06-13-2002 EDA Packet - Laserfiche WebLink

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Exhibit B (the “Deed”), which Deed shall be subject to the conditions subsequent required by Sections 13, 14, and 15 of this Agreement; B. An affidavit from the Seller sufficient to remove any exception in the Buyer’s policy of title insurance for mechanics’ and materialmens’ liens; unsatisfied judgments and bankruptcies against or involving the Seller; unrecorded interests in the Property known to the Seller; and rights of parties in possession; C. An affidavit of the Seller confirming that the Seller is not a foreign person within the meaning of Section 1445 of the Internal Revenue Code of 1986, as amended; D. A completed Minnesota Well Disclosure Certificate, unless the Deed includes the statement “the Seller certifies that the Seller does not know of any wells on the described Property”; E. Any notices, certificates, and affidavits regarding any private sewage systems, underground storage tanks, and environmental conditions as may be required by Minnesota statutes, rules or ordinances; F. Such other documents that the Title Company may reasonably require to consummate the transaction that this Agreement contemplates. 8. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. A. The Seller shall be responsible for all real estate taxes, including any deferred real estate taxes, penalties or interest, for the years prior to the year in which closing occurs. The Buyer and the Seller shall prorate as of the Closing Date the real estate taxes for the Property that are due and payable in the year of closing. B. The Seller shall pay all special assessments levied against the Property as of the Closing Date, including special assessments certified for payment with the real estate taxes and all deferred assessments. The Buyer shall assume payment of any special assessments that are pending but not levied against the Property as of the Closing Date. The Seller is not aware of any current pending special assessments related to the Property and will give the Buyer notice of any special assessments that may become pending on or before the Closing Date. 9. CONDITION OF PROPERTY. The Property is vacant land. The Buyer acknowledges and agrees that, except as otherwise provided in this Agreement, the Property is being sold in an “as-is,” “where-is” condition and with all faults, without warranty or representation of any kind, express or implied, as to the condition, suitability, or desirability of the Property to be used for any purpose. 10. RIGHT OF ENTRY. As of the Effective Date, the Seller hereby grants to the Buyer, its agents, employees, contractors and invitees, and such other consultants as the Buyer may elect, the right to enter upon the Property for the purpose of examining the environmental conditions of the Property. In exchange for the right of entry provided by the Seller, the Buyer agrees to: A. Provide the Seller at least forty-eight (48) hours’ notice of the date and time that the Buyer will be on the Property for the proposes described in Section 10; B. Promptly pay, before any lien attaches, all charges for costs incurred in connection with the work permitted under this Section 10 and Section 13.