Laserfiche WebLink
DocuSign Envelope ID: 1 D7DF6CE-1 FE8-46C2-846A-D23B59B6B176 <br /> 8. PROPERTY SOLD AS IS. Subject to Buyer's right to terminate 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 /> an "AS-IS" and with "ALL FAULTS" condition. Buyer's payment of the Purchase Price <br /> at Closing constitutes Buyer's acknowledgment and agreement that: <br /> a. Seller has not made any written or oral representations or warranties of any kind <br /> with respect to 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 or employees with respect to the condition or value of the <br /> Property; <br /> c. Buyer has had an adequate opportunity to inspect the condition of the Property, <br /> including without limitation any environmental testing, and to inspect documents <br /> applicable thereto, and Buyer is relying solely on such inspection and testing;and <br /> d. The condition of the Property is fit for Buyer's intended use. <br /> e. Buyer accepts all risk of Claims (including without limitation all Claims under <br /> any Environmental Law and all Claims arising at common law, in equity or under <br /> a federal, state or local statute, rule or regulation)whether past, present or future, <br /> existing or contingent, known or unknown, arising out of, resulting from or <br /> relating to the condition of the Property, known or unknown, contemplated or <br /> uncontemplated, suspected or unsuspected, including without limitation the <br /> presence of any Hazardous Substance on the Property, whether such Hazardous <br /> Substance is located on or under the Property, or has migrated from or to the <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 to 180 days from the <br /> Effective Date (the "Inspection Period")to investigate the Property and <br /> determine, in Buyer's sole judgment,whether(i)the condition of the Property is <br /> suitable to Buyer's intended use; and(ii) Buyer will be able to obtain all <br /> governmental approvals (including, but not limited to, approvals necessary to <br /> subdivide and re-plat the Property) and utilities necessary for Buyer's intended <br /> use of the Property. Buyer acknowledges and agrees that Seller has not made any <br /> covenants, representations or warranties 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 on any applications <br /> Buyer submits to the City for governmental approvals in accordance with City <br /> Code. <br /> 2636471.v4 Page 4 of 12 <br />