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A. Sellers Title Evidence. Seller shall, within fifteen (15) days after the Effective Date, furnish to Buyer a commitment ("Title Commitment") for an ALTA Owner's Policy of Title Insurance (accompanied by legible copies of all documents described therein) issued by the Title Company committing to insure title to the Property, in the amount of the Purchase Price, subject only to the exceptions stated therein. B. Survey. Following the delivery of the Title Commitment by the Seller to the Buyer as provided in Section 6A above, the Buyer shall, if Buyer so elects, have a survey of the Property (the "Survey") prepared showing such matters as the Buyer deems necessary and place boundary markers on the Property. The Survey shall be prepared and the boundary markers placed upon the Property at Buyer's sole expense. C. Buyer's Objections. Within forty-five (45) days after receiving the Title Commitment, Buyer will examine the title to the Property and make written objections("Objections")to the form and/or contents of the Title Commitment and/or to any items shown on the Survey. Any matter shown in the Title Commitment or on the Survey not objected to by the Buyer within said 45 day period Contingency Date shall be a "Permitted Encumbrance." If Buyer delivers to Seller any Objections, Seller will use Seller's best efforts to cure or satisfy the Objections on or before the Closing Date. If the Objections are not cured on or before the Closing Date, the Buyer will have the option to do the following: i. Terminate this Agreement and receive a full refund of the Earnest Money; or ii. Waive the Objections and proceed to Closing. 7. Operation Prior to Closing. During the period from the date of Seller's acceptance of this Agreement to the date of actual Closing or cancellation (the "Executory Period"), the Seller shall execute no contracts, easements, leases or other agreements regarding the Property without the prior written consent of Buyer. Seller will give Buyer written notice of any citation or other notice which Seller receives, subsequent to the date the Seller signs this Agreement, from any governmental authority concerning any alleged violation of any law, ordinance, code, rule, regulation or order regulating the Property of the use thereof. The Seller shall not take any action, or cause to be recorded against the Property any documents, which change the condition of title to the Property from that shown in the Title Commitment without the prior written consent of the Buyer. 8. Representations and Warranties by Seller. The Seller represents and warrants to Buyer as follows (which representations and warranties shall be true and correct as of the date hereof and as of the date of actual closing): A. Seller Authority. Seller is duly organized and is in good standing under the laws of the State of Minnesota; Seller is duly qualified to transact business in the State of 4