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1~ <br />respect,, or (ii) any requirement under any law, regulation or <br />ordinance, local, State or federal, which requires the <br />elimination or removal of any hazardous materials, substances, <br />wastes or other environmentally regulated substances by Buyer or <br />Seller or any transferee or assignee of Buyer, the Deed of Trust <br />Trustee or Seller. <br />(4) Should the Phase I disclose the existence on the <br />Property of any hazardous materials, substances, wastes or other <br />environmentally regulated substances (including without <br />limitation, any materials containing asbestos), a condition <br />precedent to Buyer's obligation to close on the sale of the <br />Property is that the following be done at Seller's expense: (i) <br />any such material or substance located on the Property be <br />removed, (ii) other found contaminants be removed from the <br />Property, (iii) that a copy of a certificate demonstrating <br />removal and clean-up be provided to Orange County, c/o Pamela <br />Janes, Director of Purchasing and Central Services, 132 E. King <br />Street, Hillsborough, North Carolina 27278, as soon as the <br />certificate is available and (iv) that the original of the <br />certificate be provided to Buyer at the closing. <br />(5) Seller's obligations under this subsection (f) <br />shall continue in full effect notwithstanding receipt of the <br />Required Payments or foreclosure under the deed of trust or <br />delivery of a deed in lieu of foreclosure. <br />7 <br />