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b. Building, zoning and subdivision laws and regulations. <br />c. Restrictions relating to use or improvement of the premises which do not conflict <br />with present use or contain effective forfeiture provision. <br />d. Utility and drainage easements which do not interfere with present improvements. <br />e. Sanitary sewer easement for lift station and access to same. <br />f. Naegele, Inc. lease with seller, dated May 18, 1992, more fully discussed in <br />Section 11.k. herein. <br />All of the above exceptions may hereafter collectively be referred to as "Permitted <br />Encumbrances." <br />5. Seller's Performance. Subject to performance by Purchaser, Seller shall execute and <br />deliver to Purchaser the following at closing: <br />a. A Warranty Deed, in recordable form, as aforesaid. <br />b. An affidavit attesting that, on the date of closing, there are no unsatisfied <br />outstanding judgments, tax liens or bankruptcies against or involving the Seller; <br />that there has been no lienable skill, labor or material furnished to the property; <br />that there are no other unrecorded interests in the property of any kind of which <br />Seller is aware and any other standard form Seller's Affidavit which may <br />reasonably be required for Purchaser. <br />c. All keys required to afford Purchaser access to the property. <br />d. All other documents necessary or appropriate to complete the transaction <br />contemplated by this Agreement agreed upon by the parties and their respective <br />counsel. <br />e. Receipt of documents satisfactory to the Purchaser terminating any existing <br />management and service contracts effective as of the date of closing. <br />f. Certification by Seller as to the location of any above - ground or underground <br />tanks located in or about the property and evidence of the fact that said tanks have <br />been removed or have been filled in accordance with the specifications of the <br />MPCA or such other governing regulatory body. <br />Page 2 of 10 <br />11:\Joel} 0CorrespondenceVoel 2001vCounty Road 0 Purchase Agreement (1ordie l -Lowe - 11.1904.doc <br />