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r0U LUCV 0.JOIM (1) Terminate this Agreement end receive a refund of the Earnest Money and the interest accrued and unpaid on the Earnest Money, if (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 ) 14"): after such escrow is established, Buyer may then cure such Objections ]` and charge the costs of such cure (including reasonable attorney's fees) against the escrowed amount. If such escrow is established, the P atties agree to execute and deliver such documents as may be reasonably 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 Policy. Seller will furnish to Buyer at closing the title policy ( "Title Policy ") issued by Title pursuant to the Commitment, or a suitably marked up Commitment 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 from the date of the Seller's acceptance of this Agreement to the Closing Date (the "Executory Period "), Seller shall operate and maintain the Property in the ordinary course of business in accordance with 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 terminable on or before the Closing Date, without the written consent of Buyer, which consent may be withheld by Buyer at its sole discretion. 8. Representations and Warranties by Seller. Seller represents and warrants to Buyer as follows: (a) Corporation: Authority. Seller is duly incorporated and is in good standing under the laws of the State of Minnesota; Seller is duly qualified to transact business in the State of Minnesota; Seller has the requisite corporate power and authority to enter into and perform this Agreement and those Seller's Closing Documents signed by it; such documents have been duly authorized by all necessary corporate action on the part of Seller and have been duly executed and delivered; such execution, delivery and performance by Seller of such documents does not conflict with or result in a violation of Seller's Articles of Incorporation or t ( 1 Bylaws, or any judgment, order, or decree of any court or arbiter to which Seller is a party; such documents are valid and binding obligations of Seller, and are enforceable in accordance with their terms. 8