Purchase and Sale Agreement FULLY EXECUTED 8-7-18

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11.7 No Violations. Sellers have received no notice of any violations of any applicable federal, state or local laws, rules or ordinances affecting the Property or the use, occupancy or ownership thereof, including, without limitation, violations of the zoning, building, health, toxic and hazardous waste, environmental and other laws, codes, ordinances, regulations, orders and requirements of any city, county, state, federal or any other governmental authority having jurisdiction thereof. 11.8 Change in Circumstances. If, prior to the Closing Date, Sellers becomes aware of any fact or circumstance that would change a representation or warranty made in this Agreement, then Sellers shall promptly give written notice thereof to Purchaser. If Sellers gives written notice of such a change, or if Purchaser otherwise has actual notice of such a change, Purchaser shall have the option to terminate this Agreement within ten (10) business days after Purchaser receives written notice of the changed fact or circumstance (or the end of the Due Diligence Period, if later) and to thereafter have the Earnest Money, together with accrued interest, if any, immediately returned to it and all of Sellers' and Purchaser's obligations under Agreement shall terminate, except those that expressly survive a termination of this Agreement. Initials of: Seller: /S#49-Purchaser:lot 4 12. Purchaser's Representations and Warranties. 12.1. The persons who have executed this Agreement have been duly authorized to do so by Purchaser. All documents delivered at Closing will be executed by a duly authorized person. Purchaser has a good and legal right to enter into this Agreement and to perform all covenants of Purchaser contained in this Agreement in accordance with its terms. 12.2. Purchaser is duly organized, validly existing, and in good standing under the laws of the state of its formation. Purchaser has the full power and authority to execute, deliver and perform its obligations under this Agreement. 12.3. None of the representations or warranties made by Purchaser contain any untrue statements of material fact or omit a material fact necessary in order to make the statements not misleading. All representations and warranties of Purchaser shall be true on and as of the Closing Date with the same force and effect as though made on and as of the Closing Date. 13. Condition of Property. Purchaser offers to purchase the Property in its present condition on the terms noted. Seller hereby warrants that to the best of his knowledge the premises described herein and the improvements thereon do not materially violate the applicable building or zoning regulations and that he is unaware of any material defect in the premises or improvements thereon. 13.1. "AS -IS" Sale. EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THIS AGREEMENT AND WITHOUT LIMITING THE WARRANTIES CONTAINED IN THE DEED DELIVERED AT CLOSING, PURCHASER ACKNOWLEDGES AND AGREES THAT PURCHASER IS PURCHASING THE PROPERTY IN AN "AS -IS" CONDITION "WITH ALL FAULTS" KNOWN AND UNKNOWN, AND WITHOUT ANY WARRANTIES, REPRESENTATIONS OR GUARANTEES, EITHER EXPRESSED OR IMPLIED, OF ANY NATURE WHATSOEVER FROM OR ON BEHALF OF SELLER, INCLUDING WITHOUT LIMITATION, THOSE OF FITNESS FOR A PARTICULAR PURPOSE AND USE. PURCHASER HEREBY WAIVES ANY AND ALL CLAIMS WHICH THE PURCHASER HAS OR MAY HAVE AGAINST THE SELLER WITH RESPECT TO THE CONDITION OF THE PROPERTY EXCEPT AS OTHERWISE PROVIDED HEREIN OR IN THE DEED DELIVERED AT CLOSING. WAIVER OF THE INSPECTION PERIOD CONTINGENCY SHALL, EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THIS AGREEMENT AND WITHOUT LIMITING THE WARRANTIES CONTAINED IN THE DEED DELIVERED AT CLOSING CONSTITUTE PURCHASER'S ACKNOWLEDGMENT TO SELLER THAT PURCHASER HAS FULLY INSPECTED THE PROPERTY AND PURCHASER ASSUMES THE Page 6 of 14 INITIALS: Seller:.V ft q' /Date: Y1L -rr Purchaser: (Date: %• 7, [ Seller: IDate: �