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(d) Seller has and will have full power and authority (i) to execute, deliver, observe <br />and perform this Agreement, and (ii) to enter into, observe and perform the transactions <br />contemplated in this Agreement. <br />(e) Prior to Closing, Seller will be the sole owner of the Property, free and clear of all <br />liens, claims, encumbrances, restrictive environmental covenants {including any institutional <br />controls or restrictions on the use of the Property}, and rights of others except for the Permitted <br />Exceptions, and will convey same to Buyer subject only to the Permitted Exceptions. No party is <br />in possession of the Property or any portion thereof, whether as a lessee or tenant at sufferance. <br />There is no option to purchase, right of first refusal to purchase or agreement for the sale and <br />purchase of the Property or any portion thereof to any person or entity, except for this <br />Agreement. <br />(f) There is no action, suit, investigation, or proceeding pending, or to the knowledge <br />of Seller, threatened against the Property or any portion thereof, in any court or by any federal, <br />state, county or municipal department, commission, board, agency, or other governmental <br />instnunentality. <br />(g) No unpaid improvements which might ripen into and form the basis of a <br />mechanics' lien have been or will be made to the Property prior to the Closing Date. <br />All representations and warranties of Seller shall survive the execution and delivery of <br />this Agreement. <br />11. Buyer Representations and Warranties. <br />Buyer represents, warrants and agrees that: <br />(a) Buyer is a political subdivision in full force and effect under the Constitution and <br />laws of the State of Ohio. <br />(b) This Agreement will be a valid and binding instrument enforceable against Buyer <br />in accordance with its terms. <br />(c) Buyer is not in violation of or in conflict with any provision of the laws of the <br />State of Ohio which would impair its ability to observe and perform its covenants, agreements <br />and obligations under this Agreement. <br />(d) Buyer has and will have full power and authority {i) to execute, deliver, observe <br />and perform this Agreement, and (ii) to enter into, observe and perform the transactions <br />contemplated in this Agreement. <br />{e) Buyer is the sole owner of the Residential Property, free and clear of all liens, <br />claims, encumbrances, restrictive environmental covenants (including any institutional controls <br />or restrictions on the use of the Residential Property). Tenant's are occupying the Residential <br />Property on a month to month basis. There is no option to purchase, right of first refusal, to <br />purchase or agreement for the sale and purchase of the Residential Property or any portion <br />thereof to any person or entity, except for this Agreement. <br />8 <br />474370 v 651122504.0011 <br />