7.4. HRSR 04-06-2020 - Laserfiche WebLink

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purchased the Property. The Sellers warrant that there are no underground fuel storage tanks on the Property. The Sellers hereby grant to the Buyer and the Buyer's agents a license to enter and evaluate the Property for the purpose of conducting an environmental assessment. Further, the Buyer or the Buyer's agent shall have the right pursuant to the license to bring persons and equipment onto the Property, make inspections and perform tests and analyses as the Buyer may deem reasonable to determine the presence of any toxic or hazardous waste, substance, or petroleum product or asbestos product, and ascertain soil conditions on the Property. The Buyer shall bear the cost of the environmental assessment. If the results of the environmental assessment are not to the satisfaction of the Buyer, the Buyer at its sole discretion may cancel this Agreement. If the Buyer cancels this Agreement pursuant to this provision, the Buyer shall restore the Property to its original condition or nearly so as is reasonably practicable. 6. Real Estate Taxes and Special Assessments. Real estate taxes payable in the year of closing will be pro -rated between the Buyer and the Sellers to the Closing Date. The Sellers shall pay all real estate taxes payable in previous years, the entire unpaid balance of special assessments, and all installments of special assessments levied and pending, including special assessments installments payable after the year of closing. The Sellers also agree to pay all assessments related to service charges furnished to the Property prior to the Closing Date (e.g., delinquent water or sewer bills, removed or diseased trees), including those charges levied, pending, or certified to taxes payable in the year of closing. If closing occurs prior to the date the amount of real estate taxes due in the year of closing are available from Sherburne County, the current year's taxes will be pro -rated based on the amount due in the prior year. 7. Closing Date. The Closing Date will be on or before June 1, 2020. Delivery of all papers and the closing shall be made at the offices of the Buyer, 13065 Orono Parkway, Elk River, MN 55330, or at such other location as is mutually agreed upon by the parties. All deliveries and notices to the Buyer shall be made to the above address and marked to the attention of Amanda Othoudt. 8. Possession/Utilities/Removal of Property/Escrow. (a) Possession. The Sellers agree to deliver possession not later than the Closing Date. (b) Utilities. City water and sewer charges, electricity and natural gas charges shall be pro -rated between the parties as of the Closing Date. The Sellers shall arrange for final readings as of the Closing Date. (c) Personal Property and Debris. The Sellers must remove all debris and personal property not included in this sale, including, all window treatments, and furniture from the Property prior to closing. The Sellers may remove all appliances. The Buyer may inspect the Property immediately prior to closing in order to ensure that removal of all debris and personal property has been completed. (d) Escrow. In the event that removal of debris and personal property has not been 4