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i <br /> moneys set aside escrow as statedzbove and <br /> 3.7. Aside'from the y e tti <br /> other than may be required by law, Seller assumes no Iiability to Buyer relating to any <br /> environmental issues relating to the Property and provides no indemnification to Buyer. <br /> Buyer will have to make its own analysis prior to the Feasibility Date regarding these <br /> issues and its desire to purchase the Property. <br /> 3.8. Seller is aware of an Environmental Condition formerly existing <br /> relating to Buyer's property adjacent to Seller's Property,known as the Lika Corporation <br /> Environmental Condition,which required some remediation on Seller's Property before <br /> Sellers ownership. Seller understands that this matter is closed,but discloses same to <br /> Buyer for Buyer's review of the case, <br /> ARTICLE IV <br /> TITLE TO PROPERTY <br /> 4.1. Tale to Real Proms. At the Closing, Seller shall convey to <br /> Buyer and/or assignee fee simple title to the Property, by execution and delivery of a <br /> standard form of Grant Deed provided by Escrow Holder(the"Deed"), free and clear of <br /> liens and encumbrances other than <br /> the following exceptions to title (hereinafter <br /> collectively called the"Permitted Exceptions"): <br /> (a). Non-delinquent general and special taxes for the fiscal year <br /> 2005-2006; <br /> (b). Non-delinquent assessments of Bond Series No. 57361 <br /> Assessment No. 049144 for San Joaquin Area Flood Control Agency (Bond)recorded <br /> August 1, 1996; <br /> (c). Non-delinquent assessments of South San Joaquin Irrigation <br /> District: and <br /> I <br /> (d). Exceptions approved by Buyer as provided in Section 5.1 of <br /> this Agreement. <br /> i <br /> 515303/Crz <br /> 6 <br /> • l <br />