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<br />a. If notice of Objections is given and Seller cures such Objections, then upon <br />presentation to Buyer of documentation establishing that Objections have been cmed, <br />and if not objected to in the same time and manner 8.1/ the original title Objections, <br />Oosing shall take place within ten (10) business days or on the scheduled date of <br />Oosing, whichever is later. <br /> <br />b. If notice of Objections is given and Seller proceeds in good faith to cure said <br />Objections, but the L~y.J!.C!!!!~.(L~_~Clm_g~~~_~~__~~~.1__~!I.m._..-----i Deleted: 120 <br />shall have the option to do any of the following: <br /> <br />(i) Declare this Agreement null and void by notice to Seller, and neither <br />party shall be liable for damages hereunder to the other. In such event, <br />Buyer and Seller agree to sign a Cancellation of Land Sale and Purchase <br />Agreement, and Buyer shall be refunded its earnest money payment plus <br />interest aecrued. <br /> <br />(it) Waive the Objections and proceed to Closing. <br /> <br />SECfION 11- TAXES AND ASSESSMENTS <br /> <br />11.01 Seller shall pay or credit against the Purchase Price all real estate taxes, and all installments <br />of special assessments certified for payment with real estate taxes due and payable in the <br />years prior to the year of Closing. <br /> <br />11.02 Real estate taxes and all installments of special assessments certified for payment due and <br />payable in the year of Oosing shall be prorated between Seller and Buyer on a calendar <br />year basis to the date of Oosing. <br /> <br />SECfION 12 - RISK OF LOSS <br /> <br />The risk of loss, damage or destruction to the Property and any improvements thereon through <br />condemnation, fire or otherwise shall be borne by Seller until the Closing. In the event of a <br />condemnation of all or part of the Property, Buyer shall have the right to terminate this Agreement <br /> <br />SECfION 13 - CONDmONS TO CLOSING <br /> <br />Buyer's obligation to close this transaction is subject to Seller having performed all terms, <br />covenants and obligations required of Seller hereunder. <br /> <br />SECfION 14 - BROKER <br /> <br />Buyer and Seller represent and warrant that all brokerage charges incurred, if any, in connection <br />with this transaction shall be paid by the party authorizing such broker to act in its behalf. <br /> <br />Deleted: V:\BngiaeeriDa\BTSCHIDA\L <br />: AND\Ceulerrille Res\Purcbase <br />Agneunmt\l'unlb and Sale or~ <br />lot 12-20-05.doD <br />1asertI!d: V:\BtqpneeriDg\BTSCBIDA\ <br />o LAND\CenterviIle Res\Purahase <br />~andSaleor~ <br />lilt 12-20-0S.doD <br />. Deleted: C:\CeoIuville PAcIoo <br /> <br />o <br />, <br />, <br />, <br />o <br /> <br />. <br />. <br />, <br />, , <br />00 <br />. , <br />, . <br />, . <br />. . <br />, , <br />00 <br />" <br />00 <br />0, <br />!l / <br />.. . <br />.. . <br />!J :' <br />. , <br />.' <br />.' <br />._______________________________________________1' <br />H;\ProPQrtv Purcbase-Disoosa1\Perk ProuertvIPurcba ""d Sale ofvecaot lot l2-20-05v2.cIoo 5 <br /> <br />SECflON 15 - NOTICES <br /> <br />~ <br />