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Purchase Price owing at Closing in an amount equal to the amount of the Earnest <br />Money. <br />5. SURVEY. Seller has provided a copy of Registered Land Survey No. 251 that includes <br />the lot dimensions for the Property. Buyer at own expense may arrange to obtain an <br />ALTA/NSPS survey (Table A, items 1-4 and 6, 8, and 11) for the Property (the "Survey") <br />6. TITLE COMMITMENT. <br />a. Seller makes no representations or warranties with respect to the status of title to <br />the Property. Within thirty (30) business days after the Effective Date, Seller <br />shall, at Seller's expense, obtain a commitment from Escrow Agent to issue an <br />owner's policy of title insurance insuring Buyer's title to the Property (the "Title <br />Commitment") and deliver the Title Commitment and copies of or internet access <br />to copies of all recorded documents referenced in the Title Commitment to Buyer. <br />b. Buyer shall have until the date thirty (30) days after the receipt of the Title <br />Commitment and the Survey (collectively, "Title/Survey") to review <br />Title/Survey and to give Seller written notice of (i) any defects in the <br />marketability of Seller title to the Property or any encumbrances on Seller's title <br />to the Property that are objectionable to Buyer, and (ii) the specific actions Buyer <br />requests that Seller take with respect to each such defect or encumbrance (a "Title <br />Objection Notice"). Any defects in or encumbrances on Seller's title that Buyer <br />does not identify in a timely Title Objection Notice are each a "Permitted <br />Exception." Within three (3) business days after Seller's receipt of a Title <br />Objection Notice from Buyer, Seller will notify Buyer, in writing, of the actions, <br />if any, that Seller is willing to take with respect to each of the matters identified in <br />the Title Objection Notice and the time frame in which Seller will take those <br />actions ("Seller's Title Notice"). If Seller's Title Notice indicates that Seller <br />unconditionally agrees to make Seller's title to the Property marketable on or <br />before the closing date established pursuant to Section 13, the parties shall <br />proceed to closing pursuant to the terms of this Agreement. If Seller's Title <br />Notice indicates that Seller does not unconditionally agree to make Seller's Title <br />to the Property marketable on or before the closing date established in Section 13, <br />Buyer may, at any time with three (3) business days after Buyer's receipt of <br />Seller's Title Notice, terminate this Agreement by written notice to Buyer in <br />which case this Agreement is terminated and Escrow Agent must disburse any <br />Earnest Money to Buyer ("Buyer's Title Termination Notice"). If Buyer does <br />not deliver a Buyer's Title Termination Notice to Seller within the three (3) <br />business days after Buyer's receipt of Seller's Title Notice, than Seller must <br />perform in accordance with Seller's Title Notice, Buyer shall be deemed to have <br />waived Buyer's objections to the extent Seller has not agreed to address them in <br />Seller's Title Notice, the matters to which Buyer objected and Seller did not agree <br />to resolve are deemed Permitted Exceptions, and the parties shall proceed to <br />Closing in accordance with the terms of this Agreement and the terms of Seller's <br />Title Notice. <br />7. RIGHT OF ENTRY. At all times after Buyer has deposited the Earnest Money with <br />Seller and before the Closing, Buyer (and its employees, agents, and contractors) may <br />Page 2 of 12 <br />