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Grantee acknowledges that the property described in said Exhibit "A" is being conveyed "AS IS" <br /> with the knowledge of the conditions disclosed by Grantor and/or discovered during inspection(s) of <br /> said property. Grantee understands and agrees that all land and improvements (including but not limited <br /> to the roof, walls, foundations, soils, plumbing, electrical and mechanical systems, etc.), real property, <br /> and personal property (if any) are being conveyed in their existing "AS IS" CONDITION WITHOUT <br /> WARRANTY OR REPRESENTATIONS, EXPRESSED OR IMPLIED. Grantee hereby accepts said <br /> property in its "AS IS" condition. <br /> The Grantor covenants with the Grantee that the Grantor is lawfully seised in fee simple of the <br /> property and has good right to sell and convey the property; that the property is free and clear of all <br /> encumbrances except as set forth herein and except for the lien of real property taxes not yet required by <br /> law to be paid; and that the Grantor will warrant and defend the property unto the Grantee against the <br /> lawful claims and demands of all persons, except as aforesaid. <br /> This instrument and the covenants of the Grantor shall be binding upon the Grantor and inure to <br /> the benefit of the Grantee. The terms "Grantor" and "Grantee" as and when used herein, or any <br /> pronouns used in place thereof, shall mean and include the singular or plural number, individuals, <br /> partnerships, trustees and corporations, and each of their respective heirs, personal representatives, <br /> successors in interest and assigns. All covenants and obligations undertaken by two or more persons <br /> shall be deemed to be joint and several. <br /> THE PARTIES agree that this instrument may be executed in counterparts, each of which shall <br /> be deemed an original, and said counterparts shall together constitute one and the same agreement, <br /> binding all parties. For all purposes, including, without limitation, recordation, filing and delivery of <br /> this instrument, duplicate unexecuted and unacknowledged pages of the counterparts may be discarded <br /> and the remaining pages assembled as one document. <br /> 2 <br />