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EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR <br />HER MUST HAVE MATERIALLY AFFECTED HIS OR HER <br />SETTLEMENT WITH THE DEBTOR." <br />THE PROPERTY OWNERS, BEING AWARE OF SAID CODE SECTION, HEREBY <br />EXPRESSLY WAIVE ANY RIGHTS THEY MAY HAVE THEREUNDER, AS WELL AS <br />UNDER ANY OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR <br />EFFECT PERTAINING TO THE RELEASED CLAIMS. <br />The Parties, and each of them, represent and warrant to the other that they execute this <br />Agreement with full knowledge of any and all rights which they may have by reason of any of the <br />matters described herein and they have received herein. Each Party hereby further assumes the <br />risk of mistake of fact in connection with the true facts involved in connection with the matters <br />described herein, and with respect to any facts which are now unknown to them relating thereto, <br />and agrees that this Agreement shall be in all respects enforceable and not subject to termination <br />or rescission by any such difference in facts. <br />7. Successors and Assigns. This Agreement and all terms, conditions, and <br />obligations contained herein, including, but not limited to, the release of Claims set forth herein, <br />are binding upon and inure to the benefit of any assigns and successors -in -interest of the Parties. <br />Each of the Parties represents and warrants that none of the Claims or causes of action being <br />released herein has been transferred, assigned, or otherwise conveyed to any other person or <br />entity, and each of the Parties is the holder of the Claims being released. <br />8. Representations. Each Party further represents and warrants, as to itself, but not <br />as to any other Party, as follows: <br />(a) Each Party is the sole and lawful owner of all right, title, and interest in <br />and to every Claim and other matter that each such Party releases herein, and that each such Party <br />has not heretofore assigned or transferred, or purported to assign or transfer, to any person, firm, <br />or entity any Claims or other matters herein released. <br />(b) Each Party has received or has had the opportunity to receive independent <br />legal advice from attorneys of such Party's choice with respect to the advisability of executing <br />this Agreement and the releases provided for herein, and prior to the execution of this Agreement <br />by each Party, that Party's attorney, if any, reviewed this Agreement and discussed the <br />Agreement with such Party, and the Party has made all desired changes. <br />(c) Except as expressly stated in this Agreement, each Party represents and <br />warrants that it has not made any statement or representation to any other Party regarding any <br />facts relied upon by said other Party in entering into this Agreement, and each Party specifically <br />does not rely upon any statement, representation, or promise of any other Party in executing this <br />Agreement or in making the settlement provided for herein, except as expressly stated in this <br />Agreement. <br />(d) Each Party and its attorney(s), if any, has had a full and fair opportunity to <br />investigate and evaluate the transactions, documents, facts, circumstances, and disputes out of <br />which this Agreement arises prior to entering into this Agreement, and each Party hereto and <br />Page 5 of 9 <br />