Common use of Any Improvements Or Substances Located Thereon Clause in Contracts

Any Improvements Or Substances Located Thereon. Or (3) The Compliance Of The Property With Any Laws, Rules Ordinances, Or Regulations Of Any Government Or Other Body. The Foregoing Includes A Release Of Seller From Claims Based On Seller's Negligence In Whole Or In Part And Claims Based On Strict Liability. Buyer And Its Successors And Assigns Have, And Shall Be Deemed To Have, Assumed All Risk And Liability With Respect To Presence Or Remediation Of All The Known And Unknown Toxic Or Hazardous Substances, Materials, Or Wastes Or Other Actual Or Potential Environmental Contaminates On, Within Or Under The Surface Of The Property, Including Both Known Or Unknown, Apparent, Non-Apparent Or Latent, And Whether Existing Prior To, At, Or Subsequent To, Transfer Of The Property.