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<br />(a) Representations. <br />warranties made by Buyer in this <br />correct in all material respects <br />the 30-day extension provided in <br /> <br />The representations and <br />Agreement shall be true and <br />on the Closing Date subject <br />Section 9.2 above. <br /> <br />to <br /> <br />(b) Buyer's Obligations. Buyer shall have performed <br />in all material respects all covenants, agreements, and <br />obligations and complied in all material respects with all <br />conditions required by this Agreement to be performed or <br />complied with by Buyer on or prior to Closing Date (as the same <br />may be adjourned pursuant to this Agreement) subject to the 30- <br />day extension provided in Section 9.2 above. <br /> <br />(c) Authorization of the City Commission. Buyer <br />shall have obtained authorization from the City Commission to <br />enter into and execute this Agreement and consummate the <br />transaction herein contemplated. <br /> <br />10. Condition of the Property. <br /> <br />10.1 "AS IS" Sale. As provided in Sect ion 4 above, <br />Buyer will have during the Inspection Period, the opportunity to <br />investigate such matters pertaining to the Property and to <br />inspect the Property to the extent that Buyer deems necessary. <br />Accordingly, if Buyer exercises the Option, Buyer shall accept <br />the Property in its "AS IS" condition on the Closing Date, "with <br />all faults" and specifically and expressly without any reduction <br />in the Purchase Price for any change in such condition for any <br />reason subsequent to the date of this Agreement. Without <br />limiting the generality of the foregoing, no destruction, damage <br />or casualty to the Property or any part thereof shall in any way <br />impair this Agreement nor relieve Buyer of its obligation to <br />consummate this transaction. If, prior to the Closing, any part <br />of the Property is damaged or destroyed, then, if Buyer <br />exercises or has exercised the Option, at the Closing, Seller <br />shall assign to Buyer all of Seller's rights to any and all <br />insurance proceeds payable for such casual ty and shall pay to <br />Buyer any and all such insurance proceeds theretofore paid to <br />Seller by reason thereof and Buyer shall purchase the Property <br />for the full Purchase Price pursuant to this Agreement. <br /> <br />10.2 No Implied or Unwritten Representations. BUYER <br />FURTHER ACKNOWLEDGES AND AGREES THAT, EXCEPT AS EXPRESSLY SET <br />FORTH IN SECTION 7 OF THIS AGREEMENT, SELLER HAS NOT, DOES NOT <br />AND WILL NOT MAKE, AND HEREBY DISCLAIMS, ANY AND ALL WARRANTIES <br />AND REPRESENTATIONS WITH RESPECT TO THE PROPERTY, WHETHER <br />