2007-07-11 CC - Laserfiche WebLink

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S. Surv~y. Seller shall provide to Buyer at Seller's expense a current "as- buih" swvey of the Property, showing access, easements, buildings, improvements, parking areas, encroachments, utility lines and all other information generally included in a swvey of commercial real property, together with the legal description of the Property, currently certified to Buyer and to the title insurance company referred to in Paragraph 6 hereof. Buyer reserves the right to make written objections to marketable title based upon said swvey within IS days after it receives the title commitment descn"bed in Paragraph 6 below. Any such objections to title shall have the same effect as objections to title raised by Buyer under Paragraph 6 hereof. 6. Title Examination. Within a reasonable time after acceptance of this Agreement, Seller shall furnish Buyer with an Abstract of Title or a Registered Property Abstract certified to date including proper searches covering bankruptcies and State and Federal judgments, liens, and levied and pending special assessments. Buyer shall have 1 S business days after receipt of the abstract of title or registered property abstract, at Buyer's own expense, to make an application for a title insurance policy and notify Seller of the application. Buyer shall have IS business days after receipt of the commitment for title insurance to provide Seller with a copy of the commitment and written objections. Buyer shall be deemed to have waived any title objections not made within the applicable lS-day period set forth above, except that this shall not operate as a waiver of Seller's covenant to deliver a warranty deed. If any objections to title are not made and Seller notified, all as herein provided, within the aforementioned lS-day period, such objections shall be deemed waived, but such waiver shall not negate the obligation of Sener to convey the Property by warranty deed and warranty bill of sale, subject to the objections 4 /9