4.9. SR 06-21-2021 - Laserfiche WebLink

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the City free and clear of all liens and encumbrances except the following items (allowable encumbrances): (i) Building and zoning laws, ordinances, state and federal statutes or other governmental regulations; (ii) Real estate taxes for which the City is responsible; (iii) Those items approved by the City pursuant to Section 5; and (iv) Reservation by third parties of any minerals or mineral rights in the State of Minnesota. (b) A customary affidavit that there are no unsatisfied judgments of record, no actions pending in any state or federal courts, no tax liens, and no bankruptcy proceeding filed against Copart, and no labor or materials have been furnished to the Copart Parcel for which payment has not been made, and that to the best of Copart's knowledge there are no unrecorded interests relating to the Copart Parcel. (c) The Plat for Cascade Industrial Park Third Addition consistent with the proposed plat attached hereto as Exhibit "D" to this Agreement (the "Plat"). (c) A quit claim deed to the City for Outlot A, Cascade Industrial Park Third Addition as shown on the Plat; (d) Such other documents required under Section 12. (e) Such other documents as may be reasonably required by the Title Company. 8. CITY'S CLOSING OBLIGATIONS. On the Closing Date, the City shall execute and deliver to Copart: (a) The duly executed limited warranty deed to the City Parcel conveying title to Copart free and clear of all liens and encumbrances except the following items (allowable encumbrances): (i) Building and zoning laws, ordinances, state and federal statutes or other governmental regulations; (ii) Real estate taxes for which Copart is responsible; (iii) Those items approved by Copart pursuant to Section 5; and (iv) Reservation by third parties of any minerals or mineral rights in the State of Minnesota. 215118v12 4