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based. The Limited Warranty Deed shall contain the following <br /> restrictions, covenants, and conditions: <br /> 1. The use of the Real Property shall be subject to applicable zoning <br /> restrictions. <br /> 2. The Buyer shall commence development of the Real Property for <br /> light industrial use,materially consistent with the plan attached <br /> hereto as Exhibit C and approved as described in Section 4(d) <br /> hereof(which plans shall not be attached to the deed),by August 1, <br /> 2021. If the Buyer fails to devote the Real Property to its intended <br /> use on time, title to the Real Property shall revert to Seller, at <br /> Seller's election, and, in that event, Buyer shall promptly offer a <br /> deed to the Real Property to Seller, who will then refund to Buyer <br /> the amount of the Purchase Price paid by Buyer to Seller, without <br /> interest, less any taxes and other encumbrances affecting <br /> marketability of title. Notwithstanding the foregoing, Seller may, <br /> at its option, consider an extension of time for good cause shown <br /> by Buyer. In the event an extension is granted, such extension(a) <br /> shall be to a date certain, (b)may be conditioned by Seller to <br /> protect the public interest, and(c) during the period Buyer shall not <br /> transfer title to the Real Property without the express written <br /> consent of Seller. <br /> After the Buyer has devoted the Real Property to its intended use <br /> in accordance with approved plans and specifications for the <br /> development of the Real Property, submitted to the Seller, the <br /> Seller shall provide to Buyer a certificate of compliance/ <br /> completion in recordable form within 30 days from the <br /> determination thereof by Seller. <br /> ii. Well Certificate. If there are wells on the Real Property, a Well <br /> Certificate in the form required by Minn. Stat. § 103I.235. <br /> iii. Other Affidavits. Any other affidavits or certificates that may be <br /> required under Minn. Stat. § 116.48, Subd. 6, or Sect. 115B.16 or other <br /> provisions of law. <br /> iv. An affidavit of Seller regarding liens,judgments, t�liens,bankruptcies, <br /> parties in possession,mechanics' or materialmens' liens and other matters <br /> affecting title to the Real Property in customary form as may be <br /> reasonably required by Title Company to delete the so-called"standard <br /> exceptions" from the title policy. <br /> v. Other. Such other documents as may reasonably be required to transfer <br /> fee title to the Property to Buyer. <br /> 2 <br />