Resolution No. 15-04 EDA - Laserfiche WebLink

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(7) (8) (9) applicable debtor relief laws, or any other litigation contemplated by or pending or threatened against Seller or the Property; to the best knowledge and belief of Seller, the Property contains no threatened or endangered species or endangered or protected habitats as defined by applicable state and federal laws; except for Seller, there are no parties with any interest in the Property (marital, homestead, or otherwise), any prior agreements concerning the Property (purchase agreements, options, or others) have been properly terminated or cancelled in accordance with Minnesota law, and all cure periods in connection with such terminations or cancellations have expired, and no other signatures are required to make this Contract fully enforceable by Purchaser; at Closing, Seller will have and will convey to Purchaser good and marketable fee simple title to the Property free and clear of any and all encumbrances except the Permitted Exceptions; (10) there are no underground or aboveground storage tanks currently or formerly located on the Property, except as set forth on Exhibit C; (11) there are no individual sewage treatment systems on or serving the Property, except as set forth on Exhibit C; (12) there are no wells on or serving the Property, except as set forth on Exhibit C• (13) the Property is not located in an area designated by the Director of the Federal Emergency Management Agency as a flood zone or special flood hazard area; (14) no portion of the Property is or has been used as a cemetery or a graveyard; and (15) to the best knowledge and belief of Seller, no methamphetamine production has occurred on the Property. b. Specific Environmental Representations and Warranties. Seller represents, warrants and covenants to Purchaser, as of the date hereof and as of the Closing Date, that: (1) neither Seller nor, to Seller's best knowledge and belief, any previous owner of the Property or any other person or entity has ever used, generated, processed, stored, disposed of, released, or discharged any Hazardous Substance on, under, about or in the vicinity of the Property or transported it to or from the Property, nor, to Seller's knowledge, has any person or entity ever alleged that any such activities have occurred; and 9 DRAFT 109378462-v5-drh lino lakes Purchase and Sale Agreement.docx