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and otherwise meeting standards reasonably determined by Buyer, which may include <br /> minimum detail requirements for an ALTA/ACSM survey standard adopted in 2011. <br /> Buyer shall be allowed to review the Commitment and the Survey (collectively, the "Title <br /> Evidence") and make objections thereto, provided that said objections shall be made in writing <br /> prior to the expiration of the Feasibility Period or else deemed to be waived and therefore, <br /> "Permitted Exceptions." Notwithstanding the foregoing, Buyer shall not be obligated to object <br /> to liens or encumbrances which may be removed by the payment of money. If any objections are <br /> so made, Seller shall use reasonable efforts to correct any valid title objections within sixty (60) <br /> days after receipt of said objections and, pending such correction, the closing hereunder shall be <br /> postponed. If such objections are not corrected within said sixty (60) days for any reason, then <br /> Buyer may, at its option, either (i) terminate this Purchase Agreement by notice to Seller, in <br /> which case all Earnest Money paid by Buyer to Seller hereunder (including all accrued interest <br /> thereon)shall be promptly refunded to Buyer,or(ii)waive said Title Objections and perform this <br /> Agreement according to its terms, and there shall be a corresponding reduction in the Purchase <br /> Price not to exceed Ten Thousand and 00/100 Dollars ($10,000.00) ("Cure Funds"), in an <br /> amount necessary to cure the Title Objections after Closing. In such instance the Cure Funds <br /> shall be held in escrow by Escrow Agent and all amounts used by Buyer to cure the Title <br /> Objection(s), to be evidenced by invoices, shall be released to Buyer after the objection has been <br /> removed. Any Cure Funds remaining in escrow after the Title Objection is removed and Buyer <br /> has been paid for the cost to cure the objections shall be released to Seller. <br /> 4. Delivery and Inspection of Documents. Within ten (10) days after the Effective Date of <br /> this Agreement, Seller shall provide to Buyer complete copies of the following documents to the <br /> extent the same are in Seller's possession or are reasonably available to Seller (collectively, the <br /> "Due Diligence Documents"): <br /> a. Copies of Plans,Licenses and Permits in Seller's possession; <br /> b. Copies of any site plans, engineering or other reports in Seller's possession <br /> regarding the condition of the Property; <br /> C. Any environmental reports, studies or assessments (including soil tests or other <br /> geotechnical reports) that relate to the Property, and any disclosure letters and/or off site <br /> determinations from the Minnesota Pollution Control Agency (collectively, the <br /> "Environmental Reports")in Seller's possession; <br /> d. Documents or correspondence to or from governmental agencies regarding <br /> zoning of the Property, compliance of the Property with applicable laws or other <br /> governmental approvals or consents; <br /> In the event that this transaction is not closed for any reason,then Buyer shall,and shall cause its <br /> agents, attorneys, consultants and prospective lenders to, return all documents and copies of <br /> documents provided by Seller hereunder to Seller. This obligation shall survive termination of <br /> this Agreement. <br /> 2 <br /> 61 <br />