4.4. SR 08-07-2107 - Laserfiche WebLink

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(c) Defects. The Sellers are not aware of any latent or patent defects in the Property, such as sinkholes, weak soils, unrecorded easements and restrictions. (d) Legal Compliance. The Sellers have complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions pertaining to and affecting the Property and the Sellers shall continue to comply with such laws, ordinances, regulations, statutes, rules and restrictions. (e) Legal Capacity. The Sellers has the legal capacity to enter into this Agreement. The Sellers have not filed, voluntarily or involuntarily, for bankruptcy relief within the last year under the United States Bankruptcy Code, nor has any petition for bankruptcy or receivership been filed against the Sellers within the last year. (f) Sewer and Water. The Sellers warrant that the Property is connected to City sewer and City water. (g) Mechanics' Liens. The Sellers warrant that, prior to the closing, the Sellers shall pay in full all amounts due for labor, materials, machinery, fixtures or tools furnished within the 120 days immediately preceding the closing in connection with construction, alteration or repair of any structure upon or improvement to the Property. (h) Legal Proceedings. There are no legal actions, suits or other legal or administrative proceedings, pending or threatened, that affect the Property or any portion thereof-, and the Sellers have no knowledge that any such action is presently contemplated. (i) Leases. The Sellers represent that there are no third parties in possession of the Property, or any part thereof; and that there are no leases, oral or written affecting the Property or any part thereof. 0) Broker Commission. The Buyer represents to the Sellers that it has not utilized the services, of any real estate broker or agent in connection with this Agreement or the transaction contemplated by this Agreement. The Sellers represents to the Buyer that the Sellers have not utilized the services of any real estate broker or agent in connection with this Agreement or the transaction contemplated by this Agreement. Each party agrees to indemnify, defend, and hold harmless the other party against and in respect of any such obligation and liability based in any way upon agreements, arrangements, or understandings made or claimed to have been made by the party with any third person. (k) Structures. The Sellers warrants that the buildings, if any, are entirely within the boundary lines of the Property. The parties acknowledge that the Property is being sold in "as is" condition relating to the structural, operational, and mechanical. systems. (1) Foreign Status. The Sellers are not "foreign persons" as such term is defined in the Internal Revenue Code. 6 503326v3 JSB EIA 85-52