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Agenda - Council - 10/25/2005
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Agenda - Council - 10/25/2005
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3/21/2025 1:57:42 PM
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10/24/2005 11:45:29 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
10/25/2005
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A well certificate. <br /> <br />If the Property contains or contained a storage tank, an affidavit with respect <br />thereto, as required by Minn. Stat. Section 116.48. <br /> <br /> non-foreign affidavit, (FIRPTA affidavit)-properly executed and in <br />recordable form, 'containing such information as is required by IRC Section <br /> 445(b)(2) and its regulations. <br /> <br />If Torrens, the owner's duplicate certificates of title, if any, regarding the <br />Property.. <br /> <br />f. An appropriate Federal Income Tax reporting form, if any is required. <br /> <br />Such further affidavits of SELLER, certificates of value or other documents <br />as may be reasonably required by BUYER's title company in order to record <br />the SELLER's Closing Documents and issue BUYER the owner's title <br />insurance policy required by this Ageement. <br /> <br /> 15. "AS IS". The Property.being purchased by BUYER, including the buildings, other <br />improvements, systems, fixtures, if any, is being sold "as is" without warranties, guaranties or <br />representations of any kind. BUYER understands and agrees that BUYER is not relying on any <br />representations or disclosures made regarding the condition of the Property by the SELLER and <br />BUYER hereby waives any claim, cause of action or suit against the SELLER based on the <br />condition of the Property, or as a result of any representations by SELLER, either written or verbal. <br />The provisions of this paragraph supercede any other language contained in this Ageement <br />regarding the subject hereto. BUYER hereby further a~ees that the SELLER shall have no ftn'ther <br />responsibility or liability with respect to the condition of the Property being sold subsequent to <br />closing .and the transfer of the warranty deed..The provisions of this Agreement shall survive <br />closing and delivery of the warranty deed. The terms and conditions of this Paragraph 14 shall not <br />limit the right of the BUYER, pursuant to Paragraph 7. REVIEW PERIOD, herein to terminate this <br />Agreement. <br /> <br /> 16. EVIDENCE OF TITLE. Evidence of Title. With/n ten (10) days after execution <br />of this Agreement, SELLER shall furnish BUYER: <br /> <br />An Abstract of Title or Registered Property Abstract, together with proper' <br />searches .covering bankruptcy, federal and state judgments and tax liens, real <br />estate taxes and special assessments. <br /> <br />A commitment for an ALTA owner's policy of title insurance covering the <br />Property issued by Registered Abstracters Inc. <br /> <br />SELLER may provide a title commitment issued by Registered Abstracters, <br />thC. to BUYER and, in that case, BUYER waives any claim for an Abstract <br />of Title or Registered Property, Abstract. <br /> <br />-304- 6 <br /> <br /> <br />
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