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shall have 30 days after receipt of notice thereof to remove said <br />defect(s) and to provide Buyer with evidence thereof. If Seller <br />is unable to remove said defect(s) within such 30 day period, <br />then Buyer may either: (1). accept title to the Property subject <br />to said defect(s) without any reduction in the total purchase <br />price, or (2) terminate this Agreement by written notice to <br /> <br />Seller and thereupon have returned all items and funds <br />~theretofore paid or deposited hereunder, in which event Seller <br />shall pay all nonrefundable escrow, title and financing costs <br /> <br /> theretofore incurred and Seller and Buyer shall be relieved of <br /> further 'liability hereunder. <br /> <br /> 5. ESCROW PROCEDURE. All documents~ and funds <br />necessary to complete this transaction shall be placed in escrow <br />with the Title Company within 30 days of the date this Agreement <br />is approved by Ordinance by Lakewood City Council and executed by <br />the Mayor in accordance with such Ordinance. This Agreement <br />shall be considered by the Escrow Agent'as escrow instructions, <br />but shall be subject to the Escrow Agent's standard conditions of <br />escrow acceptance where not inconsistent herewith, and which <br />conditions of escrow shall be made a part hereof and incorporated <br />herein by reference. <br /> <br /> 6. TITLE TRANSFER, OCCUPANCY AND POSSESSION. <br /> <br /> A. Title Transfer. Title shall transfer to <br /> <br /> Purchaser by the recOrding of the deed unless such date is <br /> changed by agreement of Buyer and Seller. <br /> <br /> <br />