SSLM Properties LLC 7/26/2016 - Laserfiche WebLink

in accordance with the provisions of this Section,Buyer will have seven(7)business days after (i) receipt of notice of Seller's unwillingness or inability to cure the Defects or (ii) expiration of the Curative Period,if Seller does not provide such notice and the defects are not cured within the Curative Period, to give written notice to Seller terminating this Agreement(in which event Buyer will receive a refund of all Earnest Money)or accepting title to the Property subject to such Defects (in which event there shall be no reduction in Purchase Price.) (c) If Buyer does not elect to terminate this Agreement within the Inspection Period(or within such longer period as may be provided in this Section), then any Defects that Seller does not cure or agree to cure shall be permitted to remain on title at Closing (the "Permitted Encumbrances"). (d) If required by Title Company for extended coverage, Buyer shall, at its own expense, contract with a licensed surveyor for a new ALTA survey of the Property("New Survey"). Buyer shall have until the expiration of the Inspection Period to review and, in its sole discretion, approve the New Survey of the Property. If Buyer disapproves any matter shown in the Survey, Buyer may by written notice given to Seller prior to the expiration of the Inspection Period, terminate this Agreement and receive a refund of the Earnest Money unless Seller agrees to cure any such matter prior to Closing. 3.2 Title Insurance. Seller shall cause Title Company to deliver to Buyer at Closing an extended coverage owner's policy of title insurance issued by Title Company, insuring Buyer's title to the Property (the "Title Policy"). Buyer shall consult directly with Title Company regarding any special endorsements Buyer may require, at Buyer's sole cost and expense, to be included in the Title Policy. Seller shall pay the premium for standard coverage under the Title Policy. Buyer shall pay all costs in excess of the amount of the standard coverage premium for the Title Policy, including, without limitation, the cost of all endorsements requested by Buyer, the cost of the premium increase for extended coverage, and the cost of the New Survey. Prior to or at Closing, Seller shall, if requested by the Title Company, execute and deliver to the Title Company a commercially reasonable form owner's affidavit sufficient to allow Title Company to remove the standard preprinted exceptions for parties in possession and any mechanic's or materialmen's liens. 3.3 Conveyance of Property. At Closing, Seller shall convey to Buyer fee simple title to the Property by execution and delivery of a special warranty deed to the Property in the form of Exhibit B hereto (the "Deed"). 3