Planning and Zoning Commission (linked)

[R: Bastem Connecticut Association of REALTORS®
ae ALS e LAND PURCHASE AND SALE AGREEMENT
Buyer(s) Kingstown Properties LLC
Address(es) PO Bax 827
Norwich, CT 08360
Seller(s) Leo J and Mary P.T. Archambault Living Trust
Address(es) 7271 Exsl Village Square, Vero Beach, FL 32888
Pago 1 of 5 a
Seller agrees to sell aud Buyer agrecs to purchase certain real property known as 108 R& 434 Clark Lano
(MLS 170337325), Walerford » CT more fully described in the land records, town of
—— » CT, in Vol 1455 _ Page 165 _
1. PURCHASE PRICE . oe So
Payable as follows:
A. By deposit, subject to collection, to be applied toward Buyer's down payment
or olosing costs . _.s
B, Additional deposit by _» 20 - If not received by the
Sellor’s agent on or before the above date than Buyer shall be in default § NIA
C. By procceds from institutional financing $ NIA C.
D. By procesds from Seller financing (see attached addendum) $ NA
8. Balance by cash, bank check, or attorney trustee check at closing {or such greater
or lesser arnount as may be required afler credits, adjustments and prorations.)..... $ ar i=.
2, MORTGAGE CONTINGENCIES: (Check onc)
A.( ) This Agreement is contingent upon the Buyer obtaining a commitment for a
mortgage, ___- in the amount of $ , amortized for a term of years at
(fixed, variable, cz.) nia
an initial interest rate not fo excesd per cent per annum, and not excceding poinis. Buyer
agrees to apply fora mortgage within days of Sellcr’s acceptance, If Buyer fails to make formal application by
said date, Buyer shall be in dofault of this Agreement and shell forfeit all deposit monies. Mortgage commitment shall be.on
or before . Itig further agreed that if, after diligent offort, Buyer is unable to obtain the mortgage
by said commitment dato, thon said deposit shall bs returned to Buyer, provided Seller or Seller's agent has received written
notice from Buyer with proof of said inability within five (5) calendar days after said commitment date, whereupon this
Agreement shal! be null and void. In the event Seller or Seller's agent has not received said notice az specified, then this
mortgage contingency shall be deemed satisfied. Buyer grants permission to the lending institution to provide status of his
eis agants involved in this transaction.
§ B,( )Termsofassumptionofexisting loan: Buyeris assumingand agreeing to pay the existing firstmortgage on theproperty
having an approximate balance of $ . Seller represents mortgage is assumable and shall be in good
standing at time of closing,
C. @ Cash sale. is no mortgage. contingency. 3
——_ 3/4/21 Dypey EL (Lhenke wlde
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Buyer Seller. 
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Date Date

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Eastern Comnectiout Assoolation of REALTORS®
LAND PURCHASE ANDSALE AGREEMENT vers
3, ESCROW DEPOSIT: Tho deposits spectficd above shall be madeat the stated tifnés, All deposits shall be mads payeblo
to the listing broker, Romax Logonds » and unless
otherwise agreed upon betwoen tho parties elsewhere in this Agreement, shall be placed intoapooled, interest bearing account
as sct forth in COS Soc, 8-265f, with the interest payable to Connecticut Housing Finance Authority. Atthotime of closing,
the listing broker shall pay the deposit funds tothe Seller. Exeeptashercinanthorized, the listing broker shall notpay thedeposit
fonds to anyone without the written consent of all parties to this Agreement or by court order, In the cvent any deposit finds
payable pursuantto this Agreement arenotso paid by Buyer, Sollermay give writtennotice ofsuch failure toBuyeratihc address
specified in this Agreement, by certified mail, and if such notice is given and a period of 5 days thereafter clapses without
Buyer having correoted such failure, Seller may (1) declare Buyer to bein defult and (2) terminate this-Agreerment and the
Sellershall berelicved ofall obligations herounder. The prevailing party inany legal action arising outofadisputeoverthodeposit
shall be awarded reasonable attorneys’ fees.
4, DEFAULT: On default by oithar party, without the other party being in default, the party who {s not in default shall havo
theright of
ABs Deira th oped ec Bzaldsind demogonceprocentng wih ony oe rencty olor
equity.
B, Seller Debut: Buyotreelaialng the doposit money, plus an amount equal to the deposit moncy as liquidated damages
or proceeding with any other remerly at law or in equity.
Ifa legal action is commenced to caforeeany provision of this Agreement, the prevailing party, inoluding a broker whoismado
a party to such action and who has not significantly contributed to the defizult, shall be anlitied to court cos{s ancd:reasonable
attorneys’ fees.
5, LANDSCAPING, TREES, SITEIMPROVEMENTS. Seller shall maintain and convey the proparty with all Jandscaping,
trees, any site improvements theréon, and all appurtenances thereto, inthesame condition, reasonable wear and tear excepted,
og they were on the date of this Agreement.
6. PROPERTY REMOVAL: Seller shall remove the following proporty prior to conveyance:
NA
7. ENCUMBRANCES: Tic Certificate of Title, if desired, shall bo provided by and at Buyer's expense, Unless otherwise
fioted the property will be conveyed freeand clear of liensand subject to all provisions of any ordinance, municipal regulation,
publicorprivate law agreements, restrictions. and easements of record, and factsdisclosed by personal inspection ofthe property
oranaccurate survey, provided they do notrendar the property unmarketable pursuant to the Standards of Title as applied by
the Conmecticut Bar Association.
‘The parties acknowledgo a sewer aasesamont of approximately $, NA by the *GaBer wet (.
atele
The peti weg ate aproviney $ N& a I mac
atclosing.
8, ADJUSTMENTS: Unless atherwise stated in this Agreement, all adjustments, including, but not limited to, taxes, water,
ere ieee Tents, fie, etc, will be mado on the dey of closing in accordanoo with tho Resideatisl Real Estate Closing
Bur-Association (ifany), es emended, of the County in which the property is located.
2 Sell FLO-B/
Date
Seller,
‘Date Date
Buyer, 
Selter,
‘Date Date

