REAL ESTATE PURCHASE AND SALE AGREEMENT
THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and
entered into as of this day of , 2021, by and between Nashua Millyard
Associates Inc., having a mailing address of 22 Kehoe Avenue, Nashua, New Hampshire
(“Seller”) and The City of Nashua, a New Hampshire municipal corporation, having an address
of 229 Main Street, Nashua, New Hampshire 03060, (“Buyer”).
1, PURCHASE AND SALE. Seller agrees to sell and convey, and Buyer agrees to buy, on
the terms and conditions hereinafter set forth, a parcel of land with all the improvements thereon,
located in Nashua, Hillsborough County, New Hampshire, known as or described as Lot 77-5 of
the City of Nashua Tax Maps, having an address of L Pine Street, Nashua, New Hampshire,
being the property described in a deed recorded in the Hillsborough County Registry of Deeds,
Book 3769, Page 97 (“Premises”).
2. PURCHASE PRICE. Subject to any adjustments and prorations hereinafter described,
Buyer agrees to pay for the Premises the sum of Three Hundred Twenty-Five Thousand and 00/100
Dollars ($325,000.00) (“Purchase Price”). There is no deposit.
3. TITLE. Seller shall convey the Premises to the Buyer at the Closing in fee simple with
good, insurable, and marketable title by Quitclaim Deed, free and clear of all liens and
encumbrances, except as set forth in the deed or matters of record, and except for:
a). acertain lease regarding radio antennas and tower with the Tenant known as Absolute
Broadcasting LLC (the “Radio Tower Lease”); and
b). a proposed easement from Seller to Public service of New Hampshire, to be recorded
soon (the “PSNH Easement”); and
c). a certain Option to Purchase Property (the “Option”) attached hereto and incorporated
herein by reference. Seller shall convey the Premises to the Buyer subject to the terms and
conditions of the Option. The Buyer shall accept title to the Premises subject to the Option and,
upon closing and transfer of title, Buyer shall assume and perform all obligations of the “Seller”
under the Option.
The above listed items are and shall be Permitted Exceptions under Section 5 below.
Parties shall also deliver such additional documents as may be required under this Agreement or
as may be reasonably required by their respective counsel or the title insurance companies insuring
the transaction, including but not limited to, assignments, affidavits, leases, documents, and
certificates
4, CLOSING. The closing shall occur on or before June 30, 2021, at a time and location
mutually agreed to by the parties.
5. INSPECTION AND DUE DILIGENCE PERIOD. The obligations of Buyer to consummate
the transaction contemplated by this Agreement are expressly conditioned on the satisfaction of each
of the following conditions and, if any such condition is not satisfied as hereafter provided, Buyer
