01-14-1999 Council Agenda - Laserfiche WebLink

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2966558 and hold harmless the Buyer, and any or all of Buyer's affiliates, officers, employees, contractors, agents or assigns from and against any and all claims, demands, suits, losses, liabilities and enforcement actions or penalties resulting from, growing out of, or incidental to the discovery, clean up or enforcement actions relating to pollution or hazardous substances which existed on or under the Property prior to the Date of Closing. 15. Waiver of Relocation. Owner agrees that no persons or personal property will be displaced or relocated as a result of any purchase by the Buyer. Owner waives any rights he may have under the Uniform Relocation Act of 1970, and the regulations adopted pursuant thereto by the United States Department of Housing and Urban Development, and any applicable Minnesota law relating to relocation. 16. Termination of Occupancy. The Buyer will not take any action to force termination of the Owner's occupancy of the Property without agreement of the Owner, including the exercise of the power of eminent domain to acquire the Property by condemnation. It is further agreed that Buyer will not extend County Road C2 at any time during the term of this Agreement so as to interfere with Owner's use and enjoyment of the Property. 17. Miscellaneous. This Agreement represents the complete.and final agreement of the parties and supersedes any prior oral or written understanding. This Agreement may be amended only by a writing executed by both parties. The recital paragraphs herein are fully incorporated into the terms and conditions of this Agreement. In the event any provision hereof shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect the remaining provisions hereof. This Agreement shall be construed, interpreted and enforced under the laws of the State of Minnesota. Section headings contained in this Agreement are for the convenience of the parties only and shall not be interpreted as part of this Agreement. All warranties and other obligations created in this Agreement shall survive the Date of Closing and shall be valid and binding legal obligations between the parties and their respective successors and assigns. Time is of essence hereof. 0143160.02 Page 110