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Nath n Ruybal Recq� No• eco�de SPage:4 of 17 <br /> Cane as Cou7 Y CIeYK and M Rec Fee: $0.00 <br /> IMinc <br /> o a 010 0�20 gj�ae: �0.00 <br /> Fee: 0.00 RS• <br /> 4. APPRAISAL PROVISIONS. <br /> 4.1 Appraisal Definition. An "Appraisal" is an opinion of value <br /> prepared by a licensed or certified appraiser, engaged on <br /> behalf of Buyer or Buyer's lender, to determine the <br /> Property' s market value (Appraised Value) . The Appraisal <br /> may also set forth certain lender requirements, <br /> replacements, removals or repairs necessary on or to the <br /> Property as a condition for the Property to be valued at <br /> the Appraised Value. <br /> 4.2 Appraisal Condition. Buyer waives the right to obtain an <br /> Appraisal. Therefore, there is no appraisal deadline or <br /> appraisal objection deadline. Buyer shall purchase the <br /> property regardless of the appraised value of the property. <br /> S. TITLE INSURANCE, RECORD TITLE AND OFF-RECORD TITLE. <br /> 5.1 Dates and Deadlines for Title Matters: <br /> Item Reference Event Date of <br /> No. Deadline <br /> 1 Section 5 Record Title Deadline (and May 27, 2022 <br /> Tax Certificate) <br /> 2 Section 5 Record Title Objection May 27, 2022 <br /> Deadline <br /> 3 Section 5 Off-Record Title Deadline May 27, 2022 <br /> 4 Section 5 Off-Record Title Objection May 27, 2022 <br /> Deadline <br /> 5 Section 5 Title Resolution Deadline May 27, 2022 <br /> 6 Section 5 Third Party Right to May 27, 2022 <br /> Purchase/Approve Deadline <br /> 5.2 Evidence of Record Title and Mineral Rights. <br /> 5.2.1 Seller Selects Title Insurance Company. Seller will <br /> select the title insurance company to furnish the owner' s <br /> title insurance policy. Seller and Buyer shall split this <br /> cost of obtaining the title insurance. on or before Record <br /> Title Deadline, Seller must furnish to Buyer, a current <br /> commitment for an owner' s title insurance policy (Title <br /> Commitment) , in an amount equal to the Purchase Price. <br /> 5.2.2 Title Documents. Title Documents consist of the <br /> following: (1) copies of any plats, declarations, <br /> covenants, conditions and restrictions burdening the <br /> Page 4 of 16 <br />