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214273v12 8 <br />advertising agreements and contracts with governmental or <br />regulatory agencies affecting the Property or the operation and <br />maintenance thereof. <br /> <br /> 18. Access to Property. Seller shall allow Purchaser and its agents access to the <br />Property for an inspection thereof. Purchaser may conduct soil tests, soil borings and other tests <br />of the Property. As a condition of such entry, Purchaser indemnifies and saves Seller harmless <br />from and against any liability (including liability for bodily injury, death, and reasonable <br />attorneys' fees) and any mechanic lien attaching to the Property as a result of the work performed <br />in making any such inspection. If, as a result of Purchaser’s inspection of the Property and such <br />documents, Purchaser, for any reason, is dissatisfied with the Property or such documents, <br />Purchaser shall have the absolute right to terminate this Agreement. Not later than thirty (30) <br />days after execution hereof, Purchaser shall deliver notice to Seller of its decision (the "Notice of <br />Decision") to either exercise their right of termination or to continue this Agreement. If this <br />Agreement is so terminated, neither party shall have any further rights or obligations hereunder, <br />except that Purchase will be entitled to the return of the Earnest Money. <br /> <br /> 19. Well and Septic Systems. The Seller agrees to disconnect the well and septic to <br />the Clubhouse located on the Property and to connect the Clubhouse to the city water and sewer <br />system and to cap the septic system at Seller’s cost prior to closing. <br /> <br /> 20. “AS-IS” Sale. EXCEPT AS EXPRESSLY SET FORTH IN THIS <br />AGREEMENT, IT IS UNDERSTOOD AND AGREED THAT SELLER IS NOT <br />MAKING AND HAS NOT AT ANY TIME MADE ANY WARRANTIES OR <br />REPRESENTATIONS OF ANY KIND OR CHARACTER, EXPRESS OR IMPLIED, <br />WITH RESPECT TO THE PROPERTY, INCLUDING, BUT NOT LIMITED TO, ANY <br />WARRANTIES OR REPRESENTATIONS AS TO HABITABILITY OR FITNESS FOR <br />A PARTICULAR PURPOSE. <br /> <br />PURCHASER ACKNOWLEDGES AND AGREES THAT, UPON THE CLOSING, <br />SELLER SHALL SELL AND CONVEY TO PURCHASER AND PURCHASER SHALL <br />ACCEPT THE PROPERTY IN ITS “AS IS, WHERE IS, WITH ALL FAULTS” <br />CONDITION, EXCEPT TO THE EXTENT EXPRESSLY PROVIDED OTHERWISE IN <br />THIS AGREEMENT, INCLUDING, BUT NOT LIMITED TO ALL STRUCTURES, <br />FIXTURES, PERSONAL PROPERTY AND EQUIPMENT INCLUDED IN THE <br />CONVEYANCE CONTEMPATED UNDER THIS AGREEMENT. BUYER FURTHER <br />ACKNOWLEDGES THAT THE PURCHASE PRICE REFLECTS AND TAKES INTO <br />ACCOUNT THAT THE PROPERTY IS BEING SOLD “AS IS, WHERE IS, WITH ALL <br />FAULTS.” <br /> <br />PURCHASER REPRESENTS TO SELLER THAT, PRIOR TO CLOSING, <br />PURCHASER WILL HAVE CONDUCTED SUCH INVESTIGATIONS OF THE <br />PROPERTY, STRUCTURES, FIXTURES, PERSONAL PROPERTY AND EQUIPMENT <br />INCLUDED IN THIS CONVEYANCE, INCLUDING BUT NOT LIMITED TO, THE <br />PHYSICAL AND ENVIRONMENTAL CONDITIONS THEREOF, AS PURCHASER <br />DEEMS NECESSARY OR DESIRABLE TO SATISFY ITSELF AS TO THE