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The filing of the Petition and the adoption by the participating political subdivision of an ordinance to proceed <br />under Ohio Revised Code Section 727.25 will establish a lien on your property as security for your obligation to <br />pay special assessments in accordance with the Petition and the Advanced Energy District Documents. The lien <br />securing the obligation to pay special assessments will be senior to all private liens, including your purchase <br />mortgage(s). Many loan documents limit the ability of a property owner to place senior liens upon property <br />without the consent of the lender, or authorize the lender to obligate you to prepay the senior obligation. Please <br />confirm with your lender(s) that participation in the Commercial-Industrial Program will not adversely <br />impact your rights with respect to any existing loan documents, or obligate you to prepay your special <br />assessments. <br />VI. Transfer or Resale of the Subject Property <br />If you sell your property prior to the end of the special assessment period for your Authorized Improvement, the <br />new owner will assume the obligation to pay special assessments. Ownership of any Authorized Improvements <br />on the subject property will transfer to the new owner at the close of the real estate sale. <br />VII. Grants and Tax Benefits <br />Please consult with your tax advisors with respect to the state and federal tax consequences of participating in <br />the Commercial-Industrial Program, including whether you will be eligible for federal energy tax credits as a <br />result of your participation in the Commercial-Industrial Program and whether you can deduct the interest <br />component of the special assessments from your state and federal income taxes. <br />Neither the Advanced Energy District nor any participating political subdivision is responsible for the <br />state or federal tax consequences of participating in the Commercial-Industrial Program. <br />VIII. Changes in State and Federal Law <br />The ability to issue bonds to finance Commercial-Industrial Program Authorized Improvements is subject to a <br />variety of state and federal laws. If those laws were to change after you have made application to the Advanced <br />Energy District, the issuer of the special assessment revenue bonds or other obligations may be unable to issue <br />the bonds or other obligations and the Advanced Energy District may be unable to fulfill your financing <br />application. The Advanced Energy District shall have no liability as a result of any such change in law. <br />IX. Releases and Indemnification <br />You. acknowledge that the Advanced Energy District has been created with the approval of the participating <br />political subdivisions solely for the purpose of assisting the owners of property within participating political <br />subdivisions with the financing of Authorized Improvements, and that the Advanced Energy District and any <br />participating political subdivision shall have no responsibility of any kind for, and shall have no liability arising <br />out of, the installation, operation, financing, refinancing or maintenance of the Authorized Improvements. You <br />agree that you and your successors in interest to fee simple title in the subject property shall be solely <br />responsible for the installation, operation, fmancing, refinancing and maintenance of the Authorized <br />Improvements. Participation in the program does not in any way obligate the Advanced Energy District or any <br />participating political subdivision to protecting solar access with respect to any proposed developments that <br />may shade the system. You hereby acknowledge that the subject property will be responsible for payment of <br />special assessments regardless of whether the Authorized Improvements aze properly installed or operate as <br />expected. <br />You agree to release, defend, indemnify, and hold harmless the Advanced Energy District and the participating <br />political subdivisions, including their officers, directors, employees and agents, from and against any claims, <br />A-8 <br />z,~RZR,~, <br />