OWNER REPRESENTATIONS:
OWNER represents and warrants that OWNER has full power and authority to enter into this Agreement;  that there are no written or oral agreements affecting the Property other than disclosed tenant leases, copies of which have been furnished to BROKER; that there are no recorded easements, restrictions, reservations or rights of way which adversely affect the use of the Property for the purposes intended under this Agreement; that the Property is zoned for the intended use; that all permits for the operation of the Property have been secured and are current; that the building and its construction and operation do not violate any applicable statutes, laws, ordinances, rules, regulations, orders or the like;  and that the information supplied by OWNER is dependable and accurate.  OWNER further represents that any loans, notes, taxes, mortgages, dues, or trust deeds are paid current without defaults and that any future defaults on any loans, notes, taxes, mortgages, dues, or trust deeds will be reported to BROKER within 10 business days of OWNER’S receipt of notice of default.  OWNER UNDERSTANDS THAT OFFERING A PROPERTY FOR LEASE WHILE THE PROPERTY IS IN DEFAULT OR FORECLOSURE PROCEEDINGS, WITHOUT WRITTEN DISCLOSURE, IS A DECEPTIVE TRADE PRACTICE PUNISHABLE BY BOTH A CIVIL FINE AND CRIMINAL PROCEEDINGS.

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