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Sections 16, and 17, BUYER is purchasing the Property in "AS IS" condition relying only on the representations set forth in Section 13. 16. BUYER'S CONTINGENCIES. BUYER's obligations under this Agreement are contingent on: a. the representations set forth in Section 13 being true, when made; b. the representations set forth in Section 13(b), 13(c) and 13(e) being true as of the Date of Closing; c. The Title Company's agreement to issue to BUYER, on the actual date of Closing, a 2006 ALTA Form Owner's Policy of Title Insurance subject only to a standard exception for matters that would be disclosed by an accurate survey of the Property and exceptions for Permitted Encumbrances. d. BUYER's determination in BUYER's reasonable discretion, and on or before October , 2012, that the condition of the Property and improvements are acceptable to BUYER. e. On or before October , 2012, BUYER obtaining a commitment for mortgage financing in an amount not less than percent ( %) of the Purchase Price, for a term of ( ) years, at an interest rate of not greater than percent ( %), with an amortization period of not less than ( ) years ("Financing Commitment") and providing a copy of such Financing Commitment to SELLER. f. If prior to Closing, SELLER subjects the Property to a Master Declaration, or the City of Ramsey establishes a special service district pursuant to Minnesota Statute Chapter 428(A) that includes the Property, BUYER's obligations under this Agreement are contingent upon BUYER's approval of the recorded Master Declaration and related documents and/or the ordinance establishing the special service district. If BUYER does not approve of the Master Declaration, or other related documents, or the ordinance adopting the special service district, BUYER may, at any time prior to the Date of Closing, terminate this Agreement pursuant to Section 18. g- The City's preliminary and final approval of a plat that subdivides Outlot H, Ramsey Town Center Addition, Anoka County, Minnesota, into the Property and one or more other lots or outlots together with any other site plan approval required by the City. If the SELLER notifies BUYER in writing that the Plat is materially revised from the version attached as Exhibit F, the revised Plat shall be subject to BUYER's prior written approval; provided, however, that BUYER must notify SELLER regarding any objections to the revised Plat within ten (10) business days of receiving SELLER' s notice of the revised Plat or the revised Plat will be deemed acceptable to BUYER. h. BUYER's acquisition of any rezoning or subdivision approvals, variances, conditional use permits, licenses, operating permits or other federal, state or local approvals or permits (collectively, the "Permits") necessary for BUYER's construction of 10