02-24-10 Council Agenda - Laserfiche WebLink

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3. Brim-down Cet•tificate. 1'he Bring-down Certii9cate dated the Closing Date, signed by Seller, certifying that the representations and warranties of Seller contained in this Agreement are true as of tha Closing and acknowledging that Seller's warranties survive Closing. 4. Seller's Affidavit. An Affidavit by Seller indicating that on the Closing Bate there are no outstanding, unsatisfied judgments, tax liens, or bankruptcies against or involving Seller or the Real estate; that there has been no skill, labor or material furnished to Clre T2eal Lstate Poe which payment has not been made or for which mechanic's Liens could be 1`tled except for such woz•Ic that may have been performed at the request of Buyer; and that there aro no other unrecorded interests in the Real Lstate, together with whatever standard owner's affidavit and/or indemnity which may be required by the 'Title Company to issue an owner's policy of "title Insurance to Buyer with the "standard" exceptions for matters arising after the effective date of the ConunitmenC, mechanic's lien claims, questions of survey, umrecorded interests, rights of parties in possession or other exceptions. 5. FTRi''TA Affidavit. Anon-foreign affidavit, properly executed and in recordable form containing such ini'ormatiion as is required by iltC Section 1445 and its regulations. 6, 1125 Form. A DesignaCion Agreement designating the "reporting person" for purposes oi' completing Internal Revenue Form 1099 and, if applicable, hlternal Revenue Form 8594. 7. \tVell Certitrcate. A certificate signed by Seller warranting that there are no "wells" on the Real 1=state wii9iin the meaning of Minnesota Statute Chapter 1031 that have not been removed or sealed or if there are "wells", a well certificate in the form required by law. 8. Storage Tanlcs. If: the Rcal Lstate contains or contained any storage tanks, an affidavit with respect thereto, as required by Minnesota Statutes § 116.48, 9. Leasehold interest. Stich documents as are necessary to satisfy Buyer Chat any leasehold interest has been tez•tninated. l0. Other i)oeaments, All other documents reasonably determined by Buyer to be necessary to transfer the Ttcal Lstate to Buyer as required by this Agreement. b. 13tryer's Ciosin~ 1Documents. On the Closing Date, Buyer will execute and/or deliver to Seller the following (collectively, "Buyer's Clositzg Documents"): -S- 6