4.4. SR 08-07-2107 - Laserfiche WebLink

Home Browse Search

9. Seller Warranties. The Seller hereby represents and warrants to the Buyer as of the Closing Date that: (a) Title. The Seller has good, indefeasible and marketable fee simple title to the Property. (b) Condemnation. There is no pending or, to the actual knowledge of the Seller, threatened condemnation or similar proceeding affecting the Property or any portion thereof, and the Seller has no actual knowledge that any such action is contemplated. (c) Legal Compliance. The Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions Pertaining to and affecting the Property and the Seller shall continue to comply with such laws, ordinances, regulations, statutes, rules and restrictions, (d) Legal Capacity. The Seller has the legal capacity to enter into this Agreement. The Seller has 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 Seller within the last year. (e) Sewer and Water. The Seller warrants that the Property is connected to City sewer and City water. (f) Mechanics' Liens. The Seller warrants that, prior to the closing, the Seller 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. (g) 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 Seller has no knowledge that any such action is presently contemplated, (h) Leases. The Seller represents that the Property is currently being ]eased to . The Seller has provided the tenant with the required notice of its intent to terminate the lease. The Seller represents that the lease will be terminated prior to the Closing Date. With the exception of this lease, the Seller represents that there are no other third parties in possession of the Property, or any part thereof; and that there are no other ]cases, oral or written affecting the Property or any part thereof. (i) Broker Commission. The Buyer represents to the Seller 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 Seller represents to the Buyer that the Seller has 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 k, 5050450 SJS ELI 8 5-13