99109581 - Laserfiche WebLink

Browse

99 i095$ 1 B. Buyer shall pay the balance of the owner' s title insurance expense, the full lender' s title insurance expense, if any, all recording fees except those necessary to clear title, and any loan application or financing fees concerning the property and its intended use by Buyer. 9• REPORTING REQUIREN�NT: Parties acknowledge and agree that a Form 10995 shall be filed with the Internal Revenue Service by the Escrow Agent, reporting the identity of the Seller, a general description of the real estate involved, the date of the closing and the amount of the total consideration and further, each party declares under penalties of perjury that the identification numbers shown herein with their signature is true and correct. 10. REPRESENTATIONS AND WARRANTIES: 10 . 1 REpRESENTATIONS AND WARRANTIES OF SELLER. Seller represents and warrants to Buyer as follows : 10 . 1 . 1 AUTHORITY RELATIVE TO AGREEMENT. This Agreement has been duly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditor' s rights generally, or by judicial discretion in connection with the application of equitable remedies. Seller is the owner of the Property and no other persons have any interest in such real estate, except as set forth in this Agreement. 10.2 REpRESENTATIONS AND WARRANTIES OF BUYER. Buyer represents and warrants to Seller as follows : 10.2 . 1 AUTHORITY RELATIVE TO AGREEMENT. This Agreement has been duly executed and delivered by Buyer and constitutes a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditor' s rights generally, or by judicial discretion in connection with the application of equitable remedies. 11 . HAZARpOUS MATERIAL. To the best of Seller' s knowledge, no hazardous or toxic material, substance, pollutant, contaminant, waste, asbestos, or petroleum product has been released into the environment, discharged, placed or disposed of at, near, or on the Property. The Property has not been used at any time by any person as a landfill or waste disposal site. No claims, litigation, administrative proceedings, are pending or threatened, and no judgments or orders have been entered relating to any hazardous 4 