of any public sale after the payment of reasonable expenses and fees shall be divided among those beneficiaries who are entitled thereto under this Trust Agreement.
Conveyance of Real Estate. The Agency will convey up to 40 individual lots of real property from the following described real property: Xxxx 0, 00, 00, xxx 00, Xxxxx 0, Xxxxxxxxx Third Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0, 0, 0, xxx 0, Xxxxx 0, Xxxxxxxxx Third Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0 xxx 0, Xxxxx 0, Xxxxxxxxx Xxxxx Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0, 0, 0, 0, xxx 0, Xxxxx 0, Xxxxxxxxx Third Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0, 0, 0, 0. 0, 0, xxx 0, Xxxxx 6, Northwest Third Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0, 0, 0, 0, 0, 0, 0, xxx 0, Xxxxx 1, Northwest Sixth Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0, 0, 0, 0, 0, 0, xxx 0, Xxxxx 2, Northwest Sixth Addition to the City of Lexington, Xxxxxx County, Nebraska; and Lot 3, Administrative Replat of Xxx 0, Xxxxx Xxx, Xxxxxxxxx Fourth Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxx 0, Xxxxx 0, Xxxxxxx’s First Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0 xxx 0, Xxxxx 0, Xxxxxxxx Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0, 0, 0, 0, 0, xxx 0, Xxxxx One, X’Xxxxxxx Fourth Addition to the City of Lexington, Xxxxxx County, Nebraska; and Xxxx 0, 0, 0, 0, xxx 0, Xxxxx Two, X’Xxxxxxx Fourth Addition to the City of Lexington, Xxxxxx County, Nebraska. The lots shall be conveyed to the Developer at no cost but the conveyances are subject to the condition that the Developer shall construct residential homes on said lots and said residential homes shall have a minimum tax accessed value of $225,000.00 per home and a value not to exceed $275,000.00 per home, for the purposes of providing workforce housing to the City. The lots shall not be conveyed to the Developer until the Developer is ready to commence construction. Developer shall notify the Agency at least thirty (30) days in advance of any request for a lot(s) and the Agency shall convey the lot(s) to Developer within said thirty (30) days. The Developer shall complete construction of all forty (40) homes within 24 months of the execution of this agreement. At the conclusion of twenty-four (24) months any unimproved lots in possession of the Developer shall be reconveyed to the Agency. The Developer acknowledges the real property legally described as Lot 3, Administrative Replat of Xxx 0, Xxxxx Xxx, Xxxxxxxxx Fourth A...
