5.1. HRSR 06-20-2023 - Laserfiche WebLink

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do any of the following: 8.2.1. Terminate this Agreement by giving written notice to the HRA within 10 days after the expiration of the Cure Period and neither the HRA nor the Buyer shall have further rights or obligations hereunder. In such event the HRA shall return all Earnest Money to the Buyer. 8.2.2. Waive the Objections and proceed to close without reduction in the Purchase Price. The Buyer shall make the election within 10 days after expiration of the HRA’s Cure Period. A failure to make an election within such period shall be deemed an election to proceed to close pursuant to Subsection 8.2.2. 9. REPRESENTATIONS AND WARRANTIES BY THE HRA. The HRA represents and warrants to the Buyer that the following are true in all material respects now and, as modified by any changes about which the HRA notifies the Buyer in writing following after the date hereof, will be true in all material respects on the Closing Date: 9.1. Authority. The HRA is a public body corporate and politic, duly created under and subject to the laws of the State of Minnesota; the HRA has the requisite power and authority to enter into and perform this Agreement and those HRA Closing Documents signed by it; such documents have been or will be duly authorized by all necessary action on the part of the HRA and have been or will be duly executed and delivered; such execution, delivery and performance by the HRA of such documents does not conflict with or result in a violation of any judgment, order, or decree of any court or arbiter to which the HRA is a party; such documents are valid and binding obligations of the HRA, and are enforceable in accordance with their terms, subject to bankruptcy, reorganization, insolvency, moratorium and other laws affecting the rights and remedies of creditors generally and principles of equity. 9.2. Utilities. The HRA has received no notice of actual or threatened curtailment of any utility service now supplied to the Property. 9.3. Rights of Others to Purchase the Property. The HRA has not entered into any other contracts for the sale of the Property, nor are there any rights of first refusal or options to purchase the Property or any other rights of others that might prevent the sale of the Property contemplated by this Agreement. · 9.4. Use of the Property. To the best of the HRA's knowledge without investigation, the Property is usable for its current uses without violating any federal, state, local or other governmental building, zoning, health, safety, platting, subdivision or other law, ordinance or regulation, or any applicable private restriction. 9.5. Proceedings. There is no action, litigation, investigation, condemnation or proceeding of any kind pending or, to the best of the HRA’s knowledge without EL185-13-882695.v2