CCP 03-08-1999 - Laserfiche WebLink

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6. Inspection. At Purchaser's expense, Purchaser, its agents and designees, are hereby granted the right at any reasonable time or times after the date hereof to inspect and conduct environmental audits on the Real Property. Purchaser shall hold Seller harmless from any liability resulting solely from the entering upon the Real Property or the performing of any of the tests or inspections referred to in this Section 6 by Purchaser, its agents or designees but not from liability resulting from the presence or discovery of Hazardous Substances (as hereinafter defined) on the Real Property. 7. as follows: Covenants and Warranties of Seller. Seller covenantsand warrants to Purchaser 7.1 Ownershio of Real Prooertv, Business Eauioment and Black Dirt. Seller is the owner of good, marketable, and insurable fee title to the Real Property free and clear of all title defects, options, rights of first refusal, easements, restrictive covenants, encroachments, survey defects, restrictions or limitations on the Real Property, liens or encumbrances except for the Loans, as described below, easements of record, and Leases; and Seller is the owner of good title to the Business Equipment and Black Dirt free and clear of all lien interests therein or claims thereto. 7.2 Certain Loan Documents. There are no notes, bonds, mortgages, deeds of trust, collateral security documents and other related documents executed and/or delivered by Seller and/or other parties in connection with any and all secured financing (the "Loans") encumbering, or otherwise affecting, all or any portion of the Real Property or all or any portion of the Business Equipment and Black Dirt, except as set forth on Exhibit C. All Loans shall be paid and satisfied by Seller at or prior to the Closing Date on the Real Property and at or prior to the date of final payment for the Business Equipment and Black Dirt. 7.3 Encroachments. There are no encroachments upon any of the Real Property and no portion of any Improvement encroaches upon any property not included within the Real Property, or upon the area of any easement affecting the Real Property . 7.4 Real ProoertvTaxes. Attached hereto, as Exhibit D, is a copy of the current real estate tax statement for the Real Property. Seller does not have any knowledge of any pending or contemplated reassessment of the Real Property. . . 7.5 Insoection of Premises. From and after the date hereof Purchaser shall be entitled to free and complete access upon reasonable notice and during reasonable business hours to information pertaining to the Real Property, Business Equipment and Black Dirt, including any and all business records and operating statements pertaining to the Real Property in the hands of Seller and Seller.s managing agent, if any, and Seller and the managing agent, if any, shall . 4