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i <br /> <br /> ,1.. <br /> consideration and posszble action. The terms and conditions of this A.greet~aent have been <br /> negoi~ated in light of such power. <br /> 6. ~'OI2M 8283, Appraisal at~d )EangineerRZxg. At closing, the City shall provide <br /> Green a complete and executed l~'orm 8283 in a form acceptable to Green and a completed and <br /> ~ signed copy of the Buyers Condemnatioxz appraisal of the property. Vr%ithin 30 days of executing <br /> this Agreement, Buyer shall provide Sellex the results of Buyer's geotechnicat investigation of the <br /> property. <br /> 7. ]Dead. On the Closing Tate, Seller shall exec~zte and deliver to Buyer a statutory <br /> bargain and sale deed, conveying tlae Propczty to $uyez, free and clear of liens axed encumbrances <br /> created or suffered-to-be created by Seller that Is security far payment of a sum of money <br /> (including mtortgages, deeds of trust, tax liens, contractor's liens, and judgment liens} and any <br /> j ~ lxceptian created, or suffered to be created, by Seller. <br /> 8. Preliminary Title ~teport. Buyer shall have eve (5} business days to review and <br /> approve the preliminary fide. report. Buyer's approval shat) not be unreasonably withheld. . <br /> 9. -Title Xnsurance. Buyer may, al Buyer's expense purchase Title lnsuzance. Seller <br /> j shall have no obligation to provide title insurance. <br /> 7.0. Tars; Prorates. Real property taxes for the cur~'ent tax year, and other usual <br /> items shall be prorated as of the Closing Date. <br /> X11. Possession. Buyer shall be entitled to possession Immediately upon closing. <br /> I2. Property Sold ".AS )CS". Buyer represents that it has accepted and executed this <br /> Agree~x~ent an the basis of its own examination and personal knowledge of the Property; that <br /> Seller and Seller's agents leave xriade no representations, warranties, or other agreements <br /> conceming mattezs relating to the Property; thai Seller and Seller's agents have made no <br /> agreement or promise to alter, repair, or Improve the Property; and filial Buyer takes the Property <br /> in the condition, known or unknown, existing at the time of this Agreertaent, "AS IS", except that <br /> Seller wan.•ants that it knows of rio claixns to or concerning the property. <br /> 13. Warranties and Represe~tataons of t)~vner. <br /> 713.I Status ai' owner. Seller warrants that Seller is nova foreign person, foreign; <br /> partnership, foreign corporation, or foreign trust, as those terms are dellned in Internal Revenue <br /> Cade § 1445. <br /> I3.2 Breach of Agreerrcents. Neither the execution of this Agreement; rzor the <br /> ;execution, delivery, or recordation of any doeumetxt or agreement referenced herein constitutes ar . <br /> will constitute a default under any other agreement or contract that relates to the Property or to . <br /> which Seller is a parry. , <br /> <br />