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G. Satisfaction of Land Contract. Seller and Buyer acknowledge that the <br />Property is subject to a certain Land Contract and agree that the Land Contract Holder will <br />receive payment for any remaining balance due pursuant to the Land Contract at Closing. <br />12. ACCEPTANCE OF PROPERTY "AS -IS" <br />Except as otherwise set forth herein, Buyer agrees to purchase the Property "as -is, where - <br />is" and without any representations or warranties by Seller as to the condition of the <br />property or its fitness for any particular use or purpose. Seller offers no such representation <br />or warranty as to condition or fitness, and nothing in this Agreement shall be construed to <br />constitute such a representation or warranty as to condition or fitness. <br />13. TAXES <br />Prior to Closing, Seller will pay all real property taxes accrued on or before the Closing <br />Date. Buyer will have no liability for any amount of real property taxes on the Property. <br />14. COMMISSIONS: ATTORNEY'S FEES <br />The Parties acknowledge that neither Buyer nor Seller is represented by any broker in <br />connection with the transaction contemplated in this Agreement. Buyer and Seller agree to <br />indemnify and hold one another harmless from any claim for commissions in connection <br />with the transaction contemplated in this Agreement. Each Party shall bear its own <br />attorney's fees, if any, and costs arising in connection with this Agreement and all related <br />matters. <br />15. INTERPRETATION: APPLICABLE LAW <br />Both Parties having participated fully and equally in the negotiation and preparation of this <br />Agreement, this Agreement shall not be more strictly construed, nor shall any ambiguities <br />in this Agreement be presumptively resolved, against either Party. This Agreement shall <br />be interpreted and enforced according to the laws of the State of Indiana. <br />16. INDEMNITY <br />The Parties agree to reimburse each other for any and all liabilities, claims, penalties, <br />forfeitures, suits, and the costs and expenses incident thereto (including costs of defense and <br />settlement), which either party may subsequently incur, become responsible for, or pay out <br />as a result of a breach by the other party in default of this Agreement. In the event of legal <br />action initiated by a third party as a result of a breach of this Agreement, the breaching party <br />shall assume the defense of the non -breaching party, including all costs associated therewith. <br />17. WAIVER <br />Neither the failure nor any delay on the part of a Party to exercise any right, remedy, power, <br />3 <br />