10-25-1999 Council Packet - Laserfiche WebLink

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OCT 20 1999 14:49 FR HIHSHAW CULEERTSOM TO 92494b19 P.03/03 5) Existing Tenant; Personal Property Within Residence; Post-Closing Maintenance. Seller and Buyer understand that the property is presently leased to John Peipho and Joleen Pcipho, as Tenant, through April 30, 2000. Seller and Buyer shall give a joint notice to the Tenant after the closing that all subsequent rent payments are to be made to Buyer. Personal property located in the interior of the residence on the property not removed by the Seller within fifteen (15) days of the vacation of the property by the Tenants may be destroyed or removed by the Buyer. Seller shall continue to mahitain the property until the existing Tenant vacates the property. At closing, $2,000.00 shall be deposited in escrow upon wliich the Seller may draw, with the permission of the Buyer, to apply to such items of maintenance, repair, and replacement that may be necessary. If Seller docs not perform necessary maintenance. Buyer may do so and apply the monies held in escrovv to the expense of such maintenance. 6) Storage Tanks; Hazardous Substances; Pollutants. Seller warrants and represents as follows: A. To the best of Seller's knowledge, there arc not now, nor have there ever been underground or above ground storage tanks of any size or type located on the Property, other than a 250 gallon heating oil tank in the basement. B. To the best of Seller’s knowledge, there are no Hazardous Substances located on the Property. C To the best of Seller’s knowledge, no activity has been undenaken on the Propert)’ that would cause or contribute to the discharge of pollutants or of fluids into any water source or system, the dredging or filling of any waters or the discharge into the air of any emissions that would require a permit under the Federal Water Pollution Control Act. 33 U.S.C. §1251 et seq. or the Clean Air Act. 42 U.S.C. §7401 et seq. or any similar state law or local ordinance. 7) Seller has furnished Buyer with a properly executed Well Disclosure Statement. Buyer will be responsible, at its option, for scaling or maintaining the disclosed well, at its expense. THE CITY OF ORONO Paul W. Larson Kathleen P. LarsoH By:, 007/22l818.'58 10/70/99 ♦ 4 TOTi:^. PhCjE.03