2025/01/15 Council Agenda Packet

5 (d) Surveys. Seller shall provide to Buyer and Title Company any survey of the policy and a new survey is required, the Buyer may obtain such survey at expense. (e) Title Not Insurable. If title is not insurable at Closing subject only to the Permitted Exceptions determined in accordance with this Agreement, Buyer may (i) elect to proceed to Closing despite such non-insurability, thereby accepting any such matters as Permitted Exceptions, or (ii) terminate this Agreement and receive a refund of the Deposit. (f) Title Policy Property in the full amount of the Purchase Price, subject only to the Permitted Exceptions (the Title Policy to such extended policy and Buyer will pay the additional premium for an extended policy as set forth in Section 8 below. 7. PROPERTY DOCUMENTATION / CONTINGENCIES. (a) Property Documentation. Within ten (10) business days after the Effective Date, Seller shall deliver to Buyer or make available for inspection the following i. all reports or other materials related to the physical condition of the Property, including without limitation report related to hazardous materials investigations, engineering reports, soils reports, or environmental assessment with respect to the Real Property; ii. any appraisals related to the Real Property; iii. all existing and proposed easements, covenants, licenses, restrictions or access rights affecting the Real Property; iv. all surveys relating to the Real Property; v. all leases, service contracts, repair contracts, service contracts, maintenance contracts, or equipment leases relating to the Property; vi. all notices regarding any existing or threatened litigation affecting the Property; vii. all building permits or other government permits or approvals obtained or held by Seller and relating to the construction or remodeling of the Property. Buyer waives the requirement that Seller deliver to Buyer a Real Property Disclosure Statement Disclosure Statement