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10-19-2015 Planning Commission Packet
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10-19-2015 Planning Commission Packet
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make a good faith e�ffart to natify Saller in advanoe af the dates a� times Pwrhascr plans to <br /> req.uire accass to the Property fas purpoaes af the Investigatian (emsail is su�tae�t). Purchasct <br /> ah�il pay all casts and expen�es of lnvestigatioa and Purcbaser shall hold hermleas sad <br /> indemnify the Properiy and Sella, his heirs, suc�ceasars and assigns, from and again�t atty snd <br /> all cIsims, suits, loss�, iiabilitics, snd ezpen�as (includi�6 attorne}''s faes, expert's fee8, ead <br /> othsr expenscs of litigation) on ac�ouat of i�jury to ar death of eay pe�ons (}acludin� <br /> Purchaser'B} or damage to pmperiy or c�ntamination of or advcrse effects on th� enviroamant <br /> or lieas ageinat 5cllat or t�re.Proparty, cau�od by Putr�er's entry vnta the Froperty. <br /> Purcheser's obligations under this Section 7 shall survive tha termination of this Agrecment or <br /> thc Closing. Pw�cha�cr s�aIl rcpa�ir and resto� any da�m�age tio the Praperty asuaed by or <br /> occvrrin.g during Purchaser's Imest�tion sod roturn ffie Proporty to sub�tfatly the smne <br /> condition as atis�od prior to any Ia�on. Purchaaer she�ll have the right ia fta solo <br /> discreticm to ca�ac#variaua public offcials snd administratozs to verify infarmation regscdin8 <br /> thc statu�of t�u Praperty and to dttazmine that the Property is suitable f�Or Purchaser's i�en�dcd <br /> t�e. <br /> 8. R,�t�I,ESTATE T.�XE3 AND SP�CIAL ASSESSMENTS <br /> (a) T�ces ShaII Be Praasted. Real estate taxes attributable to thc Propesty du� and <br /> payabte in the year of Closing ahall bo protated based ou land value ans� sque� <br /> fi�atage ta the date of Closing. Reel estats taxes att�butabl�to thc Property and <br /> due and payable in yeare p�ior to tha year of Ciosing,including but nat limitod to <br /> any defe�red nosl ast� �taxes under Minne,�sota Statutes, the fo-c�llod "CmGn <br /> Acr�s Rscap�tt�n�"� eatchrup or ad,�ustment in ftrinre taxos dtie as a result of <br /> Seller's Properiy hs�iag been clessified under aay deaignation autho�ized by 1aw <br /> ta obtain a speeial low ad v�loz+� tax rate or receive aither an a�t or <br /> daferm�t of ad vaiorem�tes,shall be paid by Sall�. <br /> (b) Special As�essm�n� AU levied as�ssmeats� duz and gayable in tha ycer of <br /> Closing r�g to the Pmperty ahell be pr�-ratec� b�ed on land ve�ue and aqusre <br /> foota�e betwe+Gt� Purch� a�d 3eller as of the da�e af Clas'u�g. A]I levied <br /> essess�nente peyable for�e yearss prior to Closing shell be psid by Beller and a11 <br /> levied ss�ssments due and peyehle afl� the ye�r of Closing sh,all be paid by <br /> Pin�chaser. <br /> 9. PQ3SESSION. �e11er shsll deliv�r pa�ssion of�e Pmperty t� Purchaser on tho da#� <br /> of Closing. <br /> L0. �EPRESENTATIOI� QF BELLER Sellor does hereby covenant� warrent aad <br /> represeat to Ptu�chesor,to tha best of his lmowlodge,as follows: <br /> {a) Sell�r has marlc�table and insurabk title to the Pr�perty of c�ecord, free and clear <br /> of all liena, cacumbrances, leases, claims and cherges, all mateaiai eas�mtnts, <br /> rights-of-way, eovensnts, oon�litions end res�ictions aad a�ny other matterrs <br /> affecting the title,excxpt for the Pcrmittod Exceptions. <br /> 3 <br /> �s�sis� <br />
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