Agenda - Council - 01/14/1997 - Laserfiche WebLink

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:1 I I I I I I I I I I I I I I I I I JA~- '/-Y'/ TU~ 4:IY PM HARSTAD COMPANIES FAX NO. 612 635 IS91 12. Covenants, Representations and Warranties of Seller. 12.1 Agreement. Seller shall take no actions to encumber title to the Property after the date of this 12.2 Seller warrants that it has not used the Property for the storage of hazardous substances or petroleum products, and as of the date of the execution of this Agreement, is not aware of any facts the existence of which would constitute a violation of any local, state or federal environmental law, regulation or review procedure or which would give any person a valid claim under MERLA or CERCLA. Tho foregoing is applJ, eable only to Seller's actual knowledge of facts, and Seller represents that Seller has made no independent investigation of the Property. Buyer may enter onto the Property at any time prior to the Closing Date to make such environmental testing as Buyer deems necessary or advisable. 12.3 Seller warrants that there has been no labor or material furnished to the Property for which payment has not been made. 12.4 Seller warrants that there are no present violations ofm~y restriction relating to the use or improvement of the Property. 12.5 Seller will provide for extension of water and sewer to the property by 7/1/97, at Seller's expense. 12.6 The warranties made in this Section 12 shall survive until one (1) year after the date of dosing and delivery of the deed. 13. Covenants, Representations and Warranties of the Buyer. Buyer is general partnership under the laws of the State of Minnesota and has the power to enter into this Agreement and carry out its obligations hereunder. The signatories to this Agreement represent that they are authorized to execute this Agreement on behalf of the Buyer. 14. Well Disclosure. Buyer acknowledges receipt of a well disclosure statement from Seller, attached as Exhibit A to this Agreement. 15. Broker Commissions. Seller and Buyer each warrant that they have not engaged the services of any realtor, broker or any other person. 16. Miscellaneous. 16.1 This Agreement represents the complete and final Agreement of the parties and supersedes any prior oral or written understanding. This Agreement may be amended only by writing executed by both parties. This Agreement shall be binding on the parties hereto, their successors and assigns.