4.1. ERMUSR 07-12-2016 - Laserfiche WebLink

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8. REPRESENTATIONS BY SELLERS. Sellers represent to Buyer as follows, which representations shall be true and correct as of the Closing, and which representations are based on Sellers' actual knowledge only,without any inquiry or investigation by Sellers: (a) Authority. Sellers' execution, delivery, and performance by Sellers of such documents does not conflict with or result in a violation of any judgment, order, or decree of any court or arbiter to which Sellers are a party, or any agreement by which Sellers are bound; and such documents are and shall be valid and binding obligations of Sellers, enforceable in accordance with their terms. (b) Title to Property. Sellers own fee title to the Property, (c) Mechanic's Liens. All labor and materials which have been provided to the Property have been fully paid for or will be fully paid for,prior to the Closing Date. (d) Utilities. Sellers make no representations regarding utilities. (e) Rights of Others to Purchase the Property. Sellers have not entered into any other contracts, agreements or understandings, whether oral or written,for the sale of all or any portion of the Property, and there are no existing rights of first refusal or options to purchase all or any portion of the Property, or any other rights of others that might prevent the consummation of this Agreement. (0 Storage Tanks. There are no above-ground or underground tanks are located in or on the Property. (g) Wells and Septic. Sellers know of no wells on the Property. At the time of Closing, Sellers will deliver any required well certificate pursuant to applicable laws. To Sellers' knowledge, there is no "individual sewage treatment system" within the meaning of Minn. Stat. Section 115.55 on or serving the Property. (h) Assessments. Buyer shall make its own investigation regarding special assessments. (i) Litigation and Other Matters. Sellers have received no notice, and have no knowledge of any pending notice, of a violation of any statutes, ordinances, regulations, judicial decrees, or orders, or the pendency of any lawsuits, administrative or arbitration hearings, governmental investigations, proceedings, applications, petitioners, or other matters affecting the Property or the use thereof, except those which may have been initiated by or participated in by Buyer. (j) Rights of Others to Purchase the Property. Sellers have not entered into any other contracts, agreements or understandings, whether oral or written, for the sale of all or any portion of the Property, and there are no existing rights of first refusal or options to purchase all or any portion of the Property, or any other rights of others that might prevent the consummation of this Agreement. 6 187865v2 76