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relative to the Property and in the possession of Seller, including, but not limited to: (i) a written statement to be prepared by Seller concerning any oral agreements with any party involving or relating to the Property, (ii) inspection reports; (iii) copies of all deeds by which the Seller received title to the Property, and (iv) copies of all title insurance policies now held by Seller for the Property. 5. Seller's Warranties, Covenants and Representations.' In addition to any other representations and warranties contained in this Agreement, Seller represents and warrants to Purchaser the following representations and warranties as of the date hereof and Seller acknowledges and agrees that Purchaser is relying upon such representations and warranties in purchasing the Property and that same are true and correct: (a) Seller has good, marketable and insurable fee simple title to the Property, free and clear of all liens, encumbrances and other exceptions to title, except for those matters of record. (b) Seller has full right, title and authority to execute this Agreement; to make the representations and warranties set forth in this Agreement, to perform the covenants of Seller hereunder and to deliver any and all documents required to consummate the transactions contemplated herein. Each party signing on behalf of an entity has the express authority to sign on behalf of said entity, and such signature is binding upon the entity. • (c) Seller has no knowledge that any suits or proceedings are pending or, to the best of Seller's knowledge, threatened against or relating to the Property, or which could make unlawful the consummation of the transactions contemplated by this Agreement or render Seller unable to consummate the same. There is no outstanding order, writ, injunction or decree of any court or governmental agency affecting the Property. 1J (d) Except for occupancy pursuant to a Lease of the Property to the Purchaser, there are no adverse or other parties in possession of the Property, or any part thereof, and no party has been granted any license, lease or other right relating to the use, occupancy or possession of the Property, or any part thereof, other than easements, agreements, leases, licenses and matters appearing of record, and those matters disclosed by Seller in writing prior to the Effective Date. There are no encroachments upon the Property that materially adversely affect enjoyment of the Property by Purchaser for its intended use, and to the best of the Seller's knowledge, information and belief, the improvements on the Property do not encroach upon adjoining properties. (e) Seller has not received notices, written or otherwise, from any governmental or quasi -governmental agency requiring the correction of any condition with respect to the Property, or any part thereof, by reason of a violation of any regulation, ordinance, or law imposed by such governmental authority relating to the zoning and the current use or condition of the Property. 2