2007-06-27 Set Agenda & Handouts

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to the Property which are in the possession of Seller or its agents, and a traD&fer and assignment thereof; (ill) Affidavits indicating that, on the Date of Closing, there are no outsta11di118 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 at the request of Seller for which payment has not been made or for which mechaDics' liens could be filed, and that there are no other unrecorded interests in the Property of any kind, together with whatever standard owner's affidavit may be required by the title insurance company insuring title; and (iv) AU other dOCUlDeAts atfectins title to and/or possession of the Property and necessary or convenient to transfer the same to Purehaser under Mhmesota law or practice. (b) Closing. Purchaser shall pay all costs associated with the closing of this transaction, excepting such items as state deed taxes and filing and recording fees that are customarily paid by the Seller. 7. TjtIe $ymninarlnn, IfPurcbaser bas any objection to title, Purchaser shall provide written notice to Seller of said objection. Seller shall be allowed ~ days to cure said objection. If any of the objections remain uncured after the _-day period, then the Purchaser, in its discretion, may allow Seller up to an additional _ days to cure objections deemed by the Purchaser to be curable. If title is not marketable and is not made so within the time allowed for curing objections, Purchaser may: (i) take all necessary action to cure title defects and reduce ally payment to be made to Seller by the Purchaser's costs to cure the title defects, including attorneys' fees; or (ii) waive any ! . , rellWfting objections. All costs of the title insurance commitment and the premium on the policy shall be paid by Purchaser.