Agenda - 08-27-2012 - C2 - Laserfiche WebLink

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county, municipaI and other loca; lav�s, regutations and ordinances that are simiiar to such federal laws or that regtzlat� Hazardous ;VIat�ri�ls. The term "Hazardous Materials" includes petroleum, including �rude oil or any fraction tflereaf, natural gas,natural gas liquids, liquified natural gas, or synthetic gas usable Par £uel (or mixhires af natural �as or such synthetic �as), asbestos and �sbestos contait�ing materia(s, palychtorinated bipl�enyls and any subst�nce, mat�rial waste,pailutant or confaminant tisted or defined as hazardous or toxic urs�iei•any Environ�nental Law. {c) Undereround 5torage Tanks �eptic Fietds. �'i�ere are no underb ound storage tanks or septic fielcls present�:r..t�lze Pror�erky, wi#h fhe etception of the tank ar tanks associated with the house and targe stable b��i3dit�g situated c�n#he Pmperty. Seller�n�ill show the Iocation of atl st�ch tank(s)to Purchaser prior to expiration ofthe tiispection Period. (d} Tenancies,_gthe�� Parties in Possessian. AY Closing there will be no leases, tenants, or ather parties in pc�ssessic�n of tl�e Pro�erty, Buy�r a�ees that Seller may lease ta tenants during the tetm of �kiis Ageement prouir�ed s�ich tena�tt is req2aired to vacata the Proparty no less than thirty(30}days prior to Closing. (e) Vir.la�i�n af�aws. 5�11��• has not receivad zio#ice of violatian of any iaw, ordinance, regulation,4r reqttir�ment affecting the Property or Sei�er's ns�of th�Property. (fr} C�tademnatian;_Loning; Lanc�Use. Seiier has not��eceived notice af any condemnatian, zaning, or tand�usP prac��din;s affecting the Prope►ty, and is aware af no fact or condieion, inciud'uig campliance with any apn3icable res�rictive cavenants ar municipal reguia€ians that af�ects ar co�Id afPeet l�urchaser's intend�ci reside��tiat construction and use of the Pp•operty, (g) I€ti;,ation. Tl�ere is no litigation pending c�r thraatened against�eller or the Fraperty that woulc�affect the Prop�rty or Seiler's ahility to gerForm it�obiigatigns under this Agreement. (h� Na CJther OYrIi aEi4n to Selt the Fro�ertv or Resiriction agair�st Sal�ing the FroperLy. Excepe fflr lien{s)of r�aartgages car deec3s of truse,if any,that will be paid in fu�l at closing with the proceeds of ths sale, 5eller t�as not obligated itsalf#o sel! the Property to any party other than Purc�aser. 5elier's per�ormance of this A.s7rePment tivili not caus�a bsear.h of any other agreement c�r obIigation to which Seller is a party ar to w}�ich if is bound. {i) Nc�Lie�s. �n the Clt�sing Date,�he Prr�perty wili be free and clear af aIi meehanic's�nd materialman's Iiens arad other li��s and erscwnbrances af any nature excepf the FermiEted Excepticans, and no work or znaterials will have heen fumish�d to the Property that mzght give rise ko mechanic's, materialtnan's, o� o�er tiens against the F't�opec[y other than K�ork ar materials ta which Purchaser has consentecl. 6.2 Pnrchaser's Representation� and Warranties. As a material induceme�t to Se11�r to axecnte this Agreement�nB consummate this tra�saction,Purehaser represents and urarrants to Seller that: {a) Au;har�tv. Purchaser has the futl right and autharity and has obtained any and all consants requireci th�refor fc� enter into this A�;reement at�d perfarm its obligaiions hereunder. This Agreerrrent has heen a€�d all of tlie documanfis to be dslivered by Pu��chaser at the Ctosing will be auEhorized and prpperty executed and wiii constitute #he �alid and hiriding obtigatians af Purchaser, enfarceable i�i acco�•dance with their terms, (b) Con#'fic�s and Pendin�Action. There is no agreernent ta which Purchaser is a party or to Purchaser's ta�owledge bindi�zg on Purchaser which is in conflict with this Agreament. There is na actian ar proceeding pendi�g or to Parchaser's knowled�e, threatened, against Purehaser whicb chalIenges or impairs P�rchassr's abil�ly to execut�or perfarm its abliga�ious under this Agreement. 6.3 Survivai of Re resentatians and Warranties. The representatians and warranties set farth in tl�is Articie 6 ara made as of the date of this Ab eement and are remade as af the Ctosing Date and shal! nat l�e deemed ta be merged irtta or uraived by ihe in�truments of Clasing, but shall survive the �losing for a peri�d of 6 inaraths, -b-