Resolution 2008-39 - Laserfiche WebLink

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b. If Purchaser determines, in its sole discr~tian, that the cast to manage, treat, abate, or rc;move any hacardous substances f~tit-nd an the Property is uneconomical as a result of any conditions disclosed by t~:sts conducted hereunder; or c. If' any part of the Property is condemned, or if proceedings for such coitdemx~ation are commenoeti or notice of'condernnati~an is received by Seller from a condemning authority other than Purchaser prior to the date of closing Urt file Pr~peRy; or d. [f Purchaser determines in its sole discretion, and based on any inspections conducted pursuant to Paragraph. ! 9, that there exists a unsatisfactory physical condition o f' the Property; or e. In the event ally action whatsoever is commenced to defeat or enjoin the Purchaser's performance under this Contract. 21. if Purchaser t;lects to terminate the Contract pursuant.. to Paragraph: 20, Ptu•cliasc:r shalt provide tivritten nonce to Sellea• declaring thhis {;"ontraet tcrrninatc,d, whereupon all things of value received licreunder shall be immediately returned to Purchaser, and. both parties shall be released herefrom. REAL ESTATE Ct3~'iMiSS1CON 22. Neither party has cntag~i .the services of any real estate -agent or broker,. and nt7 commission is owed by either party in this transaction. Seller is advised to seek legal and tax cotuise{ represe~itation :far Sutler's own account, and Setter shall be solely responsible for any ean~-nissian or fees ovmed to any agent, broker or counsel retained by Setter. PR(JPERTY TU R.F.IViAiN UISE~i~CUi1~IBEitEI) 23. Seller agrees that Seller will not, so long as this Contract is in effect, encumber or burden the Property. NO Tl1H:VEI;O['MENT 2~. Seller a~~ec;s that during the term. of. this C'antract and through the elate of delivery of possession of the Property to Purchaser, Setter shall not deuelop the Property in any manner, including tivithout limitation, constructing any improv~;ments or erecting any structures on the Property, teasing m.inc:ral rights far the Property, or disturbislg th~~ surface of the Property. TAX CC)NSEQtIF.NCES 25. Seller acknowledges -that neither the Purchaser, nor any of its agents or attorneys have made any rt;presentntions as to the k't."Y treatment to ~ accorded to this Contract or to any proceeds tliere:of by the; internal Rev,~noe Service under the Internal Revenue Code ar by the tax officials of the ,State ofC::olorado under Colorado tax lave.