01-28-1998 Council Agenda - Laserfiche WebLink

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whatsoever (except those items which by this Agreement specifically become the obligation of Buyer) arising out of, resulting from, relating to, or incident to the property up to and including the date of closing or which are in any way related to the ownership, maintenance or operation of the property, and all expenses related thereof, including, without limitation, court costs and attorney's fees, except to the extent cause by an act or omission of Buyer, its agents, employees or contractors. Buyer agrees to indemnify and hold Seller, its successors and assigns, harmless of and from any and all liabilities, claims, causes of action, penalties, demands and expenses of any kind or nature whatsoever (except those items which by this Agreement specifically become the obligation of the Seller) arising out of activities of Buyer on property from the date of execution of this Agreement to the date of closing. 18. Minnesota Law. This contract shall be governed by the laws of the State of Minnesota. 19, Well Disclosure. Check one of the following: Seller certifies that Seller does not know of any wells on the described real property. 2 . Wells on the subject real property are disclosed by Seller on the attached Well Disclosure form. 20. Individual Sewage Treatment System Disclosure. Check one of the following: Seller certifies that there is no individual sewage treatment system on or serving the property. )C Individual sewage treatment systems on or serving the property are disclosed by Seller on the attached disclosure statement. 21. Lead Paint Disclosure. Check one of the following: Seller represents that the dwelling was constructed on the property in 1978 or later. )C Seller represents that the dwelling was constructed on the property before 1978. (If such housing is located on the property, attached and made a part of this agreement is "LEAD PAINT ADDENDUM FOR HOUSING CONSTRUCTED BEFORE 1978 ".) 22. Seller's Affidavit. At closing, Seller shall supplement the warranties and representations in this Purchase Agreement by executing and delivering a Minnesota Uniform Conveyancing Blank [Form No. 116 -M, 117 -M, or 118 -M] Affidavit of Seller. 23. Successors and Assigns. Subject to any restriction upon assignment of this Agreement, this Agreement shall inure to the benefit of and be binding upon Seller and Buyer and their respective heirs, executors, legal representatives, successors and assigns. 24. Voluntary Sale. Seller acknowledges this transaction is occurring on a voluntary basis at the request of the Seller. Seller waives any and all claim against the Buyer which may exist as a result of this transaction, including any associated with the Uniform Acquisition and Relocation Act. 25. Broker's Commission. Seller and Buyer represent and warrant to each other that they have dealt with no brokers, finders, or the like in connection with this transaction, and agree to indemnify each other and to hold each other harmless against all claims, damages, costs or expenses of or for any other such fees or commissions resulting from their actions or agreements regarding the execution or performance of this Agreement, and will pay -6- Page 73