Laserfiche WebLink
<br />Property for the purpose of conducting an environmental assessment. Further, the Buyer or the <br />Buyer’s agent shall have the right pursuant to the license to bring persons and equipment onto <br />the Property, make inspections and perform tests and analyses as the Buyer may deem <br />reasonable to determine the presence of any toxic or hazardous waste, substance, or petroleum <br />product or asbestos product, and ascertain soil conditions on the Property. The Buyer shall bear <br />the cost of the environmental assessment. If the results of the environmental assessment are not <br />to the satisfaction of the Buyer, the Buyer at its sole discretion may cancel this Agreement. If the <br />Buyer cancels this Agreement pursuant to this provision, the Buyer shall restore the Property to <br />its original condition or nearly so as is reasonably practicable. <br /> <br /> Real Estate Taxes and Special Assessments. <br />6.Real estate taxes payable in the <br />year of closing will be pro-rated between the Buyer and the Seller to the Closing Date. The Seller <br />shall pay all real estate taxes payable in previous years. The Seller also agrees to pay all <br />assessments related to service charges furnished to the Property prior to the Closing Date (e.g., <br />delinquent water or sewer bills, removed or diseased trees), including those charges levied, <br />pending, or certified to taxes payable in the year of closing. If closing occurs prior to the date the <br />amount of real estate taxes due in the year of closing are available from Sherburne County, the <br />current year’s taxes will be pro-rated based on the amount due in the prior year. <br /> <br /> Closing Date. <br />7.The Closing Date will be on or before September 1, 2017. Delivery <br />of all papers and the closing shall be made at the offices of Buyer, 13065 Orono Parkway, Elk <br />River, MN 55330, or at such other location as is mutually agreed upon by the parties. All <br />deliveries and notices to the Buyer shall be made to the above address and marked to the <br />attention of Amanda Othoudt. <br /> <br /> Possession/Utilities/Removal of Property/Escrow. <br />8. <br /> <br />Possession. <br />(a) The Seller agrees to deliver possession not later than the Closing <br />Date. <br /> <br />Utilities. <br />(b) City water and sewer charges, electricity and natural gas charges, fuel <br />oil and liquid petroleum gas shall be pro-rated between the parties as of the Closing Date. The <br />Seller shall arrange for final readings as of the Closing Date. <br /> <br />Fixtures and Materials. <br />(c) The Seller shall have the opportunity to salvage any <br />fixtures or materials from the building on the Property provided that the building is left secure <br />and provided that the removal does not create any hazardous conditions. The Seller assumes all <br />risk in undertaking any salvage operations. The Seller shall pay for all costs of salvage <br />operations in full prior to closing and shall not permit the attachment of any lien or encumbrance <br />on the Property as a result of this or other work thereon. <br /> <br />Inspection. <br />(d) The Buyer may inspect the Property immediately prior to closing. <br /> <br /> Seller Warranties. <br />9. The Seller hereby represents and warrants to the Buyer as <br />of the Closing Date that: <br /> <br />4 <br /> <br />505045v4 SJS EL185-13 <br /> <br />