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5 accrued and unpaid on the Earnest Money, if any. (b) Waive the objections and proceed to close. 11. Representations and Warranties Seller. Seller represents and warrants to Buyer as follows: (a) Assessments. Seller has received no notice of actual or threatened special assessments or reassessments of the Property except assessments associated with the proposed development of the Property. (b) Water Wells. Seller represents that wells exist on the Property. Buyer shall assume responsibility for sealing any wells in accordance with Minnesota Department of Health requirements. (c) Access. To the best of Seller’s knowledge, no fact or condition exists which would result in the termination of the current access from the Property to any presently existing streets and roads adjoining or situated on the Property or to any existing sewer or other utility facility servicing adjoining or situated on the Property. (d) Hazardous Waste. To the best of the Seller’s knowledge, the property is in compliance with all applicable laws, including federal laws, has not been used for storage or disposal of any hazardous or toxic substance, and the property is not in violation of any federal state, or local statutes, ordinances or regulations concerning the disposal or storage of hazardous or toxic substance. Seller will indemnify Buyer, its successors and assigns, against, and will hold Buyer, its successors and assigns, harmless from, any e xpenses or damages, including reasonable attorneys' fees, that Buyer incurs because of the breach of any of the above representations and warranties, whether such breach is discovered before or after closing. Each of the representations and warranties herein contained shall survive the Closing for a six (6) month period, at which time the Seller’s obligations shall terminate. Wherever herein a representation is made to "the best knowledge of Seller", such representation is limited to the knowledge of Seller as to facts or matters which Seller actually knew or should have known. 12. Representations and Warranties by Buyer. (a) Organization, Authority, Execution, Conflict. Buyer represents and warrants to Seller that Buyer is a political subdivision duly organized and existing under the laws of the State of Minnesota; that under the laws of the State of Minnesota, any contract for the purchase of real property must be approved by the Buyer’s Board of Directors. Until such time as the Buyer’s Board of Directors has adopted a resolution approving the terms of this Agreement, the Seller has no right to enforce the terms and conditions of this Agreement against the Buyer. (b) Anti-Terrorism, Executive Order 13224 and Public Law 107-56. The Buyer is not in violation of any laws relating to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”), and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56. The Buyer or, to the knowledge of the Buyer, none of its agents acting or benefiting in any capacity in connection with the transaction, is any of the following: 12(b)1 Person or entity that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order; 12(b)2 Person or entity owned or controlled by, or acting for or on behalf of, any Person or entity that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order;