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DocuSign Envelope ID:B6AD9789-9E00-4D4B-A4D2-BODECF42C8E5
<br /> 10. ENVIRONMENTAL
<br /> Seller represents,to the best of Seller's knowledge,that during the period of Seller's ownership or control over the Property, Seller has
<br /> no knowledge or, nor reason to suspect,that there has been any underground storage(or other)tank or any presence, disposal, release,
<br /> or threatened release of hazardous substances or hazardous wastes on, from or under the Property, by or through Seller,or any other
<br /> party whatsoever. Seller similarly represents that to the best of Seller's knowledge there was no underground storage(or other)tank, nor
<br /> any presence,disposal, release or threatened release of hazardous substances or hazardous waste on,from or under the Property prior
<br /> to Seller's acquisition or ownership or control of the Property. Seller similarly represents that to the best of Seller's knowledge the
<br /> Property(including underlying soil and ground water conditions) is not in violation of any state, local,federal, municipal or other law,
<br /> statute, regulation,code,ordinance, decree or order relating to hygienic or environmental conditions, and during Seller's ownership of the
<br /> Property, no party has stored or disposed of any flammable explosives, radioactive materials, hazardous waste,toxic substances, or
<br /> other released materials on, under or about the Property.
<br /> 11. SURVEY(Check4fapplica+ble--)
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<br /> not be based . if the suwey
<br /> are Rot IGGated within the GetbaGk and 10t lille-;414PR theF-;R- shall he GPnridL=.rPd-defeGt64A the title I to the I— P�Ft. oF that
<br /> 12. MINERAL RIGHTS (check if applicable X J
<br /> The Buyer will receive and Seller will convey all of Seller's water, oil,gas, coal and other mineral rights not conveyed of record,and shall
<br /> execute an appropriate assignment of any existing leases or contracts relating to those rights.
<br /> 13. CARBON CREDIT RIGHTS
<br /> A. The Property is is not X currently subject to an existing carbon credit program which shall be assigned by Seller to
<br /> Buyer at Closing. Buyer agrees to continue to honor any existing carbon credit program contracts affecting the Property
<br /> described above and agrees to indemnify and hold harmless Seller for any damage Seller may sustain by reason of any failure
<br /> of Buyer to keep or perform any of the covenants and obligations provided to be kept or performed under the terms and
<br /> conditions of any such contracts by Seller.
<br /> B. The Buyer will receive,and Seller will convey at Closing all of Seller's carbon credit rights affecting the Property not previously
<br /> conveyed of record.
<br /> 14. TITLE EVIDENCE
<br /> Upon acceptance of this Contract, Seller shall within a reasonable period furnish at Seller's expense: (Check appropriate statement).
<br /> An ;;bstraGt of title GGRtiAued within 3C)days before fiRal payment heFeundeF,ShOWOR9 FnerGhantable title of revord to said
<br /> staada
<br /> X A commitment and an Owners Title Guaranty Policy issued by a Company licensed to issue the same in the State of Illinois for
<br /> the amount of the purchase price. Seller shall pay the initial title search charge and title insurance premium. Buyer shall pay
<br /> the search charge as to Buyer,the cost of mortgagee's title insurance policy, if any, and the cost of all necessary
<br /> endorsements to the title insurance policy. Buyer and Seller shall furnish immediately upon request all information legally
<br /> required for financing or transfer of title.
<br /> Policy subject only to the following: (a)all taxes and special assessments now a lien, levied, or confirmed after the date hereof,(b)
<br /> building, use and occupancy or restrictions, if any,which do not unreasonably interfere with Buyer's intended use of the property, (c)
<br /> zoning laws and ordinances, (d)easements of record or in place affecting the Property, if any,which do not unreasonably interfere with
<br /> Buyer's intended use of the property, (e)drainage ditches,feeders and laterals, if any, (f)conveyances or reservations of coal, minerals
<br /> and mining rights, if any,of record, (g)mortgage or other lien that may be eliminated at closing by application of the purchase price,(h)
<br /> rights of tenants in possession if any, and(i) matters which can only be discovered by a survey of the Property.
<br /> Buyer or his attorney shall within 10 business days after receiving such title evidence, deliver to Seller or his attorney,together with such
<br /> evidence,a report in writing specifying any objections made to the title. In case such title evidence is not delivered to Buyer or his
<br /> attorney within a reasonable time,or material objections made to the title in such report are not cured with sixty(60)days after such
<br /> report is so delivered,this Contract shall,at Buyer's option, be void and all earnest money shall be returned to Buyer. Buyer may,
<br /> nevertheless, elect to take such title as it then is, and may deduct from the purchase price the amounts of liens and encumbrances and,
<br /> in such case,the Seller shall convey the Property as agreed.
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<br /> ©REALTORS®LAND I TIttITt�E©ILLINOIS CHAPTER FOR THE USE OF MEMBERS ONLY—2022
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