9.2.B. PRSR 12-14-2005 - Laserfiche WebLink

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representatives, heirs and assigns (hereinafter collectively referred to as "Seller and Seller's Agents") does hereby disclaim and renounce any other representation or warranty. Buyer specifically acknowledges that Buyer is not relying on any representations or warranties of any kind whatsoever, express or implied, from Seller or Seller's Agents as to any matter concerning the Property, except as explicitly set forth in this Agreement, and that Buyer, as to other matters, is relying entirely on Buyer's own Due Diligence, without any representations or warranties of any kind by Seller or Seller's Agents. ARTICLE VI TITLE EXAMINATION Examination of title to Property will be conducted as follows: 6.1 Title Commitment. Buyer shall obtain a commitment ("Title Commitment") from the Title Company for an ALTA Form of Owner's Policy of Title Insurance in the amount of the Purchase Price, wherein the Title Commitment will commit the Title Company to insure title to the Property at the Closing. 6.2 Title Examination. 6.2.1 Objections. Buyer shall have fifteen (15) days, after it has received (i) the Title Commitment and the survey, and (ii) all documents shown as exceptions therein, to make written objections to title of the Property ("Objections") and the failure by Buyer to make any such Objections within such time period will constitute a waiver of all Objections. 6.2.2 Cure of Objections/Non-Cure Notice. Seller will have one hundred twenty (120) days after receipt of any Objections to cure the Objections, during which period the Closing will be postponed as necessary; provided, however, that if Seller gives Buyer written notice (a "Non-Cure Notice") within said one hundred twenty (120) day period that Seller cannot or will not cure specified Objections, then this Agreement shall terminate, unless within ten (10) days after receiving the Non-Cure Notice Buyer gives Seller written notice that Buyer is waiving the Objections specified in the Non-Cure Notice, which items or matters subject to the Objection(s) shall then also become a Permitted Encumbrance(s). In any event, Seller shall cure any objection that can be cured solely by the payment of money. If the Purchase Agreement is terminated because the Seller cannot or will not cure specified Objections, then the Earnest Money shall be returned to the Buyer. Page 10 Version Dale: 12/8/05 5:\PARK & REC\12 14 OS Packet\Pwchase Agreement v12072005.doc