FIELD DOCUMENTS - Laserfiche WebLink

Home Browse Search

b, the physical condition, status, quality, nature, or state of the Property related to any environmental contamination that may exist in and/or on the Property and/or emanating from the Property; C. the presence or alleged presence of any and all substances that are and/or may be considered toxic, hazardous, a contaminant, a waste and/or a pollutant in, on, under,or about the Property and/or emanating from the Property, including but not limited to, solvents andpetroleum-based products including gasoline and oil, i.e., the contaminated physical condition of the Property; and d. any actions under or pursuant to any federal, state and/or local Iaws or regulations relating in any way to contaminated physical condition of the Property and/or environmental matters. This release is not intended to and shall not be iWerpreted[o include any of the following ("Exclusions"}: aa. Any claim for bodily injury or human condition or ailment; bb- Any claim,related to any contract to which the Auto Investment Parties or the Chase Parties are a.party, except as expressly provided herein; CC. Any action unrelated to the contaminated or allegedly canWmi the Property. natetl condition of Donee acknowledges that it is purchasing real property the physical condition of which is contaminated,and has been advised by legal counsel and is familiar with the provisions of California Civil Cade Section 1542 and, subject to tine Exeliusions, Donee expressly waives the nghts and benefits of Section 1542.of the California Civil Code,which provides as follows,relating solely to the contaminated nature of the property; "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT.XNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN By HIM,MUST HAVE MATERIALLY AFFECTED HTS SE'17LEMENT WITH THE DEBTOR." Donee's Initials: Additionally, Donee waves all rights wader any similar local,state or federal law. 13• Donee's Indemnification; From and after Closing, Donee on behalf of itself and its and hold successors and assigns shall, to the zumimuxn extent perinitted by law, save, defend,indemnify Iia,��tless(colleuti,vely"ko Indemnify')each and evc,ty Auto Investment Parties(defined above)and &ach and every Chase Chevrolet Parties(defined above) and their respective heirs, successors,personal representatives and assigns, of and from any and all demands, claims, legal proceedings, administrative proceedings, governmental proceedings, suits, losses, Liabilities, Page 5