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Mar I ~ 2002 2:20AM No,9645 P 8 by said Secretary of State, or by search fttm. acceptable to Buyer, showing no UCC filings regarding any of the Property, (b) Buyer's Objections. Within 20 days after receiving the last of the Title Evidence, Buyer 'Will make ,,,ritten objections ("Objections") to the form andlor contents of the Title Evidence. Buyer's failure to make Objections \:I,ithin such time period will constitute waiver of Objections. Any m.atter shown on such Title Evidence and not objected to by Buyer shall be a "Permitted Encumbrance" hereunder. Seller will have 60 days after receipt of the Objections to cure the Objections, during which period the Closing \\'111 be postponed as necessary. Seller shall use its best effons to correct any Objections. To the extent an Objection can be satisfied by the pa.YIl1ent of money, Buyer shall have the right to apply a portion of the cash payable to Seller at the Closing to satisfaction of such Objection and the amoWlt so applied shall reduce the amount of cash payable to Seller at the Closing. If the Objections are not cured \J:ithin such 60 day period, Buyer will have the option to do any of the following: (1) Terminate this Agreement and receive a refund of the Earnest Money and the interest accrued and unpaid on the Earnest Money, if any. (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, pending such cure. If Seller does not cure such Objections within 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) agains1 the escrowed amoW1t If such escrow is established, the parties agree to execute and deliver such documents as may be rea:;onably 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) Title Policv. Seller will furnish to Buyer 'at closing the title policy ("Title PolicyI') issued by Title pUIsmmt to the Comminnent, or a suitably marked up Cornmitment initiated by Title undertaking to issue such a Title Policy in the form required by the Commitment as approved by Buyer. 7. Operation Prior to Closine:. During the period froIl1 the date of tbe Seller's acceptance oftbis Agreement to the Closing Date (the "Executory Period"), Seller shall ope.rate and maintain the Property in the ordinary course of business in accordance "ith prudent, reasonable business standards, inCluding the maintenance of adequate liability insurance and insurance against loss by :fire, windstorm and other hazards, casualties and contingencies, inclUding vandalism and malicious mischief. However, Seller shall execute no contracts, leases or other agreements regarding the Property during the Executory Period that are not tettninable 7