R2019-25 Resolution Authorizing Real Estate Contract For Property Located in the 2000 Block of South Imboden Court

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(3) Buyer agrees that by closing hereunder Buyer accepts the Premises as it is on the closing date and that thereafter Seller shall have no further obligations, liabilities or responsibilities or any nature regarding the Property, nor shall Seller have any further obligations, liabilities or responsibilities under this Agreement or any addendum thereto, anything else to the contrary notwithstanding. (4) Subject to Buyers Inspections, Buyer agrees to purchase the Property "as is" and "with all faults" and acknowledges that Seller makes no representations or warranties of any nature. 3.3 Both Seller and Buyer agree: (a) To comply with the requirements of the Real Estate Settlement Procedures Act; (b) At any time after the date hereof, with advanced approval of Seller, architects and engineers and representatives of Buyer shall have reasonable access to the Property for the purpose of ineasurement and preparation of design plans for Buyer and other work to prepare the Property for operations, provided such access cannot interfere with the usual business of Seller performed on the Property. Buyer shall indemnify and hold Seller harmless from and against all losses, costs, damages and liabilities arising out of Buyer or any of its employees, agents or contractors entering the Property. In the event that closing does not occur or this transaction is not completed, Buyer shall be responsible for any and all costs associated with remediating any changes or improvements made to Property by Buyer or its agents, successors and assigns as deemed necessary by the Seller. 3.4 Closin�. The time and place of settlement on the date of closing shall be fixed by mutual agreement of the parties but in no event shall such closing take place more than 120 days from the date that this agreement is approved by the Decatur City Council or prior to the 302944379 v2 6