OMAHA AREA BOARD OF REALTORS®
GREENBELT ADDENDUM
TO PURCHASE AGREEMENT
This Addendum shall be an integral part of the Purchase Agreement dated ______to purchase
Address ______
Purchaser (whether one or more) and Seller (whether one or more) agree that the Purchase Agreement described above is expressly conditioned upon the terms of this addendum, and this addendum is attached to the Purchase Agreement referenced above.
Delivery to the Agent constitutes delivery to that Agent’s principal (Seller or Purchaser).
Purchaser agrees to and acknowledges the following:
1. The above referenced property's (the "Property") location, its use, whether actual, intended or otherwise, and Nebraska laws, subject the Property to possible tax rates which may not be consistent with the Property's actual or intended use. To this end, it would be in Purchaser's best interest to consult with an attorney regarding taking the necessary steps to ensure a favorable tax rate on said Property;
2. Purchaser expressly waives all rights to any recourse from Seller or Seller's Agent if the Property's
tax rate increases through no fault of Seller or Seller's Agent; and
3. Purchaser shall indemnify, defend and hold Seller and Seller's Agent, harmless from and against any and all demands, claims, losses, damages, liabilities, costs and expenses (including reasonable attorney's fees) asserted against or incurred by Seller or Seller's Agent, directly or indirectly, by reason of, relating to or resulting from any change in the tax rate for the Property.
If any provision of this Addendum shall be held invalid under any applicable laws, such invalidity shall not affect any other provision of this Addendum that can be given effect without the invalid provision, and, to this end, the provisions hereof are severable.
Date:______Purchaser: ______
Purchaser's Agent: ______Purchaser: ______
Office Address:______
Phone #:______
Date:______
Seller's Agent:______Seller: ______
Office Address:______Seller: ______
Phone #:______