antiD: Eestom Conneoticut Association of REALTORS®
2) LS: ° LAND PURCHASE AND SALE AGREEMENT
9, RISK OF LOSS: Risk of loss by fire, theft or other casualty until delivery of the deed shall be upon the Seller. In the ovent
ofloss or damage that commot berepaired by the time of closing ao the property is in substantially the same condition as on the
date of this Agreement, Buyer shall have the choice of
A. Receiving the benofit and proceeds of Seller’s insurance coverage and taking fitle, or
B, Resciuding this Agrcement and any monics paid under this Agreement shall be returaed te Buyer and alll parties shall
berelicved of further liability.
10. POSSESSION: On tho date and time of closing, Seilershall deliver full possession ofsald premisesto Buyer, tree from
all occupants and posseasians, except as otherwise specifically provided herein.
11, ASSIGNMENT and SURVIVORSHIP: This Agreemont may be assigned by either party without writien consent of
tho other, butehall be binding upon the heirs, executors, administrators, successors and nasigne of the parties hereto, However,
eel contains a provision for Seller financing, this Agreement may not be assigned without the written consent of
Seller.
12, BROKER(S): The Broker(s) in this transaction is/aroFreshotd Real Estate Agency & Remax Legends
CEREALTORSO Rey. W109
13, CLOSING: Seller shall deliver to Buyer a good and suffici ae Warranty (or
conveying marketable tie, on or before raph! leaner aml
14. INSPECTION SECTION: (Buyer must initial yes or no for each inspection/test/action) In the event the Buyer does not
perform any of the inspections/tests/aclions indicated, by the indicated completion date, then such inspections/test/actions are
waived and no longer a contingency in this Agreement.
Buyer(s) Initlals
¥es_ 1 No
(94) A. PERCOLATION TEST CLAUSE (See REMEDY CLAUSE below)
A percolation and/or deep hole test of the premises shall be performed at the sole cost and expense
of Sellor Buyer on or before ___, 20 {completion date).
ey) B, BUILDING PERMIT CLAUSE (See REMEDY CLAUSE below)
A buiiding permit for the construction of a structure shall be oblaincd
at Buyer's sole cost and expense on or before , 20
(completian date).
¢
C. SEFTIC SYSTEM PLAN CLAUSE (See REMEDY CLAUSE below)
A septic system plan for the premises shall be prepared at the sole cost and expense of Seller___
Buyer. on or before , 20 (complotion date).
——— | : , ad me
ln _ Lipry lL Ppsdeaclies 2403)
Buyer Seller
Date Dale
Buyer Seller
Date Date

