8.2. SR 09-08-2020 - Laserfiche WebLink

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G, indemnity, Owner agrees to indemnify Broker from and against any and all liability, lass, cost, damage and expense, including reasonafle consultant and attorney's fees, resulting from or due to claims made by any patty arising out of the release or threatened release of hazardous substances, hazardous waste, pollutants or contaminants which were, or are claimed or alleged to have been, deposited, stored, disposed of, placed or otherwise located or allowed to be located on the Property by Owner or its agents, employees or contractors. As used herein, the term "hazardous substances;" "hazardous waste; "pollutants" and"contaminant"' mean any substances, waste, pollutant or contaminant now or hereafter included within such terms under any federal, state or local statute, ordinance, code or regulation now existing or hereafter enacted or amended_ Owner agrees to indemnify and hold Broker harmless from any liability or damages arising from any incorrect information supplied by Owner or any information which Owner fails to supply. 7. Security Agreement. As security for Bmkees We Commission, Owner hereby grants to Broker a security interest in the sale proceeds from any Sale of the Property. 8, Dual Agency Disclosure. If a purchaser represented by Broker becomes interested in the Property, a dual agency will be created. This means t ra er will represent both Owner and the purchases and owes the same duties to the purchaser that Broker owes to Owner. This conflict of interest will prohibit Broker from advocating exclusively on Owner's behalf Dual agency will limit the level of representation which Broker can provide. If a dual agency should arise, Owner will need to agree that confidential information about price, terns and motivation will still be kept confidential unless Owner instructs Broker in writing to disclose specific information about Owner. All other infomiation will be shared. Broker cannot act as a dual agent unless both Owner and the purchaser agree to it. By agreeing to a possible dual agency, Owner will be giving up the right to exclusive representation in an in-house transaction. However, if Owner should decide not to agree to a possible dual agency, and Owner wants Broker to represent Owner, Owner may give up the opportunity to sell the Property to purchasers represented by Broker. r OWNER'S INSTRUCTIONS TO BROILER Having read and understood this information about dual agency, Owner now instructs Broker as follows- C3 X Owner will "c to a dual agency representation and will consider offers made by purchasers represented by Q Broker, Owner will not agree to a dual agency representation and will not consider offers made by purchasers represented by Broker. Owner. (signature) Broker. (signature) Agent: (signature) L 4. Limitation on Bmkees Authorization. Broker is not authorized to render any tax or legal advice with respect to the Sale of the Property and Owner agrees to I ook to accountants, attorneys and/or other professionals of its choosing for specific advice with �) respect to any such transactions. � 10, Miscellaneous. a. In the event Owner breaches the terms of this Agreement and Broker engages legal counsel to enforce its rights hereunder, Broker shall be entitled to recover from Owner all attorneys' fees and related costs. r' b, This Agreement is intended as the complete and Final agreement of the parties and, as such, merges with and supersedes any and all prior communications between the parties, written or oral. This Agreement shall not be changed, altered or modified, { and no provision may be waived except by an instrument in writing signed by the party against whom such change, modification or waiver is sought C. This Agr+ecvnent shall bind Owner, Broker and their respective successors and/or assigns. d. This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota. Receipt is acknowledged of a copy of this Agreement. L BROKER: OWNER: Integrust Advisory Group, LLC, a Minnesota Limited Liability R & B Investments Company dba IAG Commercial RIVA