6.1. EDSR 08-15-2022 - Laserfiche WebLink

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insured of the Real Property in the amount of the Purchase Price (the “Commitment”), together with copies of all documents attached to the Commitment. The Commitment shall commit to insure title in Purchaser, free and clear of all mechanics’ lien claims; questions of survey; unrecorded interests; rights of parties in possession and other exceptions; and shall set forth any requirements for deleting any exceptions to title contained therein. Purchaser will be allowed ten (10) business days after receipt of the Commitment, the documents attached thereto, any existing land survey provided by Seller, and the New Survey (as defined in Paragraph 4 hereof), if any, for examination and to make any objections to title to the Real Property (the “Objections”). The Objections are to be made by written notice or shall be deemed waived. Purchaser need not object to mortgages or other liens. If not sooner satisfied, Seller shall satisfy or release any mortgages on other liens against the Real Property at the Closing. If any Objections are so made, Seller shall have thirty (30) days after notice of the Objections to cure the Objections and make the title to the Real Property good and marketable of record in Seller. Seller shall obtain and deliver to Purchaser appropriate endorsements to the Commitment and, if applicable, an update to the New Survey evidencing that any Objections have been cured. Seller will make a diligent, good faith effort to cure the Objections. If the title to the Real Property, as evidenced by the Commitment and the New Survey together with any updated Commitment and the New Survey, is not made good and marketable of record in Seller by such date or is not good and marketable of record in Seller on the Closing Date, Purchaser, without waiving any right or remedy Purchaser may have as a result of a breach by Seller of any covenant or warranty hereunder, may either: a. Terminate this Agreement by giving written notice to Seller and receive an immediate refund of the Earnest Money; or b. Elect to accept the title in its unmarketable condition by giving written notice to Seller. 4. Survey. Purchaser, at its expense, may obtain an ALTA/NSPS land survey of the Real Property (the “New Survey”). The New Survey shall include such Table A items to the 2016 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys as Purchaser may desire. 5. Documents to be Delivered by Seller. Within five (5) business days after the Effective Date, Seller shall deliver to Purchaser true and complete copies of the following to the extent that the same are in Seller’s possession or control (collectively, “Seller’s Documents”): a. Seller’s most recent land survey of the Real Property, if any, and any soil reports, engineering reports, inspections, plans, and any other information pertaining to the Real Property. b. Copies of any environmental audits and reports or notices concerning the Real Property and all other documents relating to the discharge and/or remediation of EL185\\71\\796863.v7 2