Agenda - Council - 12/13/2005 - Laserfiche WebLink

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13. CLOSING. Closing shall be at the office of REGISTERED ABSTRACTERS, 1NC., 2115 - 3~d Avenue North, Anoka, Minnesota 55303, or such other office as the BUYER and SELLER may hereafter agree. Closing shall take place January 31, 2006, or such earlier date as the parties hereto may agree upon. On the closing date, BUYER shall deliver the Purchase Price to SELLER and SELLER shall execute and/or deliver to BUYER the following (collectively, "SELLER's Closing Documents"): A warranty deed, conveying the Property to BUYER, free and clear of all liens, security interests, leases, restrictions, charges and encumbrances, other than described or attached hereto as Permitted Encumbrances. b. A well certificate. c. If the Property contains or contained a storage tank, an affidavit with respect thereto, as required by Minn. Stat. Section 116.48. A non-foreign affidavit, (FIRPTA affidavit) properly executed and in recordable form, containing such information as is required by IRC Section 1445(b)(2) and its regulations. e. If Torrens, the owner's duplicate certificates of title, if any, regarding the Property. f. An appropriate Federal Income Tax reporting form, if any is required. Such further affidavits of SELLER, certificates of value or other documents as may be reasonably required by BUYER's title company in order to record the SELLER's Closing Documents and issue BUYER the owner's title insurance policy required by this Agreement. 14. "AS IS". The Property being purchased by BUYER, including the buildings, other improvements, systems, fixtures, 'if any, is being sold "as is" without warranties, guaranties or representations of any kind. BUYER understands and agrees that BUYER is not relying on any representations or disclosures made regarding the condition of the Property by the SELLER and BUYER hereby waives any claim, cause of action or suit against the SELLER based on the condition of the Property, or as a result of any representations by SELLER, either written or verbal. The provisions of this paragraph supercede any other language contained in this Agreement regarding the subject hereto. BUYER hereby further agrees that the SELLER shall have no further responsibility or liability with respect to the condition of the Property being sold subsequent to closing and the transfer of the warranty deed. The provisions of this Agreement shall sm-vive closing and delivery of the warranty deed. The terms and conditions of this Paragraph 14 shall not limit the right of the BUYER, pursuant to Paragraph 7. REVIEW PERIOD, herein to terminate this Agreement. 15. EVIDENCE OF TITLE. Evidence of Title. Within ten (10) days after execution of this Agreement, SELLER shall fm'nish BUYER: -541-