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Draft 2.10.2022 <br />notice, Sellers will not begin performance of Sellers' performance obligations required by <br />this Agreement. Buyer shall have until the Date of Closing to remove the remaining <br />contingencies set forth above in this paragraph. The contingencies are solely for the benefit <br />of Buyer and may be waived by Buyer. If the contingencies are duly satisfied or waived, <br />then the Buyer and Sellers shall proceed to close the transaction as contemplated herein. If, <br />however, one or more contingencies is not satisfied, or is not satisfied on time, and is not <br />waived, this Agreement shall thereupon be void, at the option of Buyer. If this Agreement <br />is voided by Buyer, Buyer and Sellers shall execute and deliver to each other the <br />termination of this purchase agreement. As a contingent purchase agreement, the <br />termination of this Agreement is not required pursuant to Minnesota Statutes, Section <br />559.21, et seq. <br />12. WELL AND SEPTIC SYSTEM DISCLOSURE: The Sellers certify that Sellers do not <br />know of any wells on the described real Property. Provided however, if the Property does <br />contain wells, the cost of sealing any wells required to be capped or sealed under Minnesota <br />law will be borne by the Sellers. If the well is not sealed by the date of closing, Sellers shall <br />escrow a sum equal to two times the bid price from a licensed well sealing contractor to <br />complete the sealing process. Sellers shall prepare, execute and file any required well <br />certificate at or before closing. If the Property has a septic system, Sellers agrees to provide <br />water quality test results and/or septic system certification as required by state law or local <br />ordinance. <br />13. OTHER GENERAL AND SPECIAL WARRANTIES: <br />A. Right of Access. Seller warrant that there is a right of access to the Property from a <br />public right of way. <br />B. Mechanic's Liens. Sellers warrant that, prior to the closing date, Sellers have made <br />any and all payments in full for all labor, materials, machinery, fixtures or tools <br />furnished within the 120 days immediately preceding the closing date in connection <br />with construction, alteration or repair of any structure on or improvement (including, <br />but not limited to grading and landscaping, etc.) to the Property, if any. <br />C. Buildings. Sellers warrant that buildings, if any, are entirely within the boundary lines <br />of the Property. <br />D. Notices. Sellers warrant that Sellers have not received any notice from any <br />governmental authority as to violation of any law, ordinance, or regulation. If the <br />Property is subject to restrictive covenants, Sellers warrant that Sellers have not <br />received any notice from any person or authority as to a breach of the covenants. Any <br />notices received by Sellers shall be provided to Buyer immediately. <br />E. Sewer and Water. Sellers warrant that the Property is connected to city of Mounds <br />View sewer and water. <br />F. Sellers Authority. Sellers warrant that Sellers are the owner of the Property, that <br />DOCSOPEN\MU205\57\776768.v5-1 /28/22 <br />