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4.3. SR 11-02-2015
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4.3. SR 11-02-2015
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the Property. <br /> Seller shall also deliver to Purchaser, within five days after the Effective Date, correct <br /> and complete copies of all existing agreements or contracts related to or affecting the <br /> Property, including, but not limited to: any MnDOT, maintenance, management and <br /> service contracts, whether or not being assumed by Purchaser. <br /> The obligation of Seller to provide the above referenced items is ongoing through <br /> Closing in the event that Seller gains access to, or possession or control of, any additional <br /> or updated above referenced items after the Effective Date. Seller shall cooperate in all <br /> reasonable respects with Purchaser's due diligence efforts. Seller shall not be entitled to <br /> any compensation in connection with such cooperation. <br /> (d) Proceedings. There is no action, litigation, investigation, condemnation, eminent domain <br /> or proceeding of any kind pending or threatened against the Property to Seller's actual <br /> knowledge. Seller has not received any notice from any governmental authority as to the <br /> violation of any law, ordinance or regulation or from any third party as to the breach of <br /> any covenants or easements affecting the Property. <br /> (e) Wells, Individual Sewage Treatment Systems and Storage Tanks. There are no wells or <br /> individual sewage treatment systems, whether in use or abandoned, at the Property. To <br /> the Seller's actual knowledge, there are no underground or above ground storage tanks of <br /> any size or type at the Property. <br /> (f) Seller Activities shall not Change the Property. Seller shall not perform or authorize any <br /> activities that change the physical characteristics of the Property from its existing state as <br /> of the date of the Effective Date. Seller shall not perform or authorize any removal or <br /> alteration of any improvements, trees or vegetation at the Property and shall not perform <br /> or authorize any excavation or earth moving after the Effective Date. <br /> (g) Seller's Cooperation. Seller shall cooperate in all reasonable respects and in good faith <br /> with Purchaser in obtaining governmental and third party approvals, consents and <br /> agreements, and shall execute such applications, permits, agreements and other <br /> documents as may be reasonably required by Purchaser,provided that such items may be <br /> effective as of the Closing. This obligation shall include, but not be limited to, the <br /> cooperation of Seller in the subdivision of the Property by Purchaser so that the Property <br /> is legally subdivided tax parcels and the execution of any plat and other governmental <br /> agreements and documents required for this subdivision. Seller shall not be entitled to <br /> any compensation or reimbursement of costs in connection with such cooperation. <br /> The representations and warranties contained in this Section shall survive and shall be true and correct on <br /> the Effective Date and as of the Closing. Seller shall indemnify and hold Purchaser harmless from, any <br /> expenses or damages, including reasonable attorneys' fees, that Purchaser incurs by reason of, or arising <br /> out of, any breach of any of the above representations and warranties, whether such breach is discovered <br /> before or after Closing. This indemnification obligation of Seller shall survive Closing or any termination <br /> of this Agreement. <br /> ARTICLE 5 - CLOSING <br /> 5.1 Time and Place. The parcels of the Property may be purchased in multiple closings at different <br /> times. Each closing ("Closing") shall occur as follows. Purchaser shall be required to purchase both <br /> Parcels 2, and 4 together in one Closing, but may purchase one, all or none of Parcel 1 in the same or <br /> Purchase Agreement Page 7 of 13 <br /> 469680v2 SJS EL185-36 <br />
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