CCP 09-29-1997 - Laserfiche WebLink

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, 5 (2) Withhold Payment. Withhold from payment of the PlIrchase Price an amount that, in the reasonable judgment of the Title Insurer, is sufficient .... to insure cure of the Objections and deposit any amount so withheld in ..... escrow with the Title Insurer, pending such cure. If SeHer does not cure such Objections within thirty (30) days after such escrow is established, Buyer may then cure such Objections and charge the costs of such CLlrc (including reasonable attorneys' fees) against the escrowed amount. If such an escrow is established, Seller and Buyer sh:lll execute and deliver such documents as may be reasonably required by the Titk Insurer, and SeHer shaH pay the charge of the Title Insurer to create and administer the escrow; or , (3) Waive. Waive the Objections and close the transaction contemplated by this Agreement as if such Objections had not been made. (c) Title Poliev. SeHer shall have furnished to Buyer an owner's title insurance policy ("Title Policy") issued by the Title Insurer pursuant to the Title Commitment, or a suitably marked up Title Commitment initiated by the Title Insurer undertaking to issue such a Title Policy within a reasonable time in the form required by the Title Commitment as approved by Buyer. 5.) CLOSING AND POSSESSION. The closing of the purchase and sale cO[ltemplated by this Agreement (the "Closing") shall occur on or before 11--, 1997, unless postponed or extended in writing by the parties (the ... "CI ing Date"). The Closing shall take place at 10:00 a.m. local time at the offices of Larkin, - Hoffman, Daly & Lindgren, Ltd" in Bloomington, Minnesota, or at such other place and time as may be acceptable to Seller and Buyer. (a) Seller's Closing Documents. On the Closing Date, SeHer shaH execute and/or deliver to Buyer the following (collectively, the "Seller's Closing Documents"): (1) Deed. A Warranty Deed, in recordable form, conveying marketable title to the Property to Buyer, free and clear of all encumbrances, other than th~ Permitted Encumbrances; (2) Owner's Duplicate Certificate(s) of Title. Any existing owner's duplicate certificate(s) of title to the Property; (3) Title Policy. The Title Policy, or a suitably marked-up Title Commitment, as provided for in Section 4, herein; (4) Seller's Affidavit. An Affidavit by Seller indicating that on the Closing Date there are no outstanding, unsatisfied judgments, tax liens, or bankruptcies against or involving Seller or the Property; that there has been no skill, labor, or material furnished to the Property for which payment has not been made or for which mechanics' liens could be filed; - 4. -