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200304712 Amendment No. 1, signed 30 March 2001, and the FOST for the property dated January 2001, prepared by the Grantor, and agrees, to the best of the Grantee's knowledge, that they accurately describe the environmental condition of the Property. The Grantee has inspected the Property and, subject to the provisions of Section III.a., accepts the physical condition and current level of environmental hazards on the Property and deems the Property to be safe for the Grantee's intended use. 2. If an actual or threatened release of a hazardous substance or petroleum product is discovered on the Property on or after 1 March 2002, whether or not such substance was set forth in the technical environmental reports, including the EBS, Grantee or its successors or assigns shall be responsible for such release or newly discovered substance unless Grantee is able to demonstrate that such release or such newly discovered substance was due to Grantor's activities, ownership, use, or occupation of the Property prior to 1 March 2002. Grantee, its successors and assigns, as consideration for the conveyance, agree to release Grantor from any liability or responsibility for any claims arising solely out of the release of any hazardous substance or petroleum product on the Property occurring on or after 1 March 2002, where such substance or product was placed on the Property by Grantee, or its successors, assigns, employees, invitees, agents or contractors. This Subsection IV.b. shall not affect the Grantor's responsibilities to conduct response actions or corrective actions that are required by applicable laws, rules and regulations or Subsection III.a. This Subsection IV.b.2. shall not be construed as an admission of or as establishing liability against Grantor and/or Grantee for any PCB releases from equipment mentioned in Subsection IV.e. c. Notice of the Presence of Lead -Based Paint and Covenant Against the Use of the Existing Building for Residential Purposes 1. The Grantee is hereby informed and does acknowledge that the building on the Property, which was constructed or rehabilitated prior to 1978 ( "Existing Building "), is presumed to contain lead -based paint. Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Every purchaser of any interest in Residential Real Property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead -based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in Residential Real Property is required to provide the buyer with any information on lead -based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead -based paint hazards. "Residential Real Property" means any housing constructed prior to 1978, except housing for the elderly (households reserved for and composed of one or more persons 62 years of age or more at the time of initial occupancy) or persons with disabilities (unless any child who is less than 6 years of age resides or is expected to reside in such housing) or any 0- bedroom dwelling. Grantor, in requiring the provisions of Subsection IV.c., acknowledges that the Existing Building has not been used as Residential Real Property.