Resolution 6563 Attachment - Laserfiche WebLink

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make a good faith effort to notify Seller in advance of the dates and times Purchaser plans to require access to the Property for purposes of the Investigation (email is sufficient). Purchaser shall pay all costs and expenses of Investigation and Purchaser shall hold harmless and indemnify the Property and Seller, his heirs, successors and assigns, from and against any and all claims, suits, losses, liabilities, and expenses (including attorney's fees, expert's fees, and other expenses of litigation) on account of injury to or death of any persons (including Purchaser's) or damage to property or contamination of or adverse effects on the environment or liens against Seller or the. Property, caused by Purchaser's entry onto the Property. Purchaser's obligations under this Section 7 shall survive the termination of this Agreement or the Closing. Purchaser shall repair and restore any damage to the Property caused by or occurring during Purchaser's Investigation and return the Property to substantially the same condition as existed prior to any Investigation. Purchaser shall have the right in its sole discretion to contact various public officials and administrators to verify information regarding the status of the Property and to determine that the Property is suitable for Purchaser's intended use. 8. REAL ESTATE TAMES AND SPECIAL ASSESSMENTS (a) Taxes Shall Be Prorated. Real estate taxes attributable to the Property due and payable in the year of Closing shall be prorated based on land value and square footage to the date of Closing. Real estate taxes attributable to the Property and due and payable in years prior to the year of Closing, including but not limited to any deferred real estate taxes under Minnesota Statutes, the so-called "Green Acres Recapture", catch-up or adjustment in future taxes due as a result of Seller's Property having been classified under any designation authorized by law to obtain a special low ad valorem tax rate or receive either an abatement or deferment of ad valorem taxes, shall be paid by Seller. (b) Special Assessment. All levied assessments due and payable in the year of Closing relating to the Property shall be pro -rated based on land value and square footage between Purchaser and Seller as of the date of Closing. All levied assessments payable for the years prior to Closing shall be paid by Seller and all levied assessments due and payable after the year of Closing shall be paid by Purchaser. 9. POSSESSION. Seller shall deliver possession of the Property to Purchaser on the date of Closing. 10. REPRESENTATIONS OF SELLER. Seller does hereby covenant, warrant and represent to Purchaser, to the best of his knowledge, as follows: (a) Seller has marketable and insurable title to the Property of record, free and clear of all liens, encumbrances, leases, claims and charges, all material easements, rights-of-way, covenants, conditions and restrictions and any other matters affecting the title, except for the Permitted Exceptions. 3 181815v6