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12. Delay of Completion, Impossibility of Completion

In the event that completion is delayed due to poor weather conditions, labor strikes or lockouts, or other labor disputes affecting either Seller or any of Seller's suppliers, materials or labor, delay issuance of permits, or Seller's mortgage commitments or inspections, acts of war, emergency proclamations, government regulations, or for any other reason whatsoever beyond Seller's control, it is agreed that closing date will be extended for a period of time equal to the time lost by reason of any of these causes. If any of the foregoing causes make the performance of this Agreement by Seller impossible, then this Agreement shall be terminated, and all deposit monies will be returned, without interest, and Buyer and Seller released from all obligations under this Agreement. Seller agrees to advise Buyer as soon as Seller is aware of any of the causes that will delay title closing. Under no circumstances shall Seller be liable for damages, monetary or otherwise, due to any delay in completion or closing of title. If the delay in closing of title extends beyond one hundred twenty (120) days from the date set in Paragraph 11 for closing of title, then Buyer has the right, within ten (10) days of that date which is one hundred twenty (120) days of from the date set in Paragraph 11 for closing of title to terminate this Agreement receiving a refund of all deposit monies without interest. At that time, Buyer and Seller will be released from any further obligations under this Agreement.

This web site contains a copy of the Association's Master Deed and By-Laws. This has been included for easy reference for our unit owners. The Cedars at Basking Ridge Condominium Association and GSID do not warrant or guarantee the accuracy of the document as it appears in the web site and will not be responsible for any errors it may contain.


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