Agenda - Council - 10/09/2001 - Laserfiche WebLink

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-124- Such further affidavits of SELLER, certificates of value or other documents as may be reasonably required by BUYER's title company in order to record the SELLER's Closing Documents and issue BUYER the owner's title insurance policy required by this Agreement. 13. INSPECTION, BUYER expressly waives the right to perform inspections on the real property or the buildings thereon; however, SELLER agrees to contract to have the Property's soil evaluated. The soil evaluation shall be performed by a company selected by SELLER, and actual manner of evaluation shall be determined by SELLER. SELLER agrees to provide the soil evaluation results to BUYER. 14. "AS I$". The Property being purchased by BUYER, including the buildings, other improvements, systems, fixtures, if any, is being sold "as is" without warranties, guaranties or representations of any kind. BUYER understands and agrees that BUYER is not relying on any representations or disclosures made regarding the condition of the Property by the SELLER and BUYER hereby waives any claim, cause of action or suit against the SELLER based on the condition of the Property, or as a result of any representations by SELLER, either written or verbal. The provisions of this paragraph supercede any other language contained in this Agreement regarding the subject hereto. BUYER hereby further agrees that the SELLER shall have no further responsibility or liability with respect to the condition of the Property being sold subsequent to closing and the transfer of the warranty deed. The provisions of this Agreement shall survive closing and delivery of the warranty deed. 15. EVIDENCE OF TITLE. Evidence of Title. Within ten (t0) days after execution of this Agreement, SELLER shall furnish BUYER: An Abstract of Title or Registered Property Abstract, together with proper searches covering bankruptcy, federal and state judgments and tax liens, real estate taxes and special assessments. A commitment for an ALTA owner's policy of title insurance covering the Property issued by Registered Abstracters Inc. Co SELLER may provide a title commitment issued by Registered Abstracters, Inc. to BUYER and, in that case, BUYER waives any claim for an Abstract of Title or Registered Property Abstract. 16. EXAMINATION OF TITLE. BUYER shall be allowed until the date ten (10) days after receipt of such title evidence for examination of title and the making of any obi ections thereto, which objections shall be in writing or they will be deemed to be waived. If any objections are so made, SELLER shall be allowed until the date of closing to make such title marketable, and SELLER shall use all reasonable efforts to make such title marketable. If said title is not marketable and is not so made by the date of closing, as above provided, BUYER shall have the option off I I I I I I I I I I I I I I I I I I