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extent an Objection can be satisfied by the payment of money, Buyer will at its <br />option have the right to apply a portion of the Purchase Price payable to Seller at <br />the Closing to satisfy such Objections and the amount so applied will reduce the <br />amount of the Purchase Price payable to Seller. If the Objections are not cured <br />within the Cure Period, Buyer will have the option to do any of the following: <br /> <br />(1) <br />Terminate this Agreement without any liability and receive a refund of all <br />Earnest Money and accrued interest; or <br /> <br />(2) <br />Withhold from the Purchase Price an amount which, in the Title <br />, is sufficient to assure cure of the Objections. <br />Any amount so withheld will be placed in escrow with the Title Company, <br />pending such cure. If Seller does not cure such Objections within 30 days after <br />such escrow is established, Buyer may then cure such Objections and charge the <br />amount. If such escrow is established, the parties agree to execute and deliver <br />such documents as may be reasonably required by the Title Company, and Seller <br />agrees to pay the charges of the Title Company to create and administer the <br />escrow; or <br /> <br />(3) <br />Waive the Objections and proceed to close; provided that Buyer shall have <br />the option, at Closing, to pay directly any liens, mortgages, charges or similar <br />encumbrances against the Property that are liquidated in amount and to which an <br />Objection has been made by Buyer, and Buyer may deduct the amount so paid <br />from the Purchase Price. Waived O <br /> <br /> <br />c.Title Policy. <br /> Buyer will obtain, at the Closing, a Title Policy issued by the Title <br />Company, or a suitably marked up commitment initiated by the Title Company <br />undertaking to issue such a Title Policy as approved by Buyer. <br /> <br /> <br />7.. <br />On the Closing Date, Seller will execute and <br /> <br /> <br />(1)Warranty Deed. <br /> A Warranty Deed in a recordable form acceptable to <br />Buyer conveying marketable fee title to the Property to Buyer free and clear of all <br />encumbrances, <br /> <br />(2). <br /> An Affidavit of Title by Seller indicating that on the <br />Closing Date there are no outstanding, unsatisfied judgments, fixture filings, tax <br />liens or bankruptcies against or involving Seller or the Property; that there has <br />been no skill, labor or material furnished to the Property for which payment has <br />other known unrecorded interests in the Property, together with whatever standard <br />required by the Title Company to issue the Title Policy. <br />6 <br /> <br /> <br />