Amended items
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12/7/2004 2:15:22 PM
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11/15/2004 11:24:39 AM
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<br />10. <br /> <br />11. <br /> <br />12. <br /> <br />13. <br /> <br />14. <br /> <br />15. <br /> <br />16. <br /> <br />') <br />.J. <br /> <br />Lease: The grant of any lease hold interest ofthree years or less not containing an <br />option to purchase. <br /> <br />Real Estate Taxes and Special Assessments: Repurchaser shall be responsible for aU <br />real estate taxes and special assessments. <br /> <br />Risk of Loss: Risk of loss shall be with Repurchaser. <br /> <br />Injury or Damage Occurring on the Property: County shall be free ÍÌ"om liability and <br />claims for damages by reason of injury to any person or persons or property while on or <br />about the property. In addition: <br /> <br />1. <br /> <br />Indemnitìcation: Repurchaser shall defend and indemnify County from all <br />liability, loss, costs and obligations, and including reasonable attorney's fees, on <br />account of or arising out of any such injuries. <br /> <br />') <br /> <br />Liability Insurance: Repurchaser shall, at repurchasers own expense, procure and <br />maintain liability insurance against claims for bodily injury, death and property <br />damage occurring on or about the property in amounts reasonably satisíàctory to <br />County and naming County as an additional insured. <br /> <br />,.., <br />.J. <br /> <br />Continuous Coverage: The insurance required hereunder shall be maintained by <br />the Repurchaser at all times while any amount remains unpaid under this <br />Agreement. <br /> <br />4. <br /> <br />Required Notice: The policy shall provide for not less that fourteen (14) days <br />written notice to County before cancellation, non-renewal, termination or change <br />111 coverage. <br /> <br />5. <br /> <br />Proof of Payment: Repurchaser shall provide County proof of premium payment <br />fourteen (14) days of the premium due date. <br /> <br />6. <br /> <br />Proof of Coverage: Repurchaser shall deliver to County a duplicate original or a <br />certificate of such insurance policy. <br /> <br />Assignment of Agreement: Repurchaser shall not assign Repurchaser's rights under this <br />Agreement without first receiving the written consent of the County. <br /> <br />Protection of Interests: If Repurchaser íàils to pay any sum of money required under the <br />terms of this Agreement or fails to perform any obligation set forth in this Agreement, <br />County may, at County's option, pay the same or cause the same to be performed, or both. <br />The amounts so paid by County and the costs of such performance shall be payable at <br />once, with interest at the rate accruing on the unpaid principal balance, as an additional <br />amount due to the County under this Agreement. <br /> <br />Physical Possession: Repurchaser is at this time in physical possession of the property. <br /> <br />Default: Should default be made in anyone or more payments for principal or interest <br />due hereunder or any part thereof, to be paid by Repurchaser, or should Repurchaser tàil <br />to pay the taxes or assessments on said property, premiums of insurance (if required) or to <br />perform any of the covenants, agreements, terms or conditions herein the County may, at <br />the County's option, do the following: <br />
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