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4.9. SR 06-01-2015
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4.9. SR 06-01-2015
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and shall be valid and binding obligations of Seller, enforceable in accordance with their <br /> terms. <br /> (b) Title to Real Property. Buyer shall rely on the Title Company to insure Buyer's <br /> title to the Real Property upon Closing. <br /> (c) Mechanic's Liens. All labor and materials which have been provided to the Real <br /> Property have been fully paid for or will be fully paid for, prior to the Closing Date. <br /> (d) Utilities. Seller makes no representations regarding utilities. <br /> (e) Rights of Others to Purchase Real Propert y. Seller has not entered into any other <br /> contracts, agreements or understandings, whether oral or written, for the sale of all or any <br /> portion of the Real Property, and there are no existing rights of first refusal or options to <br /> purchase all or any portion of the Real Property, or any other rights of others that might <br /> prevent the consummation of this Agreement. <br /> (f) Storage Tanks. There are no above-ground or underground tanks are located in or <br /> on the Real Property. <br /> (g) Wells and Septic. Seller knows of no wells on the Real Property. At the time of <br /> Closing, Seller will deliver any required well certificate pursuant to applicable laws. To <br /> Seller's knowledge, there is no "individual sewage treatment system" within the meaning <br /> of Minn. Stat. Section 115.55 on or serving the Real Property. <br /> (h) Assessments. Buyer shall make its own investigation regarding special <br /> assessments. <br /> (i) Litigation and Other Matters. Seller has received no notice, and has no knowledge <br /> of any pending notice, of a violation of any statutes, ordinances, regulations,judicial <br /> decrees, or orders, or the pendency of any lawsuits, administrative or arbitration hearings, <br /> governmental investigations, proceedings, applications, petitioners, or other matters <br /> affecting the Real Property or the use thereof, except those which may have been initiated <br /> by or participated in by Buyer. <br /> 0) Rights of Others to Purchase Real Propert y. Seller has not entered into any other <br /> contracts, agreements or understandings, whether oral or written, for the sale of all or any <br /> portion of the Real Property, and there are no existing rights of first refusal or options to <br /> purchase all or any portion of the Real Property, or any other rights of others that might <br /> prevent the consummation of this Agreement. <br /> (k) Condemnation. Buyer shall make its own determination regarding condemnation <br /> proceedings. <br /> (1) Hazardous Substances. To Seller's knowledge there are no Hazardous Substances <br /> stored, deposited or located within the Real Property or under the surface of the Real <br /> 5 <br /> 181569v2 <br />
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