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ARTICLE V. <br /> TITLE MATTERS <br /> 5.1 Title and Cure;Title Insurance.The Buyer shall obtain and deliver to the Seller,at <br /> the Buyer's expense, on or before ten (10) Business Days following the Execution Date, a <br /> certificate of taxes due on the Transferred Real Property and a current title insurance <br /> commitment, with copies of all exceptions referenced therein,which copies shall be as legible as <br /> the Title Company can reasonably provide (the "Commitment") from the Title Company <br /> committing to issue an owner's title insurance policy to the Buyer's reasonable satisfaction in the <br /> amount of the total Purchase Price for the Transferred Real Property,agreeing to insure good and <br /> marketable title in fee simple to the Transferred Real Property in Buyer, subject only to: (a) <br /> current non-delinquent general real property taxes; (b) easements, rights-of-way,restrictions, <br /> and other title matters of record; and(c) any Permitted Liens. The Commitment shall provide <br /> for the deletion from the title insurance policy, at Seller's expense, of all standard printed <br /> exceptions and the removal of the mechanics'lien exception to the Title Policy. <br /> 5.2 Title Review. On or before the date thirty(30)days following the Execution Date <br /> (the "Title Review Period"), Buyer shall review the Commitment, and all other materials <br /> relating to the title to the Property (herein collectively "Review Documents") and shall notify <br /> Seller of its acceptance or rejection of any conditions of title contained in and/or described by the <br /> Review Documents, which acceptance shall be made in Buyer's sole and subjective <br /> determination. If Buyer timely objects to any condition of title disclosed by the Review <br /> Documents (collectively "Title Defect") Seller shall, within ten (10) business days after the <br /> expiration of the Title Review Period, as defined below, either (i) cure the Title Defect or (ii) <br /> give written notice to Buyer that Seller will not cure the Title Defect, and should Seller fail to <br /> timely cure the Title Defect or give such written notice, then Buyer may at its sole option either <br /> terminate this Agreement, whereupon neither Seller nor Buyer shall have any further liability <br /> hereunder(except for matters which expressly survive termination), or continue this Agreement <br /> in full force and effect by written notice to Seller in which event the Title Defect shall be deemed <br /> to be a Permitted Exception (if applicable). If Buyer fails to notify Seller of any Title Defects <br /> prior to the expiration of the Title Review Period then Buyer shall be deemed have accepted title. <br /> For purposes of this Agreement, all matters shown on the Review Documents to which Buyer <br /> waives objections as provided above shall be referred to herein as the"Permitted Exceptions". <br /> 5.3 Title Policy. Promptly after the Closing, the Parties shall cause the Title <br /> Company to deliver to Buyer,at Buyer's sole expense, a title insurance policy for the Transferred <br /> Real Property purchased in conformance with the Commitment, in the full amount of the total <br /> Purchase Price for said Transferred Real Property, showing fee simple title to such property <br /> vested in Buyer subject only to the Permitted Exceptions and any Permitted Liens. <br /> 5.4 After-Acquired Title. If prior to the Closing Date, the Seller or the Individuals <br /> acquire any further right, title or interest in or to the Purchased Assets, including as a result of <br /> any amendment or relocation thereof, the Seller or the Individuals shall promptly provide the <br /> Buyer with written notice thereof, and such right, title and interest shall, without payment of <br /> additional consideration, become part of the Purchased Assets subject to all of the terms and <br /> conditions of this Agreement. <br /> 26 <br />