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r ~ U' I' L Ii" V ~ .J ,1h~1 y:/ 11 IJ--'"T;J-o;' I. \." v (1) Terminate this Agreement and receive a refund of the Earnest Money and the interest accrued and unpaid on the Eamest Money, ifaJ:l.)r, (2) Withhold from the Purchase Price an amount which, in 'the reasonable judgment of Title, is sufficient to assure cure of the Objections. Any amount so withheld will be placed in escrow with Title. peuding such cure. If Seller does not cure such Objections v..ithin ninety (90) days ~ after such escrow is established, Buyer may then cure such Objections and charge the costs of such cure (including reasonable attorney's fees) against the escrowed amount. If such escrow is established, the parties agree to execute and deliver such documents as may be reasonably required by Title, and Seller agrees to pay the charges of Title to create and administer the escrow. (3) Waive the objections and proceed to close. (c) Ti.tle Polic\'. Seller will furnish to Buyer at dosing the title policy ("Title POlicylf) issued by Title pursuant to the Commitment, or a suitably marked up Commitment initiated by Title undertaking to issue such a Title Policy in the form required by the Conunitmem as approved by BU)'er. 7. Operation Prior to CLosing. During the period from the date of the Seller's acceptance of this Agreement to the Closing Date (the "Executory Period"), Seller shall operate and maintain the Property in the ordinary course of business in accordance ,vith prudent, reasonable business standards, including the maintenance of ade.quate liability insurance and insurance against loss by :fire, windstorm and other hazards, casualties and contingencies, including vandalism and malicious mischief. Ho\....e....er, Seller shall execute no contracts, leases or other agreements regardW.g the Property during the Executory Period that are not tenninabJe on or before the Closing Date, without the written consent of Buyer, which consent may be Vvifr.beld by Buyer at its sole disc~tiOD, 8. Representations and Warranties bv Seller. Seller represents and \\'arrants to Buyer as follows: (a) Corporation: Authority. Seller is duly incorporated and is in good standing under the laws of the State of :Minnesota; Seller is duJ)" qualified to transact business in the State of Minnesota; Seller has the requisite corporate power and authority to enter into and perform this Agreement and those Seller's Closing Documents signed by it; such documents have been duly authorized by all necessary corporate action on the part of Seller and have been duly executed and delivered; such execution, delivery and performance by Seller of such documents does not conflict vAth or result in a violation of Seller's Articles of Incorporation Or Bylaw~, or an)' judgment: order, or decree of any court or arbiter to which Seller is a part)'; such documents are valid 81J.d binding obligations of SeUer, and are enforceable in aC<<Irdance with their telms. 8