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�-. � 200000293 and refrain from any use of the Property for any purpose or in any manner which would diminish value or adversely affect the Conservancy's intended use of the Property as a nature preserve. In the event of any adverse change in the condition of the Property, the ' Conservancy may elect to: a) refuse to accept the Property, in which case the consideration paid for this agreement shall be refunded, b) accept the Property, or a portion thereof, in which case there may be an equitable adjustment of the purchase price based on the change in circumstances, or c) require restoration of the Property to its condition at the time the right of first refusal was exercised. 17. RIGHT OF ENTRY AND INSPECTION. The Conservancy and its agents shall have the right to enter upon the Property at reasonable times for surveying, conducting an environmental inspection and assessment to detect hazardous or toxic substances, and other reasonable purposes related to this transaction. Based upon the results of the environmental inspection and assessment, the Conservancy may elect to refuse to accept the Property in which case the consideration paid for this agreement shall be refunded or require Grantor to correct the problem or pursue any other remedy available under this agreement. 18. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor currently warrants and represents to the Conservancy and will warrant and represent to the Conservancy at the time of closing, the following matters and agrees to indemnify, defend and hold the Conservancy harmless from any loss or liability relating to these matters, with the intent that these representations, warranties and indemnities shall survive closing: a. Condition of Propertv. Grantor is not aware of any facts that would adversely affect the Conservancy's intended use of the Property as a nature preserve. b. Ti�le to the Propertv/Authority. Grantor is the sole legal owner of the Properiy in fee simple. The Property is not now subject to any written or oral lease, option, agreement of sale, claim or legal proceeding except as set forth herein. Grantor has the full power and authority to execute this agreement and all agreements and documents referred to in this agreement and to fully perform as required by this agreement. c. Hazardous Materials. The Property is not now nor, to the knowledge of Grantor, has it ever been used for the manufacture, use, storage or disposal of any hazardous or toxic substance, material or waste within the meaning of any applicable environmental statute, ordinance or regulation. No - 13 -