HomeMy WebLinkAboutFeasibility Study Addendum 07-12-96 FEASIBILITY STUDY
ADDENDUM
COMMERCIAL-INDUSTRIAL REAL ESTATE
1. Date 1.4.1-y ( — _, 19 f _ S.
2. This Addendum ie attached to and made a part of the Purchase Agreemen dated J2 19 96 on the real
a. estate commonly known as 2 I..D U't 71a T .£El"
4. in _c.L A y Township, H*4/L.ibK County, C44.12-4 ,...424k._.,Indiana, which is legally described as;
5. —'t fritf. of. Tic, s,14?_. , sof- 9, 'Lv P 17, eA.t e£ 3
8.
7. Buyer is hereby granted the right to conduct an engineering and/or market and economic feasibility study of the property. Buyer shall have
8. I S days from the date of acceptance to perform such study,and in this regard, Buyer or his designated agents may enter upon the
s. property for purpose of such analysis,core drilling,or other tests and inspections which may be deemed necessary by Buyer.If Buyer determines
10. in its sole judgement,thatproperty is not suitable for any reason for Buyer's intended use or purpose,then Buyer may,on written notice
11. to Seller on or before days from the date of acceptance,terminate this agreement. If the written notice is not given to Seller
12. within such period,this con ition and any and all objections with respect to the feasibility study shall be deemed to have been waived by the
13. Buyer.In the event this sale shall not close through no fault of the Seller.Buyer shall restore the properly to its original condition,if changed
14. due to tests and inspections performed by the Buyer,and Buyer shall provide the Seller with a copy of the results of any tests and inspections
1s. made by the Buyer, and shall assign to Seiler all rights,title and Interests therein.
18. This Agreement may be executed simultaneously or in two or more counterparts,each of which shall be deemed an 1 'gine,but all of which
17. together shall constitute one and the same instrument. - , /
is. BUYERS --- — —SELLERS ./Q 4i it _
--,D19. INITIALS- INITIALS: v/i
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JUL 3'! 1996
DOCD
1:911Approved by and restricted to use by members al the Meirapoften Indianapolis eoard Or REALTORS'.
This is a legally binding contract,if not understood seek legal advice. emosoR 1991 (Fwm rio.340431181) 121
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