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8. PROPERTY SOLD AS IS. Subject toBuyer's right Uoterminate this Agreement <br />pursuant to Section 9, Buyer agrees to accept the Property in its current condition, <br />including, without limitation, its current environmental and geological condition, and in <br />on^AS-|S" and with "ALL FAULTS" condition. Buyer's payment ofthe Purchase Price <br />at Closing constitutes Buyer's acknowledgment and agreement that: <br />o, Seller has not made any written or oral representations or warranties of any kind <br />with respect k>the Property (including without limitation express or implied <br />warranties of title, merchantability, or fitness for a particular purpose); <br />b. Buyer has not relied on any written or oral representation or warranty made by <br />Seller, its agents oremployees with respect 10the condition orvalue o[the <br />c.Buyer has had anadequate opportunity to inspect the condition of the Property, <br />including without limitation any environmental testing, and to inspect documents <br />applicable thereto, and Buyer iurelying solely onsuch inspection and testing; and <br />d. The condition of the Property is fit for Buyer's intended use. <br />c. Buyer accepts all risk nfClaims (including without limitation all Claims under <br />any Environmental Law and all Claims arising at common law, in equity or under <br />u federal, state or local statute, rule or regulation) whether past, present orfuture, <br />existing nrcontingent, known orunknown, arising out of, resulting from or <br />relating to the condition of the Property, known or unknown, contemplated or <br />unonntcmp|uicd, suspected n,unsuspected, including without |innitubnn the <br />presence of any Hazardous Substance on the Property, whether such Hazardous <br />Substance ialocated onnrunder the Property, orhas migrated from nriothe <br />Property. <br />9. INSPECTION PERIOD. <br />a. Except as otherwise provided in Section 6, Buyer shall have from the date that <br />Buyer deposits the Earnest Money with Escrow Agent io880 days from the <br />effective date (the "Inspection Period"){oinvestigate the <br />Property and determine, in Buyer's sole judgment, whether (i) the condition of the <br />Property is suitable to Buyer's intended use; and (ii) Buyer will be able to obtain <br />all governmental oppnnvu|u (including, but not limited to, approvals necessary to <br />subdivide and re -plat the Property) and utilities necessary for Buyer's intended <br />use o[the Property. Buyer acknowledges and agrees that Seller has not made any <br />covenants, representations orwarranties regarding Buyer's ability to obtain <br />governmental approvals from the City of Ramsey or any other governmental <br />entity. The City of Ramsey will review, consider and act onany applications <br />Buyer submits to the City for governmental approvals in accordance with City <br />Code. <br />Page 4 of 12 <br />