Common use of PERMITS DISCLOSURE Clause in Contracts

PERMITS DISCLOSURE. Except as may have been disclosed by Seller to Buyer in a written disclosure, 158 Seller does not know of any improvements made to the Property which were made without required 159 permits or made pursuant to permits which have not been properly closed. 160 (c) MOLD: Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned or 161 desires additional information regarding mold, Buyer should contact an appropriate professional. 162 (d) FLOOD ZONE; ELEVATION CERTIFICATION: Buyer is advised to verify by elevation certificate which flood 163 zone the Property is in, whether flood insurance is required by Buyer’s lender, and what restrictions apply to 164 improving the Property and rebuilding in the event of casualty. If Property is in a “Special Flood Hazard Area” 165 or “Coastal High Hazard Area” and finished floor elevation is below minimum flood elevation, Buyer may 166 terminate this Contract by delivering written notice to Seller within 20 days after Effective Date, failing which 167 Buyer accepts existing elevation of buildings and flood zone designation of Property.

PERMITS DISCLOSURE. Except as may have been disclosed by Seller to Buyer in a written disclosure, 158 171 Seller does not know of any improvements made to the Property which were made without required 159 172 permits or made pursuant to permits which have not been properly closed. 160 173 (c) MOLD: Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned or 161 174 desires additional information regarding mold, Buyer should contact an appropriate professional. 162 175 (d) FLOOD ZONE; ELEVATION CERTIFICATION: Buyer is advised to verify by elevation certificate which flood 163 176 zone the Property is in, whether flood insurance is required by Buyer’s lender, and what restrictions apply to 164 177 improving the Property and rebuilding in the event of casualty. If Property is in a “Special Flood Hazard Area” 165 178 or “Coastal High Hazard Area” and finished floor elevation is below minimum flood elevation, Buyer may 166 179 terminate this Contract by delivering written notice to Seller within 20 days after Effective Date, failing which 167 180 Buyer accepts existing elevation of buildings and flood zone designation of Property.