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9 <br />Superfund Amendments and Reauthorization Act of 1986 ("SARA"), Public Law No. 99-499, <br />100 Stat. 1613. <br />(iii) Seller has fully disclosed to Buyer that, except for chemicals <br />used in the farming of the Property, Seller has no knowledge of the existence, extent and <br />nature of any hazardous materials, substances, wastes or other environmentally regulated <br />substances (including without limitation, any materials containing asbestos), in or under the <br />Property or use in connection therewith.. <br />(2) Seller's obligati ons under this Paragraph 3(f) shall survive the closing <br />for 2 years and continue in full effect notwithstanding receipt by Seller of the purchase price. <br />(g) Representations/Warranties. All representations and warranties contained in this <br />Agreement are true and correct as of the date of execution of this Agreement and will be true <br />as of the Closing Date and shall survive the Closing and execution and delivery of the Deed for <br />2 years and shall not be merged therein. Provided, however, the warranties contained in the <br />Deeds shall have a duration as provided by law. <br />4. SETTLEMENT CHARGES: <br />(a) Seller shall pay for the preparation of a deed, for the preparation and recording <br />of all documents necessary to convey marketable fee simple title free of liens and <br />encumbrances, and for the excise tax required by law. <br />(b) Buyer shall pay for recording the deed. <br />(c) Ad valorem taxes on the Property, if any, for the calendar year in which the <br />closing occurs shall be paid by Seller.. Buyer's s hare of the pro-rated ad valorem taxes on the <br />Property that would be charged to Buyer at the Closing if Buyer were not a North Carolina <br />local government shall be added to the purchase price as provided in Paragraph 1 of this <br />