to allow for equitable access to all users, sec reserves the right to limit requests originating from undeclared automated tools. you can also sign up for email updates on the sec open data program, including best practices that make it more efficient to download data, and sec.gov enhancements that may impact scripted downloading processes. for more information, please see the sec’s web site privacy and security policy. thank you for your interest in the u.s. securities and exchange commission.

all representations, warranties and covenants contained elsewhere in the us purchase agreement, the ip purchase agreement and the trademark license agreement shall survive for 180 days after the closing date. ccre purchase agreement the mortgage loan purchase agreement dated and effective as of the closing date, between ccre and the depositor.

if buyer does not provide seller with said notice within such five (5) day period, buyer shall be deemed to have accepted the state of title disclosed in the commitment and shall have waived any right to object to any exceptions to seller’s title or the surveys. instead, from and after the applicable closing date, the seller shall be responsible for the payment of all real estate taxes and assessments, insurance premiums, utility charges and other items customarily apportioned in sales of real property related to each property that accrues or is due at any time prior to the date of termination of the applicable leaseback with respect to each property (including that which is due or accrues at any time prior to the commencement date of the applicable leaseback). if buyer fails to give such notice of termination to seller prior to the end of the inspection period, buyer shall be deemed to have waived any objection to the property and to have affirmed this contract and elected to purchase the property with no reduction in the purchase price. if seller fails to give such termination notice to buyer prior to the end of the seller termination period, seller shall be deemed to have waived any right to terminate this contract pursuant to this paragraph and to have affirmed this contract. seller’s existing insurance policy shall be canceled as of the applicable closing date and buyer shall obtain new insurance at such time.

to be enforceable, a land sale contract must satisfy the statute of frauds, which generally requires that these contracts be in writing and signed by the parties. however, two fundamental responsibilities are implied by the very nature of the land sale agreement: every land sale contract contains an implied promise that at closing, the seller will convey marketable title to a buyer. this means that the buyer can still purchase the land, but will be entitled to a reduction in the purchase price to account for the unmarketable title. [6] a party that is not ready, willing and able to close on the date listed in a “time is of the essence” cause will be considered to have breached the agreement.