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6.C.(6) Resolution No. 2505
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6.C.(6) Resolution No. 2505
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Closing, Seller shall assure that any occupants of the Property conduct <br />business on the Property in the manner in which it heretofore has been <br />conducted, in compliance with all federal, state, and local environmental laws <br />and regulations. Neither Seller nor any occupant shall create on the Property <br />any easements or other encumbrances, except as herein specifically <br />authorized, which would prevent Seller from conveying title to Purchaser <br />subject only to such exceptions as herein permitted. Seller shall further <br />refrain from entering into or extending any lease of the Property or altering <br />any interest the Seller may have to the detriment of the Purchaser, unless the <br />Seller first obtains the written consent of the Purchaser. In the event that a <br />least, casement or encumbrance exists with respect to the Property which <br />survives the Closing and does not appear on the Title Commitment, <br />Purchaser shall have the option to terminate, or be deemed the successor in <br />interest to, any such easement, lease or encumbrance, and the Seller hereby <br />agrees to indemnify and defend the Purchaser for any alleged claims or <br />damages resulting from the Purchaser's actions with respect to terminating <br />such easements, leases or encumbrances. <br />c. Except for any items to be assumed by Purchaser or to be prorated as set forth <br />in this Contract, Seller shall be solely liable for the payment of all expenses, <br />liabilities, obligations, and claims arising out of Seller's ownership and use of <br />the Property prior to Closing. <br />f. Scllcr shall have caused all occupants and tenants to have vacated the <br />Property on or before Closing, or shall take reasonable steps to have <br />occupants and tenants surrender possession of the Property after Closing in a <br />time frame reasonably satisfactory to Purchaser. <br />If a Seller, as the date of Closing, does not notify the Purchaser, in writing, of a change in any of the <br />foregoing warranted conditions, such warranties and representations shall be deemed to be effective <br />as of the date of Closing in addition to the date of this Agreement. <br />6. Seller Closing; Documents. At the time of Closing the conveyance of the Property to <br />the Purchaser, the Seller shall execute (as applicable) and deliver to the Purchaser: <br />a. n Warranty Deed in the form set forth at Lxhibit C conveying marketable. <br />indefeasible fee simple title to the Propcriy, subject only to those items <br />provided for in the Contract, and 1i~ec and clear of any and all other liens, <br />encumbrances, easements, restrictions, covenants, and other title defects; <br />3 <br />
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