Agenda - Council - 11/22/2022 - Laserfiche WebLink

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Date: November 2, 2022 Page 7of9 5. SPECIAL ASSESSMENTS. Buyer shall pay on or before the date of closing all current special assessments, pending or levied, for the property being purchased. 6. STATE DEED TAX. Buyer shall pay the cost of any state deed tax stamps required to be attached to the deed upon recording thereof in accordance with the requirements of any lawful authority. Buyer shall pay the cost of any Mortgage Registration Tax and the cost of any Title Insurance premium in connection with the purchase. 7. HAZARDOUS WASTE AND TOXIC SUBSTANCES. Seller shall provide all information to Buyer, within 10 days of the execution of this Purchase Agreement any Phase I and/or Phase II or any other Environmental tests that have been performed in the last twenty-four (24) months on the Property to Buyer. The Buyer, at its expense, may perform additional environmental testing to confirm that the premises are free and clear of any hazardous wastes or toxic substances. If such tests determine that said premises are contaminated and Seller does not correct said contamination, this agreement shall be null and void, all earnest money refunded to the Buyer and Buyer have no further recourse against Seller. Notwithstanding anything herein to the contrary, Buyer shall be solely responsible to determine whether there is any hazardous wastes and/or toxic substances on the property. Seller makes no representations as to the absence and/or presence of such wastes or substances. Buyer specifically waives and relinquishes any and all claims against the Seller for any costs, liability, and reimbursement for costs to clean the property relating to the presence of any hazardous wastes and/or toxic substances that may be on the property. This provision shall survive the delivery of the Quit Claim Deed at Closing. 8. REPRESENTATIONS OF SELLER. The parties signing this Agreement on behalf of Seller, hereby represent and warrant to Buyer that such persons have all authority to sign this Agreement on behalf of Seller. 9. DOCUMENTATION TO BUYER: Seller agrees to provide to the Buyer the following items within a reasonable time period following acceptance of this agreement: A. A true, correct and complete copy of any and all leases and rental agreements, with current occupants, including security deposits on file.