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2007-07-11 Set Agenda & Handouts
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2007-07-11 Set Agenda & Handouts
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<br />not made within the applicable I5-day period set forth above, except that this shall not operate as <br /> <br />a waiver of Seller's covenant to deliver a warranty deed. If any objections to title are not made <br /> <br />and Seller notified, all as herein provided, within the aforementioned I5-day period, such <br /> <br />objections shall be deemed waived, but such waiver shall not negate the obligation of Seller to <br /> <br />convey the Property by warranty deed and warranty bill of sale, subject to the objections so <br /> <br />waived, or negate any of the warranties to be contained in the same. If any objections to title are <br /> <br />made, Seller shall be allowed 30 days to cure said objection. If any of the objections remain <br /> <br />uncured after the 30-day period, then the Buyer,. in its discretion, may allow Seller up to an <br /> <br />additional 30 days to cure objections deemed by the Buyer to be curable. The closing shall be <br /> <br />postponed until the time for curing objections has expired. If title is not marketable and is not <br /> <br />made so within the time allowed for curing objections, Buyer may: (i) terminate this Agreement; <br /> <br />or (ii) waive any remaining and proceed to close. All costs of the title insurance commitment <br /> <br />and the premium on the policy shall be paid by Buyer. <br /> <br />7. Real Estate Taxes and Special Assessments. General real estate taxes and <br /> <br />installments for special assessments payable in the year in which Closing occurs shall be paid by <br /> <br />Seller as of the Date of Closing. Buyer shall be responsible for the payment of all real estate <br /> <br />taxes and installments of special assessments due in all years following the year in which the <br /> <br />Date of Closing occurs. <br /> <br />8. Operation Prior to Closing. Seller may not from the date hereof through the Date <br /> <br />of Closing, enter into any lease, contract or other agreement regarding any of the Property, or in <br /> <br />any way encumber the Property, without Buyer's prior written consent. Seller agrees to permit <br /> <br />Buyer and its agents access to the Property to conduct such inspections, surveys and tests of the <br /> <br />Property as Buyer chooses. Buyer shall given Seller reasonable advance notice of when it <br />
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