iB a Basten Connecticut Association ofREALTORS®
LANDPURCHASE AND SALE AGREEMENT aetels
Buyer(s) Initjats
Yes
D. SURVEY CLAUSE (See REMEDY CLAUSE below)
Afa) _sarvey for the premises shall be prepared at tha sole cost and expense of
——| Seller ___ Buyer. ‘on or before 20. (completion date).
BE, ENVIRONMENTAL TEST CLAUSE (Sce REMEDY CLAUSE below)
A Phase f cnvironmental testof the premises shall be performed at the sole cost and expense of
+ Seller Buyer on or before 20, (completion date),
a I. WATER QUALITY CLAUSE - (See REMEDY CLAUSE below)
‘This Agreement is contingentupon Buyet obtaining at *sexpanse, 0 written report from
a licensed faboralory on or before > 20, (completion date), for the following water
‘tests that establishes the driaking water meets or exceeds the standards published by the State of
Connecticut and the municipality im which the property is located, ifapplicable: ( ) Potability test for
coliform ( ) Lead in water test ( ) Water quality analysis ( ) Full spectrum water analysis and/or
—— { ) Radon in water analysis.
G. WELL WATER YIELD CLAUSE - (See REMEDY CLAUSE below)
‘This Agreement ia contingent upon Buyer obtaining at °s expenso, on or before
20, (completion date), a written report froma licensed engincer or licensed
SS)
bome inspection service that establishes the well provides adequate water yield that meets or exceeds the
4 standards published by the State of Connecticut und tho municipality in which the property ia Tocated.
one INSPECTIONS CLAUSE - (if none, state none) (See REMEDY CLAUSE below)
15, REMEDY CLAUSE FOR INSFECTION(S) FOR 14 A-H: Buyer sball have tho right to either A. or B. below:
A. l€ tho result(a) of an inspection/test/action is unacceptable to Buyer, then Buyer shall request that Seller completo
certain corredtive measures in order lo continue with the purchase by giving Seller written notice within fivo (5) days of
tho completion date(s) unless the written report is recoived sooner, in which case the ‘waitten notice must bo within five (5)
days of Buyer’s receipt of said ceport. The written notice shall itemize the corrective measures and shail include a copy of
the inspection/tost/aotion report, If Buyer provides writlen notice, Seller shall have five (5) days to: sespond in writing. IF
Seller fails to respond to Buyer in welting within five (5) days or if Buyer and Sclier cannot agree in writing within five (5)
days of Seller’s written response to Buyer, cithor party shal! have the option to termiriuto this Agreement by giving written
“notice to the other party, in which case the deposit(s) shall be retumed to Buyer. In the event Seller or Seller’s agent bas
not received said notice as specified, thon this paragraph shall be deemed satisfied; or
B.JE for any season, Buyer is not sutisfied with the results of an inspection/test/action, Buyer may terminate this Agree-
mont by giving Seller written notice within fivo (5) days of the completion date(s) untess the written report is received
sooner, in which case the writtsn notice must be within five (5) days of Buyer’s receipt of said ceport. If Buyer fails to
provide Sollor with such notice, the parties shall bo bound to perform thelr obligations under this Agreement, If Buyer
terminates this agreemout as provided herein, the deposits(s) shall be returned to Buyer.
ii shila soul ndey lL labels oe B08
| Date Date
juyer_ _. Soller,
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Date Date
Buyor, 
. Seller.
Date Date

