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� AGREEMENT and have the meaning given therein. • 2. DOCUMENTS DELIVERED HEREWITH Before or contemporaneously w�ith the execution of this GRANT AGREEMENT, GRANTEE shall deliver the following documents and/or instruments to AUTHORITY: 2.1. Resolution of GRANTEE authorizing the execution and delivery of this GRANT AGREEMENT and the documents described herein. 2.2. Certificates of insurance evidencing coverages required in � 5.1, below. REPRESENTATIONS AND WARRANTIES 'I,o induce AUTHORITY to enter into this GRANT AGREEMENT, GRAN"1'EE makes the following representations and warranties to AUTHORITY: 3.1. GRANTEE has full power, right and authority to execute and deliver this GRANT AGREEMENT and to perform and observe each and all of the matters and things provided for in this GRANT AGREEMENT. 3.2. GRANTEE will initially be the owner of the PROPERTY in fee simple. 3.3. To the best of GRANTEE's knowledge, the PROPERTY does not violate any federal, state or local law, ordinance or regulation. 3.4. There are no actions, suits, or proceedings pending, at law� or in equity, or to the knowledge of GRANTEE threatened, against or affecting it or the PROPERTY, and GRANTEE is not in default with respect to any order, writ, injunction, decree, or demand of any court or any governmental authority. 3.5. The consummation of this transaction and performance of GRANTEE's obligatioi�s under the GRANT AGREEMENT will not result in any breach of, or constitute a default under, any mortgage, deed of trust, lease, bank loan, or credit agreement, partnership agreement or other instrument which affects GRANTEE, or to which GRANTEE is a party. 3.6. GRANTEE represents and warrants it has not used the PROPERTY in connection with the generation, disposal, storage, treatment, or transportation of Hazardous Substances and that the PROPERTY will not be so used during the term of this GRANT AGREEMENT by GRANTEE, its agents, tenants or assigns, except as required to comply with an MPCA approved Development Response Action Plan. 3.7. GRANTEE has obtained all of the insurance described in Section S.1 and Page -2-