Laserfiche WebLink
Page 4 of 11 <br /> <br />____________ ____________ ____________ ____________ <br /> Initials Initials Initials Initials <br /> <br /> <br />required by local ordinance or lending regulations, Seller does not plan to have the <br />property inspected. Other than the representations made in this paragraph 10, the <br />property is being sold “AS IS” with no express or implied representations or warranties <br />by Seller as to physical conditions, quality of construction, workmanship, or fitness for <br />any particular purpose. (This paragraph is not intended to waive or modify any <br />provisions of MINN. STAT., Chapter 327A.) <br />11. DISCLOSURE OF NOTICES. Seller has not received any notice from any <br />governmental authority as to violation of any law, ordinance or regulat ion. If the <br />property is subject to restrictive covenants, Seller has not received any notice from any <br />person as to a breach of the covenants. <br />12. TRUTH-IN-HOUSING. Buyer acknowledges receipt of the Truth -in-Housing <br />Disclosure Report or other inspection report if required by the municipality in which the <br />property is located. <br />13. POSSESSION. Seller shall deliver possession of the property not later than the date of <br />closing. All interest, fuel oil, liquid petroleum gas, and all charges for city water, cit y <br />sewer, electricity, and natural gas shall be prorated between the parties as of the date of <br />closing which shall be on or before the 19th day of July 2019. <br />14. ENVIRONMENTAL CONCERNS. To the best of Seller’s knowledge there are no <br />hazardous substances, or underground storage tanks located on the premises. To the best <br />of Seller’s knowledge, the swimming pool functions for the purpose for which it is <br />intended, that it does not now need repairs or service, that it is not missing any essential <br />parts and that its only imperfections are due to wear and tear. Buyer accepts the <br />swimming pool in “as is” condition. <br />15. WATER QUALITY. Seller/Buyer agrees to provide water quality test results if <br />required by governing authority and/or lender. <br />16. SEPTIC SYSTEM. Seller/Buyer agrees to provide, if required by the terms of this <br />Purchase Agreement or by governing authority and/or lender, a licensed ins pector’s <br />septic system inspection report or notice indicating if the system complies with <br />applicable regulations. Notice: A valid certificate of compliance for the system may <br />satisfy this obligation. Nothing in paragraphs 15 or 16 shall obligate sellers to upgrade, <br />repair or replace the septic system unless otherwise agreed to in this Purchase <br />Agreement. Buyer has received the well disclosure statement and a Subsurface Sewage <br />Treatment System Disclosure Statement or a statement that no well exists on the <br />property, and a septic system disclosure statement or a statement that no septic system <br />exists on or serves the property, as required by Minnesota statutes and the attached <br />Wetlands, Shoreland and Flood Plan Disclosure Addendum. <br />17. EXAMINATION OF TITLE. <br />A. ABSTRACT OF TITLE. Within a reasonable time after acceptance of this <br />Agreement, Seller shall furnish Buyer with an Abstract of Title and proper searches <br />covering bankruptcies and State and Federal judgments, liens, and levied and <br />pending special assessments. Buyer shall have ten (10) business days after receipt