Agenda Packets - 1995/06/05 - Laserfiche WebLink

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Douglas F. Watson, and Seller has made no independent inquiry or investigation of the Property in this regard. 9.4. Seller warrants there is a single right of access to the Property from a public right of way. 9.5. Seller warrants that there has been no labor or material furnihd the Property for which payment has not been made. 9.6. Seller warrants that, based on the current knowledge of Douglas F. Watson only, there are no present violations of any restrictions relating to the use or improvement of the Property. 9.7. The warranties made in paragraphs 9.1, 9.2, 9.4, 9.5 and 9.6 shall survive untilone_yea.r after the date of closing and delivery of -the. The warranty made in paragraph 9.3 shall survive until three years after the date of closing and delivery of the deed. 10. Coverisnts , Representations and Warranties of Buyer. 10.1. Buyer is a municipal corporation under the laws of the State of Minnesota and has the power to enter into this Agreement and carry out its obligations hereunder. The signatories to this Agreement represent that they are authorized to execute this Agreement on behalf of Buyer. 11. Well Disclosure. Buyer acknowledges receipt of a well disclosure statement from Seller, attached as Exhibit A to this Agreement. 12. Broker Commissions. Seller and Buyer represent that neither party has engaged the services of any realtor, broker or other person who would be entitled to a fee or commission in connection with the sale of the Property. 13. Miscellaneous 13.1 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 . This agreement shall be binding on the parties hereto, their successors and assigns. 13.2 The Buyer and Seller represent and warrant that the recitals contained herein are true and accurate. All warranties and representations by Seller and Buyer shall survive the closing of, this transaction. 13.3 All notices required hereunder shall be given by depositing in the U.S. mail. postage prepaid, certified mail, return receipt requested, to the following addresses (or such other addresses as either party may notify the other): JtTP5. 9371 1-X125 -21 To the Seller: Watson Investments, Inc. 3033 Excelsior Boulevard, Suite 420 Minneapolis, MN 55416 4