Bastorn Connecticut Association of
REALTORS?
LAND PURCHASE ANDSALE AGREEMENT moses
16. ADDITIONAL PROVISIONS: (if none state none)
(1) Sea Addondum A, which Is allached and part ot thle Purchase and Sele Agreement
17, EXAMINATION OF PREMISES: Bayer represents that Buyer has examined ths property and is satisfied with the
physical condition thereof, subject to any additional provisions end/or any inspections/tests /actions made a part of this
Agreement, Buyer further agreos neither Seller nor Seller's agent have made any representations or promiac, other than those
expressly stated herein, upon which Buyer has relied in making the Ayreersent. Buyerhas therighttomalea final walk-through
oxamination of thepromises prior tatho clostngto verify thal Seller has met all contractual obligations, If Buyer fallstoconduct
thiswalk-through examination, Seller’scontmetual obligations willbedeomed satisfiod. Setlorwillprovideaccess forBuyer’s
final walk-throughexamination.
18, USE OF ELECTRONIC RECORD: The parties ogree that they may use an electronic record, including fax ar e-mail,
tomulo and keep this Agreoment. Bither party has the right to withdraw consent to have a record of this Agreement provided
ormado available to thom in electronic farm, but that does not permit that party to withdraw consent to the Agresment itself
ones thas been signed. A party’s agreement to use an olectronic record applies only to this particular real estate transaction
and not to all real estata transactions.
For access to and retention of faxed records, there aro no special hardyare or software requirements beyond access to a
fax machine or fox modem and accompanying software conneoted to a personal or Japtop computer. For acceas to and
retention of e-mail records, you will nead a personal or laptop computer, Intemet account and e-mail software.
‘Tho Listing Agent as agent for Seller wishes to use
1 Fax machine, Fax number is’,
01 E-mail. B-mail address ist
‘Tho Buyer's Agent as agent for Buyer wishes to use
CO) Fak machine, Fax number is;
i E-mail, B-mail address ts;scU@lroahokire.com
Each party will promptly inform the other in writing of any change in E-mail address or fax number.
19, ENTIRE AGREEMENT: This. tandattached addenda specified in paragraph 17 (ifan répresenis the entire
A t botween the partios, Tt ahall not hacanged orally but aly ole i pamgranl 17 (fen) ‘signed by all parties.
‘The offective date of this Agreement shall be the date on which all signatures, and initials (i£any), have been affixed hereto,
Notice; When si ‘by all parties this is intended to be a legally bin Agreamont, Ifnot fully understood seak the advice
Sain peropung Wirotocnsatersben ind rea ete feniaine,anctioaingularatel
Notice: This Agreement shall be interpreted pursuant to the Residantial Rou! Batate Closing Customs as promulgated by the
& Bor Association @fany), ee amended, of the County in which the property is located,
Notice: For the purpose of providing notices under this agrecmeat, tho term Buyer shal? mean the Buyer, fhe Buyer's
agent, or the Buyer's attomey and the term Seller shall moan tho Seller, the Seller's agent, or the Seller's altomey.
| — _ slyla eoilany Lichacchants 37081
| pre Date Date
yer. 
Seller,
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eLRENTORSO Ret 1809
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Date Date
Buyer. 
Selfer__
Date Date

Addendum A
1. Purchaser may elect to exchange other property of Ilke kind and qualifying use within the
meaning of Section 1034 of the Intemal Revenue Cade of 1986, as amended, and the
Regulations promulgated thereunder, for fee title In the Premises which Is the subject of this
Agreement. Purchaser expressly reserves the right to assign its rights, but nat its obligations,
hereunder to a Qualified Intermediary as provided In IRC Reg, 1.4034 (k}-1(s}{4) at any time on
or before the Closing Date. Seller shall cooperate with Purchaser In effectuating any such
exchange, so long as there Is no cost to Seller required by such cooperation,
2 Buyer will have 180 days of due diligence, from the date the Purchase and Sale Agreement Is
fully Executed, which shall Include any and all tests and investigations deemed necessary, at the
Buyer’ sole and absolute discretion and at Buyers expense, to determine If the project ts
feasible. in the event Buyer, at Its sole and absolute discretion Is not satisfied, ft shall have the
right to terminate the Contract and recelve a full and immediate refund of the Deposit.
3. Seller will cooparate with Buyer during the permitting process and grant Buyer permission to act
as its Agent for any approvals,
4 Buyerwill give Seller at least ten (10) days written notification of closing date, which closing
5, Seller grants access to the property to Buyer and Its agents for inspection antl due diligence.
ae Salil
Armieby,
date shall be before Septemher 11, 2021. Time will be of the essence as to the closing date set. 1
sare bac ben then 3-/0-2/

a
Eastern Consecticut Association of REALTORS®
CONFIRMATION OF REPRESENTATION
OF BUYER OR TENANT
vite 3/4/21
You are hereby givea notice that fhe bolow listed buyer(s) or tenant(s) are represented by:
Freehold Real Estate Agency
(Agency Name)
pursnant to a signed and active (check one):
[Bilexctusive Right to Represent Buyse Agreement, or
[[_JBcctusive Right o Represent Tenant Agresrment,
Bay. Name) (Guyer/Tenant Signature) A °
(Bnyer/Tensnt Nama) (Buyer /Tonant Si
a
oe Sesion SJ
‘Standard of Practice 16-10 of Article 16 of the National Association of REALTORS® Code of
Ethics statos:
REALTORS®, acting as buyer or tenant representatives or brokers, shall disolose that relationship
to the seller/ Inndlord’s representative or broker at first contact and shall provide written
confirmation of that disclosure to the sellor/ landlord's representative or broker not later than
exccution of a purchase agreement or lease,
© 204 Taster Cammeatient Association of REALTORS® Rov. A1GR