5.7. SR 04-04-2011 - Laserfiche WebLink

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relating to Buyer's activities pursuant to this paragraph. Buyer shall repair and restore any damage to the Property caused by or occurring during Buyer's Inspection and return the Property to substantially the same condition as existed prior to such Inspection. Buyer will have determined, in its sole discretion, that it is satisfied with the results of such Inspection. d. Re~~iew of Documents. Within fifteen (15) days after execution of this Agreement, Seller shall deliver to Buyer true, correct, and complete copies of all written documents, reports, tests, maps, surveys, plats, tax statements, contracts, agreements, restrictive covenants and all other information related to the Property (collectively the "Documents"), if any, including, but not limited to the results of any and all studies, reports, monitoring, tests, analysis, correspondence with governmental agencies, or other documents in its possession or initiated by Seiler or otherwise known to Seller and pertaining to the existence of hazardous materials, compliance with wetland or environmental laws, soil conditions, or to any other environmental concern relating to the Property. Buyer will have determined, in its sole discretion, it is satisfied with the results of such review of the Documents. e. Roads and Easements. Buyer shall have determined, in its sole discretion, that the Property is or will be, within a time period acceptable to Buyer, serviced by all necessary and adequately sized roads and/or easements. Easements for access aisles for vehicular and pedestrian ingress and egress shall be secured by Seller to Buyer from First I~Tational Bank of Elk River, owner of The Waterfall Tanning & Spa, owner of the Sunshine Depot and from Seller over property to the North and West of the Property being purchased herein as depicted on the attached Exhibit B. Seller shall also amend the Declaration executed by Seller dated April 17, 2010, to remove Article II (sic) No Public Dedication. f. Representations and Warranties. All of Seller's representations and warranties contained in this Agreement are true and correct as of the Closing Date. g. Release of Reservation of Easement. Release by Seller of Reservation of Easement contained in Declaration Book 65, No. 65505, which reserved an easement to Seller over property owned by Buyer adjacent to the Property being purchased herein. The Contingency Date shall be the Closing Date. If any contingency has not been satisfied or waived, in Buyer's sole discretion, on or before the Contingency Date (except for the title contingency in Section 3(a) which will be satisfied according to this Agreement's specific terms), then Buyer may terminate this Agreement by written notice to the Seller given at any time on or before the Contingency Date. Upon termination under this Section 3, all Earnest Money and accrued interest shall be promptly refunded to Buyer, this Agreement will terminate, the parties will sign a cancellation of this Agreement, and neither party will have any further GP:2945285 v4 2