10-6-2022 Real Estate Auction Info

the auction at which Buyer was the high bidder, and thereafter shall be paid by Buyer. All prorations shall be final at Closing. 6. Risk of Loss. Between the Effective Date and the Closing, the risk of loss of the Property shall belong to Seller. Risk of loss shall be transferred to Buyer on the Closing. 7. Closing Documents. Seller shall execute and deliver at the Closing: (a) the Act of Cash Sale (Exhibit B); and (b) all other reasonable and necessary documentation to close this transaction. The Buyer shall execute and deliver at the Closing: (a) the balance of the Purchase Price plus the 10% Buyer's Premium; and (b) all other reasonable and necessary documentation to close this transaction. 8. Default. In the event Buyer defaults, then Seller may demand specific performance of Buyer's obligations under this Agreement together with the recovery of all damages and expenses incurred by Seller (including reasonable attorneys' fees and broker fees) or declare this Agreement null and void and Buyer shall forfeit his Deposit. These obligations shall survive termination of this Agreement. 9. Miscellaneous. Typewritten and handwritten provisions inserted in this Agreement shall control all printed provisions in conflict therewith, provided that said changes are initialed by both parties hereto. The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective heirs, executors, administrators and successors of the parties hereto. This Agreement may only be amended or modified in writing executed by both Buyer and Seller or by electronic means or transmissions that reflects the mutual agreement of Buyer and Seller to amend or modify. This Agreement contains the entire agreement between Seller and Buyer and merges all previous understandings of every nature and kind. This Agreement shall be governed by Louisiana law, without regard to conflicts of law principles. This Agreement may not be transferred, assigned, or donated, in whole or in part, by Buyer without the consent of Seller, and any such transfer, assignment or donation shall not release Buyer from its obligations herein. This Agreement may be signed in multiple counterparts and scanned or electronic signatures shall be deemed originals. All obligations to defend, indemnity, and hold harmless as set forth herein shall survive any termination of this Agreement. In the event any of the terms of this Agreement are inconsistent with the Act of Cash Sale (Exhibit B), the terms of the Act of Cash Sale shall prevail. 10. Notice. Any notice, demand or document any party is required or may desire to give to any other party shall be in writing and delivered in person, made by commercial delivery service (such as Federal Express), made by United States registered or certified mail, postage prepaid, return receipt requested, or by email addressed to such party at its address set forth below. Notice shall be effective when received. Buyer and Seller hereby agree that the Louisiana Uniform Electronic Transactions Act shall apply to all notices and transmissions provided by Buyer and Seller in connection with this Agreement. [Signatures on following page]

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