4.2. ERMUSR 01-08-2013 - Laserfiche WebLink

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(c) Title Policy. On or before the Closing, Title Insurer will furnish to Buyer an owner's title insurance policy("Title Policy") issued by Title Insurer pursuant to the Commitment, or a suitably marked up Commitment initialed by the Title Insurer undertaking to issue a Title Policy within a reasonable time in the form required by the Commitment, as approved by Buyer. 6.) CLOSING AND POSSESSION. The closing of the purchase and sale contemplated by this Agreement (the "Closing") will occur on or before the fifth (5`h) business day after the expiration of the Due Diligence Period (the "Closing Date"). The Closing shall be an escrow closing and both parties shall deliver all required documents and funds to the Title Insurer on or before the Closing Date. Seller will remove all personal property and debris and deliver the Property in a broom clean condition on the Closing Date. (a) Seller's Closing Documents. On the Closing Date, Seller will execute and/or deliver to Buyer the following(collectively,the"Seller's Closing Documents"): (I) Deed. A General Warranty Deed, in recordable form, conveying marketable title to the Property to Buyer, free and clear of all encumbrances, other than those encumbrances not objected to or waived pursuant to Section 5 above; (2) Seller's Affidavit. The standard owner's affidavit as may be required by the Title Insurer to issue the Title Policy in the form required by Section 5 above; (3) Well Disclosure Statement. A Well Disclosure Statement, properly executed and in recordable form, disclosing any wells existing on the Property or, if no wells,a statement to that effect on the deed; (4) Original Documents. Seller shall deliver to Buyer all original documents and any other documents that may be necessary for Buyer to operate the Property; and (5) Other Documents. All other documents reasonably determined by Buyer to be necessary to transfer the Property to Buyer free and clear of all encumbrances, except those encumbrances identified in the Commitment, which are not objected to or waived pursuant to Section 5 herein. (b) Buyer's Closing Documents. On the Closing Date, Buyer will execute and/or deliver to Seller the following(collectively, "Buyer's Closing Documents"): (1) Purchase Price. The balance of the Purchase Price to be paid; and (2) Title Documents. Such affidavits of Buyer or other documents as may be reasonably required by the Title Insurer in order to issue the Title Policy required by Section 5 above. 7.) PRORATIONS. Seller and Buyer will make the following pro-rations and allocations at Closing: (a) Title Insurance and Closing Fee. Seller will pay the costs of the Commitment, the related title searches and a GAP endorsement. Buyer will pay the premium for the Title 3.