Agenda - Council - 12/09/2008 - Laserfiche WebLink

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valid and binding obligations of SELLER, and are enforceable in accordance with their terms. (b) No Rights to Purchase. SELLER has not granted or entered into, as applicable, any right, agreement, commitment, option, right of first refusal or any other agreement, whether oral or written, with respect to the purchase, assignment or transfer of a1T or any portion of the Property. To the best knowledge of SELLER, no party other than SELLER has or claims any unrecorded or undisclosed .legal or .equitable interest in the Property. (c) SELLER's Defaults. To the best knowledge of SELLER, SELLER is not in default concerning any of his obligations or liabilities regarding the Property. (d) No Liti ation. SELLER has not received notice of any actual or pending litigation or proceeding by any organization, person, individual or governmental agency against SELLER with respect to the Property or against the Property.. (e) Boundary Lines of Land. There is no pending litigation and SELLER has no knowledge nor has SELLER received notice, of any dispute, concerning the location of the lines and corners of the Property, and SELLER has not been served with any legal action concerning the. location of the lines and corners of the Property. (f) No Notices Affecting Use. SELLER has not received any notice of a condemnation, environmental, zoning or other regulation or proceeding being instituted or planned which would detrimentally affect the use. and operation of the Property for its intended purpose. (g) No Pending Assessments. SELLER has not received any notice of hearing of a public improvement project from any governmental assessing authority, the costs of which may be assessed against the Property. (h) Wells. There is an existing well on the Property as disclosed in the attached Well Disclosure Statement (this statement being made pursuant to the disclosure requirements of Minnesota Statutes section 103I.235). (i) Individual Sewer S sy tem. There is an individual sewage treatment system on the Property serving the Property (this statement being made pursuant to the disclosure requirements of Minnesota Statutes Section 115.55). (j) No Underground Tanks; Above Ground Tank Status. SELLER does not know of any underground or above ground storage tanks currently on the Property, or any underground or aboveground storage tanks formerly on the Property that had a release for which no corrective action was taken, except as may otherwise be disclosed in the, affidavit filed of record, copies of which will be supplied to BUYER (this statement being made pursuant to the disclosure requirements of Minnesota Statutes section 116.48). -40-