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568 AND GAS CONSERVATION COMMISSION.
<br /> 569 8.7.5. Title Insurance Exclusions. Matters set forth in this Section and others, may be excepted,
<br /> 570 excluded from, or not covered b the owner's title insurance policy.
<br /> 571 Y p Y•
<br /> 572 8.8. Consult an Attorney. Buyer is advised to timely consult legal counsel with respect to all such matters
<br /> 573 as there are strict time limits provided in this Contract(e.g., Record Title Objection Deadline and Off-Record
<br /> 574 Title Objection Deadline).
<br /> 575
<br /> 576
<br /> 577 9. NEW ILC, NEW SURVEY.
<br /> 578 9.1. New ILC or New Survey. If the box is checked, a: 1) ❑ New Improvement Location Certificate
<br /> 579 (New ILC); or, 2)❑ New Survey in the form of; is required and the following will apply:
<br /> 581 9.1.1. Ordering of New ILC or New Survey. Seller Bu er will order the New ILC or New
<br /> 581 g Y• ❑ ❑ Y
<br /> 582 Survey.The New ILC or New Survey may also be a previous ILC or survey that is in the above-required form,
<br /> 583 certified and updated as of a date after the date of this Contract.
<br /> 584 9.1.2. Payment for New ILC or New Survey. The cost of the New ILC or New Survey will be paid, on
<br /> 586 or before Closing, b Seller Bu er or
<br /> 586 9+ Y� ❑ ❑ Y
<br /> 587 9.1.3. Delivery of New ILC or New Survey. Buyer, Seller, the issuer of the Title Commitment(or the
<br /> 588 provider of the opinion of title if an Abstract of Title)and will receive a New ILC or New Survey on or before New
<br /> -989
<br /> 590 ILC or New Survey Deadline.
<br /> 591 9.1.4. Certification of New ILC or New Survey.The New ILC or New Survey will be certified by the
<br /> 592 surveyor to all those who are to receive the New ILC or New Survey.
<br /> 593 9.2. Buyer's Right to Waive or Change New ILC or New Survey Selection. Buyer may select a New ILC
<br /> 594 or New Survey different than initially specified in this Contract if there is no additional cost to Seller or change to
<br /> 595 the New ILC or New Survey Objection Deadline. Buyer may, in Buyer's sole subjective discretion,waive a New
<br /> 596 Y 1 Y Y+ Y 1
<br /> 597 ILC or New Survey if done prior to Seller incurring any cost for the same.
<br /> 598 9.3. New ILC or New Survey Objection. Buyer has the right to review and object to the New ILC or New
<br /> 599 Survey. If the New ILC or New Survey is not timely received by Buyer or is unsatisfactory to Buyer, in Buyer's sole
<br /> 601 subjective discretion, Buyer may, on or before New ILC or New Survey Objection Deadline, notwithstanding 601 1 Y Y+ Y J 9 §
<br /> 602 8.3 or§ 13:
<br /> 603 9.3.1. Notice to Terminate. Notify Seller in writing, pursuant to§25.1, that this Contract is terminated;
<br /> 604 or
<br /> 6059.3.2. New ILC or New Survey Objection.ection. Deliver to Seller a written description of an matter that was
<br /> 606 p v
<br /> 607 to be shown or is shown in the New ILC or New Survey that is unsatisfactory and that Buyer requires Seller to
<br /> 608 correct.
<br /> 609 9.3.3. New ILC or New Survey Resolution. If a New ILC or New Survey Objection is received by
<br /> 61
<br /> 611 Y 1 Y 9 Seller, on or before New ILC or New Survey Objection Deadline and if Buyer and Seller have not agreed in
<br /> 612 writing to a settlement thereof on or before New ILC or New Survey Resolution Deadline, this Contract will
<br /> 613 terminate on expiration of the New ILC or New Survey Resolution Deadline, unless Seller receives Buyer's
<br /> 614 written withdrawal of the New ILC or New Survey Objection before such termination, i.e., on or before expiration of
<br /> 615 616 New ILC or New Survey Resolution Deadline.
<br /> 617
<br /> 618 DISCLOSURE, INSPECTION AND DUE DILIGENCE
<br /> 619
<br /> 620
<br /> 621 10. PROPERTY DISCLOSURE, INSPECTION, INDEMNITY, INSURABILITY, DUE DILIGENCE, AND
<br /> 622 SOURCE OF WATER.
<br /> 623 10.1. Seller's Property Disclosure. On or before Seller's Property Disclosure Deadline, Seller agrees
<br /> 624
<br /> 625 to deliver to Buyer the most current version of the applicable Colorado Real Estate Commission's Seller's Property
<br /> 626 Disclosure form completed by Seller to Seller's actual knowledge and current as of the date of this Contract.
<br /> 627 10.2. Disclosure of Adverse Material Facts; Subsequent Disclosure; Present Condition. Seller must
<br /> 628 disclose to Buyer any adverse material facts actually known by Seller as of the date of this Contract. Seller agrees
<br /> 629
<br /> 630 that disclosure of adverse material facts will be in writing. In the event Seller discovers an adverse material fact
<br /> 631 after the date of this Contract, Seller must timely disclose such adverse fact to Buyer. Buyer has the Right to
<br /> 632 Terminate based on the Seller's new disclosure on the earlier of Closing or five days after Buyer's receipt of the
<br /> 633 new disclosure. Except as otherwise provided in this Contract, Buyer acknowledges that Seller is conveying the
<br /> 634 635 P Y Y Property to Buyer in an "As Is"condition, "Where Is" and "With All Faults."
<br /> 636 10.3. Inspection. Unless otherwise provided in this Contract, Buyer, acting in good faith, has the right to
<br /> 637 have inspections (by one or more third parties, personally or both)of the Property and Inclusions (Inspection), at
<br /> 638 Buyer's expense. If(1)the physical condition of the Property, including, but not limited to, the roof, walls, structural
<br /> 639
<br /> 40 integrity of the Property, the electrical, plumbing, HVAC and other mechanical systems of the Property, 2 the
<br /> 640 9 Yp 9+ Y p rtY+ O
<br /> 641 physical condition of the Inclusions, (3)service to the Property(including utilities and communication services),
<br /> 642 systems and components of the Property(e.g., heating and plumbing), (4)any proposed or existing transportation
<br /> 643 project, road, street or highway, or(5)any other activity, odor or noise (whether on or off the Property)and its
<br /> 644 effect or expected effect on the Property or its occupants is unsatisfactory, in Buyer's sole subjective discretion,
<br /> 645 p p Y p rY+ Y 1
<br /> 646 Buyer may:
<br /> 647 10.3.1. Inspection Objection. On or before the Inspection Objection Deadline, deliver to Seller a
<br /> 648 written description of any unsatisfactory condition that Buyer requires Seller to correct; or
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