2017-364 Planning - Seven Mile Farms, LLC - Offer to Purchase and Contract

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year following Buyer's installation of all necessary sewer infrastructures for the Project in the First Easement Area and the Second Easement Area. Seller understands and agrees that Buyer will clear all timber within the First Easement Area and the Second Easement Area 6. REPRESENTATIONS, WARRANTIES AND COVENANTS: Seven Mile Farm makes the following representations and warranties to Buyer as of the Effective Date and again as of the Closing Date: (a) Title. At the Closing Date, Seven Mile Farm shall have good, marketable, and indefeasible fee simple title to the First Easement Area and the Second Easement Area subject only to Permitted Exceptions. (b) Leases. There are no leases, licenses, or other agreements granting any person or persons the right to use or occupy the First Easement Area and the Second Easement Area other than an agricultural lease for 2017 to Morris Shambley. (c) Options. Seven Mile Farm has not granted any options nor is Seven Mile Farm committed nor obligated in any manner whatsoever to sell the First Easement Area and the Second Easement Area or any portion thereof to any party other than Buyer. (d) Construction Liens. Seven Mile Farm has not and will not contract for improvements to be made to the real estate within the First Easement Area and the Second Easement Area prior to the Closing Date. (e) Authority. Seven Mile Farm has full power and authority to enter into this Agreement with regard to the sale and conveyance of the First Easement and the Second Easement. This Agreement, when executed and delivered by a Manager of Seven Mile Farm, will constitute valid and legally binding obligations of Seven Mile Farm, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium,fraudulent conveyance and any other laws of general application.