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11. CHANGE IN PROPERTY. a. Contingency. This Contract is expressly contingent upon there being no change after the expiration of the periods described in Section 6 and prior to Closing in the nature or condition of or circumstances affecting the Property, including, without limitation, any change in: (1) the areas determined to be located within lakes, ponds, creeks, rivers, or other water areas located within any flood -hazard area, flood -prone area, or 100 -year flood plain; (2) availability of utilities; (3) access; (4) governmental zoning ordinances; (5) costs or charges associated with plat approval; (6) restrictions and requirements affecting the ownership and development of the Property; (7) (8) the environmental condition of the Property; and title to the Property. If any such change occurs prior to Closing, then Purchaser may elect to either terminate this Contract pursuant to Section 14, or in the event of a change specified in Section 11.a (1), Purchaser may alternatively exclude the affected area from the portion of the Property purchased by Purchaser and the Purchase Price shall be adjusted accordingly. b. Moratorium. If any state, county, city, or governmental agency declares or effects any moratorium on the approval of subdivision plats or plans, which moratorium is applicable to the Property or any portion thereof, and, as a result of such moratorium, the state, county, city, or any other applicable governmental agency or authority will not approve subdivision plats or plans, then, in such event (1) the Inspection Period, (2) the deadline for Purchaser to send the Notice of Suitability and the Notice of Governmental Approvals, and (3) the Closing Date, shall all be postponed. Upon the discontinuation of any such moratorium, the Inspection Period and the deadline for Purchaser to send the Notice of Suitability and the Notice of Governmental Approvals shall be extended by one (1) day for each day the moratorium was in effect, and the Closing Date shall occur thereafter as per the provisions of this Contract. If, however, such moratorium shall last longer than one hundred eighty (180) days, Seller or Purchaser shall each have the right, but not the obligation, to terminate this Contract. In the event of such termination by either Seller or Purchaser, the Earnest Money shall be refunded to Purchaser. c. Condemnation. In the event that between the date of this Contract and the Closing Date, any eminent domain proceedings are initiated which might result in the taking of any part of the Property, or if Seller receives written notice from a governmental or quasi -governmental authority which states that such an action is contemplated, either Seller or Purchaser may: 11 DRAFT 109378462-v5-drh lino lakes Purchase and Sale Agreement.docx