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<br />7.3 Real Property Taxes. Seller does not have knowledge of any pending or
<br />contemplated reassessment of the Real Property. Seller has paid all real
<br />estate taxes, if any, on the Real Property due and payable through 2005.
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<br />7.4 Hazardous Substances. Seller does not currently use the Real Property
<br />for disposal or storage of any Hazardous Substance and, except as
<br />indicated on Exhibit D attached hereto, Seller has no knowledge of any
<br />noxious, toxic, hazardous, unsafe or environmentally unsound materials,
<br />substances, wastes or Hazardous Substances (as hereinafter defined) in,
<br />at, under or on the Real Property whether there by intent, spill,
<br />release, discharge, disposal, storage or any other means. Seller has not
<br />received any notice from any government agency, board, commission,
<br />authority or any other entity, and is not a party to any legal or
<br />administrative action or proceeding, concerning or relating in any way
<br />to the spill, release, discharge, transportation, disposal, storage or
<br />presence of hazardous or regulated substances or wastes in, at, under,
<br />on, or concerning the Real Property, including any pending, or
<br />contemplated search or investigation of the Real Property or any portion
<br />thereof with respect thereto. Except as identified on Exhibit D, Seller
<br />has no knowledge of any activity on the Real Property which would
<br />subject any owner or operator thereof to damages, penalties, injunctive
<br />relief or costs or remediation or cleanup under any federal, state or
<br />local law. For the purposes of this Agreement, the term "Hazardous
<br />Substance means that and/or similar terms as defined in Section
<br />104(14) of the Comprehensive Environmental Response, Compensation a
<br />Liability Act of 1980, and as amended, 42 U.S.c. See. 9601 et seq. (14),
<br />and Section 2(8) of the Minnesota Environmental Response and Liability
<br />Act, and as amended, Minnesota Statutes Sec. 115B.02(8), and includes
<br />the term "regulated substance" as defined in Section 9001 (2) of the
<br />underground Storage Tank Act, and as amended, 42 U.S.c. See. 6991 (2)
<br />and the term "hazardous waste" as defined in Section 1004(5) of the
<br />Resource Conservation and Recovery Act, and as amended, 42 U.S.c.
<br />Sec. 6903(5), and includes all regulations issued pursuant to any of the
<br />above statutes, and any unsafe, noxious, toxic or hazardous substance or
<br />similar terms under any other state, federal or local law, and any other
<br />applicable environmental, land use or similar act, statute, ordinance or
<br />regulation or as alleged or determined under common law. The term
<br />"Hazardous Substance" includes asbestos and related substances, PCBs,
<br />and gasoline, kerosene and all other liquid or viscous petroleum
<br />products. Seller has complied and caused the Real Property to comply
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