Laserfiche WebLink
closing and installments of special assessments payable therewith shall be paid by the Seller on or <br />before the closing. The Seller has made, and make, no representations or predictions concerning <br />the amount of real estate taxes or special assessments that may be levied against the property. <br />Seller agrees to pay any taxes which have been deferred under the so- called "Green Acres Act ". <br />7. Utilities, rental income, and current operating expenses. All utilities, rental income, <br />and current operating expenses, if any, shall be prorated as of the date of the closing. For <br />purposes of proration, it shall be assumed that the buyer will be in possession of' the property on <br />and as of the entire day of the closing. <br />All Leases and any amendments thereof, or addendums thereto, if any, and any other <br />modifications have been delivered to Buyer for Buyer's examination, receipt thereof is hereby <br />acknowledged. Buyer shall have fifteen (15) days to determine, in its sole judgment, after <br />reviewing such documents that the terms and conditions of such documents are satisfactory to <br />Buyer. Within such period of fifteen (15) days, Buyer may indicate its dissatisfaction related to <br />said Leases, and elect to terminate this Agreement, such dissatisfaction and election to terminate <br />to be set forth in writing within said fifteen (15) days or Buyer's right to terminate this Agreement <br />shall be deemed to be waived. D r <br />8. Closing Documents. Subject to performance by the Buyer and the Seller of their <br />respective obligations hereunder, the Buyer and the Seller agree to fully execute as necessary and <br />to deliver at the closing the following: <br />(a) A Warranty Deed conveying marketable title to the property to the Buyer free and <br />clear of all liens and encumbrances, except the following allowable encumbrances: <br />(i) Building and zoning laws, ordinances, state and federal regulations, provided <br />they do not adversely affect the present use of' the property: <br />(ii) Utility, drainage, and other easements of record, provided they do not interfere <br />with the use and location of the proposed improvements and do not render the title <br />unmarketable; <br />(iii) Real estate taxes and special assessments to be paid by the Buyer pursuant <br />hereto; <br />(iv) Easements and restrictions of record; <br />(v) Reservation of any minerals or mineral rights to the State of Minnesota, if any; <br />3 <br />-6 <br />